Category Archives: Donald Trump

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McAfee Claims: If in 2020 Presidential Race, “I Will Tell the Truth”

British-American computer programmer and businessman John McAfee has begun making pledges in his run up to the 2020 US presidential elections.

The founder of McAfee Anti Virus software and vocal cryptocurrency advocate stated recently that he would seek a nomination to run in the next US presidential election. In doing so, has expressed a clear aim to advance the stature of cryptocurrency and blockchain on the world’s financial stage. McAfee recently suggested that blockchain and crypto have given new freedoms to the working community who he sees as ‘hired slaves,’ arguing:

“If you want to send Bitcoin, Ethereum or Monero, who do I have to ask? Only the peer… We are creating a permissionless society…We are not slaves for our jobs, we are not slaves to the government, we are slaves to the entire system.”

In his latest pledge as a potential POTUS runner, which would be his second attempt to get his name on the ballot, he has vowed to “tell the truth,” despite also explaining that he has no chance or indeed no intention of actually winning anything. He commented in his latest tweet:

“In truth: the crowd doesn’t want the truth. It is why politicians lie. They cannot win by telling the truth. I don’t want to win POTUS. I just want the stage.”

Running on “Truth” would be a campaign which would certainly get some support in the present political climate in the US. Although, it would be highly unlikely that McAfee, seen by some as a maverick would progress. The comparisons to the potential of Donald Trump to become US President, turning back the clock, are there to be made, however. When questioned back in June about his chances in 2020, McAfee said:

“Don’t think that I have a chance of winning. I do not. But what truly changes America is not the president, but the process of creating one. If my following is sufficient I get to stand the world’s largest stage and talk to everyone, as I did last time, to tell the truth.”

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Bitcoin Googled More Than Taylor Swift, Stock Market, Donald Trump

Whether Bitcoin is celebrated by everybody or not, one thing is for sure: people can not stop talking about it. Between August 2017 and today, the number of times Bitcoin was Googled surpassed both pop icon Taylor Swift, and even the stock market.

In December 2017, when the value of Bitcoin reached nearly USD 20,000, it was searched for up to 25% more times than US President Donald Trump. Not to forget this was the month that Trump announced Jerusalem as the official capital of Israel, the Senate passed his significant tax reform legislation, and he sent out a series of Tweets condemning his own Federal Bureau of Investigation.

Tickets for Swift’s 2018 stadium tour went on sale on 13 December, but Bitcoin was pulling in around 70% more Google traffic than the pop star.

Interestingly, when the stock market experiences a slump, the number of times it is Googled increases, whereas Bitcoin sees an increase when there is a bull market. This perhaps indicates it is the younger generation losing interest in crypto when there does not appear to be big gains to be had, whereas the older generation that is more heavily invested in stocks for the long-term keeps a closer eye on their investments when they appear to be depreciating.

As well as this, for the majority of people consuming just mainstream media, the extremities of the market are only covered; while it may not be so intriguing to investigate what is being portrayed as a failing market on the verge of collapse, a 10% investment increase in 24 hours is far more interesting.

What can we take from this data?

While Bitcoin simply being Googled more times doesn’t provide any steadfast data regarding its popularity or give us any indication of a change in market price, there is no denying that the concept has entered and intrigued the general population. And that counts for a lot.

What the trends indicate is that there is still a ways to go in turning around the conversation to keep people confident in the market despite the inevitable downward trends.

Just keep in mind, last year Bitcoin was googled more than the US president for around a month. That is progress right there.

 

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Dennis Rodman’s Trip to US-North Korea Summit Potentially Sponsored by Potcoin

A spokesman for a cryptocurrency named PotCoin has confirmed that it is in talks with Dennis Rodman to potentially sponsor his trip to next week’s historic United States-North Korea summit in Singapore.

PotCoin has sponsored Dennis Rodman on a previous trip to North Korea in 2017. He was spotted in Beijing, China’s airport wearing PotCoin paraphernalia causing a PotCoin rally on the markets. The previous successful collaboration between PotCoin and Dennis Rodman makes it more credible that they will sponsor him again during this trip, although there is no official confirmation yet.

Potcoin & Dennis Rodman Spotted in Beijing. Stay Tuned … #DennisRodman #NorthKorea #POT #Rodman pic.twitter.com/naRSbSXDDq

— PotCoin (@PotCoin) June 13, 2017

PotCoin is a cryptocurrency which launched in 2014 with the goal of becoming the primary cryptocurrency for marijuana dispensaries and the legal marijuana industry in general. Its market cap is now in excess of USD 20 million. It has a total coin supply of 420,000, with a mining block reward of 420, paying tribute to the 420 ‘code-term’ for cannabis use.

The United States-North Korea summit has the potential to bring peace between North Korea and the Western powers, after a long period of threatening each other with nuclear annihilation. This will be the first time that President Donald Trump of the United States will be meeting with Kim Jong-un, the leader of North Korea, after years of aggressive talk between the two leaders which threatened to start a world war.

Dennis Rodman says he wants to be at the summit to provide moral support to President Trump and Kim Jong-un. He has developed a relationship with Kim over the course of several visits starting in 2013 when he visited North Korea as part of the Harlem Globetrotters. He has held Kim’s baby daughter and sung happy birthday at Kim’s birthday party. His visits to North Korea have generated much controversy and news headlines.

PotCoin’s development team says they are very supportive of Dennis Rodman’s controversial North Korea peace mission since it started in 2013, and they are thrilled at how much the situation between the United States and North Korea has improved since Dennis Rodman got involved.

PotCoin went as far as saying that Dennis Rodman deserves the Nobel Peace Prize, jointly with President Trump and Kim Jong-un.

 

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Economic Savant Martin Weiss Claims Crypto Safer Than Banks

Martin D Weiss, founder of Weiss Ratings Agency has made new predictions concerning proposed legislation aimed at making changes to the Volcker Rule, according to Weiss  Cryptocurrency Ratings.

Next week, US Congress is expected to move towards changing parts of the Dodd-Franks Law, known as the Volcker Rule, writes the New York Times.  The bill, aimed at watering down the legislation named after American economist and former US Federal Reserve Chairman Paul Volcker, would allow thousands of small and mid-size banks to avoid tougher oversight.

Similar legislation has already been passed by the Senate which will allow President Trump to amend the law if the new amendment is passed. The US president also signed a law on Monday nullifying a consumer rule intended to prevent discrimination in auto lending.

The Volcker Rule refers to a part of the Dodd-Frank Wall Street Reform and Consumer Protection Act, originally proposed by Paul Volcker in order to restrict United States banks from making certain kinds of speculative investments that do not benefit their customers.

According to Weiss, this will open the door for banks to take the kind of risks and trade the same sorts of assets which helped lead to the 2008 financial crisis, predicting that if the bill were passed, and the amendments come into law, investors would be compelled to move their money away from traditional banking.

Weiss suggests that this is the worst possible time for such a change in legislation, with risk-taking reaching new levels. He cites the JPMorgan Chase index as an example which has revealed that the debt of American companies has just posted one of their worst 100-day returns since 2000.

Weiss reflects on the apparent short memories of the US banking community, given the events of the global banking crisis when financial institutions helped create a historic speculative bubble in real estate, mortgages and mortgage-backed securities. Rich rewards were available for those banks and insurance companies prepared to take excessive risks.

In view of a revisit to the 2000s and a financial meltdown, Weiss suggests that banks will become once again unsound. He compares the bankless economy of many in the Third World who shun banks, often due to the corruption that comes hand in hand with institutionalized local banking, to the sound man’s thinking, “Better to park your money under the mattress or some equivalent”.

Weiss argues that “cryptocurrencies do such a fundamentally better job as a safe depository, it’s difficult to envision a world in which this technology does not become a game-changer for money and banking,” and adds a reminder that Bitcoin was invented in direct response to global government bailouts.

“This is why Satoshi Nakamoto, the inventor of Bitcoin, wrote on the very first Bitcoin block: ‘The time is 03/Jan/2009. Chancellor on brink of the second bailout for banks’,” he adds.

“At the very core of its design stands this one guiding principle: Everyone should own their money directly. Everyone should trade directly with whomever they please. No third party, no custody, no trust in a central authority.”

Weiss suggests there are two clear reasons why he thinks that Bitcoin hasn’t been more widely adopted today. Volatility remains an issue, which he feels will stabilize in time as liquidity grows, and a general lack of knowledge and information about the space, and “even fewer understand the advantages of cryptocurrencies in a wallet over money in a bank”.

 

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