Are we sure this strategic reserve is “friendly?”
Discussion
Gubmint officials thinking about a 6102₿
Can’t believe people wanted this lol
I think only bitcoiners get to this level of paranoid.
I don’t think this administration will come after Bitcoin. But it’s still a non zero possibility. And the fact that it’s written plainly that the sBr is funded with “forfeitures” presents a clear incentive for them to take corn - and since they’re thieving criminals by trade it’s not a huge leap. Anyone who thinks adversarially can make those connections in 1 second.
It’s interesting that if the government or any whale entity “takes” some coins out of circulation it inherently makes all the other coins worth more. Feels like market manipulation is possible?
That’s just basic supply and demand. Governments are not natural market forces so I guess you can look at it as market manipulation but it would be no different from when they held gold.
The incentives drive outcomes. More seizures are inevitable. Be careful friends.
#yestr
The alternative to orange man was most likely worse. That's classic good cop bad cop practice. Tl;dr both are cops ffs.
The lesser of two evils is still… evil. It’s tiresome bro.
Realistically, did you expect it to be a walk in the park? If it would be easy, everyone would be hodling bitcoin. It's clearly not the case. More so, since individuals hodl ~half of the bitcoin, imagine how hard will the state rock the boat.
No I don’t you’re right. It’s just a pain in the ass.
It aligns with their incentives for more wealth and power, is that friendly? we'll find out