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An American bitcoin reserve is worse than getting more Americans using bitcoin
603 sats \ 5 comments \ @DeltaClimbs 4h bitcoin
Why tf is everyone so excited about getting nations to hold bitcoin? What is all this nonsense of "nations trading" -- nations do not trade, individuals and companies trade. The only "trade with a nation" is one that is deeply communist, and fuck those.
1 million bitcoin might cost $1 trillion, and it probably won't go forward. Instead, $42b across each American citizen would be $121 per person, payable EXCLUSIVELY via Lightning. Most people won't use it. Great, if 1 in 10 do, send $1,210 to those that do, and you will then have 34 million bitcoin stackers in America who may build businesses and support the foundations of freedom.
1 million bitcoin on the Treasury balance sheet is a large IRS and Chainalysis budget.
If the Government allows itself to add bitcoin it seizes to its reserves, it will create new reasons to seize bitcoin.
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0 sats \ 0 replies \ @BlokchainB 1h
Bitcoin is for enemies as well.
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0 sats \ 0 replies \ @clr 2h
If the Government allows itself to add bitcoin it seizes to its reserves, it will create new reasons to seize bitcoin.
This is very important. Thank you. For people that cheer this "strategic reserve", it's like EO 6102 didn't happen.
First they came for Silk Road's bitcoin...
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0 sats \ 0 replies \ @gmd 2h
people just want number go up
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0 sats \ 0 replies \ @OT 3h
I remember Beautyon making a similar argument.
Whether they do the strategic reserve or not, I just hope that it doesn't tempt too many weak hands to give up their sats.
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0 sats \ 0 replies \ @nitter 4h bot
https://xcancel.com/DeltaClimbs/status/1860736147460444475
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