Given this, it's surprising to me how quickly they cheer on for false politics.
As a non-american, something else I've noticed is how ingrained politics, and specifically the "left" and "right", are in the day-to-day lives of the people - It's like a soap-opera and everyone has to discuss and vote because they have a script to follow, it's rather fascinating.
I think there's more to it than that though. There's a curtain to be pulled and a realization that politics haven't worked the way everyone hopes it does (every.single.time) for a very long time. As such, we must seek alternatives, once again.
I believe our tribe ought to place more focus on their self-interests (which coincidentally, due to incentives, benefits everyone) and separate them from politics, and this is done first and foremost by conveying every day, in every way, the separation of money and state. As a Bitcoiner, and I believe many other Bitcoiners who are partaking in the politics also feel this way (albeit may be forgetful), I'm here to ensure my sovereignty and in the process ensure state cannot meddle with my money, with our money, because our Bitcoin works as it should.
From the mention and reciprocating cheers of Bitcoin strategic reserves down to the issuance of stablecoins, that is not what politics promised in this event. To be clear, I don't believe a strategic reserve is bad in itself, and can see potential benefits to stablecoins for territories whose currency has been essentially destroyed, but really... How does that benefit Bitcoin? It doesn't. It benefits the dollar hegemony and prolongs the fiat lifeline along with all its interests and all its puppeteer strings and it will keep those territories under its foot unable to develop.
Trump's speech was an affirmation of ensuring the US's global dominance by ANY means necessary. That is not what one should want. That is not Bitcoin. Don't forget, Bitcoin is for all. And Bitcoin does not work, if it only works in the US.
quotingThose 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.
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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/