The RFK 4M BTC comment made me realize that it is aready impossible for the US government to maintain it's current share of global wealth on a bitcoin standard
Discussion
Agreed. Especially buying 550 bitcoin a day the price is gonna run away quickly. If we want to get remotely close to 4M they’re gonna have to print $ and smash buy 🤠💯
Large transitions reset and redistribute power to first movers. Some individuals will have more bitcoin than major nations. How da fwck does that play out lol.
in order for the US gov to use Bitcoin as a unit of account it has to first provide the playing field for medium if exchange
I don't know if that is necessary
it's the path of a monetizing asset like Bitcoin. Why would anyone price something in an asset that has no MoE functionality.
For the unit of account, Bitcoin needs to pass through medium of exchange. one actionable way we get there is to fight for a section of the Lummis gillibrand bill
Thankfully, on a a Bitcoin standard, the pie will grow for everyone.
clown show. the entire conference