The #DebtLimit is the USA’s credit card maxed out! 🚨 Gov overspends, prints money, & “kicks the can” to avoid collapse. End it with: 1. Balanced budgets 2. Stop printing 💸 3. Cut wasteful spending!
Discussion
I don't think I like the idea of America, or any other government having a Bitcoin reserve. With the amount of bitcoin they'll be able to acquire, they'll have the ability to impact prices on a whim, and ultimately hold sway over the entire Bitcoin network. This will set the stage for strategic pice manipulation, which will destabilize the market and reduce confidence in Bitcoin. I'm no expert in governmental finances, but that's what it looks like to me.
Oh they will try, but for the first time, the game is not rigged is just is. If we end up in a world were Governments hold all the majority of Bitcoin but they behave financially responsibly, I think we will be in a better world. Don’t you think?
Maybe, but what have you seen that makes you believe they'll behave responsibly? Whenever politicians are involved, honest, responsible behavior is highly unlikely. There's too much desire and capability for self-dealing and corruption. And the consequences of irresponsable behavior regarding Bitcoin, even once, would be catastrophic. Personally, I wouldn't want to take the chance that this would be the one time everyone behaved responsibly.