Samson Mow, a prominent Bitcoin advocate, proposed six BTC-friendly ideas that he believes former President Donald Trump should consider if he aims to appeal to the crypto community. Mow’s suggestions are designed to boost Bitcoin’s role in the U.S. economy. Moreover, the BTC maximalist also urged Trump to make BTC tax-free.
Samson Mow’s 6 Bitcoin-Friendly Ideas For Trump
In a post on X, Samson Mow suggested the following ideas to Donald Trump.
1. Conversion of U.S. Debt to Sats:
Mow proposed converting the U.S. national debt to Bitcoin’s smallest unit, the satoshi, with $1 equating to one satoshi. This idea aims to integrate Bitcoin into traditional financial systems. Hence, it could potentially easing debt management and aligning with the growing trend of incorporating digital assets into traditional finance.
2. Lunar Bitcoin Mining Facility:
Another bold suggestion was the establishment of a Bitcoin mining facility on the Moon. While ambitious, this idea symbolizes the potential for BTC mining to expand beyond Earth. Moreover, it leveraging space resources for sustainable energy solutions. This could pave the way for future technological advancements in crypto mining.
3. Abolishing The Federal Reserve:
Mow proposed eliminating the Federal Reserve, a move that would drastically alter U.S. monetary policy. The idea stems from a belief that a decentralized system like Bitcoin could better serve as a store of value and medium of exchange. However, such a shift would be highly controversial and complex.
4. Inflation Reparations:
Samson Mow suggested that inflation reparations be made, possibly in Bitcoin, to compensate those adversely affected by inflation. This concept aims to address economic disparities and leverage Bitcoin’s stability as a potential solution.
5. Making BTC Tax-Free:
Additionally, Mow proposed that Bitcoin transactions be made tax-free, promoting greater adoption and use of Bitcoin without the barrier of tax implications. He emphasized, “Someone send this to Donald Trump on Truth Social,” pointing out that such a discussion would set his speech apart from Robert F. Kennedy Jr.
6. Omega Candle:
Mow also mentioned the “Omega Candle,” urging Trump to discuss it. The Omega Candle refers to a significant and rapid price movement in the Bitcoin market that could occur due to major economic shifts or policy changes. Mow’s reference to the Omega Candle underscores the potential for drastic price increases in Bitcoin, potentially driven by the adoption of some of the proposed policies.
Also Read: Peter Schiff Blasts RFK Jr’s Bitcoin Buy Plan As ‘Vote-Buying’ Strategy
New BTC ATH & Political Developments
Furthermore, Samson Mow highlighted the potential for Bitcoin to reach new all-time highs (ATH). He spotlighted that recent global economic trends could catalyze a new ATH. Rate cuts by central banks, including a 25 basis point reduction by the European Central Bank, are increasing global liquidity.
Moreover, the anticipated September rate cut by the U.S. Federal Reserve has sparked optimism in the crypto community. Additionally, rising national debts, such as the U.S. debt nearing $35 trillion, further intensify interest in alternative assets like Bitcoin. Mow highlighted this context, saying, “The breaking point is getting closer and closer.”
Senator Cynthia Lummis has also contributed to the Bitcoin conversation. During The Digital Chamber’s 10-year anniversary Nashville party, Lummis hinted at a major BTC announcement during the ongoing conference. Moreover, on X, she wrote, “Great to be in Nashville. Much to discuss.”
Whilst, The Digital Chamber’s post noted, “Senator Cynthia Lummis hinted at a significant #bitcoin announcement coming this Saturday. Stay tuned for more details.” Furthermore, Robert F. Kennedy Jr., a pro-crypto presidential candidate, has outlined a comprehensive plan to integrate Bitcoin into the U.S. economic strategy if elected.
His proposal includes transferring 200,000 BTC held by the government to the U.S. Treasury. It also involves purchasing additional BTC to accumulate a strategic reserve.
In addition, Trump is rumored to address BTC and potentially announce a strategic reserve plan at the Bitcoin Conference on July 27. Given that Kennedy has already proposed similar ideas, Mow proposed the above-mentioned ideas to Trump.
Also Read: Mt Gox Bitcoin Creditors Face Withdrawal Restriction On Bitstamp
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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Environmental implications have always been associated with the term “Cryptocurrency“. This is one of the reasons why many fintech experts were reluctant to endorse this channel – Bill Gates is one of them.
Over the years, crypto has added much value to the global financial system with its cutting-edge technology and ease of business across the globe. None is denying the detrimental effects on the environment, but so is the case with the automobile industry and many others – so do we stop using them altogether?
No! We step out of our zones and find solutions to practical problems. And this is precisely where Cryptocurrency is heading to. With the recent “Merge” update from Ethereum, it’s evident that crypto is serious about resolving environmental issues.
More and more tokens are being launched, and one of the core objectives is not to negatively impact the surroundings. Since an update from Ethereum, there’s been a 14% increase in its value in merely 24 hours.
This implies how associated, and linked people are to these advancements. We bring you the coins that are not only viable but don’t harm the community in any way. To start with, we’ve Big Eyes Coin (BIG) with us!
Big Eyes Coin (BIG) – Are you a cat or a dog person?
Big Eyes Coin (BIG) is a meme currency that promises to deliver the fun part, along with the utility side of it. It’s not just a coin, feeding on hype on social media and other such channels but purely relies on innate value to attract users. This is one dimension of how Big Eyes Coin (BIG) differs from other industry meme cryptos.
Another bright side is its potential to cash the already established fame around the name. This is a bonus that pretty much comes with all the meme coins. Statistics clearly state how clinically depressed the majority is, and there could be several reasons for that.
Meme coins work more like an extinguisher that not only neutralizes the mood but also elevates and enhances the quality of one’s life. These are the psychological benefits of holding Big Eyes Coin (BIG).
As far as the monetary side of it is concerned, it has far-reaching applications that meet the needs of each stratum of society. As of now, the coin is in the Presale period, but soon it’ll be launched. 80% of it would straightaway be made public to the masses.
Moreover, Big Eyes Coin (BIG) did raise 1 million USD to keep the project stable, and eyes for a million USD more. In total, it plans to launch 200,000,000,000 tokens. This enormous figure would help the community not liquidate, and the price would relatively be low, encapsulating a broad audience.
To bolster the platform, the liquidity pool will be locked for two years – this practice will ensure that the ones onboard are in safe hands and there’s nothing to worry about because Big Eyes Coin (BIG) takes charge and responsibility for long-term sustenance.
How is Big Eyes (BIG) a better option?
The problem with the major networks is that the gas fee involved at each corner is a real pain in the neck for the users. As with Ethereum, the only downside of it is its exorbitant fee that happens to repel the traders. However, Big Eyes Coin (BIG) promises to meet the community’s expectations by devising a tax-free plan.
This will be a network where nobody would have to pay for buying or selling their assets. The entire platform will be tax-free, at least for the time being. Even in later stages, the network ensures that a dynamic and flexible tax mode would be implemented not to burden the stakeholders. Service lies at the core of Big Eyes (BIG), and it takes pride in meeting the expectation of the people.
Big Eyes Coin (BIG) isn’t a threat to the environment. Instead, it advocates the idea of contributing to the environment. On the platform, 5% of the shares are reserved for donation. And this donation is primarily focused on assisting ocean-cleaning non-governmental organizations.
This means that everyone onboard will have a positive impact on the environment. Now is the time to serve the land and pay back for what it has blessed us with.
Big Eyes Coin (BIG) is the mission to help you leave a mark for future generations. You’re to rise above the ranks and be included in the list of people who thought beyond their identities and served the Earth.
There’s more to come down the road, and the ones linked to the idea of it are undoubtedly going to savour all of that. Do you want to be one of them? Join the bigger purpose and come over! Here’s how you can get hold of Big Eyes (BIG) without doing much.
How to buy Big Eyes (BIG)
Replicate the same steps we’ve enlisted here, and you’ll take off!
First: Install a digital wallet on your system (PC/Laptop). We prefer downloading MetaMask as it’s easy to use.
Second: Connect “MetaMask” with the “Big Eyes (BIG)” via the official website. You can have three options to buy Big Eyes (BIG)
- Buy Ethereum with the card
- Buy Big Eyes (BIG) with Ethereum
- Buy Big Eyes (BIG) with USDT
Please choose any of them.
Third: Wait until the presale is live. Once it goes off, the token will be launched.
There you go!
Dogecoin (DOGE) – Will It be in the spotlight again?
Dogecoin (DOGE) is a trendsetter in the world of meme coins. This trigger opened a new horizon for the developers and the memer community, who could now cash their passion, potentially making money out of it.
It was late 2013 when this was launched, but the chart stood cold for some years to come, with nothing extraordinary under its belt. Until 2019, Elon tossed it up on the internet, gaining much-needed traction, which then cashed like nothing. The prices went up by 213 percent and set a foundation for a new domain that could further be explored.
Dogecoin (DOGE) is based on a PoW (Proof of Work) consensus model. The primary issue with such a model is its extensive energy consumption. It demands massive processing power to compute the equations and mint them. It doesn’t add much value to the surroundings, which is why it plummeted to a negligible figure again this year. It’s currently sold at 0.06 USD.
Cronos (CRO) – Crypto intergration in the real world
Ethereum brings congestion issues to the table, and it practically is not feasible for the community to scale it up. One of the evident reasons is the gas fee, and the other one is its narrow bandwidth. This happens to be a significant hindrance in the Web 3.0 path. Cronos (CRO) provides a solution to this complex issue with adaptability on both networks.
It’s interoperable and allows stakeholders to port apps, decentralized applications, and more via this mode. Cronos (CRO) is the first of its kind that’s reliable and transparent. In addition to that, it’s feasible in monetary terms as compared to the Ethereum chain. On coinmarketcap, Cronos (CRO) ranks at #25 and is sold at approximately 0.11 USD.
Each of these coins meets specific criteria, but the ultimate objective is to resolve an issue or mitigate the likelihood of unwanted occurrences. Big Eyes (BIG) is a positive contribution to the oceans and opens a channel where everyone can be a part of a network that lives beyond their desires.
Dogecoin (DOGE) is fueled by the hype that may pump it up at the time, so it’s risky for anyone to get in. While Cronos (CRO) offers an alternative to the existing problem with the Ethereum chain. Based on the above arguments, we’re more inclined towards Big Eyes (BIG) – it’s an integration of both the possible extremes (fun & utility). For anyone, it’s a complete package that’s sufficient for the needs, either monetary or psychological.
Sponsored
Intel is dedicated to becoming a key player in the blockchain space. The multinational semiconductor manufacturer has unveiled its second-generation chip for proof-of-work crypto mining.
Intel launches Blockscale Technology that will enable energy-efficient Bitcoin mining
In a press release today, Intel revealed details of its new application-specific integrated circuit (ASIC), named Intel Blockscale ASIC. The chip is billed to be revolutionary in providing an energy-efficient solution to blockchain hashing.
The specifications of the second-generation mining chip include a dedicated secure hash algorithm-256 (SHA-256) ASIC processor that will reach up to 580 GH/s hash rate operating and up to 26 J/TH power efficiency. This would make it more energy-efficient than Bitmain’s Antminer S19J which has an energy efficiency of 34.5 joules per terahash.
Similarly, the ASIC will also feature on-chip temperature-and-voltage-sensing capabilities, and will support up to 256 integrated circuits per chain. It will also ship with reference hardware design and software stack to help point users in the right direction.
Jose Rios, general manager of Blockchain and Business Solutions in the Accelerated Computing Systems and Graphics Group at Intel, stated that the ASIC would be a game-changer for POW blockchains and especially Bitcoin. He said:
The Intel Blockscale ASIC is going to play a major role in helping bitcoin mining companies achieve both sustainability and hash rate scaling objectives in the years ahead.
Argo Blockchain, Block Inc., Hive Blockchain Technologies, and GRIID Infrastructure will be among the first customers to lay hands on the chip when it starts to ship in Q3 of this year.
Meanwhile, this is the second ASIC Intel has released this year that will be dedicated to energy-efficient crypto mining. Back in February, the California-based company released Bonanza Mine (BZM), a first-generation ASIC.
Intel’s vice president and general manager of Custom Compute in the Accelerated Computing Systems and Graphics Group, Balaji Kanigicherla, disclosed that the company is bringing its years of R&D in cryptography, hashing techniques, and ultra-low voltage circuits to bear on the blockchain industry.
Ultimately, the company sees miners moving away from using energy-consuming GPUs, while also scaling their operations without higher energy consumption.
Other energy efficiency Bitcoin mining solutions are being considered
Asides from Intel’s approach, other solutions to the high energy consumption of the Bitcoin and crypto mining industry as well as its use of fossil fuels are also being seriously considered. According to a report by the Australian, Bengal Energy, a Canadian oil and gas miner, is set to begin its trial project of accessing formerly “stranded” gas wells with portable Bitcoin mining rigs.
Meanwhile, on the flip side, Greenpeace has started a campaign supported by Chris Larsen, the founder of Ripple, to change Bitcoin’s consensus mechanism from proof-of-work to proof-of-stake.
Disclaimer
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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