44 sats \ 4 replies \ @grayruby 11 Aug \ parent \ on: Should the US Government Acquire a Bitcoin Reserve? • Listen on Fountain bitcoin
Why do you say they shouldn't?
And I mean what is the logical argument for not doing it, not why you don't want them to do it.
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41 sats \ 3 replies \ @Undisciplined OP 11 Aug
I don't have a strong opinion about this. I was just being needlessly contrarian.
I do think there are real risks to letting them start investing in speculative assets. That's not about Bitcoin, but there's a slippery slope in that direction.
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49 sats \ 2 replies \ @grayruby 11 Aug
I think that's a fair argument. How would you feel if they just established a reserve based on the Bitcoin they already have?
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71 sats \ 1 reply \ @Undisciplined OP 11 Aug
I would rather they sold it. I want people to have Bitcoin and the State to become insolvent.
From a public finance standpoint, it probably does make sense for them to add Bitcoin to the other monetary assets that they hold as reserves.
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51 sats \ 0 replies \ @grayruby 11 Aug
I would rather they sold it too. As bell_curve mentioned and I responded in agreement they will probably end up selling it in a bear market (or maybe in a bull) anyways, but doesn't mean it wouldn't be a good experiment.
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