Trump is not a Bitcoin Fan, quite the contrast to Matt Odell. The expression of ECHO with the most interesting opinions on crypto currency number One.
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15. July 2019BTC$10.532,00 -0.84%part Facebook Twitter LinkedIn xing mail
Now he has done it at last. US President, Donald Trump comments on Bitcoin and co. This occurs, what was expected on the scene for a long time: A Statement of one of the most powerful politicians in the world to crypto-currency no 1.
The best reaction of the Community to trump Bitcoin-Bash.
Trump: Bitcoin is not real money
I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity….
— Donald J. Trump (@realDonaldTrump) July 12, 2019
I’m not a Fan of Bitcoin and other crypto-currencies are not money and their value is very volatile and no base. Unregulated crypto-goods can facilitate anti-competitive behaviour, including drug trafficking and other illegal activities…
The reactions to the tweets are a hodgepodge of counter-positions from the Bitcoin world. So, for example, the industry grants media, Bitcoin Magazine with charges of “money laundering currency Bitcoin”. The majority of illegal trade and money laundering will eventually be phased out, as before, with the US Dollar.
Untraceable, physical cash is the best tool for facilitating drug trades and unlawful activities, not a public ledger that records the history of every transaction ever made.
— the Bitcoin Magazine (@bitcoin magazine) July 12, 2019
A public Ledger like Bitcoin, the argument is that, in ourselves, in fact, very badly, to Finance illegal activities.
money has no intrinsic value
The U.S. dollar’s value is therefore “based on thin air.” The gold standard is history. It’s called “fiat currency” for a reason.
— Steven Walk (@real Steve walk) July 12, 2019
The value of the US dollar is used also from the air. The gold standard is history. [US-Dollar] is called for a reason “Fiat currency”.
Exactly how the value of the US Dollar is the Bitcoin is a function of supply and demand, as well as the degree of use. Bitcoins increase in value shows that more and more people in the crypto currency no give 1 trust. Current price movements are result of uncertainty about future value. The US Dollar is not different. This, however, is less volatile, due to its greater dissemination, however, is no Surprise.
Matt Odell stresses have Bitcoins, incentives model
As we at another point out, Bitcoin is still a very volatile investment. The yield of the last couple of years is compensated, however, for the recorded risks. In other words: Bitcoin belongs in every Portfolio, and the earlier your position, the better.
You should buy some bitcoin secretly and then make it legal tender.
The price would sky rocket. Just something to think about.
If you really want to be remembered, have the US gov buy a stash as well. That would truly make america great again.
— Matt Odell (@matt_odell) July 12, 2019
You should secretly buy some Bitcoin and make it a legal means of payment. The price would skyrocket. Just something to Think about.
If you really want to go down in history, make sure the USA, buy a part. That would make America truly great again.
Even if the Matt Odell drawn a scenario is unlikely, it also highlights just how Bitcoins incentive model is knitted. Instead of banning Bitcoin, could the States give the digital Gold a Chance to contribute to its legitimacy. By governments or Central banks jump on the Bitcoin train, it will take you to extreme price drivers – and thus benefit themselves. It is already seen that countries such as Belarus actively thinking about such strategies. President Lukashenko wants to, for example, promote a national Bitcoin Mining.
another example for clever dealing with BTC rumors, according to which the Bulgarian government in may 2017 in the possession of 213.519 Bitcoin. The authorities seized the Bitcoin total value of over two billion euros in the course of a strike against organised crime.
In a few years BTC should be worth so much that the Bulgarian state can pay off its national debt at a stroke – if he hodlt.
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