Trump says he wants all remaining Bitcoin to be made in the US

[bitmover]

The President is only a puppet man. Yes they have some power, but most things are done in the Congress and Senate. Everyone thinks this person is good or bad, but they aren't really understanding politics. It's all about the party that controls the House of Representatives that makes things happen IMO.

Of course, at least that's how it is in the US. Most of the less developed countries have a president who decides on everything.

Yeah, in Brazil when the president changes he has full power to go over whatever he wants, even the law....

Things are different in the US, and he will not have the power to do whatever he wants.
But it is a nice news to share here lol

Does anybody believe that he can do it?
Does any miner around the world believe in what he's saying?

No one believes in this, probably not even Trump himself. It is a good thing that even if he were to be re-elected as president, he would not be able to make such decisions by himself. Its influence will be minor.

Yeah, it can't be done. There is too much decentralization for that.

However, he can transform the US in a powerhouse for cryptocurrency companies. He may give some incentives for companies to move there, specially mining and other web3 stuff.

He can even make things easier for ETF approvals and stuff like that.

[Lucius]

Trump says he wants all remaining Bitcoin to be made in the US

If the man really said that, then we can conclude that he has no idea what he is talking about - because the "production" of BTC is not the same as the production of cars or computers, and even offering free electricity and all possible benefits will not attract all miners to the US.

Besides, it's a very bad idea, because Bitcoin is still decentralized in every sense and it should stay that way - all miners and all CEXs + the most powerful BTC ETFs in one country would give too much power to one policy to direct Bitcoin in the direction they want.

[yhiaali3]

It is truly amazing how politics shifts from one path to another path, quite simply. In his last term, Trump banned Bitcoin and cryptocurrencies, but in his next presidency he wants to mine all the remaining Bitcoin in the United States.

I believe that behind this proposal from Trump is a hidden plan to control Bitcoin and mining pools, in continuation of the US government’s plan to control Bitcoin, which they began through the regulations they imposed and through the ETF funds that received approval.

I think we are moving towards a plan to decentralize slowly and over the long term.

[bounceback]

It is truly amazing how politics shifts from one path to another path, quite simply. In his last term, Trump banned Bitcoin and cryptocurrencies, but in his next presidency he wants to mine all the remaining Bitcoin in the United States.

I believe that behind this proposal from Trump is a hidden plan to control Bitcoin and mining pools, in continuation of the US government’s plan to control Bitcoin, which they began through the regulations they imposed and through the ETF funds that received approval.

I think we are moving towards a plan to decentralize slowly and over the long term.

Its politician promising behind Donald Trump has his important mission how to get more voter from cryptocurrency holder specially in United State, actually Donald Trump have five years ago when becoming United State president but he not give any positive impact for bitcoin get more space in United State as legal payment digital transaction.
Right now Donald Trump want to make new regulation of bitcoin in United State one day later if success winning the election, I don't think bad for United State voter give him opportunity become United State president for next edition and waiting his promise will make bitcoin become more friendly transaction there?

[Faisal2202]

Looks like trump wants to incentive miners in the US, and probably make miners move to us.

He wants the crypto ecosystem to be welcomed there. Amazing!

Either he wants to make the US a mining haven for everyone or he will make hell for everyone to mine BTC in their regions either way I don't like the motive here. It's just a political move to confluence BTC or the crypto community into voting for him instead of any other leader. Actually, most of the young people are into crypto right now and they have a vote to give.

That's why this dude is targeting them means will show them what they need to show. Let me mention that Trump is a guy who knows who to reach his voice to his target audience last time if I am not wrong he manipulated Facebook recommendation system so two types of people would see two different campaigns of him one like the gun one not like the gun.

[yahoo62278]

I think it is one of the promises that can be believed. moving mining to the United States will be good, so that they can be forced in the future to implement blacklists or influence the network if all mining pools are suddenly closed, and moderate taxes can be imposed on them, in addition to the fact that these activities will provide directly or indirectly
I hope @philipma1957 gives us his opinion here.

Sadly, I think you're right here. I think the USA is trying to make sure they get all the tax money and other countries can fuck off. I don't feel like the USA having a Monopoly in the mining is in the best interest of the people or best interest of bitcoin. If the USA starts controlling shit, it's basically game over.

[Captain Corporate]

Basically he has seen that miners were getting a bit of pushback, and now he wants to make sure that he could get all their votes, its simple politics. If the %30 extra added tax thing (due to super high energy consumption that is) that would mean that Miners will of course not like that, and if Trump comes up and says "I am going to help you a lot, instead of hurt you" then he believes they will vote for him, and god knows maybe some will. But do not think for just a moment that he actually cares, nor he will do, because he had a lot of promises and he bailed out on them. Either politician isn't good ,bitcoin was created so we do not listen to them.

[hugeblack]

Any kind of centralization in Bitcoin cannot be good. The US already has too much influence on the Bitcoin ecosystem through various regulations, so it is certainly not a good idea for them to have even more dominant control.

Good for them, not for Bitcoin. If the Trump administration understood cryptocurrencies, they would certainly allow them to grow, while encouraging both mining pools and full nodes to be located within the United States. With cheap electricity and low taxes, they would ensure returns and some kind of control over Bitcoin.

[ABCbits]

If he intends to make that a reality, he should stop 30% mining tax proposal. Although when many years ago people concerned majority Bitcoin mining happens on China, people shouldn't be excited for this Trump's claim either.

[bitmover]

If he intends to make that a reality, he should stop 30% mining tax proposal. Although when many years ago people concerned majority Bitcoin mining happens on China, people shouldn't be excited for this Trump's claim either.

I think most things are better in a democracy compared to a dictatorship. At least there are laws that protect citizens privacy and other individual rights in the US.

I think it is one of the promises that can be believed. moving mining to the United States will be good, so that they can be forced in the future to implement blacklists or influence the network if all mining pools are suddenly closed, and moderate taxes can be imposed on them, in addition to the fact that these activities will provide directly or indirectly
I hope @philipma1957 gives us his opinion here.

Sadly, I think you're right here. I think the USA is trying to make sure they get all the tax money and other countries can fuck off. I don't feel like the USA having a Monopoly in the mining is in the best interest of the people or best interest of bitcoin. If the USA starts controlling shit, it's basically game over.

A possible problem here is that it should be easier to enforce address blacklisting for miners (avoid confirmations from blacklist addresses) when most miners are in your territory...

[Freemind]

Trump says, Trump wants, Trump promises... What Trump really wants is to have the presidency of the White House again, that is his main objective, and to achieve it he will say whatever he has to say, even if it is crazy things that no one can imagine. If Trump really wanted the remaining Bitcoins to be mined in the United States, during his previous presidency he would not only have offered very cheap electricity, but would also have offered tax discounts or even something resembling a tax haven for miners. Trump also had time to pardon Ross Ulbricht, but he didn't do it when he had the chance.

[Lucius]

Trump says, Trump wants, Trump promises... What Trump really wants is to have the presidency of the White House again, that is his main objective, and to achieve it he will say whatever he has to say, even if it is crazy things that no one can imagine. If Trump really wanted the remaining Bitcoins to be mined in the United States, during his previous presidency he would not only have offered very cheap electricity, but would also have offered tax discounts or even something resembling a tax haven for miners. Trump also had time to pardon Ross Ulbricht, but he didn't do it when he had the chance.

Who can believe a man who was ready for bloodshed to dispute the election results, and who says that in case of defeat something bad will not happen again? It is not clear to me why no one has asked him the question "Mr. President, will you allow BTC to become a legal tender in the US?" Why does it seem to me that the answer to this question could also be positive

[Freemind]

Who can believe a man who was ready for bloodshed to dispute the election results, and who says that in case of defeat something bad will not happen again? It is not clear to me why no one has asked him the question "Mr. President, will you allow BTC to become a legal tender in the US?" Why does it seem to me that the answer to this question could also be positive

Fortunately or unfortunately there are many people who believe Trump's every word. One of the many proofs of what I say is when Trump suggested an injection of disinfectant and ultraviolet light to combat Covid, the result was that more than 100 people were admitted to hospitals for ingesting bleach after Trump's words, and I think I remember that 2 people died. I don't believe a single word Trump says, he's just looking to win back his seat in the White House, and that's why he's willing to say or do anything that gets him more votes.

[Hamza2424]

Hmm, interesting. finally, someone daring even though this is not under execution just a political comment or thought but yup even someone thought about it, it shows now they are interested in some kind of developments. Good luck.

But here in our locality seems like such kind of statement needs a time span of 10 years to be given. Anyway, let's wait for the Action 7 implementation, until then stay strong.

[Lucius]

Who can believe a man who was ready for bloodshed to dispute the election results, and who says that in case of defeat something bad will not happen again? It is not clear to me why no one has asked him the question "Mr. President, will you allow BTC to become a legal tender in the US?" Why does it seem to me that the answer to this question could also be positive

Fortunately or unfortunately there are many people who believe Trump's every word. One of the many proofs of what I say is when Trump suggested an injection of disinfectant and ultraviolet light to combat Covid, the result was that more than 100 people were admitted to hospitals for ingesting bleach after Trump's words, and I think I remember that 2 people died. I don't believe a single word Trump says, he's just looking to win back his seat in the White House, and that's why he's willing to say or do anything that gets him more votes.

It's just one more gem in his glittering list of statements that have unfortunately resulted in human injury and death, but I think that information only applies to the US, and that many more people around the world have died and suffered injuries because of what he said. Most politicians are not aware (or don't care) of the fact that everything they say can have very serious consequences for some people.

I don't trust him either, and I'm afraid it will be very bad for everyone if he wins, but it won't be good if he loses either - because people like him never accept defeat. I just hope that the authorities have learned something from the past and that they will secure all institutions from the invasion of angry people who will seek justice through violence.