Internet development brought together leading Internet companies to the United States which helped strengthen the United States position as a world leader. The acts related to the US elections are increasingly affecting the worlds nerves because the US election essentially chooses the future for Peace and Prosperity for Humanity.
Why will Cryptocurrency be important in the future?
Cryptocurrency is the future, and it has become a consensus among more and more people from all walks of life. Domestic issues in the United States are infected with lack of journalism ethics, as well as, each party has its reasoning for exploiting the failures of the media. As a foreigner, I have no actual feelings about them and there is no way to judge them.
Cryptocurrency is an international issue, and it is relatively simple to judge. Whoever supports cryptocurrency represents progress, and vice versa represents old fashion monetary stagnation ,black-markets and government controls. Money doesn’t sleep, it goes to the safest location and highest ROI (Return On Investment). Tax Burdens and inefficient use of tax dollars by the government, drives money elsewhere.
The advantage of cryptocurrency is that it is easy to regulate. Bitcoin does not need to be regulated nor can be regulated. This is the quandary. If cryptocurrency is widely used, it will mean lower taxes which cannot support a massive government. So tax law must be eliminated as it is written today. The quandary is: many private sector jobs and the entire country’s government programs and jobs require tax dollars. Thus, creating a smooth transition in the tax code before it crashes completely is the goal.
We’ve heard President Trump say that if he wins the presidential election in November, he intends to set up a government efficiency commission to review government spending and study how to reduce spending. In my opinion, that is a start, but without a smart efficient honest transition with actual solutions utilizing cryptocurrency, the traditional sector which relies on their power and lifestyle will fercely oppose this effort.
Trump has mentioned he will appoint entrepreneur Elon Musk as the head of the commission. Whether this is good or not depends on who Elon aligns with for his advice from the crypto sector. Lowering taxes is fundamental to economic development. Efficiencies are very important as it curbs stagnation, desires for black-markets and need for government controls, which reduce management costs.
It is more efficient to let money be in the hands of people whose own desire on how to use it and/or those who invest for developments in ideas and business over government inefficiency and corruption driving ideas and business.
Social programs are much needed but not government inefficiencies and corruption in these sectors either. Governments feel no pain when spending money without responsibility or consequences. The more such money without consequences the government has, the easier it is for corruption to scale. Thus, corruption increases, the concentration of power increases the value of power and causes the worship of power. Not only will fairness not be obtained, but even freedoms will be lost.
“The United States must become the global capital of cryptocurrency.” It looks like President Trump accepts new things. The question is, who will advise him in the transition stated above? Only in this way can he ensure that the United States effectively leads for peace and prosperity.
In an interview with Fox Business, President Trump proposed that Bitcoin could be used to repay the US $35 trillion in national debt, which coincides with my proposal made two years ago. Others have mentioned this as well. It is a financial revolution which needs to be well thought out and implemented with many of the brightest and best to make sure its implementation accomplishes what is stated above. Readers can refer to my articles “The New World Needs a Standard Coin with Unchanging Scale” and “Dollar Based on Bitcoin Standard” and other articles on the Chainless website. I would be proud to participate in discussions with Elon or others on this.
President Trump mentioned this to ensure that the crypto- financial revolution would take place in the United States and would be led by the United States. President Trump is not a crypto expert, but he has good judgment. He wants to set up an advisory committee and listen to experts and their opinions. Governments bring in lobbyists. President Trump seems to be going around that system by bringing in experts such as Robert Kennedy Jr for Health Solutions, as well as others, who have not been in government or aligned with lobbyists for advice. This is revolutionary also.
When facing a changing situation, industry experts need to make collective decisions, and the United States and mankind have reached this historical juncture. If the main problem is to make repairs during a stable development period, then politicians acting like professional managers following the rules set by predecessors, may be more suitable. But we are not currently in stable times.
Looking at the Democratic Party, Kamala Harris does not have a clear cryptocurrency policy or a way to implement as of today. Therefore, we infer that she will continue Biden’s policies, which are not good for cryptocurrencies, America or the World.
The crypto-financial regulation that began in 2021 has brought huge losses of hundreds of billions of dollars in cryptocurrencies. Readers can refer to my description of this issue. Behind the Scenes of the US Securities and Exchange Commission’s Approval of Bitcoin ETFs. The cryptocurrency markets recovery is conducive to big capital and no current policy supports innovation. The SEC regulates cryptocurrencies in the same way as it regulates companies, with extreme centralized decision-making.
“While America approved the listing and trading of specific spot bitcoin ETFs, it did not approve or endorse Bitcoin.” This could not have come from someone who understood cryptocurrencies.I doubt that Gary Gensler is a pseudo-expert on crypto. In My Opinion, Gensler does not understand the difference between consensus assets and fiat assets. Ask yourself, does the value of gold need to be recognized and approved by the SEC? Answer is No. Similarly, Bitcoin does not need to either.
Gold and Bitcoin are consensus assets, and the market recognizes their values after many years of consensus building. Fiat assets are credit assets and need credit endorsement. Gensler’s knowledge level seems to be limited or influenced by others. He does not respect the opinions of the crypto community in my opinion and has refused meetings from some who could advise him, according to what some have stated to me . We have not heard the Democratic Party mentioning an advisory committee. There has been no legislation favorable to cryptocurrencies in the past 4 years. The method of defining securities in the 1930s is being used to regulate cryptocurrencies.
As a result, Meme coins based on sentimental value without real value have become popular and projects with real application innovation have been suppressed.
In recent years, no new applications or innovations in cryptocurrencies exist in the United States. Still,the world is developing in full swing. These results are related to US policies? Gensler’s regulation is arbitrary, and the reasons for approval are inconsistent and greatly influenced by politics. The policy results are beneficial to big capital but not to the development of the industry. The rise of El Salvador and the emergence of multiple clearing systems threaten the future of the United States.
In case the United States cannot lead this financial revolution, a financial revolution akin to rural encirclement of cities will be repeated, and a new world structure will emerge. The original model cannot go on, and the new model does not need professional manager-style politicians making decisions. The consequences of the US not leading this revolution has probabilities of more dire economic situations, which will cause internal chaos, civil wars, border wars and possibly a world war. Solutions are available and Cryptocurrency seems at the forefront of leading towards peace and prosperity.
The picture of President Trump standing up and cheering when he was shot was an expression of true courage, which moved me very much and filled my heart with admiration for him. Despite facing four lawsuits, President Trump remains fearless and relentless for achieving goals. His resilience and courage are admirable. His ability to stand strong under pressure is a testament to his leadership. On reflection, I could not do it, either.
The United States is the leader of the world. The US policy world will follow it, especially for cryptocurrencies. This as his goal for the greatness of the United States and not for himself, believing whole heartedly, in my opinion, he can create peace and prosperity for the world. He has put on the battle gear again at the age of 78 to lead solutions away from inefficiencies and corruption.
His fight is the world’s fight, in my opinion. America’s great ideals are colliding with un-American ideals within its borders. President Trump, potentially the most important President of the world’s time, could help create peace and prosperity.
Cryptocurrency policy will play a crucial role in this. I respect his effort and courage, and I believe others do as well. Those who use logic and critical thinking in deducing who can bring peace and prosperity to the world, and who understand the potential of cryptocurrencies to eliminate inefficiencies and corruption, are the ones who will feel empowered and intelligent in supporting him.
I admire that he did not institute new wars and encouraged dialogue and peace with transitioning counties, even those who have internal pressures themselves to create war such as North Korea, during his four years in office. He is one of the few American Presidents who did not start a new war during his tenure. Therefore, as one of the foreign cryptocurrency enthusiasts, I call on American crypto enthusiasts to support him so he can lead the world to a bright future.
Come All, United in Trust, Compassionate, And Forgiving! Let’s stand together in our support for President Trump, confident in our shared vision for a better future.
If President Trump is re-elected, cryptocurrency has the possibility to help bring peace and prosperity to the world and usher in a new spring.
The world will change for the better with President Trump In My Opinion!!!
#BTC #DW20 #Satoshi @DW20 @soghita326134 @zhuweisha21
