Attached are photos of the draft Strategic Bitcoin Reserve by the Bitcoin Policy Institute

Right off the bat I am deeply concerned about the specific definition of Bitcoin, not as a peer-to-peer electronic cash system, but “Bitcoin is a decentralized and finite store-of-value asset, akin to digital gold, with unique attributes that can bolster the resilience of the U.S. dollar and support American economic interests.”

I understand why they stated Bitcoin as such for political purposes to gain the love and affection of the U.S. government and this executive order…but at what cost?

Before you start yelling at me; yes, I think no matter what governments are going to get and hold Bitcoin. But Bitcoiners crafting language like this is just concerning to me. And we should scrutinize the hell out of any moves like this, particularly when the government is involved or invited to the table.

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Discussion

Hmmmm

imo the preamble of a EO is only contact, it doesn’t write anything into law.

What should be in any version of a SBR, though, is a de minimus exemption that’s either super high or none at all.

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100%.

I think they are watering down the real good stuff for a “better chance” at actually getting something through.

Seems the govt is open to digital gold…but to payments other than the dollar? That’s a tougher sell and where the real battle is (and privacy/self-custody imo)