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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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54002554 No.54002554 [Reply] [Original]

Why does old demented retard and his handlers in the US government hate cryptocurrency so much while other governments are seemingly developing decent cryptocurrency legislation (the UK and EU with MiCA?

https://twitter.com/WatcherGuru/status/1633945493452496897?t=XihwZwvdkYO-ZjFVkZuJdw&s=19

>> No.54002608

>>54002554
Because they don't want crypto to threaten the hegemony of the US dollar

>> No.54002682

>>54002554
Cool I'll just say I'm growing weed with my electricity instead

>> No.54002711

>>54002608
but they themselves rugged the dollar with inflation

>> No.54002738

That would make the price go up. We're all going to make it bros

>> No.54002788

>>54002711
They can

>> No.54002822

>>54002554
how do you even tax electricity?
don't they mean 30% tax on domestically mined bitcorns?

>> No.54002872

>>54002822
I work for a Bitcoin mining company. I assume he means they should tax our facility itself based on the cost pf the electricity bill we accrue in our miner hosting services. This is like tens of thousands a month at least and usually our clients cover most of it since we host their machines at our facilities and they keep the revenue mined in their own wallets. Not sure how much this would affect us but even small price differences in electricity can add up very fast.

>> No.54002888

>>54002554
So all US miners will move elsewhere. Way to fall even further behind retard

>> No.54002965
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54002965

>>54002554
Fuck this gay nigger government. We need Hitler 2.0 NOW

>> No.54003171

>>54002682
I'm printing pro-trans flyers all day long, what's your excuse?

>> No.54003265

Dont BTC miners pay for the electricity they use? why is it the miners fault that electric companies don't spend profits on building a more expensive and less efficient energy infrastructure?

The electric companies themselves will lobby this off the table.

>> No.54003271

>>54002554
Because they're convinced that crypto is a money laundering operation that helps muh russia.

>> No.54003382

>>54002872
So… Biden shuts down mining operations -> Bitcoin enters the market more slowly -> Bitcoin price goes up more quickly
This is bullish for BTC

>> No.54003416

>>54002554
How would you even enforce it?

>> No.54003417

>>54002554
how do u enforce it
also diffcult adjusts

>> No.54003560

>>54003382
>Bitcoin enters the market more slowly -> Bitcoin price goes up more quickly
??? can you explain this copium?

>> No.54003587

>>54003382
>Biden shuts down mining operations -> Bitcoin enters the market more slowly
ffs watch a youtube video or read an article on proof of work you dumb cunt

>> No.54003628

>>54002554
because they are wagies.
simple as.

>> No.54003689

>>54003560
>can you explain supply and demand
Not to a retard.

>> No.54003702

The US enforces energy homogeneity with the petrodollar still, in 2023, it’s beneficial to us to force other countries to use more resources mining play money just to turn it back into dollars to do it all again. Meanwhile we pay intelligent US employees to map the future war in the artic so we can win it and mine the oil there too in the future.

Oil futures priced in RMB are the second leading currency to exchange in globally, with a ~20% market share, meanwhile dollar denominated oil futures make up nearly 70%.

>> No.54003708
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54003708

>>54002554
just when i think biden has gone crazy, he goes and does something unbelievably based.

>> No.54003711

>>54003587
Learn simple supply and demand moron. Why do you think halvings are such a big deal? Biden is proposing a forced halving.

>> No.54003744

>>54003689
block reward is fixed, bitcoin enters the market at the same rate regardless of hash rate

>> No.54003783

>>54003689
Seriously, calling others retards without even a basic conception of the blockchain, only in /biz/...

>> No.54003817

>>54002554
based take it out central baseders
its time for proof of work 2 save da woild from carbon

>> No.54003818
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54003818

>>54002554
Bring back Trump

>> No.54004255

>>54002608
because they dont want american voters to threaten their jobs as career politicians. its their only hold on their elite position. they are afraid. soon they will mostly die of old age. what will they do

if i were them id be turning sides and trying my hardest to redeem myself like trump

life is temporal

>> No.54004274

>>54002711
you do know its just career politicians getting bribes from chinks and cartels and other bad actors right.

their end goal is to hold onto their position. the trump thing freaked them out.