He's sending mixed messages here...first he says he doesn't like crypto...then he says it's useful to "facilitate unlawful behavior". Isn't he the one that launders Russian money through his properties? Also, can he even pronounce facilitate? There is no fucking way he wrote that tweet. All of the language in those tweets is way too complex. He didn't say bigly or any of his other weird fake words and manners of speech once.
Achievement unlocked! I dreamt about a sitting U.S. President needing to respond to growing cryptocurrency usage years ago. "First they ignore you, then they laugh at you, then they fight you, then you win". We just made it to step 3 y'all.
It is important to remember that we're not necessarily the best of friends with traditional institutions. Sometimes those in the crypto space whine about Visa and banks and all manner of other things. We're kinda in competition with them. It's expected that they would occasionally throw shade...and poo. It's actually part of the reason that crypto doesn't react as much as people think it does to the news. We get shit on all the time, and it doesn't matter, because that's what competition does.
Research shows that you have to hear something a minimum of 7 times before it begins to "stick" in your brain.
That certainly seems to be the strategy of certain politicians. Just repeat the lie enough times, and it becomes true. I don't think that that's necessarily true in some sense though. You do retain info even the first time you hear something, unless your brain disregards it as unimportant. The more you hear about something though, the more it sticks.
It took me a lot more than 7 times though. I should have bought crypto the first time I heard of it...or a really nice used video card and mined the hell out of it. I might have heard about Bitcoin before the famous pizza buy. I know I actively remember when they launched Litecoin. I didn't really know how to buy it back then though...and every time I thought about buying some, people talked me out of it.
Never listen to people, they're stupid.
The US Dollar Will "Always" by the Dominant Currency of the World?
LOL! There's actually a ton of talk in the news about the US dollar losing because of this or that. One huge thing is it potentially being dropped from being used for the sale of oil. Visa just launched a blockchain product not long ago to allow the transfer of massive amounts of funds internationally. The dollar ain't looking so hot.
The more I learn about currency, the more I laugh when people say stupid shit...like how FIAT is safer because the fake ruling class backs it. Yeah, the people that take everyone's money, kill people every day, lock people in concrete and steel cages, and generally use their power for manipulation and control says it's valuable. Then it must be true...or they'll kill us.
Money has value because it's agreed between people that they will trade it for things that actually have value, like your time, and goods collected and harvested with your time. Cash is basically just a tokenized ledger system of sorts. The government controls a certain amount, which is then traded back and forth as an easy way to value things against a singular thing. Basically it just simplifies barter so you don't necessarily have to do multiple trades with multiple people. It's a tool.
Most cryptos are just as useful, if not more so than cash. It takes a bit more effort to put them on like a paper wallet...but everyone has phones these days. Perhaps the biggest deterrent is that the value could lower. But we might get used to that. When crypto goes down, we'll just all work harder to get more so we don't kill our bags, if we didn't sell for something that didn't go down as much.