• myliltoehurts@lemm.ee
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    4 months ago

    Sorry, but I think you’re reading into my words something they didn’t say or imply. In fact I tried my best to avoid wording it in a way that implies crypto is a scam (because I don’t believe it myself).

    What you’ve quoted strictly implies 2 things:

    1. There are people who consider crypto a scam
    2. Everyone will regard crypto as a scam after trump’s future actions.

    The 2nd is definitely an exaggeration, but neither of them claim crypto is a scam only that it has an image that it is - which I maintain it does with a significant portion of people.

    I do think trump picked crypto as a target for his attention because it’s a volatile and under regulated market he may be able exploit to try to make money off of whoever listens to him. I hope I’m wrong though.

    • sugar_in_your_tea@sh.itjust.works
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      4 months ago

      I apologize, there’s a lot of anti-crypto group think here on Lemmy, and your comment read like that. There absolutely are a lot of crypto scams and reasons to dislike the technology generally, but there are real problems being solved and ways to use the technology productively, so I get a bit aggressive in pointing out that the group think is imprecise at best.

      The second being an exaggeration is what made it look like group think.

      trump… make money

      Idk, I honestly think his entire focus is on getting elected. Yeah, he wouldn’t say no to more money, but I think it’s in service of getting himself onto office again, not to get even more rich. I think he saw hating crypto as advantageous in the past, and now he sees supporting crypto as advantageous.

      Yeah, maybe it’s just a grift. I guess we’ll see.

      Here’s the evidence I see:

      • Trump and Biden are close in the polls
      • Trump speaks at the Libertarian convention (many are into crypto) and gets booed
      • with RFK in, the election could come down to a small number of votes

      I think he’s trying to convince conservative leaning libertarians, single-issue RFK voters (he’s pro-crypto too), and other fringe voters to vote for him instead of whatever protest vote they’d normally go with. He’s not trying to appeal to Biden voters, he’s trying to pull protest votes back in.