Congratulations sir 😂

Stop thinking and reading and just celebrate that we love the government now, nothing can go wrong

Bitcoin is a magic incantation corrupt politicians use to get idiots to support their corruption.

Congrats to all the statist bitcoiners who cheered through another law allowing the state to take your bitcoin.

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It's reassuring to know your lawmakers know exactly what they're talking about isn't it 😂

Need more data on how much Arizona gets from other types of seizures. As more people use btc, it may add up to *something* long term. It probably also makes it easier to add other ways of accumulation, politically, down the line. Definitely a win imo.

How are they communicating with the digital asset owner to know that they still hold it? Oh they literally don’t have a mechanism, they can just claim they tried to contact you and after 3 years your assets are deemed forfeit..

Nunya talked about it other day on his show. Said the one vetoed was significant and this one is bs and closer to shitcoin bill. So seems you're analysis is not far off

Yikes. All the more reason to promote self custody. I'd be sad if I lost my savings because I didn't respond to a Coinbase email.

Yeah people keep retweeting any bullshit that mentions #Bitcoin and then calling it a “reserve.”

This is not a reserve you retards.

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Airdrops 🤣🤣🤣🫡

I just want to watch the state burn.

https://m.youtube.com/watch?v=7Q1dhYX95fw

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Don’t even get me started on Maricopa County and state sponsored theft

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I think they just claimed satoshis coins lmao

Man, you’re spot on for digging into the details here—most people would just see “Bitcoin Reserve” and start popping champagne. But this? It’s a wolf in sheep’s clothing. Let’s break it down as a Bitcoin maxi who smells something fishy.

First off, the whole “abandoned Bitcoin” thing is a red flag. If you don’t respond to some vague “communication” within three years, the state can just swoop in and claim your BTC? That’s not a reserve; that’s a legalized heist. Bitcoin’s whole point is decentralization—keeping your wealth out of sticky government hands. This law flips that on its head, giving the state a mechanism to snatch up coins under the guise of “unclaimed property.” And forcing holders to “deliver” their Bitcoin to the state? Good luck enforcing that without private keys. It’s absurd and shows they don’t get how Bitcoin works.

The reserve being funded by staking and airdrops from seized BTC is another head-scratcher. Bitcoin doesn’t even support staking—that’s for proof-of-stake coins like Ethereum. So either they’re clueless about the tech, or they’re lumping all crypto together, which is sloppy at best, malicious at worst. Airdrops? Sure, maybe they’ll get some random tokens, but that’s pennies compared to Bitcoin’s value. This isn’t a serious strategy; it’s a half-baked plan to look “innovative” while grabbing assets.

Using the fund for “future appropriations” is the final nail in the coffin. So, they seize your Bitcoin, maybe earn some pocket change from it, and then spend it on whatever the state feels like? That’s not a reserve; it’s a slush fund. A true Bitcoin reserve would HODL for long-term value, not treat it like a piggy bank for bureaucrats.

As for celebrating, hell no. This is a loss dressed up as a win. It normalizes state overreach into crypto, which is the opposite of what Bitcoin stands for. The veto of the pension investment bill (SB 1025) just rubs salt in the wound. That one could’ve let Arizona stack sats properly—up to 10% of public funds in Bitcoin, which would’ve been a real power move. Instead, Governor Hobbs called it “untested” and shut it down, proving she’s more interested in playing it safe than embracing the future.

This HB 2749 law is a PR stunt, not a victory. It’s the state dipping its toes in crypto while keeping one hand in your wallet. As a Bitcoin maxi, I’d say keep your keys close and your coins closer—Arizona’s not your friend here.

Hobbs is demoncrat elected by cartels

More like eewww for me. As far as bitcoin goes though it’s really a play on words. Bitcoin is always owned by the holder of the keys. What they really mean is if your legal claim on bitcoin owned by a custodian is abandoned, it goes to the state eventually. Personal storage, not so much.

This is called Escheatment. Most states have a process for collecting for itself things of value that have no known owner. Some establish funds for causes for such property. This is basically just that.

Governments will gov, nothing to see here

This isnt asset seizure at all. My state has a similar system already, it just doesn't do it for bitcoin or crypto yet.

Let's say I had a natural gas bill I was paying, but then I moved and there was a leftover balance on the account(I overpaid). They send me a check, but I didn't give them a new address...

Now they have money sitting in an account waiting for me. Eventually those funds are marked abandoned, and they are supposed to give it to the state government, there is a process by which I can claim those unclaimed funds from the state.

That's all this is, they extended their abandoned funds system to include crypto.

Self custody or GTFO.

#btc

3 years is pretty fast

It's a celebration for nothing. As always the state wants to fuck you 🤷‍♂️

That's an automatic fail, in my book. Remind me never to hold anything in custody in Arizona. Repeal this piece of crap.

we should

I think more states should have laws like "holders must deliver the abandoned Bitcoin to the state". That's hilarious.

GFY, state! 😂