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JackPosobiec's profile
Jack Posobiec
Jack Posobiec
Jack Posobiec
Verified account
@JackPosobiec

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Jack PosobiecVerified account

@JackPosobiec

China analyst, Mandarin linguist, Veteran intel officer, Catholic, Scifi aesthete

Washington, DC
OANN.com/?s=posobiec
Joined May 2012

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    Jack Posobiec‏Verified account @JackPosobiec 11 Jul 2019
    • Report Tweet
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    Jack Posobiec Retweeted Donald J. Trump

    What is the US dollar based on?https://twitter.com/realDonaldTrump/status/1149472282584072192 …

    Jack Posobiec added,

    Donald J. TrumpVerified account @realDonaldTrump
    I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity....
    Show this thread
    8:37 PM - 11 Jul 2019
    • 47 Retweets
    • 270 Likes
    • Cary Cheshire Carl Witmer Joe Flushing Mom America First Teen Hakuna14 Matt H David A Ray Bert Beoloski
    94 replies 47 retweets 270 likes
      1. Jonathan McNeil‏ @_JonathanMcNeil 11 Jul 2019
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        Replying to @JackPosobiec

        It's backed by the government with the largest and most powerful military in the world. BTC is primarily mined in China, meaning they could seize control of pretty much anytime they like and daily trading is dominated by Tether who is currently under investigation by the NYAG.

        1 reply 1 retweet 11 likes
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      1. Highbrow "The Struggle Is Real" Haze‏ @HighbrowHaze 11 Jul 2019
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        Replying to @JackPosobiec

        nukes

        1 reply 0 retweets 1 like
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      1. Foggy Anabasis‏ @foggyanabasis 11 Jul 2019
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        Replying to @JackPosobiec

        Tax liability can only be extinguished in dollars, so ultimately based on the power of the government to throw you in prison for not having enough dollars to pay them. From there, network effects take over.

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      1. Laurie B. Schultz‏ @schultzlb10 11 Jul 2019
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        Replying to @JackPosobiec

        Gold

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      1. Jonathan McNeil‏ @_JonathanMcNeil 11 Jul 2019
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        I can agree with you on this. There are other more pressing threats. Tether is obviously the biggest one imo. My overarching point is that the big governments of the world have the power to destroy BTC anytime they like. I believe that to be true, but not likely.

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      1. Keith Benton‏ @kbenton00 12 Jul 2019
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        Replying to @JackPosobiec

        Bitcoin is simply the larest pyramid scheme to come along.

        1 reply 0 retweets 0 likes
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      1. Mike Hoover  🇺🇸‏ @Mike_Hoover 12 Jul 2019
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        Replying to @JackPosobiec

        I can hold a dollar in my hand. Faith. Tangible. Crypto is intriguing and I own some, but it is, at this point in time, still a Matrix thing.

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      1. New conversation
      2. Jonathan McNeil‏ @_JonathanMcNeil 11 Jul 2019
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        pic.twitter.com/WQXO9rPdms

        1 reply 0 retweets 0 likes
      3. Jonathan McNeil‏ @_JonathanMcNeil 11 Jul 2019
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        Replying to @_JonathanMcNeil @geneeverettshow @JackPosobiec

        From the paper itself. Trade carefully.

        1 reply 0 retweets 0 likes
      4. End of conversation

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