Sunday Survey: What is the ideal use of a strategic Bitcoin reserve?
1524 sats \ 27 comments \ @jimmysong 28 Jul bitcoin
it's not good for bitcoin40.0%
pay down deficit 10.0%
convertiblity with the dollar16.7%
other (please comment)33.3%
30 votes \ poll ended
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314 sats \ 8 replies \ @DarthCoin 28 Jul
"Strategic bitcoin reserve" is just a bullshit crap nonsense. Bitcoin is not for governments... Bitcoin is to empower sovereign individuals. Let's cu the crap of this "FED Bitcoin reserve" nonsense. It will be just another scam like they did with gold. Don't let them fool you again and again. Now is the time to take back that power in your hands.
FUCK'EM'ALL, FUCK THE GOVS, FUCK THE BANKS, FUCK THE POLITICIANS ! BE FOR ONCE A SOVEREIGN INDIVIDUAL THAT DON'T GIVE A SHIT ABOUT ALL THAT CRAP!
Well said by Giacomo in this thread: https://xcancel.com/giacomozucco/status/1817554831881519225
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21 sats \ 0 replies \ @tomlaies 28 Jul
I 100% agree
(My take on this #625955
I don't understand why people seem to be in favor of these plans that the government should stockpile Bitcoin. No matter if its Trump or Kennedy, 550 daily or 1m overall. I couldn't care less if they buy or sell Bitcoin. What I really care about is adoption. If he promised something that would bring payment possibilities to more places, shops, restaurants, bars in the US - that would be huge. You could even argue it's a bad thing when the government owns a million Bitcoin. I want a small government. That's not gonna happen if the government owns 1/21th of total supply. )
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26 sats \ 4 replies \ @BlokchainB 28 Jul
Bitcoin is for anyone. It’s an open protocol. Both good and evil will use it.
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0 sats \ 3 replies \ @DarthCoin 28 Jul
anyone is not government
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50 sats \ 0 replies \ @030a29f333 28 Jul
You can't stop them from acquiring it
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21 sats \ 1 reply \ @BlokchainB 29 Jul
Government is made of people. It’s not a mysterious force
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50 sats \ 0 replies \ @Bell_curve 29 Jul
People in government get drunk on power
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0 sats \ 0 replies \ @Satosora 29 Jul
What about silver, Darth?
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0 sats \ 0 replies \ @0xbitcoiner 28 Jul
Giacomo was a great teacher. I'll always cherish the lesson on ordinals.
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121 sats \ 0 replies \ @jtwoodhouse 28 Jul
Preservation of purchasing power
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10 sats \ 0 replies \ @random_ 29 Jul
LSP
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10 sats \ 0 replies \ @OT 28 Jul
To fund the military of course
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21 sats \ 2 replies \ @SatsMate 28 Jul
Not only pay down deficit, but for a sustained period of time get us into a place of surplus.
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20 sats \ 1 reply \ @Undisciplined 28 Jul
Government surpluses imply that they've taken even more resources out of the productive economy than they are even using. It's waste for the sake of waste.
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0 sats \ 0 replies \ @Satosora 29 Jul
Their ideas are twisting bitcoin and what it should be. They already have gold as a reserve, just use that.
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6 sats \ 0 replies \ @0xIlmari 28 Jul
It's to pull some wool over bitcoiners' eyes and win some votes.
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0 sats \ 0 replies \ @TheBTCManual 29 Jul
To create a massive honeypot that will either result in them getting hacked or lose their keys
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0 sats \ 0 replies \ @Satoshi__Nakamoto 29 Jul
I gusse the 3rd one has a point
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0 sats \ 0 replies \ @jgbtc 29 Jul
They should give it back to whoever they stole it from.
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0 sats \ 0 replies \ @Athena 29 Jul
The Bitcoin Dollar can be reality just like Dollar in Gold Standard. It may be that a country adopts Bitcoin Standard and only circulate the amount of currency that it has in Bitcoin. But then again , how are we going to decide the value of Bitcoin? 1 sat = 1 sat is I know. Bt in a Bitcoin State run Standard 1 dollar should equal 1 sat.
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0 sats \ 0 replies \ @BitcoinAbhi 29 Jul
What's strategic reserve? Bitcoin is people's money and it should serve the only purpose it was invented for.
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0 sats \ 0 replies \ @Satosora 29 Jul
Using it as a reserve kind of beats the purpose of it.
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0 sats \ 3 replies \ @Rsync25 28 Jul
Why politicians doesn’t abolish central banks? It is a way so much easy
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20 sats \ 2 replies \ @DarthCoin 28 Jul
only you can abolish it. By using bitcoin every day and dump the fiat.
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0 sats \ 0 replies \ @Satosora 29 Jul
The problem is, they are just trying to lean on bitcoin to solve their problems. They need to make radical changes and work on their budget, and stop printing money.
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0 sats \ 0 replies \ @Rsync25 28 Jul
🎯🎯
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0 sats \ 0 replies \ @05c91759f6 29 Jul freebie
Pay down deficit