It’s fascinating to watch. People are celebrating this. Right now, folks out there think it’s amazing that the new taxes levied on Americans—tariffs—will be used to buy Bitcoin.
Why are people happy? Why can’t anyone see the problem? What happened to the crypto space?
The plot is lost.
Anthony Pompliano sat down with Bo Hines for a long interview. Bo is Trump’s executive director in charge of crypto assets, a newly created position I just learned about today. Bo is all about Bitcoin, all about the anti-establishment becoming the establishment. He said so himself.
This interview, which I urge you to watch, will be remembered as the day we lost the plot. The day Bitcoiners accepted being dominated by the government. Bo admits, in no uncertain terms, they’ll do whatever it takes to hold more Bitcoin. He also admits—and this is key—their stablecoin printer will go wild. They just told us how they plan to take over, and we think it’s amazing.
In a recent post about this, someone pointed out that forking the chain is always an option. Yes, I agree, but if most people are happy with their shackles, why would anyone fork Bitcoin again? Hasn’t it been forked a hundred times already? The chain that keeps the name wins the game, it seems.
What else can I say? I’m blown away. I’m shocked.
This was not on my bingo card.
MenO
This is an interesting thing to think about.
If government wants to build a Bitcoin Reserve and control the worlds next global reserve currency does the way they go about it change it?
What I mean is, if the government seizes everyones bitcoin, does that change how we feel about Bitcoin?
Does that make one of the forks of Bitcoin more valuable then Bitcoin for Bitcoiners?
Do shitcoins stop being shitcoins, when Bitcoin becomes the property of the rich and the government?
I mean if "Bitcoin" becomes "Richcoin" , does one of the "shitcoins" become the "new bitcoin"?
If so, which "shitcoin" will become the new bitcoin?
And why that coin and not another coin?
Do the privacy coins suddenly become the anti-establishment money?
Dash?
We know that there will only ever be 21 million Dash.
We know Dash has Private Send.
We know Dash can't be mined with ASICS miners.
This is an interesting topic to think about because one it is such an existential threat and two it raises so many questions and possibilities that a shitcoin once shunned by bitcoiners could become the key to surviving a government takeover of cryptocurrency, starting with bitcoin.
I think your mind is in the right place. The label "shitcoin" will ger re-assigned.
Privacy coins would be the only ones I would use for storing value at that point.
It is great that they informed us of the plan in advance. The community is well aware of these tricks and only the new bitcoiners will give up their keys or accept a centralized stable coin to be under control.
Never sell your SATs is the way to go.
Only buy and take good custody of your assets in a cold wallet offline.
Like I said before, the day those that control BTC decided to not only let wall street in but court them, was when we lost. That was the moment when everyone in control of BTC said "We don't really give a shit about the philosophy or the dream of Bitcoin, we just want to be rich". It's all been downhill from there. This is just the next step.
Is this...
Just the evolved version of it...
All private keys, physical casascius Bitcoin, ledgers, & wallets etc. are to be delivered to the office of the President or Federal Reserve ON OR BEFORE MAY 1 2025 to be included in the the official TRUMPBTC hardfork!
you joke, but it might fucking happen! that's why is crazy!
STEEM is the chain that kept the name but HIVE won didn't it, so nothing's impossible. lol
we are too hard headed... that is why I believe in this place, and I don't sweat the prices. But we are the exception.
#hive #posh