Trump embraces fake money called bitcoin

[johnwk]

Trump Launches US Strategic Bitcoin Reserve, 'Digital Asset Stockpile'

President Donald Trump signed an executive order establishing a U.S. strategic bitcoin reserve, as well as a "digital asset stockpile" for other cryptocurrencies, but put potential limits on buying more of the tokens beyond what is held by the federal government.

www.investopedia.com

It is stunning that President Trump has actually decided to give credibility to fake money, which ought to remind students of history of the Duke of Orleans and John Law’s fake money scheme which ended in the Mississippi Bubble and the good people of France paying the price of John Law’s fake money.

Has anyone noticed when our big media talks about “bitcoin” the following image is shown?

And that is part of the con . . . there is no tangible thing as a bitcoin, it has no intrinsic value its worth is based upon abstract figures generated by the human mind, and most importantly, it is trading in the shadow and not the substance. And that is why its advocates have invented an image of a bitcoin . . . a necessary gimmick in giving credibility to an illusion.

Hopefully someone during Trump’s next news conference will ask President Trump to display one of the “bitcoins” he’s decided to stockpile at the taxpayer’s expense.

 

[kyzr]

Crypto currency is a scam, but a lot of people plow money into it.

Crypto is the ultimate Ponzi Scheme.

 

[justoffal]

Trump Launches US Strategic Bitcoin Reserve, 'Digital Asset Stockpile'

President Donald Trump signed an executive order establishing a U.S. strategic bitcoin reserve, as well as a "digital asset stockpile" for other cryptocurrencies, but put potential limits on buying more of the tokens beyond what is held by the federal government.

www.investopedia.com

It is stunning that President Trump has actually decided to give credibility to fake money, which ought to remind students of history of the Duke of Orleans and John Law’s fake money scheme which ended in the Mississippi Bubble and the good people of France paying the price of John Law’s fake money.

Has anyone noticed when our big media talks about “bitcoin” the following image is shown?

And that is part of the con . . . there is no tangible thing as a bitcoin, it has no intrinsic value its worth is based upon abstract figures generated by the human mind, and most importantly, it is trading in the shadow and not the substance. And that is why its advocates have invented an image of a bitcoin . . . a necessary gimmick in giving credibility to an illusion.

Hopefully someone during Trump’s next news conference will ask President Trump to display one of the “bitcoins” he’s decided to stockpile at the taxpayer’s expense.

All money is fake....

 

[OhPleaseJustQuit]

All money is fake....

.

Except the gold I have in my hand.

Precious metals always have been and always will be money.

The most secure money on the planet.

I'm not worried about what President Trump says about Bitcoin.


.

 

[OhPleaseJustQuit]

Crypto currency is a scam, but a lot of people plow money into it.

Crypto is the ultimate Ponzi Scheme.

.

A friend tried to talk me into going into crypto.

I looked at the gold in my hand and laughed.


.

 

[rightwinger]

Next, we should invest in Beanie Babies

 

[1srelluc]

I don't understand it....Must be the boomer in me. I suspect I have a sliver on paper as one of my funds invests a little in it.

That said I'm not a metal monger either as a lot of my peers are.

There was a time when peppercorns were worth more than gold.....I always bear that in mind.....Can't season food with gold dust.

 

[johnwk]

Crypto currency is a scam, but a lot of people plow money into it.

Crypto is the ultimate Ponzi Scheme.

Some people surely have not learned how history repeats itself.

Here is what trading in the shadow and not the substance gets us:

Bitcoin makes Bernie Madoff's operation look like child's play.

Let us recall the wise words of Daniel Webster:


"Of all the contrivances for cheating the laboring class of mankind, none have been more effectual than that which deludes them with paper money. This is the most effectual of inventions to fertilize the rich man's field by the sweat of the poor man's brow."_Senator Daniel Webster, May 25th, 1832

.

 

[excalibur]

Trump Launches US Strategic Bitcoin Reserve, 'Digital Asset Stockpile'

President Donald Trump signed an executive order establishing a U.S. strategic bitcoin reserve, as well as a "digital asset stockpile" for other cryptocurrencies, but put potential limits on buying more of the tokens beyond what is held by the federal government.

www.investopedia.com

It is stunning that President Trump has actually decided to give credibility to fake money, which ought to remind students of history of the Duke of Orleans and John Law’s fake money scheme which ended in the Mississippi Bubble and the good people of France paying the price of John Law’s fake money.

Has anyone noticed when our big media talks about “bitcoin” the following image is shown?

And that is part of the con . . . there is no tangible thing as a bitcoin, it has no intrinsic value its worth is based upon abstract figures generated by the human mind, and most importantly, it is trading in the shadow and not the substance. And that is why its advocates have invented an image of a bitcoin . . . a necessary gimmick in giving credibility to an illusion.

Hopefully someone during Trump’s next news conference will ask President Trump to display one of the “bitcoins” he’s decided to stockpile at the taxpayer’s expense.

He is merely using the Bitcoins the Feds took in civil forfeiture.

The order also said that the U.S. wouldn't acquire more stockpile assets beyond those forfeited in criminal or civil proceedings "without further executive or legislative action."​

So, what is the beef?

 

[OhPleaseJustQuit]

He is merely using the Bitcoins the Feds took in civil forfeiture.

It clearly says the government isn't buying any. So, what is the beef?

.

Well, that's good to hear!


.

 

[MarcATL]

Crypto currency is a scam, but a lot of people plow money into it.

Crypto is the ultimate Ponzi Scheme.

Fact. A fool and his money are soon parted.

 

[konradv]

.

Except the gold I have in my hand.

Precious metals always have been and always will be money.

The most secure money on the planet.

I'm not worried about what President Trump says about Bitcoin.


.

Trump is creating a world in which lead will be worth more than gold.

 

[johnwk]

He is merely using the Bitcoins the Feds took in civil forfeiture.

​

The order also said that the U.S. wouldn't acquire more stockpile assets beyond those forfeited in criminal or civil proceedings "without further executive or legislative action."​

So, what is the beef?

The "beef" is giving credibility to fake money.

Our federal government should not be putting its finger on the scale for bitcoins. Let our marketplace sort out the supposed value of bitcoins.

 

[konradv]

He is merely using the Bitcoins the Feds took in civil forfeiture.

​

The order also said that the U.S. wouldn't acquire more stockpile assets beyond those forfeited in criminal or civil proceedings "without further executive or legislative action."​

So, what is the beef?

That’s the way it starts, but I fear those are out there willing to rug pull a whole country.

 

[justoffal]

He is merely using the Bitcoins the Feds took in civil forfeiture.

​

The order also said that the U.S. wouldn't acquire more stockpile assets beyond those forfeited in criminal or civil proceedings "without further executive or legislative action."​

So, what is the beef?

It's a smart hedge against dollar inflation.
Especially if the gold is missing from fort Knox which is probably is.

 

[22lcidw]

Fact. A fool and his money are soon parted.

What is real? Wha tis not? Perhaps this is the new currency. Perhaps this is the new Tulipomania. As long as our fiat currency does not become digital with other world currencies, I do not care.

 

[johnwk]

It's a smart hedge against dollar inflation.
Especially if the gold is missing from fort Knox which is probably is.

dollar inflation?

Stop making shit up. The Federal Reserve Note

is being inflated, not the dollar

 

[luiza]

All money is fake....

No .
All money is a promise of redemption at an agreed market rate .
Some achieve . Others do not .

Something which the US $ cannot do ( it's not really worth 50 cents) , but BCT does .

My excrement can serve as money if a market forms around its mutually agreed fixed value or Exchange Rate .
Great investment .
Am intending a Floatation if you wish to hold a few Turds as a precaution against the US $ falling further down the pan .

 

[Godboy]

Trump Launches US Strategic Bitcoin Reserve, 'Digital Asset Stockpile'

President Donald Trump signed an executive order establishing a U.S. strategic bitcoin reserve, as well as a "digital asset stockpile" for other cryptocurrencies, but put potential limits on buying more of the tokens beyond what is held by the federal government.

www.investopedia.com

It is stunning that President Trump has actually decided to give credibility to fake money, which ought to remind students of history of the Duke of Orleans and John Law’s fake money scheme which ended in the Mississippi Bubble and the good people of France paying the price of John Law’s fake money.

Has anyone noticed when our big media talks about “bitcoin” the following image is shown?

And that is part of the con . . . there is no tangible thing as a bitcoin, it has no intrinsic value its worth is based upon abstract figures generated by the human mind, and most importantly, it is trading in the shadow and not the substance. And that is why its advocates have invented an image of a bitcoin . . . a necessary gimmick in giving credibility to an illusion.

Hopefully someone during Trump’s next news conference will ask President Trump to display one of the “bitcoins” he’s decided to stockpile at the taxpayer’s expense.

The same can be said about a 20 dollar bill. It has no intrinsic value either, yet if you have enough of them, you can buy a mansion. This premise of yours is not very well thought out.

 

[Crepitus]

Trump Launches US Strategic Bitcoin Reserve, 'Digital Asset Stockpile'

President Donald Trump signed an executive order establishing a U.S. strategic bitcoin reserve, as well as a "digital asset stockpile" for other cryptocurrencies, but put potential limits on buying more of the tokens beyond what is held by the federal government.

www.investopedia.com

It is stunning that President Trump has actually decided to give credibility to fake money, which ought to remind students of history of the Duke of Orleans and John Law’s fake money scheme which ended in the Mississippi Bubble and the good people of France paying the price of John Law’s fake money.

Has anyone noticed when our big media talks about “bitcoin” the following image is shown?

And that is part of the con . . . there is no tangible thing as a bitcoin, it has no intrinsic value its worth is based upon abstract figures generated by the human mind, and most importantly, it is trading in the shadow and not the substance. And that is why its advocates have invented an image of a bitcoin . . . a necessary gimmick in giving credibility to an illusion.

Hopefully someone during Trump’s next news conference will ask President Trump to display one of the “bitcoins” he’s decided to stockpile at the taxpayer’s expense.

And it dropped in value.

Weird.