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While I am against the idea of a SBR, this piece by nostr:npub1uyz4w2w4rcphk0q5arzkutrecgscxwzajj4dkvh9mjyqjtxslm6qea8632 makes some interesting points especially where rehypothecation of Bitcoin in the SBR is concerned.
https://caitlin-long.com/how-to-keep-bitcoin-strategic-reserve-from-morphing-into-a-bailout-fund/
Discussion
Great piece and loved reading it 🙏🏻