National Shitcoin Reserve is the best possible outcome:
• Head-on State attack on Bitcoin becomes next to impossible.
• Hard to attack self custody.
• Enriches grifters with printed fiat—who know to buy Bitcoin with proceeds.
• Reduces State Bitcoin holdings.
• Post-rug, State prosecutes grifters.
• Nation gets shitcoining out of its system.
#Bitcoin
There is a part of me that also acknowledges that the shitcoins are not only inevitable, but also provide some cover.
Like a herd of buffalo escaping a predator - the weakest will get picked off.
Granted the cons outweigh the pros, but if they are here, we can at least keep moving while the sick get picked off.
When the automobile was first invented, there were no gas stations, tire shops or repair garages.
Shitcoins are just filling the void until Bitcoin inevitably scales
nostr:note1qy4uegl7lcpmcl9l678gp86p4uz8al90rawgdy6cv0y34xv3yhxs576r6p
Recently heard it explained in a way that helped me understand why crypto is included.
During the .com bubble..the govt picked perceived winners & losers..& chose wrong.
They don't know enough to truly decide so they simply open things up for the market to decide.
Looking forward to them finally realizing the difference..
The state isn’t going to prosecute itself
Maybe North Korea will steal it all anyway 😂
