Is this what Trump is gonna announce? Just saw it on a billboard in Nashville.
Discussion
Funds are safu
Sounds like a shitcoin scam...
1) hand over your btc to the us government.
2) US government gives you 1:1 shitcoin in return (USABTC)
3) exchange your USABTC to USD
4) wow tax free as long as your shit stays within in their ecosystem...
Oh, you want your BTC back, even if you didnt do shit with it? Lemme hit you with a 20% tax. Extra bonus, your UTXOs are certainly kyc'd and flagged. See case 2...
If true (seems true) this is both an accidental admission that bitcoin is the fucking best, and for those who didn’t already know that, an excellent illustration of why
"integrating Bitcoin into the financial system without the need to purchase Bitcoin outright using US dollars. "
"It is expected that the U.S. Treasury will earn Bitcoin or its representations on an L2 like USABTC, potentially requiring this in advance of handling the currency and its represented forms."
"20%"👀
seigniorage is helluva drug.
it’s amazing how skilled politicians are at framing their offering.
These people could convince a large subset that they will make oxygen free for them, and all them to use it without any capital gains tax (theft) on their oxygen use, and people would cheer.
lmfao let all of the statists get rugged
Sorry but no thanks…
Just a whole bunch of words that ultimately says we get 20% of your Bitcoin unless you buy our fake Bitcoin. Control control take take same old bullshit from the politicians.
👎boooo
LOL JK NOT GONNA HAPPEN
So basically no cap gains if you convert btc to shitcoin-btc to cash, but 20% cut if you go back to btc.
Was slow to see what shitcoin-btc was for until I saw its 1) held by 3rd party and 2) bought off an open market. So in return for no cap gains, you take on counterparty risk and the risk of the shitcoin depegging from bitcoin, eg like when the dollar collapses 😂 who the fuck is going to buy shitcoin-btc when you can only get cash for it, or even less bitcoin equivalent?
Motherfuckers really want your #bitcoin don’t they???
SCAMMERS GONNA SCAM 🤙
This is also suggested to be on Stacks in the FAQ section. I am not convinced this is the Trump announcement, IMHO it is more likely coming from a scrappy entrepreneur trying to get noticed by the political class attending the conference.
🤮
Who cares?
Also, everything about this webpage would work fine in HTML without JavaScript so why did it make me turn on JavaScript to load it?