[2024 POTUS Poll] For Those Planning to Vote for Biden

My vote is Biden's to lose. Trump's positive words lately toward Bitcoin (I don't trust he understands it or believes what he says, he's merely searching for a lane opposite the Dems) doesn't hold as much water with me as Biden's negative actions do.

Although as of late Biden and the establishment Democrats are begrudgingly moving in the right direction. I don't think they can do more than slow it down, but that's something I want to avoid.

Tough question. I don't have a good answer. Tongue in cheek I'd say it depends on the dictator.

 

That’s a very interesting and disturbing position to take. I’d rather keep a democracy and burn bitcoin and every other cryptocurrency to the ground before giving it up even if Trump is reelected.

 

That's pretty much what I expect to hear from people who don't understand money or it's role in society.

 

It's really this simple. Also, don't forget cheating on all 3 of his wives and consipiring to overturn elections. Those would be pretty big turn offs for me.

 

Well yeah. Like if he was doing things like pressuring secretaries of states to “find more votes”, pressuring his VP to manufacture a contested election with fake electors, etc etc. yeah I’d have a big problem with Biden. Doesn’t mean I’d vote for Trump instead but I couldn’t in good conscience as a patriotic American who believes in the Constitution vote for someone actively trying to stay in power by staging a violent or non violent coup.

 

The thing about Democracy though is if a president takes a position on something like crypto you don’t agree with, you can always just vote for their opposition on that matter you do agree with.

Under a dictatorship, you have to trust that the stance on something like crypto will consistently align with your beliefs. Dictatorships are almost always corrupt. It goes with the territory.

So you are trusting someone with all the power in the world, with no checks or balances for life, to just do the right thing for you his subject.. for the rest of your life most likely because dictatorships last a long time typically. Usually generations until someone worse kills them or a war happens that kills a good chunk of innocent civilians.

To me, it’s an easy choice to stay with Democracy even if there is major economic disagreement.

 

Three main assumptions that color my thinking here:

1) A Democracy is not guaranteed to work. They can have fatal flaws and be unable to self-correct.

2) Any society operating/built on unsound money is doomed to fail.

3) Any society operating on a sound money standard will thrive and be able to self-correct away from any government which proves inadequate.

So, give those assumptions, you'd roll the dice with the BTC dictator most times rather than hoping your Democracy doesn't have a fatal defect and can find its way to a sound-money standard eventually.

 

The world kept spinning before bitcoin and it will continue to do so long after it’s gone. I’ll take the democracy, if we can keep it.

I hold some crypto myself but don’t wanna further derail this thread. If that’s your reasoning then so be it.

 

We've been doing alright for centuries with government-issued currency. Why would you gamble with the other pillars of civilization for a chance to experiment with something that was already adequate?

 

You and I probably have very different definitions of "alright" and "adequate", not to mention what is actually risky here.

 

The history of fiat is pretty short and calamitous.

 

The problem with a dictator is even if you agree with their policies if they change their mind or their predecessor doesn't agree with you then short of violent revolution there is nothing you can do.

At least with our system you lobby, campaign, and vote for change.

 

Again, this assumes that the Democracy does not have a fatal flaw that prevents meaningful change from happening.

They can try, but they would almost certainly fail. This is especially true if Bitcoin was allowed to take root for any meaningful amount of time.

The people who control the wealth control the society. I think you underestimate just how important that fact is in terms of Bitcoin empowering everyday people and keeping governments in check.

Not really. Government and money are two different things. Just because you want one to be de-centralized does not necessarily mean you want the other to be as well.

 

Except we’ve seen major changes happening under our system. Desegregation, gay marriage, and while I might not agree with the change overturning Roe was a major change. All of those things happened under our republican democratic system.

In that case why would a dictator ever want to adopt Bitcoin? Even if bitcoin was used already under a dictatorship there is nothing stopping a dictator from banning it by force. There were dictatorships under hard currencies before.

 

I was getting that feeling too. But since I don't have electric service right now, I won't argue and just be content to let you be wrong.

 

Consider me 0% surprised you feel this way. Agree to disagree. I wish us all luck in attempting to vote our way out of the doom loop, but it's far from certain, if not unlikely IMO.

It's a hypothetical, so not really important. Although many consider Bukele a dictator, so there's that.

What's stopping them is two fold:

1) The profit motive (supporting and holding BTC is far more personally beneficial and lucrative).

2) It's really, really difficult to stop Bitcoin transactions and even more difficult to seize it.

Those currencies could be easily seized, counterfeited, and so on.

FYI telling me that dictatorships almost universally suck isn't really news to me and doesn't change my view.

 

It would be difficult to get me to vote for Jill Stein, but I won't say its impossible. C

 

If Biden has a stroke, I might pocket my vote depending on who replaces him.

Someone 50 or younger who publicly hates Boomers would be a shoo-in if not a political unicorn.