What is the best long form criticism or caution regarding the strategic bitcoin reserve?
Discussion
Nothing says Fuck you money like strategic bitcoin reserve
Best is quite the subjective word.
Nic Carter wrote some shit. Haven’t read it and I can vouch that he was always chosen last in dodgeball at our Swiss boarding school gym class.
Joe Nakamoto asked how it was going separating money and state.
Seizure by executive order again?
Certainly emphasis for those holding on exchanges or in an ETF to consider.
The incentive to steal bitcoin from citizens without due process
I am cautious on it being an EO and not from Congress. Next executive can will this thing away at the stroke of a pen. I suspect Congress will sign something authorizing some funds. Some Republicans will assume the work is over to rally their base though.
Attaching trumps name to Bitcoin in any capacity does not do well for the marketing of Bitcoin and mass adoption.
Not sure about long form but check out nostr:nprofile1qqsveeecfcysjpjwvayeudhtlymcat2t2ayn3zlfud2wgxn0lhpnd4qpz3mhxue69uhhyetvv9ujumn0wd68ytnzvuqs7amnwvaz7tmwduh8xarj9e3hy0rt2uy analysis on Twitter.
I have one myself
SBR makes people become complacent and creates false sense of comfort. New bitcoiners would focus mainly on NGU instead of FGU because they think it's already here. When people are still pegging BTC to dollar, this means we are not yet truly free.
Sell now.
That it’s a setup for a fabricated citizen ‘budget neutral’ bitcoin seizure, Executive Order 6102 style
I give it a 10% chance of happening
“Nation-state adoption of Bitcoin in its current form should not be mistakenly interpreted as the state nobly surrendering the money printer to advance individual freedoms.
The most likely scenario, in my view, is that most governments will continue to issue fiat currency against their Bitcoin reserves, engaging in the same inflationary practices that debased gold-backed systems. The problem is not the asset backing the currency but the moral hazard of government control over money. History has shown us time and again that even the soundest monetary systems falter when subject to the whims of centralized authority.
The only way to achieve true fiscal discipline is to abolish legal tender laws and allow competing currencies, including Bitcoin, to flourish in the free market. As long as legal tender laws compel the use of fiat currency, governments will continue to inflate their money supply at the expense of the public, regardless of how much Bitcoin they hold.
An SBR would not change this dynamic. Bitcoin, locked in their reserves, will become a tool to prop up the very system it was designed to destroy.” nostr:npub123sfqjpgf54p28yd7cjlgrpcn4pra5zhlnheyldc39td9r3zhgpshcwk9x
So far the only one I've found was by Nic Carter, published December 20, 2024. I've added it to https://strategicbitcoinreserve.com/
nostr:nprofile1qqsw64m54jz0wz57rjs5qflq0h5wvs7w7hw08c6exfngs6ahg4s3chqpz4mhxue69uhkzumfvyhxz7n6v9kk7tnwv46qz9mhwden5te0v96zumn0wd68yam0wf4hxtnrdaksz8mhwden5te0vf5hgcm0d9hx6ctcd9kkzmrfwd68xtn0dekxjmn98tnq2f 📍
I wrote a long article about this topic: how Strategic Bitcoin Reserve will enable US empire to prolong the life of the current financial system.
👇👇👇