Bitcoin Magazine has become a refuge for shitcoiners and JPEG maximalists. But in the middle of meaningless articles are buried some gems worth having a look. I dig them out and post them here so that you don’t have to.
"Orange Man Good: Selling Out On The Campaign Trail"
Since the beginning of his presidential campaign, RFK Jr. has pushed back against the systemic government corruption where elected official work harder to goose the bottom-line of pharma companies, big banks and the military-industrial complex than to defend the interests of the people who elected them. It was therefore not surprising to see him support bitcoin since bitcoin can take away the power of the money printer and give back the power to the people.
The recent weeks have seen interesting developments with Donald Trump also endorsing the orange coin, speaking to a libertarian convention and promoting bitcoin mining as an essential activity for the financial and energy future of the United States. Whether one is a Trump supporter or not, the least we can say is that he has been very well briefed and triggered so much FOMO from the democrats that they had to pretend to also support the industry while in fact working behind the scene to undermine it.
This said, this article in Bitcoin magazine is a good reminder that politicians would say anything to get votes and that most campaign promises get forgotten once the newly elected president sets foot in the oval office.
The first paragraph sets the tone very well and I highly recommend reading fully the article:
“After 20 years of forever wars, growing social decline and exacerbating economic demise, it seems that we are still immune to learning that politicians lie. Practically, the US is still in the same place it was in 2004, fueling raging conflicts across the Middle East. The treasury is still overleveraged to both its ears, the stock and housing markets again lie on the brink of implosion, homelessness still continues to rise, jobs are still scarce, and still nobody really knows how to pay for anything.”