Avatar
Kush
c0d472c61d402b4a520804c14247aec97f3778a0a43fe347ce53bae7be75376b
I’m a regular bod born & bred in South London of Jamaican parents. Was fooled into crypto via a scam, got rugged. Went altcoin, got hacked. Found Bitcoin, ain’t looked back!
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.

This idea is feasible and doable. My feeling is it’s dependant upon a government’s leadership going wholeheartedly down the bitcoin rabbit hole much like Michael Saylor with has MSTR.

It requires a full on governmental commitment to moving to a bitcoin standard for the long term and all that entails by way of a comprehensive revision of their approach to transforming financial systems and national economies.

It’s a big ask if government has a mixed agenda.

They are taking the fucking piss

Replying to Avatar plebiANON

I quit my fiat job, and my last day was yesterday. I begin a new chapter of my life by joining nostr:npub1u8umhxc4ewe7f8qvs9pxjtcs3qagnzvv5qal7kf7fq08zsuwhawqyu2gqg as the CEO. I’m going to make sure we have a bigger presence on here, and my nym status to the 7 people that don’t know me will be doxxed via some very cursory web searching and a rip I did with nostr:npub1hghnjjpnvkz8t6gkszuf37d7puwc2qtxc65rnklqsngzv6kkug9qhhfyz2 that will air in the future. Love all you pleb Nostriches on here, and please come to me with feedback as you see us out in the wild. Exciting times ahead.

Luv it Blebi and live it!