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169 sats \ 0 replies \ @freetx 29 Jan \ on: What would a bitcoin reserve look like in Texas? Two lawmakers have ideas. Politics_And_Law
Imagine this:
  • State enables you to "stake" bitcoin with it.
  • Resulting bitcoin becomes part of permanent capital base of state treasury
  • The state can borrow against that bitcoin and will use the funds to pro-rata reduce the property taxes of those that contributed.
  • Next year, if bitcoin rises, state can borrow again and offset property tax again for those who contributed.
Some sort of idea like that would be awesome, since it would simulate real land ownership instead of rent-paying model.
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