The importance of the government’s blessing for supposedly regulator-friendly cryptocurrencies like Ripple (XRP) and its horde of social media shills cannot be overstated.
Donald Trump is not a fan of crypto.
That’s all there is to that.
A rift between the crypto community and the alt-right community who elevated Trump is brewing if nothing else.
More than that, Democrats have a shot at swaying cryptocurrency backers who would otherwise prefer conservative policy.
For example, many cryptocurrency early adopters skew libertarian. They would prefer a conservative at the helm of the nation. But our pocketbooks come first.
Let’s not lie. This is America – we vote for our wallets.
That being the case, Ripple supporters would do better to find candidates who want to help XRP.
Instead, they spent the past day on Twitter shilling than harder ever. Some even shilled the at the president directly, as though he understands the nuances between the various flavors of blockchain technology.
Ripple’s proponents frequently defend its qualifications as a cryptocurrency, despite allegations of centralization.
It does, after all, use a blockchain (of sorts).
More centralized blockchains than Ripple have emerged and seen user adoption. Decentralization is not the only metric to judge a crypto product by.
For those who’ve used it, Ripple is speedy. Its larger goal as a bank settlement layer may be years off, but in the present, it might not be a bad idea for the cryptocurrency’s army of shills to consider what they’re saying.
Donald Trump doesn’t like cryptocurrencies. Deal with it.
You can’t expect a man to be all things to all people.
He’s got his own masters to please first.
Remember, a blockchain world puts people like Trump on an even playing field in many ways for the first time.
Therefore, they don’t have an immediate incentive to support if it seems they could feasibly get rid of it.
But let’s be real: cryptocurrency isn’t going anywhere. It’s simply not.
Anyone who hopes it might should forget about it.
Both semi-centralized and fully decentralized blockchains have a place in the future. New middlemen will replace old ones, but the end result will be a greater variety of choice for everyone.
Donald Trump’s entire generation can stand against cryptocurrency if they like. It won’t do anything to slow down the development, spread, and adoption of the technology.
But government policy isn’t something to pin your hopes to, either, Ripple shill.
So pipe down and realize you’ve got more in common with a Bitcoin proponent than not now that the leader of the free world thinks you’re probably some kind of criminal.
Disclaimer: The views expressed in the article are solely those of the author and do not represent those of, nor should they be attributed to, CCN.com.