My friends, my fellow Bitcoiners.
Need I remind you of what Donald Trump really represents... Shitcoinism
Donald Trump is not a Bitcoiner. He sells, markets, and seeks to profit solely off of Shitcoins, NFTs, and World Liberty Financial Token scams. Scams that are so bad they cannot be sold or transferred per smart contract... so as to remain barely legal and keep him, D Trump, out of jail.
Donald Trump doesn't even own Bitcoin but Ethereum from selling NFTs and Jpegs that are outright scams... scams that
- poison the public's understanding of Bitcoin
- invite regulatory attention and scrutiny and
- fuel the "anti-crypto" army led by people like Elizabeth Warren and other democratic lawmakers.
When Donald Trump sells scams and gives the greenlight to Coinbase to sell scams (which he will if elected) it makes the future worse for Bitcoin rather than better. Imagine a 10x increase in scams, shitcoins, rugpulls, NFTs, memecoins, and garbage suddenly given the greenlight by a new Trump administration...
To Coinbase and every other Shitcoin-Casino out there. It will confuse the public and any "pendulum swing" towards "crypto" (which we DON'T want to see) will inevitably invite a swing in the opposite direction harming Bitcoin. This could reverse any progress and make things potentially harder for Real Bitcoiners and Sound Money.
In other words... More Shitcoins-On-Bitcoin, more scams, and more confusion as Donald Trump is NOT a Bitcoiner and he could give a FUCK as to what Bitcoin is and represents. Sound Money and Economic Energy native to the internet is NOT his Forte, he cares about himself and himself alone.
- Trump is also a trade-protectionist. He loves tariffs.
- Who cares you might think. 'He'll pump Bitcoin'.
Well how long is it before he requires that Bitcoin be "domestically produced" OH WAIT he already said that he wants it "made in the USA." Well wait till someone tells him that ASICS are overwhelmingly produced overseas... NOT in the United States HOW LONG will he be singing Bitcoin's tune then?
And Bitcoin is overwhelmingly for free trade, the best money, used by free people, to buy whatever-thehell-they-want regardless of where it's made or comes from. To which Trump is antithetical - he loves tariffs and doesn't want Americans (or anyone for that matter) buying things made "overseas".
- Bitcoin is international money and liquid global capital at the speed of light and nothing could be more opposite to a trade protectionist and an economic-imbecile like Mr. Trump.
Anywhere, any language, at any time, Bitcoin is money that goes the distance and Mr Trump is a trade protectionist with views antithetical to free trade.
'Oh well' you say. 'He'll lower taxes'.
'He'll cut spending'.
To which I would say, read almost every conservative-economist's (ANY economist's) take on Trump's economic plans. They will increase the national deficit, putting upwards pressure on interest rates, putting upward pressure on inflation possibly slowing the economy.
Who cares you say... you 'have Bitcoin and a great inflation-hedge' (and it is a great hedge).
But be careful what you wish for.
- Trump is not a friend to freedom and the moment that Bitcoin becomes a political liability for him he will dump it immediately. As recently as 2019 Trump said that Bitcoin 'sounds like a scam' and 'was not money'. Now he "loves crypto" and sells NFTs of himself.
Does this sound like a Bitcoiner to you?
I've listened, and you've listened, to Trump's Nashville 2024 speech (it's on Youtube) and he clearly does not know what Bitcoin is. In how many recent interviews (in ANY interviews) on the economy or his economic plans does he EVER mention Bitcoin or how it helps savers...
NEVER. He never mentions it. Trump NEVER mentions Bitcoin, ever, and instead all he talks about are tariffs which are antithetical to free trade and Austrian economics. Instead he boasts of 'pressure' on the Fed to steer interest rates (OPPOSITE to free markets) and he has a terrible record as a businessman.
Multiple bankruptcies. Endless lawsuits. A failed casino...
Does this sound like a Bitcoiner to you? Is this an intro to 'The Bitcoin Standard'?
I respect that there are many perspectives on the future of Bitcoin.
However I don't want a 'collapse' of the current system - as much as I love Bitcoin and want to see it prosper peer-to-peer. It would be fucking scary and that is not realistic.
I want gradual transition over time to a better system, where anyone can have, and use, sound money simply from flipping a coin or downloading Sparrow.
But Trump does not represent that. He is not that change, that transition, and he promises nothing. He could have freed Ross U (which he MAY or MAY NOT actually do) years ago and he didn't. And if he knows so little about Bitcoin... how would that pardon make any sense? If Bitcoin or a pardon (and he has a LONG list of pardons) becomes a liability for him he'll dump it immediately just like he dumps everything else.
Extreme caution in my opinion is advised.
Things can get worse for Bitcoiners, and despite the slow progress for Bitcoin the Money (TM) Trump does not necessarily guarantee improvement. Things have come a long way and from
- Tariffs
- Increased competition to the Dollar (from foreign currencies and Trump's Trade Wars (TM))
- plus the greenlight to the Shitcoin Casino (Coinbase)
the complexity of world events could have unpredictable consequences.
In my opinion, Donald Trump is completely unpredictable, he cares about himself and himself alone, and severe caution is advised. Trade wars, an activist executive branch inspired by vengeance, and the diminishing influence of the United States (which Trump wants) could have completely unpredictable consequences for Bitcoin and I just hope those consequences are positive.
In closing I would just say...
Think of your friends, your family, your spouse, your no-coiner co-workers... people who haven't "discovered" Bitcoin yet but eventually will.
Will they find Bitcoin as sound money? Or just Bitcoin as one token... at the Coinbase-Crypto-Casino. Trump promises less of the former and more of the latter and it would be a mistake, as Bitcoiners, to overlook this and where his real motivations lie.