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

Lost it again.

Don't they know who I am?!?!!

 

Bitcoin is a blip in terms of all the wealth the American financial system generates. It would definitely be easier to ban Bitcoin now than when FDR confiscated everyone's gold. China used to be the darling of BTC miners... Used to be.

Voting in a dictator based on digital currency policy is very very interest driven, like straight ticket voting on who's "friendliest" to the second amendment, but this is America.

Our votes are equal on paper for better or worse.

 

Maybe I’m just a dunce but if a dictator of a country adopts bitcoin friendly policy and that becomes their most popular currency domestically isn’t it basically the same as normal currency? Isn’t currency basically fake fairy dust anyways?

I mean if bitcoin is important at all the dictator is going to make sure that bitcoin doesn’t inflate or deflate too much anyways since his people rely on it to holds value so I don’t really see what the difference is other than the fact that with a dictator, they are less inclined to give a sh$t since they don’t have to worry about elections and can just murder some journalists and protestors if people start getting worked up about their bitcoin being devalued and them not being able to put food on the table.

In a democracy the dictator is just sidelined by the fed reserve and treasury who keep the democratically elected president at an arms length of currency manipulation where a dictator can act on a whim for better or worse.

So I really don’t see the difference … again if Bitcoin or a cripto that becomes vital to a nation. Sorry for asking for a bitcoin 101 lesson but maybe I’m just missing something. To me it’s all just faith in the government anyways. Here in the US the dollar is faith in our system to make good on what is owed.

To me democracy still seems like the way to go because of it’s all just faith based fairy dust I’d rather have those checks and balances. That way the dictator’s Joffrey type of son doesn’t inherit the throne after a poorly timed hunting accident and on a whim start printing money or issuing out bitcoin without a Harvard economics phd telling him no can do because doing that would be economic suicide for the country.

 

You'd have to repeal the first amendment. So, no.

 

Most people do, and that's because we've not had a technology that allows us to separate the money from the government until now.

Like I said, this is a hypothetical, so the "would it happen" question is irrelevant. A dictator who is interested only in power and not what is best for his people would undoubtedly hate BTC.

You can stop Bitcoin mining and Bitcoin activity in your country, but it is tremendously difficult to do so (imagine monitoring all energy usage and internet traffic). It's even more difficult, if not impossible, to seize Bitcoin since it is immaterial.

"Once it took root" would mean once the value/wealth is distributed. Dictators are able to stay in power because they control all the wealth. Once enough wealth has seeped out into the public you end up with an educated and armed populace that isn't willing to put up with your **** anymore, so you better not get crossways with them.

 

Like a Dictator could or a president with Emergency Powers in FDR?

Seems like voting options are limited for libertarian leaning crypto bros.

 

Feel free to edit this article if you've discovered some loophole in the Constitution vis-a-vis executive order.

 

If I was dictator, I'd rather edit the Consutition (ETA: and rename it) than a mere wiki. I just need to be voted in once.

Snarkiness aside, I don't think anyone would seriously consider BTC as "bulletproof" because of the 1st Amendment.
https://cointelegraph.com/news/is-bitcoin-protected-as-speech-under-the-1st-amendment-experts-answer

I can't stress enough how FDR confiscated gold...that's pretty much a blueprint for physical property.

Digital prohibition is much easier, but I'm just a bunch of photons being shot from your screen...

 

For 30 years the courts have been pretty consistent that it is. If that were to ever change, it would be monumental with far, far reaching consequences.

Cool. We're not talking about physical property.

Not in the case of Bitcoin. If China can't ban it, I'm not sure anyone can.

 

This is a big derail, so some closing comments.

The government can make the sale or trade of bitcoin incredibly difficult. As the link includes, regulation not infringing speech rights nor would that be a credible sole legal defense for it.

A mere whisper of tightening regulation collapses btc prices without the need to fully ban it. Lower prices...less frenzy for Greater Fools to fomo in.

The government has other options beyond a pure ban that would still be an uphill case for BTC at the supreme court, such as putting the squeeze on credit card companies, paypal, or any other financial institution.

While you can use defi for shifting numbers around, having little or no offramps to re-dollarize defeats the purpose of traveling around the world with zip drives and 24 word keyphrases tatooed on your bottom lip...

Have fun at Ecuador or North Korea.

Maybe that's where voting in a Dictator who claims to love bitcoin makes perfect sense!

 

This is all just confirming what I've already said.

You can slow it down. You can't stop/ban it.

See yall in El Zonte

 

Biden has been OK, policy-wise. He's just too old and frail, and I don't know if he'll survive another term. On that basis, I think he should step down.

All that said, I'm almost certainly voting for whoever the Democratic party nominee is. I think Trump being awarded with another term would be disastrous. The sooner he disappears to irrelevance, the better.

 

I think if we had a Republican like Larry Hogan or even Ben Sasse this would be a much different discussion. Unfortunately the Republicans chose Trump again and no major democrats sought to challenge Biden.

 

The Republicans could nominate almost anyone with a pulse and win, but they chose Trump and made this a contest.

 

This makes the decision much easier... I'll vote for the really old guy instead of the convicted felon...

 

I didn't need a conviction to be convinced that Trump is an awful human being who is unqualified for office.

 

I guess that's better than single issue gun rights voters...

 

They could prop Biden's corpse up like Weekend at Bernies and I'm still not voting for Trump who is legitimately trying to unravel our democracy, kill our global alliances and is an absolutely horrible human being.