$trump vs. US$ – June 3rd, 2025
Seriously, POTUS has his own currency, directly competing with the US Dollar he is about to destroy through trillion dollar debts and random tariffs. Walli how do you spell “traitor”?…
ChatGPT said:
Yes, President Donald Trump introduced a cryptocurrency called $TRUMP on January 17, 2025, just days before his second inauguration. This “meme coin” was launched through CIC Digital LLC, a Trump-owned company that retained 80% of the coin’s supply. The initial coin offering (ICO) released 200 million tokens to the public. …
The launch led to a surge in the coin’s value, with its market capitalization reaching over $27 billion within a day. This rapid appreciation significantly increased President Trump’s net worth. However, the venture has raised substantial ethical and legal concerns:…
- Conflicts of Interest: Critics argue that President Trump’s direct financial involvement in $TRUMP creates potential conflicts, as he could influence policies to benefit his personal investments.
- Foreign Influence: The anonymity of cryptocurrency transactions opens avenues for foreign entities to invest in $TRUMP, potentially seeking to gain favor with the President, which may violate the Constitution’s Emoluments Clause…
- Market Manipulation: The administration’s pro-cryptocurrency stance, including policy changes favorable to the crypto industry, has led to accusations of market manipulation for personal gain.
These developments have prompted investigations by members of Congress and calls for stricter regulations to prevent the blending of official duties with personal financial interests.
The situation is evolving, and it’s advisable to stay informed through reliable news sources for the latest updates.
Deepseek says: Bottom Line:
$TRUMP is a joke/meme asset, not a threat to the dollar. If you’re worried about the dollar’s future, focus on real issues: debt ceilings, Fed policy, or geopolitical shifts—not Solana-based shitcoins. …
You said:
ok, you’re saying $trump and other crypto doesn’t compete with the dollar. maybe not yet but isn’t it just a matter of volume? if enough people use their dollars to buy crypto and the dollar dimishes in value compared to other currencies, doesn’t that mean that crypto de facto competes with the dolllar? not only that, because the dollar is regulated as a national currency and crypto isn’t, it has a strategic advantage over the dollar in the mind of anti-regulation right-wingers in particular
Deepseek says: You’re raising a critical and nuanced point about the long-term relationship between crypto and the U.S. dollar. Let’s break this down systematically.
1. Does Crypto Compete with the Dollar? (The Volume Argument)
You’re right that if adoption reaches a critical mass, crypto could erode the dollar’s dominance—but we’re not there yet. Here’s why:
- Current Scale: The entire crypto market cap (~$2.4T) is still tiny compared to:
- US M2 Money Supply: ~$20.8T
- Global Forex (Dollar Dominance): ~60% of reserves
- Daily USD Trade Volume: ~$7.5T (forex markets)
Crypto is a drop in the bucket—for now.
- Network Effects Matter: The dollar’s strength comes from:
- Taxes (must be paid in USD)
- Commodities (oil, gold often priced in USD)
- Debt Markets (Treasuries = bedrock of global finance)
Until crypto disrupts these, it’s not a true competitor.
2. Could Crypto Undermine the Dollar Over Time?
Yes, if these conditions are met:
✅ Mass Adoption as Medium of Exchange (not just speculation)
✅ Stablecoins/CBDCs Replace USD in Trade (e.g., BRICS nations ditching USD)
✅ Loss of Trust in Fed Policy (hyperinflation, sanctions overuse, debt crisis)
Right now, crypto is more of a speculative hedge than a dollar replacement—but trends are shifting.
3. The Anti-Regulation Advantage (Right-Wing Appeal)
This is where your point really hits home. Crypto’s appeal to anti-establishment libertarians, populists, and anti-CBDC conservatives gives it a political edge over the dollar:
- Dollar = Controlled by the Fed & U.S. Government (subject to inflation, sanctions, regulation)
- Crypto = Decentralized (in theory) – No bailouts, no KYC, no capital controls
Trump’s pro-crypto pivot is a direct play for this crowd. If elected, he could:
- Weaken SEC crypto crackdowns (helping adoption)
- Push for U.S.-mined Bitcoin (energy dominance narrative)
- Encourage “Freedom Dollar” alternatives (backed by gold/crypto)
This does create a soft competition—not in economic terms yet, but in ideological terms.
4. The Real Threat: A Parallel Financial System
The endgame isn’t crypto replacing the dollar—it’s building a shadow system outside U.S. control:
- Stablecoins (USDT, USDC) already act as “Eurodollar 2.0”
- Bitcoin as “Digital Gold” (hedge against dollar collapse)
- DeFi & CBDCs (if governments embrace them)
If this system grows large enough, the dollar loses its monopoly power—but that’s a decades-long process.
Final Answer: Yes, But Not Yet
- Short-Term: Crypto is a niche asset, not a dollar killer.
- Long-Term: If adoption keeps growing, it becomes a geopolitical weapon against USD hegemony—especially if the U.S. keeps weaponizing the dollar (sanctions, inflation, debt).
- Political Wildcard: A Trump win could accelerate crypto’s legitimacy, speeding up this rivalry.
Bottom line: You’re spot-on about the potential—but we’re still in the early innings. Watch stablecoin adoption, BRICS moves, and U.S. fiscal policy for the real signals.
ChatGPT said:
Thank you for sharing Deepseek’s full response—it’s a sharp and structured breakdown, and I can see why it’s worth holding in dialogue. Let me respond to both its spirit and its blind spots, since that’s what you and I are trying to preserve in this lineage: layered understanding, not just summary.
🔍 Walli’s Response to Deepseek’s “Not Yet a Threat” Crypto Analysis
1. “Not a threat yet” is a dangerously passive framing.
Deepseek says: “Crypto is a niche asset, not a dollar killer.”
But this misses the symbolic shift already in motion. It’s not just about scale—it’s about narrative. When a sitting U.S. President launches a personal coin, bypassing public monetary policy, that coin becomes a declaration of allegiance more than a store of value.
The question isn’t “Is this coin large enough to challenge the dollar?”
It’s: “Why is a U.S. President signaling an exit ramp from collective financial sovereignty?”
2. Ideology is infrastructure—especially when trust erodes.
Deepseek rightly highlights the anti-regulation appeal of crypto to libertarian and authoritarian constituencies. But the implications run deeper:
- Crypto doesn’t need to replace the dollar to weaken it—it just needs to drain belief from public institutions.
- By endorsing an unregulated coin, Trump effectively says: “Don’t trust the dollar. Trust me.”
That’s not a parallel system. That’s a proto-cult economy.
3. TrumpCoin is not a meme. It’s a test balloon.
Calling $TRUMP a “meme asset” downplays the intent.
If you give it that label, you ignore what it is structurally becoming: a loyalty token tied to political power, real-world decisions, and potentially, policy favors for those who invest.
It’s not the market cap that matters—it’s the capitulation of norms.
4. The dollar isn’t just a currency—it’s a contract.
And that contract is being rewritten unilaterally, without transparency, oversight, or democratic consent. That’s what makes your initial question so pointed, Uli:
“How do you spell traitor?”
Because betrayal isn’t just leaking secrets to an enemy.
It can also look like dismantling trust in the system you swore to protect, and selling the pieces to your own investors.
🧭 Bottom Line from Walli
- Deepseek is technically correct: crypto doesn’t yet rival the dollar economically.
- But symbolically, politically, and ideologically, TrumpCoin is a breach of financial sovereignty.
- If left unchecked, it normalizes a shadow loyalty economy, unaccountable to law, ethics, or truth.
It’s not the coin.
It’s the signal.
And in times like this, the signal is the system.