That’s not a governance solution. Society is built on certain assumptions about how individuals live. Those assumptions have become detached from reality since 1971 but if you take a “rip the bandaid off” approach, that’s inviting a lot of chaos into the system.

If the US government effectively prints dollars to buy bitcoin (since we’re running a defecit, we’re printing money to buy bitcoin no matter how it is funded) it sends a clear signal about the value of bitcoin. It also gives the institutions (central banks, governments) that are responsible for the assumptions the people are living with a little time to change their ways OR lose their bitcoin because they’re not being value added. Also, in the process of governments legitimizing bitcoin, a bunch of bitcoiners will get wealthy enough to go do some big things on a bitcoin standard in the free market … which will only help individual adoption (hopefully into self-custody).

There are no roads where government adoption is bad for bitcoin … if anything it is inevitable, happening sooner than anyone thought possible, and is incredibly bullish for bitcoin’s future. Will it be smooth sailing afterwards? Of course not … Will governments try to fork Bitcoin? Probably. Will it be successful? Fuck no.

Long live bitcoin. Let’s just have an orderly transition to the bitcoin standard.