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.

Ark will 10x the Lightning self custodial user experience.

The days of channels and liquidity management are behind us.

Just swap.

(no soft fork needed)

👾

interesting that ark doesn’t require any soft forks, i need to refresh my memory on ark (read about it few months back)

btw the whole #ark website, logo and moto seems to have changed

the new site doesn’t mention/talk about privacy or being anonymous via ark, AT ALL

why ?

has anything changed in the background or will it still work as intended on the privacy part ?

thanks

What’s the best documentary you’ve ever seen?

My 14-month-old son just looked me straight in the eyes and said “dad, with the interest expense on the national at over $1 trillion per year, isn’t the Fed’s only option to print their way out of this with the largest monetary debasement event in history?”

What should I tell him?