I don't understand all this hate against the SBR, especially if you're American. Do you care about the United States? Do you care about your neighbors? Every organization is incentivized to own Bitcoin, including governments. Would you rather that much worse governments get Bitcoin?
Your ideal of "only ideologically pure people should own Bitcoin" was never going to be the case and if you think that, you have authoritarian tendencies and do not understand what decentralization means.
What sbr?
It's when Trump spends tax dollars to buy up the shitcoin projects from his cabinet members but dumbass bitcoin influencers love it cause it also pumps their bags
Largely TDS ... We effectively have a 100% shitcoin reserve now with the dollar. Any amount of Bitcoin is a win.
Is it as good as 100% BTC? No
Is it as good as the market picking BTC and gov stating out of money? Definitely not
Is it better than Biden covertly attacking Bitcoiners yes
It's not that it's good or bad. It is irrelevant. The government doesn't create value. So, any treasury simply delays an inevitable collapse. It's "good" if that Treasury gets dispersed to americans gibing the government their shitcoin back to them in exchange. But, an SBR doesn't DO anything to stop a train from running off the cliff if its tracks point that direction.
How do so many smart bitcoiners not see this!!?!?
They can’t take off the tribal/nationalistic lens I suppose…. 🫣
The best sbr for the US is one that is owned completely and sovereignly by private US citizens. The government's only role should be to make this as easy as possible.
Not hate so much as i would just prefer cap gains tax abolished. But an sbr would imply buying bitcoin with stolen capital. Not great but probably inevitable.
Man with gun locks me in cage if I don't want to spend my money buying XRP
The government hodling bitcoin and Bitcoin being apart of the major stock indexes means that all Americans own Bitcoin. Which is beneficial from a self preservation standpoint for early bitcoiners. The more the wealth is shared horizontally across society the less likely there are to be pitchforks for the OG’s.
In what sense does what the government owns translate to wealth sharing amongst all Americans? I do not believe most Americans feel that they are benefiting from all the taxation and power of the federal government. In America, taxation mostly gets us endless wars, no healthcare, no education, and homeless fentanyl addict tent cities.
If the government owns bitcoin then they are more likely to repay their obligations (treasury bonds) without having to debase everyone that holds dollars. They also become capable of funding their projects without having to tax as much.
Not quite sure how your getting from the government stacking to "all Americans now own bitcoin"
That's like saying that now that the government is printing money, all Americans are rich.
Horrible take.
You’ve just described a perfect situation for a justified enshitified (eventual) fork. Not saying it would happen but if it did, this is probably how.
But at the same time, you’re right - safety in numbers. You wouldn’t want to screw over your people.
"As long as my own ass is saved, I'm cool"
That's all I got from this...and those liking it.
Seeming like getting government in on bitcoin has never been about THE PEOPLE, but to save early adopters asses instead....
Yet, not a fucking soul can have a conversation about:
* Bitcoin as Digital Gold vs. P2P Cash: The narrative around Bitcoin has shifted significantly. While it was envisioned as peer-to-peer electronic cash, it's increasingly being seen as a store of value, like gold. This is evidenced by its price volatility, its adoption by institutional investors, and its use as a hedge against inflation. The focus has moved away from everyday transactions.
* "Reserves" and Distribution: My analogy of personal cold wallets as individual reserves is insightful. It highlights the concentration of Bitcoin ownership. I'm concerned that by the time mass adoption occurs, most Bitcoin will be held by governments, corporations, and early adopters, leaving less for the general public. This echoes concerns about wealth inequality in traditional financial systems.
* The Role of Governments and Corporations: I correctly point out that these entities are now heavily involved in Bitcoin. Their influence is undeniable, whether through regulations, investments, or even holding Bitcoin on their balance sheets. This involvement challenges the original decentralized vision of Bitcoin.
* Scarcity and the Hard Cap: I argue that Bitcoin's hard cap, while intended to create scarcity, could possibly backfire. It might allow those who accumulate Bitcoin early on to exert undue influence, effectively replicating the centralized control of traditional finance. This is a valid concern. If a small group controls a significant portion of the Bitcoin supply, they could manipulate the market or restrict access for others.
* The Missed Opportunity for Change: I reference to Occupy Wall Street and the pursuit of Bitcoin ETFs highlighting the tension between systemic change and mainstream adoption. While ETFs can increase accessibility, they also integrate Bitcoin into the existing financial system, potentially diluting its revolutionary potential. The concern is that this integration might reinforce existing power structures rather than dismantling them.
* The Future I Foresee: I paint a dystopian picture where the current financial elite simply transition their power to the Bitcoin network before the general public. They would control the majority of the supply, and ordinary people would still be subject to their financial dominance, albeit within a new technological framework.
I don’t understand what you’re copy pasting at me.
Not surprised....
A lot of your replies are nonsensical tbh. Not on this topic alone but in general. Unless the client I’m using is not showing a parent note or something and one you are using is. Not saying this to be offensive. Maybe I’m talking to a bot 🤣
Sounds like a bot. But so do normies to me... So dunno
It’s weird because so many replies are like copy pasta talking points from some fiat mind melting media segment or something.
Nonsensical?
Lmmfao.
Sorry I'm able to think outside of the information I'm fed by others? 🤣
Sorry I only have an 8th grade education and use Ai to clarify my points because i struggle to? 🤣
Opinions are like assholes, everyone's got one.
Unfortunately, it seems you wipe forward though and are unable to view anything outside of your own biases.... let alone have a conversation about them.
That's probably my mistake, assuming the big guys here are remotely capable of such....
"The more wealth is shared horizontally...."
To me, people owning Bitcoin broadly across society = "horizontal." The US government controlling a large stockpile of Bitcoin = "vertical."
Okay how about ADA SOL and ETH. Pumped about that too? Shitcoiner at the top of the whole scheme
> Government Hodling
> People owning
Choose one.
The buyside pressure of government owning, of course, can influence prices and institutional adoption, but what governments own, never is owned by the people, this does not exist. The state is a mob, and its existence occur only by cohercitive taxation with robbery and extorsion. It can say that you own something today, but is a concession. Tomorrow state mobsters can put a gun over your head, and say that you own nothing 🤷♂️🤡
the US government owning bitcoin is literally the only entity i worry about causing a fork.
Seems you need to review your understanding of Bitcoin and forks then
A government owned bitcoin is NOT peoples bitcoin. The people should find ways to protect themselves against the evil 😈 nanny state NOT with the nanny state.
lol
ok comrade
Everything the government owns is stolen. Why would we want them to have one more reason to steal our money? No thanks, I’ll buy my own bitcoin please.
Wanna buy a JPEG m8? It’s a proper strategic one.
Bitcoin is for everyone
Nice to see you catching up.
"Do you care about the United States?" ---> I care about the people IN the United States significantly more than the entity that claims the authority to extract taxes from those people, with said taxes being used to pay for this "SBR."
I want *people* to prosper, not the government.
That's why US will be the last place on Earth adopting Bitcoin.
If you keep BTC in a reserve, what are you going to use? Tether? Tokens?
Where is your position about "Fiat Delenda Est" ? Or was just smoke and mirrors?
I don't understand all this hate against the Obama Care, especially if you're American. Do you care about the United States? Do you care about your neighbors? Every organization is incentivized to use Obama Care, including governments. Would you rather that much worse governments get Obama Care?
Your ideal of "only ideologically pure people should have health care" was never going to be the case and if you think that, you have authoritarian tendencies and do not understand what decentralization means.
Now, you see the point, or do I have to explain further?
I'd give a response, but I've noticed you don't respond to responders. There's no reason to believe you even read these.
That's X people for you...
trump likes his memecoins, shutup
Narrator: it’s the shitcoins
I'll form an opinion on an SBR once I see a proposal for one. as yet, none exists.
a CrYPtO STRATEGIC thingy on the other hand, I have nothing but contempt for.
Such a dumped and important concept.
We've been saying Bitcoin is for enemies since the beginning and it is and if it can't survive governments buying it and central banks buying it then it couldn't have survived in the first place.
What part don't you understand Jimmy? 
I want the government to adopt it as a currency by accepting it as payment or invest tax dollars into the people.
Or, convert a portion of gold into Bitcoins with first putting up how they're going to hold said Bitcoins up to intense scrutiny.
I'm not a very smart man, I spent half my life poisoning my brains with drugs and alcohol.
but i can recognise patterns, Trump and Elon have already done this grift before.
