Trump misses the mark when warming up to a crypto currency e.g., bitcoin

[johnwk]

See:

The Trump-crypto love story may not be happily ever after

“Bitcoiners are looking for political validation after years in the wilderness,” said Eric Soufer, a political adviser to major crypto companies. “They believe now is their moment, and it’s hard to resist someone who is telling them everything they want to hear.”
Trump is expected to do just that on Saturday, when he gives the keynote speech at Bitcoin 2024, billed as the largest crypto gathering in the US, in Nashville".

To the best of my knowledge, Trump, to date, has not distinguished the United States Dollar

from that of a Federal Reserve Note

and that Federal Reserve Notes being made a legal tender are in violation of our Founders expressed intentions.

Our Founder’s fear of allowing bank notes of any kind to be made a legal tender has been allowed to take place and is abomination of our Constitution, and opened the door for some of the most notoriously evil doers of our time to engage in the plundering of America’s real material wealth, allowing a scheme which one of our founder referred to as the “. . . mark of the beast in Revelations".

As to crypto currencies, including “Bitcoin”, there is no constitutional objection, so long as they are not made a “legal tender” for all debts, public and private, and are free to compete in our “free market system”.

In closing, and with reference to our current Federal Reserve Note having been made a legal tender in violation of our Constitution, let us recall the alarm sounded by General Pinckney during the South Carolina ratification debates of our constitution with regard to paper money.

“With regard to Mr. Lowndes’s question, “What harm had paper money done?” General Pinckney answered, that he wondered that gentleman should ask such a question, as he had told the house that he had lost fifteen thousand guineas by depreciation; but he would tell the gentleman what further injuries it had done–it had corrupted the morals of the people; it had diverted them from the paths of honest industry to the ways of ruinous speculation; it had destroyed both public and private credit, and had brought total ruin on numberless widows and orphans.”

JWK

“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

 

[MarathonMike]

This was Kamala's message today to the Crypto World.