Avatar
ala
773094538c10a09ce17bf7f2a164c2731a46c34cf9c80fa6c260c5cfcdb4bab6
Achieving Lasting Autonomy ∞ / 21M

Mainstream did not get it, yet!

Probably the last year for a normie become a wholecoiner

GM Relai! You are amazing!

But Bitcoin is the only one with finite pre-determined supply.

Haw can FOMC change Bitcoin price today?

Replying to Avatar L0la L33tz

David Bailey just posted the draft for an executive order for the Bitcoin Strategic Reserve under Trump – and it's an absolute nightmare for anyone using bitcoin as money.

First, the draft order defines Bitcoin as "a finite store-of-value asset, akin to digital gold."

As someone who has lived on Bitcoin for a fairly long time, I can say that Bitcoin is not merely a "store-of-value asset", but a money for payment and day to day purchases.

Defining Bitcoin as a "store-of-value asset" reinforces the ossification narrative (who needs to move a stonk several times in a day?) which may put developers at risk when prioritizing changes to btc to make it more usable as money (think scaling for example).

With this definition, a softfork to activate covenants may become an issue of US national security that goes against the US' definition of its primary goals - directly putting developers in the firing line of the United States Government.

The draft states that federal agencies, such as the US Marshall's Service, may not auction seized Bitcoin off, but must contribute them to the strategic reserve.

This not only reduces the Bitcoin in circulation available to the public, but additionally sets the incentive for the US to increase its seizing efforts – think increased AML/KYC.

While I'm no fan of the strategic reserve in general, this draft is an even bigger disappointment than Sen. Lummis' proposed Bitcoin Act.

To compare this to how El Salvador has implemented Bitcoin, which I admit I initially wasn't a fan of either, ES directly gives citizens rights to use Bitcoin as money - which is a huge upside to benefit the people, and not just the national security state.

No offense, but letting a couple of children that just graduated college and a guy who runs a magazine draft US policy is a scene straight out of idiocracy.

Next time, maybe try speaking to the people actually building and using bitcoin, not just to the boomers and national security goons that sit on the money like a fat kid at the cake buffet.

Incredibly unprofessional conduct here by BPI, a huge risk to anyone using Bitcoin for anything other than an investment, and a testament to the people involved being more interested in furthering their own importance than to empower people with a money without state.

Sincerely hope that this EO is drastically challenged on all levels and hopefully somehow deemed unconstitutional to protect btc and the people developing it.

Great analysis about "Bitcoin policy" draft

nostr:note1vl2khgack5mnwecv8h55lmfz8xkl0agqrprj3q47qmtem6pa6fyqnus5gw

Unrealized in terms of weak fiat money. In terms of Bitcoin, 🇸🇻 El Salvador holds 0.028% of all Bitcoin ever available and it does not need any "fiat profit". That is huge for such a small and poor country which is building its path to real sovereignty.

Ok... Broken again

According to ChatGPT:

"For an average U.S. family, acquiring 1 Bitcoin in 2024 is nearly impossible in the short term without extraordinary income, significant lifestyle changes, or drastic cuts in expenses. Even in one of the world’s wealthiest economies, 1 Bitcoin represents a long-term goal for most households. As a result, the realistic focus shifts to accumulating fractions of BTC (satoshis) instead."

Natural processes...

Thank you for the prize!

"Microsoft turned into an inertial company rather than an innovative one. They couldn't see iPhone coming, now they cannot see Bitcoin as well..."

nostr:note1a000hm83ge7fe2cwxhav2tdc4whnnrpqmnztlxdsr3mczmrqzv5s4r6c9r

Parece um esquema bem robusto. Difícil entender os detalhes, mas parece que são aqueles contratos inteligentes.

Muito legal. Vou esperar popularizar mais e testar.

Também não devo vender meus satoshinhos. Quando precisar vou fazer esses empréstimos.

Value pela dica!