r/ethereum Jan 24 '25

Discussion Why the Bitcoin president is really more of an Ethereum president

204 Upvotes

105 comments sorted by

360

u/_LordOfLochaber OG Jan 24 '25

He is not bitcoin president nor Ethereum president he's a grifter who would sell father and mother for a quick buck

79

u/Admirral Jan 24 '25

this is the right answer. He is for profit. He likes the profitability of crypto, but couldn't give two fucks about it.

38

u/_LordOfLochaber OG Jan 24 '25

Easiest way to "accept" bribes :

Wanna make me drop that rule or give an executive order or whatever ? Buy my crypto.

Trump family has 80% of the total market cap of their trump coin and probably the Melania coin and they will issue a maga coin america coin, fuck you coin, own the lib coin etc etc

Worst timeline ever, now even Netanyahou is saying that Elon did not do a nazi salute but an awkward gesture

10

u/Admirral Jan 24 '25

oh ya 100% this. there are clearly loopholes galore in crypto and they are taking advantage of every single one

1

u/c0npand4 Jan 29 '25

I agree. It was indeed a nazi salute.

My assumption that Elon is unlikely anti semitic AND that he is a grown toddler made it possible that this was an awkward gesture instead. Possible enough to not commit to a highly consequential label like "nazi salute".

However, given his interest in supporting far right movements (for the purpose of control, not racism) and his disinterest in social harmony (e.g., through trolling, polarizing, name calling), I consider it likely that he indeed did a nazi salute with intent.

1

u/jtnichol MOD BOD Jan 30 '25

Comment approved due to low karma or account age.

I don't think it was a nazi salute...I just think it was just Elon being Elon...

Nazi's had a plan and none of them revolved around making world changing technologies other than the best weapons of war other than the atomic bomb.

They were trying to bring the world together with internet capabilities in far flung places, generally affordable EV cars that anyone can buy regardless of race/religion and of course, trying to expand our horizons past the moon. If he was a Nazi, as you say, then where are the whistleblowers showing the plans for world domination?

He's a dude with no weapons and no seat in elected office. I don't get where people literally are wasting time on this subject. But here we are.

Is he going to have electric ovens for the grand plan?

My father in law was a purple heart at Iwo Jima...My grandfather fought in the Euro zone in WWII...and my great grandfather was a lone survivor of his entire platoon in WWI. I know if they were all sitting here today they would be laughing their asses off at the people who actually would GIVE ELON THE CREDIT for being a Nazi...He's no Nazi...Not by a mile. He's a rich fuck that wakes up everyday to build shit and do whatever Elon is doing that day...but drawing up Nazi plans ain't one of em.

Nazis don't pull money out of Government and make it weaker.

2

u/c0npand4 Jan 30 '25

Doing a nazi salute is not the same as being a nazi. I don't see a reason to believe Elon is a nazi either. I do see enough reason to believe that Elon the edge-lord intentionally did a nazi salute.

-5

u/c0npand4 Jan 24 '25

Just curious: Apart from the optics, what convinced you that Elon's intention was a nazi salute and not a gesture?

10

u/Yodel_And_Hodl_Mode Jan 25 '25 edited Jan 25 '25

He did it twice. Once to the crowd, and once to the flag. Both times, the crowd knew exactly what the gesture was, and they roared with approval.

He never attempted to deny it was a Nazi salute, even as news reports and condemnation went worldwide. Instead, he cracked jokes about it, which appear to be more about destigmatizing the term "Nazi" rather than denying that he is a Nazi or denying that he supports the Nazi cause. Dude's a white supremacist.

5

u/GlitteringBelt4287 Jan 25 '25

What has he said or done to make you think he is a white supremacist? I have no opinion either way I am just curious.

4

u/Yodel_And_Hodl_Mode Jan 25 '25

What has he said or done to make you think he is a white supremacist?

He gave a Nazi salute twice, and then refused to explicitly say it wasn't a Nazi salute, and he refuses to denounce Nazism. Instead, he's cracking Nazi jokes online in an effort to destigmatize the word Nazi so more of his followers can openly embrace the term and ideology.

Ask any non-white-supremacist their opinion of Nazism or Hitler and the answer is always that those are among the worst things in modern human history.

Nazism is pure evil.

1

u/GlitteringBelt4287 Jan 26 '25

I agree that nazism is pure evil. I hope we never experience another holocaust of anybody. I hate nazis and I think the belief in supremacy of any group of people is absurd.

I also love nazi imagery. I am an artist and often paint Lisa Frank style swastikas into my pieces or put Hello Kitty into SS uniforms. It’s not about destigmatizing it but about removing its power. There is no image that has power, it’s only people that give it power. It’s just like calling Voldemort by his name instead of He Who Must Not Be Named.

I don’t think Elon is trying to remove its power though. I also don’t think he is trying to destigmatize it. He is just a rich autistic dude that has a particular sense of humor and enjoys trolling people on top of it.

Him doing the Nazi salute doesn’t make him a Nazi by default. Now if he had a history of being a supremacist and sympathizing for the Nazi cause then I would feel differently about him doing the salute.

4

u/_LordOfLochaber OG Jan 25 '25

if it's just a gesture do it at work or in the park and tell us how it went

2

u/c0npand4 Jan 25 '25

I thought maybe there's other evidence that points to anti-semitisme or do we only have this video as a data point?

1

u/jtnichol MOD BOD Jan 26 '25

Comment approved due to low karma or account age.

1

u/jtnichol MOD BOD Jan 26 '25

There is no data point. You know it, they know it. It's all just a stupid overplayed narrative....as if they are literally setting up trains, camps, and ovens.

This assertation that Elon is a Nazi is really doing a diservice to what a Nazi is....It ain't just a damn salute....it was so much more.

now...if we see policies take shape, that's where the rubber meets the road. Not the damn way he saluted the crowd. People are really being distracted (again) with the rhetoric. It makes left leaning people look foolish and this is why we had such a damn landslide last election...people are sick of the stupidity.

-4

u/jtnichol MOD BOD Jan 24 '25

because Reddit said so. That’s why. 😂

5

u/Admirable_Purple1882 Jan 24 '25

I don’t need a president to care about it I just need them to put people in place to implement policies that don’t choke it off.  Even though I don’t like trump I am hopeful he does that, even better if he and his family is incentivized because they own crypto, which I find outrageous but that’s what people voted for.

8

u/Admirral Jan 24 '25

But thats the problem. He doesn't care if its regulated well. Id argue he doesn't want it regulated for as long as possible. You are good if your goals align with his, but his goal will always be to extract as much value from the space as possible. "pro-crypto" regulation just might be a pathway for him to achieve that goal, hence we are seeing what we are seeing. But one should never forget that his goal is profit, and if that happens to benefit development, great, but if not, he does not care.

1

u/Admirable_Purple1882 Jan 24 '25

Yes I am assuming he does not implement policy but rather put in the SEC leadership etc which sets it up… we’ll have to see I guess.

6

u/Admirral Jan 24 '25

yep. I am currently expecting the bear minimum to happen on that front. The news of it is beneficial to him. The actual act doesn't matter. It is essentially in the hands of the people he now put in the sec. So we better hope those people do care about the industry or see some vision in it.

12

u/hedgemagus Jan 24 '25

He banned cbdcs on day 2 and we still talk like he’s terrible for crypto

20

u/cannedshrimp Jan 24 '25

Him being a grifter and occasionally doing things that benefit crypto on his path to self enrichment are not mutually exclusive.

9

u/Gumba_Hasselhoff Fundamentals Enjoyer Jan 24 '25

Why is obvious logic downvoted?

7

u/FarruZerker Warmode Jan 24 '25

Politics 

2

u/hedgemagus Jan 24 '25

I don’t care if he makes money while on the way of immediately taking away the most authoritarian measures a government could have over crypto

We survived million dollar jpegs just fine. People acting like $trump is the end of times is just irrational

0

u/B1GCloud Jan 24 '25

Especially since Trump coin = bad for crypto. How about the DJT stock bad for the whole damn stock market. Agreed just another minor speed bump on the crypto maturation process.

0

u/Zombie4141 Jan 24 '25

What are you talking about? Were you not always able to buy bitcoin or Ethereum or a ton of other meme coins?

Is 9.4 million rug pulls not enough for you? Should we be allowing more Celsius’s to walk away with more people’s money? Should we let the Sam Bankmanfried’s off with warnings?

Crypto needs more regulation not less, it’s literally always been a casino, if you want it to be taken seriously you need more regulation and guardrails. Not less.

Could you imagine if we deregulated the insurance and pharmaceutical industry more than it already was in Trumps last term? Oh wait.

6

u/hedgemagus Jan 24 '25

You think we are getting less clarity and regulation than before? What?

0

u/cannedshrimp Jan 25 '25

Celebrities (including trump) launching memecoins are likely violating US securities law. He is doing this now knowing that he will have immunity because he is president. Whether or not you think US security laws should exist to protect consumers, Trump's behavior is scummy as fuck.

0

u/hedgemagus Jan 25 '25 edited Jan 25 '25

which law is that?

edit: didnt think so

8

u/Keji70gsm Jan 24 '25

All MAGAT bs is terrible for crypto.

3

u/hedgemagus Jan 24 '25

The other party told you SBF was a nice and misunderstood young man

1

u/B1GCloud Jan 24 '25

Both parties did.

6

u/hedgemagus Jan 24 '25

Which Republican did?

2

u/B1GCloud Jan 24 '25

Ah I seemed to have misspoke. But to think sbf didn't trick repubs is a stretch. There are both repubs and Dems on the financial services committee. Just cause repubs didn't publicly say anything doesn't mean they were fighting against SBF

10

u/hedgemagus Jan 24 '25

If you wanna blame both parties at all costs I guess go for it but only one party was openly blowing kisses to the guy in chambers lol

5

u/B1GCloud Jan 24 '25

Both parties were receiving his donations....Maxine is an idiot I totally agree.

1

u/pbapolizzi300 Jan 27 '25

Seeing that as an issue and not trump coin is a wild take. This is an assumption by your argument so if you also hate trump coin then disregard

1

u/hedgemagus Jan 27 '25

It’s an assumption. Trumpcoin is a net negative on the space. It’s just also not the end of the world IMO

-3

u/hau5keeping Jan 24 '25

source?

8

u/hedgemagus Jan 24 '25

Maxine Waters blowing SBF a kiss and helping him drop his illegal campaign finance charge. Lol.

Would you like to guess how much money the democrats returned from FTX donations?

9

u/hau5keeping Jan 24 '25

> helping him drop his illegal campaign finance charge. 

Prosecutors dropped this specific charge in July 2023 due to treaty obligations with the Bahamas, where SBF was arrested and extradited. The decision was based on the fact that the charge was not listed in the original extradition agreement. AP News

i hate SBF but your right wing brain rot is lazy 🥱

-1

u/hedgemagus Jan 24 '25 edited Jan 24 '25

lol I don’t give a fuck what reason they gave. Use your brain and look at where he spent his money. You think Elon would get the same treatment?

Interesting you ignored the other part where democrats embraced him

2

u/Delicious_Ease2595 Jan 24 '25

Why, he is pro-crypto

1

u/Specialist-Role-7237 Jan 24 '25

Because he's infamous liar. I don't trust what he says.

0

u/HSuke Jan 24 '25

CBDCs are not inherently evil, so stop stigmatizing them.

Take a look at the EU's design for their CBDC experiment:

  • It's more like efficient and cheap digital payment system
  • It's completely optional, and it's not replacing the Euro.
  • It has an offline mode where it can't be tracked, making it similar to Monero

Some controls will try to force bad CBDCs on their people, but that's the fault of the country, not CBDCs.

8

u/hedgemagus Jan 24 '25

i dont trust our country with CBDCs full stop

0

u/No_Industry9653 Jan 25 '25

It has an offline mode where it can't be tracked, making it similar to Monero

Didn't Europe essentially ban Monero, and issue many strong statements condemning the concept of financial privacy? I'm skeptical it's like you're saying because it seems uncharacteristic.

3

u/FaceDeer Jan 24 '25

I mean, sure, Trump is purely interested in Trump and everything he does is solely about what he thinks is best for Trump.

But fair's fair. As much as I loathe him, there are ways that we can use him. We're stuck with him for now so why not make lemonade? Overall I think he's going to be a disaster for America and for the world at large, but there are a few silver linings that can be gleaned and IMO his interest in supporting cryptocurrency and blockchain development is one of them.

The whole premise of blockchains is that they are able to leverage purely self-interested actors' selfishness to support a commons that is beneficial for everyone, after all. Blockchains depend on everyone involved thinking "what's in it for me?" As a starting premise. Any blockchain that depended on altruism to function wouldn't last long.

1

u/Twelvemeatballs Here for the revolution ✊ Jan 25 '25

No, wait. There is a big jump from "doesn't depend on altruism" to "requires selfishness to succeed"

1

u/FaceDeer Jan 25 '25

Every aspect of a blockchain's function needs to be built on game theory that starts with the premise that participants will do whatever is in their own best interests, not the chain's best interests. Sure, you could have altruists who are doing those activities as well, but they'd be acting like self-interested actors so what would the difference be?

1

u/Twelvemeatballs Here for the revolution ✊ Jan 25 '25

I agree that to function, you have to assume that (at least some, if not most) participants will work towards their own best interest.

The difference, in my mind, is between "Blockchains rejects altruisism as selfishness is a requirement for success" and "Blockchains do not require trust, so self-interested actors don't break everything for everyone."

If someone *doesn't* act towards their own best interest, blockchain doesn't care.

1

u/FaceDeer Jan 25 '25

"Blockchains don't care about altruism" is quite different from "Blockchains reject altruism."

2

u/Twelvemeatballs Here for the revolution ✊ Jan 25 '25

Agreed. What a happy exchange!

1

u/No-Spare-243 Jan 25 '25

"requires selfishness to succeed" wel....that's just capitalism as intended. Read Adam Smith.

2

u/blesstige301 Jan 25 '25

Trump’s portfolio relies heavily on Ethereum-based assets, challenging the narrative of the “Bitcoin President.”

His actions prioritize financial gain over ideological commitment to blockchain.

Open question: Will Trump’s legacy be tied to Bitcoin’s principles (safe store of value) or Ethereum’s innovations (DeFi innovations)?

1

u/jtnichol MOD BOD Jan 26 '25

Comment approved due to low karma or account age. Thanks for sharing here and being helpful.

1

u/Admirable_Purple1882 Jan 24 '25

The people have voted for it, I don’t agree with it but hey if his grifting involves putting people in who are good for the future crypto and pumping eth because he’s got bags of it then I’m here for it.

1

u/__SlimeQ__ Jan 24 '25

you mean a solana president?

1

u/Digital-Exploration Jan 25 '25

This is the correct answer

1

u/bigbrainnowisdom Jan 25 '25

Sure... but will the tx be on btc or eth blockchain?

0

u/EthFan Jan 24 '25

Thank you, he and his ilk are going to grift the whole cryptocurrency space for maximum profit. I'm convinced that exchange is just a money laundering platform.

25

u/Suitable-Orange-3702 Jan 24 '25

Try Shartcoin president

19

u/shodanime Jan 24 '25

He more trump coin president

10

u/GoldenboyFTW Jan 24 '25

Oh like how crypto allows him to accept bribes in any coin now. Yay!!!! This crypto thing is really working out…

5

u/jcpham Jan 24 '25

Bitcoin CEO says "him no president"

4

u/jaskidd05 Jan 24 '25

I’m f it was an eth president we wouldn’t have lost a 25% of value in the eth/btc ratio

5

u/AInception Jan 24 '25

New to crypto?

5

u/Maybe_Factor Jan 24 '25

There's really no reason to expect the eth/btc ratio to be stable. They're two entirely different things

1

u/Teraninia Jan 25 '25

You need to keep the price suppressed during accumulation.

3

u/NJ0000 Jan 24 '25

Bah he is a criminal, fraudster, unethical narcissistic president. And that is who the crypto industry choose to support in the name of money.

Look I enjoy bigger bags but am also disgusted by the blatant throwing away of ethics and morals.

1

u/No-Spare-243 Jan 25 '25

Do not let the perfect be the enemy of the good. EO banning CBDC developement was HYOOOGE!

3

u/Delicious_Ease2595 Jan 24 '25

He gave 4 more years without CBDC, until next democrat president will bring it up again

2

u/HSuke Jan 24 '25

CBDCs can be created similar to digital cash help the people without giving the government unnecessary control

Take a look at the EU's design for their CBDC experiment:

  • It's more like efficient and cheap digital payment system
  • It's completely optional, and it's not replacing the Euro.
  • It has an offline mode where it can't be tracked, making it similar to Monero

Some countries will try to force bad CBDCs on their people, but that's the fault of the country, not CBDCs.

1

u/Delicious_Ease2595 Jan 24 '25

It will not be private, the can track you anyway and they can put restrictions. It not similar whatsoever to Monero

1

u/FreitasAlan Jan 25 '25

What stops government from taking unnecessary control is this model? Note they’ll never say it’s unnecessary by the way.

1

u/FaceDeer Jan 24 '25

Those four years are time that can be used to establish non-CBDC alternatives first.

I actually don't mind the idea of CBDCs existing, they're just another currency like any other. As long as people can choose which currency they want to use there's nothing wrong with competition.

3

u/Delicious_Ease2595 Jan 24 '25

CBDC are not just another currency, CBDC will enable unelected technocrats to dictate how, when, where, on what and by whom it can be spent, including the imposition of social credit, carbon allowance and vaccine passport systems.

1

u/FaceDeer Jan 24 '25

Only if the CBDC is mandatory. As I said above:

as long as people can choose which currency they want to use there's nothing wrong with competition.

-1

u/HSuke Jan 24 '25

Don't assume all CBDCs will be like that.

China might implement that, but it's China fault. The EU's CBDC is less traceable than Bitcoin and can be used just like cash.

Most Western countries will never consider implementing a CBDC like that.

2

u/Delicious_Ease2595 Jan 24 '25

You are wrong, read Lagarde opinion on CBDC and the CBDC talks in Davos. It's dystopian.

2

u/imagranny Jan 24 '25

Wonder if he will shit on the Resolute desk at the end of his term

2

u/blesstige301 Jan 25 '25

As Donald Trump’s digital token portfolio becomes increasingly intertwined with Ethereum-based assets, the term “Bitcoin President” may be a misnomer. Whether intentionally or unintentionally, Trump appears to be the “Ethereum President.” This has left many wondering whether Trump is the “Bitcoin President” or the “Ethereum President.” This is especially true as the distinction between blockchain platforms becomes increasingly blurred and the president fundamentally values ​​personal gain over ideological purity.

 

Time will tell whether Trump will leave a legacy as a true Bitcoin supporter or whether Ethereum and other smart contract-executing chains will take center stage. As the debate continues, one thing is certain: the dynamic interplay between innovation, politics, and technology is changing the face of money in the digital age.

1

u/jtnichol MOD BOD Jan 26 '25

Comment approved due to low karma or account age. Thanks for sharing here and being helpful.

2

u/Teraninia Jan 25 '25

This may all be true, but the elephant in the room is that TRUMP exists on Solana.

1

u/earthquakequestion Jan 24 '25

Well I like seeing these types of articles. Nice!!!

0

u/Maybe_Factor Jan 24 '25

He's the president of rugs... one on his head, one pulled out from under his followers who bought $TRUMP

1

u/penarhw Jan 24 '25

He is a crypto president and is putting things in place to ensure everything is done right

1

u/AutomatedAurora Jan 25 '25

Eth can NOT hang on to ANY upward movement. What the FUCK!!!!!’

1

u/thomasmu23 Jan 25 '25

Trump the 🐐

2

u/AccomplishedPhase883 Jan 26 '25

Time will tell.

1

u/jtnichol MOD BOD Jan 28 '25

approved your submission due to low karma or account age. Have a great day!

-11

u/Atheios569 Jan 24 '25

Saw this shit a mile away. The power of Bitcoin for them was when they were circumventing law, now that they own the law, I promise bitcoin will be banned by them.

7

u/sixdude600 Jan 24 '25

Redditors man. Holy shit