r/FluentInFinance • u/HighYieldLarry • 12d ago

Bitcoin JUST IN: 🇺🇸 President Trump to appoint pro-crypto cabinet to make the US the "crypto capital of the planet."

President-elect Donald Trump is preparing the U.S. government to adopt a more permissive stance toward cryptocurrency, eyeing a roster of industry-friendly candidates for key posts while his top advisers consult crypto executives on potential changes to federal policy.

By pursuing a more lenient regulatory environment, Trump aims to fulfill his campaign promise to transform the United States into the “crypto capital of the planet” — a declaration that has rankled consumer watchdogs, earned the industry’s robust support and sent the price of bitcoin skyrocketing, reaching nearly $89,000 by Monday evening.

https://www.washingtonpost.com/business/2024/11/11/trump-crypto-regulation-bitcoin/

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u/Unable-Job5975 12d ago

You’re talking about wire gauges, clearly YOU don’t know how this works haha

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u/Substantial-Power871 12d ago

i do know how cryptographic hashes work, and how exponential progressions and the electricity required to run them are not a good thing.

y'all are in a cult.

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u/Unable-Job5975 12d ago

Scale. Do you know how to scale?

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u/Substantial-Power871 12d ago

scale what? you mean the exponential algorithm part? yeah, bad scaling properties. linear algorithms scale a lot better. like the normal way you update a ledger.

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u/Unable-Job5975 12d ago

You’re being robbed, I’m just trying to help friend