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FLASH 10mo ago

⚡️🇺🇸 NEW - The SEC has published a document on its website to clarify the US crypto strategy.

While Bitcoin is the strategic reserve asset, XRP, Solana and Cardano would have specific roles in the national digital economy:

- XRP would be used for state-level financial transactions, including government payments and interbank liquidity

- Solana would be useful for high-speed blockchain applications, such as real-time government databases, secure voting systems and digital identity management

- Cardano would be ideal for academic degree management, smart contracts for government services and secure infrastructure management

These cryptos would therefore be fully integrated into the country's management strategy, but not directly purchased for the reserve strategy, which would remain full #Bitcoin.

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Arthur Morgan 10mo ago

I bet none of those actually eventuate. Would be so retarded just not to use a database.

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Tauri 10mo ago

What an absolute load of nonsense. The good news? All that garbage won’t be clogging up Bitcoin blocks—especially the digital IDs bit, which sounds downright dystopian in this context. As for XRP being used for financial transactions? Pure cringe. It’s like trying to trade air over the air—peak stupidity.

nostr:nevent1qqsy9ygxzcjf8vvvtez9dhspexefhj9xwfhznsdzwafckv5k5wezlacpzemhxw309ucnjv3wxymrst338qhrww3hxumnwswy7sl

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Sid Shattuck 10mo ago

Utter nonsense.

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Jason the Original 10mo ago

Sich nonsense. You know what else can do all those shit coin things? Bitcoin or a database.

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Mî¢h&|3 Dëgli Ü3ę®tį 10mo ago

Digital gold theory deploying in practice.

This vision of Bitcoin as the new gold instead of the new uncensored p2p elettronic money is objectively prevailing, at least among institutions and corporations.

Greaham Law is something we should deal with.

My 2 cents.

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FernandoTheKoala 10mo ago

But isn’t this all according to plan? Ppl will hoard the good money and transact with the bad money, until one day they will be obliged to use the good money for transactions too.

I think the temporal development was 1) store of value 2) mean of transaction 3) unit of account

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Mî¢h&|3 Dëgli Ü3ę®tį 10mo ago

I respectfully disagree

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FernandoTheKoala 10mo ago

no worries, I'm not sure of this myself, care to share your take ?

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Mî¢h&|3 Dëgli Ü3ę®tį 10mo ago

My take is nostr:nprofile1qqsrwseygwgtu5688flrkwudqnwws0mvj52tsx5e07emzg7qwthe77qppemhxue69uhkummn9ekx7mp05fyrru 's take here:

https://bitcoinmagazine.com/takes/the-clock-is-ticking-while-you-do-nothing

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FernandoTheKoala 10mo ago

1) The fact that governments would have become involved in this was inevitable, it’s the ultimate test that btc needs to pass (unless you think that btc would have been adopted widely without governments involvement? Would have loved a good old revolution myself but doesn’t seem realistic).

2) the main point of shinobi article is that btc need to be able to sustain global scale adoption right now? Did I get it right?

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Mî¢h&|3 Dëgli Ü3ę®tį 10mo ago

The main point is that ossification + hodling not spending leads to different subsystem centralization that eventually leads to capture/destruction by the power that be.