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Taking Care of Bitcoin
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Taking Care of Bitcoin Podcast
Replying to Avatar Marty Bent

As someone who would like to see the federal government in the US shrunk dramatically, I believe a strategic bitcoin reserve accumulated via a mechanism like Bit Bonds is the only viable path to make a smaller government possible.

This may seem counterintuitive - "if the US government acquires bitcoin it makes them stronger." However, when you take a step back and think of the problem of the ever expanding federal government you realize that a large part of the problem is driven by the need to roll over debt by issuing new debt to pay it back.

This leads to a forced expansion of the federal government that can only be reversed if something new is introduced that can defease the debt without having to issue new paper. As it stands today, bitcoin is the only thing that can practically produce this defeasment.

The beauty of the bit bond idea is that it expedites the debt pay back by enabling the Tresury to issue longer-term bonds at lower rates, which works to decrease interest payments on debt that is being rolled over. An incredible kickstarting mechanism that provides immediate results. Imagine being able to point at the chart of the interest expense on the debt and show that the number is falling.

Bitcoin is for anyone, including governments, and it is a great asset that enables individuals, businesses and governments to think creatively by leveraging the benefits that come with adopting it during its monetization phase.

The path to shrinking the federal government dramatically over the next few decades only exists in a world in which the government adopts bitcoin as a strategic asset to begin paying back the debt.

Bitcoin is inside the castle walls now.

Watch this game theory run wild in there.

They've played so much 4D chess, they just checkmated themselves.

Bitcoin Strategic Reserve...

Bitbonds...

Question...

In the short term, are we witnessing the birth of an unholy alliance? Is the Bitcoin/Dollar relationship shifting from adversarial to cooperative?

The fixed income market is dying.

It just doesn't realize it quite yet.

There will be two options moving forward:

Force treasury purchases via global stablecoin issuance.

Bitbonds. Incentivize treasury buying by offering upside exposure to Bitcoin with downside protection.

Convincing people Bitcoin is valuable can be difficult.

Luckily, moving forward, the empirical world will do the convincing for us.

The most prosperous individuals will hold Bitcoin.

The most successful businesses will hold Bitcoin.

The most powerful nations will hold Bitcoin.

Happy Pi Day, nerds! 🤓🥧

NEW EPISODE

Bitcoin is for Law Enforcement!

Taking Care of Bitcoin with Law Enforcement Officer Riza Ozkan! https://video.nostr.build/6fc75fe631f5d0a414b796223cebb972b35a112344ea7164dbb0ee602475e918.mp4

The political right is attempting to rectify Triffin's Dilemma with tariffs.

The political left is attempting to rectify wealth inequality with redistribution.

Both are treating symptoms instead of the disease. The disease is broken money.

Anyone ever work on their taxes and think...

How in the hell did we go from...

“Don't fire until you see the whites of their eyes”

to

this absolutely, abject, exploitative mess?

Asking for a few million friends.

🇺🇸

Global investors are long real estate...

they're long bonds...

they're long equities...

They refuse to see Bitcoin because Bitcoin exposes a pretty unnerving fact.

All of their investments are significantly overvalued.

People ask whether governments getting involved with Bitcoin is against the Bitcoin ethos.

Bitcoin is just mathematics.

It doesn't care about ethos.

The game theory takes us here, regardless of anyone's political opinion about it.

Central Bank Digital Currencies are surveillance disguised as money.

Bitcoin, on the other hand, is freedom disguised as money.

The choice is obvious.

It's incredible how ardently people will defend a money that steals from them when presented with a money that doesn't.

Stockholm syndrome is real.

We aren't meant to be caged.

Come on out of there.

“I believe that banking institutions are more dangerous to our liberties than standing armies.

The issuing power should be taken from the banks and restored to the people to whom it properly belongs.”

~Thomas Jefferson

We know what needs to be done.

🇺🇸

The temptation to enrich oneself through political office is undeniably strong.

But, there comes a time to be a statesman. To do the right thing for your country, despite your personal incentives.

David Sacks, now is that time.

The American people are counting on you 🇺🇸