Dennis Porter shared: Maybe we should wait to see what the Biden Bitcoin Executive Order says before we recklessly speculate on it.

Community Response:

That’s why God gave us feet. If you can’t change your current environment, change your current environment.

Transferring all my coins on the ledger and just lost them in the bay.

I think it’s pretty safe to say that it’s almost guaranteed it’s not going to be more helpful for bitcoin and Crypto.

I agree. That’s a fair and reasonable assessment.

Sad to see our childhood heroes talk bad about Crypto.

Dennis. Bitcoiners don’t care what Biden says. I get what you want. But let’s refrain from thinking these people have any power over bitcoin. We run code. Words on paper are meaningless.

You should care. We could just as easily end up like China if we aren’t careful and become complacent.

Nope! American Bitcoiners aren’t sheep like you. We don’t care bc we practice what bitcoin makes us capable of doing. And people still use bitcoin in China. Lots of them. It’s just underground now v.

Ask the miners if they liked getting kicked out of China. Ask the users if they like living underground.

Most small-time miners were just sellers. It was a way to get more RMB. As for the underground. Bitcoin has always been underground in China.

Bitcoin is the best money the world has. If you don’t want some of that and need permission then that’s not a bitcoins problem. Bitcoin doesn’t stop being great after the next 100X. It will always be great.

It doesn’t take that much to move bitcoin. At 400 million ppl we could be at 1 million dollars a coin. Bitcoin is scarce.

Maybe he meant to say “buy Bitcoin”.

The same guy has been yelling for everyone to buy BTC and gold as safe havens during the market meltdown. I think he was heavy in crypto and this crash has hit him hard.

Robert bought $BTC at $6,000. He is still in huge profit. When he bought BTC, that time it was good advice since regulation standards were unclear, the way they are still now.

I’m fairly confident, through my verification, that no one, under any circumstance, could ever confiscate my bitcoin. It’s not possible.

You are correct, from a technical sense. While there’s always the aspect of torture, this is not on the mind of current “centrist” politicians. However, if we devolve into a state like China, then perhaps it will be so. The other threat is quantum computing.

As quantum computing arrives so will the technology to prevent quantum computer hacking, the technology works both ways.

You just upgrade the Blockchain to a different encryption algorithm. But trust me, if such a thing ever happens, Bitcoin will be the least of our concerns.

Prediction. Biden to sign EXECUTIVE ORDER to research crypto. NEXT: Wait at least a year. NEXT: Wait another year. NEXT: Light touch regulation that is net positive for crypto. Side question: theRealKiyosaki how are all cryptocurrencies seized?

If you don’t own the private key, you don’t own the crypto. So, any on exchanges, metamask, etc. are vulnerable.

He wants to crash bitcoin so it can fulfill his prediction and buy it cheaply.

I’m personally waiting for history to repeat with an EO setting fixed convertibility to BTC in an attempt to anchor CBDC to BTC. Maybe I’m giving the current executive branch a little too much credit.

WAY too much credit lol.

They’re doing this because Russia is a promoter of crypto (to bypass the dollar) and is going become an even stronger one.

If JB confiscates Bitcoin, regardless of the logistical problems (i.e., Texas ‘come and take it), that will signal that the USG wants it, which will bolster its value proposition.  They have to aim for deterring the growth of Bitcoin without signalling value.