Trump / Musk (other than DOGE) Omnibus Thread

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Mulberry Heel said:
I know we have people who keep saying that Trump 2.0 isn't going to be that bad, but stuff like this just increases my own feeling that this is all going to end in disaster for everyone, and maybe well before 2027 or 2028. We'll see.
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Mulberry Heel said:
I know we have people who keep saying that Trump 2.0 isn't going to be that bad, but stuff like this just increases my own feeling that this is all going to end in disaster for everyone, and maybe well before 2027 or 2028. We'll see.
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Crypto will crash the world economy. Trump will hasten that.
 
1moretimeagain said:
Boy, the SEC is going to take a close look at this. 😂😂😂
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The foxes are now running the henhouse in nearly every government agency - it's going to be the most wide-open grifting administration since at least Warren G. Harding and the days of Teapot Dome, and likely the most unabashedly corrupt administration of all time.
 
farce© said:
The $TRUMPCON and $MELANIAWHORE meme coins might just be the thing that demonstrates the truth about cryptocurrency.
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Meme coins are pretty much the opposite of the original intent of crypto (at least as I understood it). But maybe this will expose how dumb meme coins are and that could have a serious negative impact on “legitimate” cryptocurrencies like Bitcoin, just when more Americans are investing in crypto as part of their portfolios… which is why more than a few crypto evangelists are furious with this $Trump and $Melania stuff.
 
nycfan said:
Meme coins are pretty much the opposite of the original intent of crypto (at least as I understood it). But maybe this will expose how dumb meme coins are and that could have a serious negative impact on “legitimate” cryptocurrencies like Bitcoin, just when more Americans are investing in crypto as part of their portfolios… which is why more than a few crypto evangelists are furious with this $Trump and $Melania stuff.
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Can you describe the underlying value that makes Bitcoin “legitimate” vs meme coins or simply other cryptocurrencies? What determines legitimacy?
 
wmheel1287 said:
You didn't ask me but I see nothing legitimate in any of it.
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I just don't understand any of it. Particularly when you include the energy consumption involved in maintaining all the 1s and 0s. All of the utility originally promised with Bitcoin has been filled with venmo, PayPal, Apple pay etc. Other than nefarious purposes what is the actual use case of Bitcoin?
 
farce© said:
Can you describe the underlying value that makes Bitcoin “legitimate” vs meme coins or simply other cryptocurrencies? What determines legitimacy?
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Bitcoin is decentralized (inasmuch is possible — ultimately, whoever maintains the software is still something of a centralized force), which was part of the original point — to prevent centralized currency control by a small group of people.

It’s basically a medium of exchange with value created by the limited availability and protections built into the system for mining and exchanging bitcoins securely, which relies on remaining decentralized enough so that no one gains control over BTC transactions (could favor one trade over another for political or other purposes).

I am not a crypto evangelist — it still strikes me as an anarchist bubble that is doomed to collapse most likely either due to the collapse of it’s decentralization or being overtaken by AI that can beat BTC encryption (and render it pretty much worthless as a result).
 
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