Oddbean

Those of you who have paid close attention to Trump's speech at Bitcoin 2024 may have noticed that the former President – accidentally or intentionally – appears to have given away a lot more on his plans for the future of Bitcoin than meets the eye. Despite his assurances to protect open source development and self-custody in the US, Trump is first and foremost a national security president, highlighted by his remarks on terrorism and immigration. A loosening of AML/CFT laws, which currently see several open-source developers under indictment, seems unlikely (though a democrat law enforcement officer in the White House may arguably not do us any better). During Trump's past presidency, the US passed the Anti-Money Laundering Act of 2020 as part of the National Defense Authorization Act, which increased penalties for AML/CFT offenses and established beneficial ownership requirements for LLCs to FinCEN. While Trump vetoed the NDAA, it appears that he did not do so due to the AMLA2020, but rather because the NDAA kept Trump from his crusade to repeal Section 230 of the Communication Decency Act, which protects Internet Service Providers from liability for information hosted and transmitted. According to Trump, Section 230 is a "national security risk" which "will make our intelligence virtually impossible to conduct". If you had hoped that a Trump presidency would reduce the risks of developers being held liable for "illicit activity", you may do best in thinking again – "Broadcasting" 'illicit transactions' is precisely what Samourai Wallet currently stands accused of, which would hardly be arguable under the striking of Section 230. Between incoherent ramblings on god, AI, and electric cars, Trump essentially used his 50-minute speaking slot to introduce The Bitcoin Dollar between the lines: a CBDC alternative to expand US hegemony beyond the petrodollar system directly into consumer wallets across the planet. Don't forget that the vast space between your ears is intelligence's field of play. For Trump, Bitcoin is merely a tool to "extend the dominance of the US Dollar to new frontiers all around the world", and if his speech showed us anything, its that you are nothing more than another pawn at the end of the identity politics chessboard, where a banner hangs that reads: Congratulations, you’ve been played. This Rage Weekly is out featuring a full opinion on the much anticipated Trump speech at Bitcoin 2024. Subscribe for free or read all issues online: https://www.therage.co/strap-in-for-the-bitcoin-dollar/

So in your educated opinion, does Trump potentially staffing his White House with bitcoiners not help developers and the ecosystem? I don't think the Dems will put a single bitcoiner anywhere near the table when it comes to policy decisions. He's not perfect, that's for sure, but sadly the world is not going to immediately switch away from it's current incarnation.

You're angry. That's fair. So are a lot of people. A violent overthrow of the current regime is a non starter, obviously. The brainwashed populace won't suddenly wake up. The only option is to get inside the power structure and change it peacefully from within, which will take many years. I understand it's your job/mission to point out the negatives and realities, which I appreciate.

Hahaha okay dude. The government will totally ignore a $1T+ asset. And as for "bOtH pArTieS R tHa proBlEm." Yeah I know. Thanks for the update. Would rather have at least one even somewhat on the side of BTC than getting raw dogged by both.

I don't want anything. They're going to do it whether you like it or not. I'd rather have people who actually understand something about Bitcoin in governement rather people who fucking hate us and BTC. How is this hard to understand? The governement is not going to continue to ignore us. You just want Bitcoin to be an Internet play thing, where we all play in our little anarchic sandbox. I want it to transform the current monetary system.

Oh. You believe YOU are the NON NPC? Well then could you answer this question, but I have to give some background first(I would so much like to see your superior intellect in action): 1. Bitcoin demands vast amounts of energy. 2. Trump clearly understands this and have very credible thoughts about how to get to the enormous expansion of energy generation that is needed to be successful in bitcoin and AI. 3. RFK HATE nuclear power. And he is FULLY on the #climatescam and is not positive towards expanding the ”drilling”. So he has NO credible plan for expanding the energy generation in a way that is sufficent. With that in mind: Who of the two REALLY understands #Bitcoin ? #TRUMP or RFK?

You don’t need to be smart to acknowledge that. LMAO. Think about what every person who invests in bitcoin has in common, then ask yourself if these two morons have that in common as well. Not sure why I’m wasting my time on a trump supporter, but I had a few minutes to waste. 🤷🏻

“Person said mean thing about my favorite puppet, I’ll write a novel about how mine is better. That will show that *moron* who I presume they prefer other more evil candidate.” Much impressed. Very wow. You showed me.

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I'm curious about people's thoughts on RFK. And also why most assume if not Trump then it has to be Kamala. After listening to Natalie Brunell's interview with RFK, I think he is a legit option to consider.

I think he's amazing. Unfortunately, a third party candidate just doesn't have much of a shot in America which has been co-opted by the two party system where you get the same thing dressed in different clothes. Pretty sure betting markets last week had Michelle Obama with a higher shot of winning than RFK... It is quite unfortunate as he actually gets bitcoin, put in the effort to learn about it, and committed his own capital to it. Trump seems like he was more reading some lines that were fed to him and honestly seemed surprised at some of the things he read from the teleprompter. I have heard that he simply came because he was paid to show up (not sure if that is true or not). Hopefully if he does get elected, he puts into place someone who actually understands bitcoin. But honestly, I was underwhelmed even by Vivek's talks, he seems like much more of a 'crypto' & 'blockchain' guy than someone who understands anything about bitcoin.

He’s not just a legit option, he’s the only option. Jorgensen should’ve had her chance in 2020, instead people continue to vote for the lesser of two evils. 🙈 The system’s not broken, the people are.

And what’s with “All Bitcoin made in the USA”? A. Technically, all 21 million Bitcoin has already been made. It’s just not all issued yet. B. Anyone who understands the power of decentralization wants it mined across as many conflicting jurisdictions as possible. C. Has Trump even bought any Bitcoin? We know he’s sold lots of ugly jpegs. D. This is just more grift, fraud and con. Do not trust this mf.

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