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Replying to Avatar L0la L33tz

Hate to be the one to shit on the Parade, but a Strategic Bitcoin Reserve *will* be built through confiscation and taxation.

Here's Senator Cynthia Lummis already hard at work to make it happen:

Cynthia Lummis teamed up with Elizabeth Warren to propose the regulation of Bitcoin under anti-money laundering and counter-terrorist financing laws to "combat anonymous crypto asset transactions".

Cynthia Lummis also re-introduced the Responsible Financial Innovation Act "inspired by Senator Warren", which introduces higher penalties for "crypto asset crimes", regulates "mixers and tumblers", and increases KYC requirements.

For the amount of time Bitcoiners have claimed to be of peculiar intelligence, you are all getting played *incredibly* hard right now.

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R 1y ago 💬 1

I agree. The only good bitcoin reserve is promoting policies that encourage your citizens hold as much bitcoin as possible.

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Kurt 1y ago

I'd agree on principle. but practically anything so valuable will always be bought by entities. even if the US govt didn't do so others will/have

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