I'll repeat here a question I put in another HN thread. It's a question implicit in a statement. Am I right?
I think it is very likely he has no intent to sell. He doesn't need $16b he needs a lower figure, and he will secure that simply by the existence of the $16b, in some manner I dont entirely understand, and then its value is unrelated to the coin, and stands. He'll acquire real goods and property or rights over them, collateralise on that, and the secure an increase in value on them. The coin will only be guarantor over the life of some financial transaction.
If his $16b can secure $10b of external worth, which in turn increases to $11b, he winds up with $1b of untainted worth, independently of the $16b, he can be free of the $10b, keep the $1b and he's done. He won. "I didn't sell" can be true.
> In this case, Trump’s own supporters stand to potentially bear the cost.
Oh, that's the optimistic outcome, where the costs will at least be borne by the people who voluntarily chose to become involved as speculators. However I expect something worse.
It will be a way for Trump to accept bribes. People will send him cash in for government favors, using the counter-flow of coins as a flimsy disguise. Those people will technically be getting something of value in their purchase. (Being able to display a large collection will also be a secondary way to curry favor.)
Then the real cost of that will fall upon the rest of America, fallout of whatever Trump took bribe to do or not-do. Tax-dollars will be stolen or wasted. Good companies will be destroyed by cheating rivals with an unfair advantage. Scammers and fraudsters will be ignored. Consumers and environments will be poisoned.
As a side note, one of my pet peeves is that a lot of "privatize social security" contains a deceptive and fundamental change: Turning what is primarily an insurance plan against starving in a ditch into a invest in the stock market nothing could possibly go wrong plan.
The two things are different in important and fundamental ways.
I'll repeat here a question I put in another HN thread. It's a question implicit in a statement. Am I right?
I think it is very likely he has no intent to sell. He doesn't need $16b he needs a lower figure, and he will secure that simply by the existence of the $16b, in some manner I dont entirely understand, and then its value is unrelated to the coin, and stands. He'll acquire real goods and property or rights over them, collateralise on that, and the secure an increase in value on them. The coin will only be guarantor over the life of some financial transaction.
If his $16b can secure $10b of external worth, which in turn increases to $11b, he winds up with $1b of untainted worth, independently of the $16b, he can be free of the $10b, keep the $1b and he's done. He won. "I didn't sell" can be true.
> In this case, Trump’s own supporters stand to potentially bear the cost.
Oh, that's the optimistic outcome, where the costs will at least be borne by the people who voluntarily chose to become involved as speculators. However I expect something worse.
It will be a way for Trump to accept bribes. People will send him cash in for government favors, using the counter-flow of coins as a flimsy disguise. Those people will technically be getting something of value in their purchase. (Being able to display a large collection will also be a secondary way to curry favor.)
Then the real cost of that will fall upon the rest of America, fallout of whatever Trump took bribe to do or not-do. Tax-dollars will be stolen or wasted. Good companies will be destroyed by cheating rivals with an unfair advantage. Scammers and fraudsters will be ignored. Consumers and environments will be poisoned.
Privatize social security, with some requirement that some portion of ss taxes go to coins.
As a side note, one of my pet peeves is that a lot of "privatize social security" contains a deceptive and fundamental change: Turning what is primarily an insurance plan against starving in a ditch into a invest in the stock market nothing could possibly go wrong plan.
The two things are different in important and fundamental ways.