35 sats \ 18 replies \ @Satosora 11 Aug \ on: Should the US Government Acquire a Bitcoin Reserve? • Listen on Fountain bitcoin
It sounds like a good idea when you think broadly, because it is finite.
But in the long run, it isnt a good idea.
Think of how many ways bitcoin can be bastardized by the government.
What do you think they could do? Holding Bitcoin doesn't give you much power over it, beyond short term manipulation of purchasing power.
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Its becoming so political so quickly.
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I see. You're worried about something like guilt by association.
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I just have the feeling that stuff is happening so hastily.
Bitcoin can survive by itself, even without the politicians being involved.
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Absolutely, but I also think it will survive even if politicians get involved.
@kepford has made this point a bunch of times: there's no way bitcoin succeeds without attracting the attention of people we don't want involved with it. If bitcoin is what most of us think it is, then they won't be able to hurt it.
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Right, I can understand that.
But it would have been nice if it wasnt a huge political platform.
By people who dont even understand the ecosystem.
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People talking about bitcoin a lot will happen prior to people talking about it accurately, especially if it becomes highly political.
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Yes, l realize this is part of it being adopted fully into society.
Just not sure Trump or Harris are the people we want for that.