Replying to Avatar Marty Bent

Hilarious that Vinny’s idea is for the government to spin up a mining pool to build the bitcoin reserve considering mining pools are notoriously terrible businesses with razor-thin margins.

The path of least resistance is to print and buy bitcoin. There are a number of things that aren’t an overt speculative attack they could do before they resort to that though; bitcoin backed treasuries where the buyer participates in upside bitcoin appreciation, converting revenues from federal services into bitcoin, and a litany of straight forward low hanging fruit.

Taxing bitcoin purchases and sales is egregious theft and a state run mining pool would be poetic because it’s what you would expect from a government known to waste resources while producing sub-par services.
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Dr. Bitcoin, MD 1y ago 💬 2

The government should take proceeds from criminals, either in bitcoin when seized or converted to bitcoin, to fund the stockpile. It’ll fill up on its own that way. Any other means is a distortion.

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Garrett 1y ago

Yeah let's give them a reason to expand the scope of what they call criminal

da
Rand 1y ago 💬 1

i think maybe U have not been involved enuf yet to prescribe in this area fren/*

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Dr. Bitcoin, MD 1y ago 💬 1

lol…I suppose. There are dozens who got there before me. Many dozens. https://m.slashdot.org/story/138276

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Rand 1y ago

i was thinking experience with the law system here and gov. action. Not sure of your history but what U said kinda goes against the grain. Just so U know for future ref if U want. i would like to see U thrive but this space has a definite learning curve that takes time to feel out. no worries but just trying to help. all the best/* Y the link?