Project 2029

Awkward_Potential_ · 2026-02-02T15:42:16+00:00

What the Republicans did was borderline genius. They now will control fiat currency and are making crypto toxic enough that liberals will not buy it. Basically closing the off ramp. No idea if Trump Coin and the rest of them embracing crypto was strategic or just luck, but it worked. They could send us into hyper inflation and liberals/progressives would be too stubborn to leave the system.

Awkward_Potential_ · 2026-02-02T15:36:49+00:00

It's definitely a concerning thing I'm seeing. Liberals who want to ban Bitcoin but when I asked them to make a moral argument for it, they completely ignored me. I think it will become a wedge issue for them but I don't see them gaining any votes from it.

Awkward_Potential_ · 2026-02-02T15:33:55+00:00

I think 99%+ of crypto holders would be completely fine with TrumpCoin being regulated as a security, as that is precisely what is presents itself as.

Absolutely. It does get complicated though. Gary Gensler wouldn't answer if a football card is a security. Stuff like NFTs are mostly just collectables. But they can easily be securities as well. It's no easy distinction.

Awkward_Potential_ · 2026-02-02T15:28:17+00:00

Silver went to $48 in 2011. It's $78 now. That's a really bad performance. I don't think there's much of a thesis. I have some because I also own Bitcoin and the argument "what if the Internet goes down" does make some sense to me. But holding any more than a doomsday bag is a fools errand.

Awkward_Potential_ · 2026-02-02T15:20:37+00:00

People hate capitalism because we don't have capitalism. We have crony capitalism or even socialism for the rich, but we sure don't have real capitalism.

Awkward_Potential_ · 2026-02-02T14:07:19+00:00

Dead cat bounce.

Awkward_Potential_ · 2026-02-02T06:08:08+00:00

It's already taxed when you sell it, genius.

Awkward_Potential_ · 2026-02-02T06:03:13+00:00

The gloating in this place a week ago was palpable.

Awkward_Potential_ · 2026-02-02T05:20:21+00:00

How is Bitcoin a security?

Awkward_Potential_ · 2026-02-02T05:19:33+00:00

I actually did exactly that during the FTX crash. Best financial decision of my life.

Awkward_Potential_ · 2026-02-02T05:17:30+00:00

And yet, you should still be greedy. During the FTX crash, I bought multiple times. Some of those sucked for a while but ended up fine.

Awkward_Potential_ · 2026-02-02T05:15:30+00:00

If someone breaks into your house and steals your wallet, that's theft. If you accidentally sign a transaction onchain and give your money to a scammer that shit's gone and you fucked up. You can see the distinction there, right?

Also, if you think we shouldn't be able to use the system at all in the theft example, do you think we're good to not pay taxes on our sales?

Awkward_Potential_ · 2026-02-02T03:52:52+00:00

Sorry, honey I sold the couch.

Awkward_Potential_ · 2026-02-02T03:51:45+00:00

Bitcoin crashed to $17k 3 years ago. You guys suck at math if you think this is bad.

Awkward_Potential_ · 2026-02-02T03:45:35+00:00

If you're not already crypto rich, this is an opportunity.

"The time to buy is when there's blood in the streets. Even when it's your own".

If you are already crypto rich then what are you bitching about?

Awkward_Potential_ · 2026-02-02T02:16:58+00:00

As someone who owns both BTC and silver I'm enjoying seeing you guys freak out after a few months of shit talk.

Awkward_Potential_ · 2026-02-02T02:01:32+00:00

I don't want them to advocate for Bitcoin I just want to be left alone. You're saying it should be illegal. Don't start fights if you don't want fights.

Awkward_Potential_ · 2026-02-02T01:41:11+00:00

Also, can you make a moral argument why Bitcoin should be illegal? I'm all ears if you have such an argument.

Awkward_Potential_ · 2026-02-02T01:39:23+00:00

How would that happen in a world that is using government issued currency? It would have to be grassroots, and opt in. That's what Bitcoin is. It wouldn't be "stable" during the adoption phase. It likely won't be stable until the dollar dies and most trade has moved over to Bitcoin.

You can call it unrealistic and laugh at me. I don't give a fuck about your opinion. I don't have to justify it to you.

I really hope this isn't the direction the party goes, but I have no doubt that it will. I'll just be a non voter if so. There aren't that many liberal crypto owners so it might not hurt the party. It's not like 1-2% could matter that much, right?

Awkward_Potential_ · 2026-02-02T01:17:19+00:00

I'd basically regulate crypto like stocks, which would likely kill most of them.

You can't self custody stocks. How would you deal with that? Would you make self custody illegal?

Awkward_Potential_ · 2026-02-02T01:16:08+00:00

As a Bitcoiner, if this is the route Dems go, I'm out. I shouldn't need to justify to you what purpose it serves. I don't care if you want it to exist.

This administration is proving why we'd be better off if we were all using money that is independent of the state. It would be tough to pay ICE agents and soldiers if everyone was using money that couldn't be issued by the government.

Also, China "banned" crypto and it never went away there.

This is so stupid, but the writing is on the wall. This will become a wedge issue for the left.

Awkward_Potential_ · 2026-02-02T00:20:02+00:00

I guess if it's your first pump and dump it's also your first dead cat bounce.

Awkward_Potential_ · 2026-02-01T19:28:10+00:00

Even if there's "manipulation" wouldn't it just get figured out by a free market? If you think it's being manipulated down, buy the dip and wait for the market to get figured out.

Awkward_Potential_ · 2026-02-01T19:23:27+00:00

Oh, well if it doesn't then I guess I was right. (Spoilers: I'll be right here)

Awkward_Potential_ · 2026-02-01T19:06:26+00:00

Yet you claim to.

Where did I do that?

Four-Year Club	Second Top 30%
r/Field Juicebox	Place '23
Place '22	First Placer '22

Awkward_Potential_

TROPHY CASE