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0 sats \ 0 replies \ @MaaliMKen 25 Nov \ on: An American bitcoin reserve is worse than getting more Americans using bitcoin bitcoin
If the Government allows itself to add bitcoin it seizes to its reserves, it will create new reasons to seize bitcoin.
Firstly, do you presume individuals can have a right to hard money while the government does not?
How are you gonna stop them?
Governments are more powerful financial institutions than corporations, hate it or love it.
We cannot stop governments from enjoying individual + corporate liberties and then some, so let's analyze whether it is good or bad to champion government ownership of Bitcoin.
It's goes two ways and imo depends on how we Bitcoiners think about the state as a construct.
If we hate the idea of government and think government getting Bitcoin funding / reserves = evil, then governments will seize Bitcoin if they want, or ban and attack it if they don't want.
I don't think anybody in this ecosystem wants that.
If we love the idea of government and want it to be efficient and work for our societies, like Elon hopes to do with D.O.G.E, then government getting Bitcoin funding / reserves = good.
Will some governments abuse this benefit of the doubt? Yes.
Can they be called out on it?
Of course.
It is how these democratic Republicans won the elections, right?
To end, I think states understanding Bitcoin = better governance for us all.
Otherwise, prepare for CBDCs and more propaganda in the news and in the ads.
And we all know it can get weirdly worse than that.