RT @CryptoEmporium_: The decentralized nature of Bitcoin is what makes it stand out compared to traditional, tightly controlled fiat currencies, US Congressman Tom Emmer said yesterday, during the “Pomp Podcast” hosted by Morgan Creek Digital co-founder @APomplianohttps://t.co/RVYXAyNTp8
Hate/dislike Pomp but I do appreciate the work he puts in to spreading the word, he has a vested interest in doing so, we all do, but he really is helping to simplify the message and reach a broader audience.
Once the average person can quickly understand BTC, and the user experience advances significantly we'll get the mother of all surges in adoption.
Wide spread adoption will never ever happen with bitcoin or any other crypto currency. 2 reasons why.
1. Government. The US government is literally printing money as we speak. They will never ever give up on the US Fiat currency ever. As long as we have a government we will always have a fiat currency.
2. Wall Street. The day bitcoin became listed and Wall Street got their hands on it was the nail in the coffin for any viable main stream adoption.
Sad buT true.
My dad was a strsight up G-man from the 70s and 80s. And his deal was strong moral fiber and character, minimalist corruption, ethical effective, responsible efficient government.
I told him if the US Government had been saturated with and ran by men like him for the past 40 years, I wouldn't balk at the US dollar and reserve currency status, US bonds and the FED. Becauss if it's ran sound and good, not too corrupt (there's always been corruption to varying degrees, today it's excessively bad), to me, that's the main backer for a Fiat currency that's not backed say gold/silver perhaps.
But that's not what happened. The government is being destroyed from the inside, the Treasury raided. The foxes have been given the keys to the hen house. Now I need some kind asset that performance as an asset class is actually relatively divorced from say the US going belly up in some manner.
And he agrees. He says our government especially in the past 40 years has increasingly been ran poorly, more partisanship, division, feelings on matters of public policy outweighs facts and the truth.
This is a country firmly in decline. And that's why he was skeptical of a cryptocurrency purchasing I was making, but even he says, an old school g-man/Vietnam Veteran horn rimmed glasses, a mind towards public service, and a haircut you could set your watch to (see D-Fens from Falling Down) he's like ok...yes this shit show is gonna get worse before it gets better.
You need it to attain a GS-13 pay rate in a not Washington DC city. He was had at times 30 employees under him. GS-13 same payrate as Lieutenant-Colonel in the Army, on the civilian side, and for a non-Federal Jobs hub that's a bit impressive. There was a really smart GS-15 above him made him look like a dumbass, he said he was the smartest man he'd ever met. I guess this is the purported "Deep State" and those who hate government and don't want government to function, they hate there are career driven meritocracy smart employees of the government who really don't need to be reelected who do what they can to make sure the government works politicians be damned.
I'm flawed. A lot of people might tell you, they don't like me. But almost everyone has liked Dad. And Dad taught me this "government is the problem" shit is bunk. When you got smart, ethical, well ran, not corrupt, means tested, competent government working on and fixing a problem (for example he was on the Corp. Of Engineers during the 1993 Flood, the worst flood in the US in a full blown century) it's one of the most beautiful things you've ever seen. It works and it works beautifully, and for certain functions of government, privatization arguments are bullshit, private industry can't outperform, in some situations government service is vastly superior to Private industry profit.
I think the old man is saddened to watch the country get dismantled from the inside. Back in the day he get up at 4am, leave at 5am, show up close to 6am on the commute...he'd get home around 5pm. And he looked like D-FENS quite a bit haha.
I use to work a GS position, and it really is people like your dad taking the job seriously who's keeping all of this from falling into anarchy. There are quite a few just doing it for the steady pay and benefits counting days until they can retire and collect a pension check, but the ones who are passionate about it and do things strictly by the book really stand out among them.
Well, the problem is that the "Deep State" of the 70s and 80s was so much more different than the Deep State of the 00s and 10s. There was once a time when the great threat to our national security was the stability of the dollar and the men who served in the 70s and 80s and had dealt with the turblence in the 60s and early 70s leading up to the closing of the gold window knew that.
This country went war crazy after 9-11 when we were previously so rational about how Vietnam and the war economy affected us. We need a return to the kind of sound money advocates that practically ran the FBI and CIA in the 70s and 80s and did actual gumshoe-like detective work instead of playing multiplayer spreadsheets in the financial realm and letting bankers go free for funding black market drug lords.
We also probably need to see pot legalized nationwide and the drug laws changed into less of a war and more of a medial response. That's probably a harder pill for former G-men to swallow, but a necessary change I'd argue regardless. Any good analysis of what makes the cartels and such so strong is the fact that the black market money resides entirely in the hands of transport operations, and transport requires real estate, resulting in gun violence to protect both.
You make good points. As the son of a proud Half-Life level G-Man, the G-Men often (Obviously not always) aren't the ones setting the policy, they're the one's enacting the policy as acting heads of government organizations with employees below them.
And there are corrupt outside influences that are destructive against the America people having a functioning government in favor of a short term thinking privatized profit, that emphasizes am extremely privatized greed over service to the American people.
It really saddens the old man. Government can be beautiful, he basically says don't hate government in and of itself, hate corrupt bad government, but not simply the mere concept of government. As the old man points out, take Mogidishu, you might have 10, 15 tribal warlords running thar stateless society. Or some, take Colombia, the cities are under one governing entity, the country side is under another, in a low intensity (but also very lethal) long term conflict.
His point is, no where you go short of Bir Tawil, where there are groups of humans, there governments in some shape or another...even HOA's. So if you express loyalty to one or another, bare minimum everyone should like good government, and that line "the government that governs best, governs least" that's straight up bullshit, it's a nice sounding, focus group means tested sloganeering that effrctively tells people to dislike ethical well ran government to the advantage extreme corporate power and unaccountable private wealth.
And yes...definitely legalize drugs. You're right, he was last in the family to finally get behind that, the results of criminalizing it is obviously far worse than any purported evils of these drugs he at long last had to admit, product of his times. I think you'd like my dad, he's got a solid head on his shoulders beyond imo 90% of people, he moved up the ranks because of his outsized competence.
Congressman Tom Emmer was sworn in for his first term in the U.S. House of Representatives on January 6, 2015. He is currently serving his third term.
Tom was recently elected by his fellow Republican colleagues to join the House GOP Leadership team as the Chairman of the National Republican Congressional Committee for the 116th Congress. Currently, he sits on the House Financial Services Committee. He is also a member of the Republican Deputy Whip Team and the House Republican Steering Committee.
Born in 1961, Tom grew up in Minnesota and attended St. Thomas Academy. He received his BA in Political Science from the University of Alaska-Fairbanks and his JD from William Mitchell College of Law.
After practicing law for several years, he opened his own law firm. The next 20 years were spent balancing family, business, coaching hockey, and serving on the city councils in Independence and Delano.
Before coming to Congress, he served in the Minnesota House of Representatives from 2004-2008.
He and his wife Jacquie have been married over 30 years and have seven children. They reside in Delano.
Just listened to pomp’s podcast with Tom very insightful. I hope more congressman learn the values of blockchain so we can create a better financial future for the world. https://m.youtube.com/watch?v=vxz1HFWWkPg