It also opens up state sponsored shitcoinery. The battle goes on.
Here is the full SB 21 (Texas Strategic Bitcoin Reserve) that passed the State Senate today.
https://legiscan.com/TX/text/SB21/id/3152029/Texas-2025-SB21-Comm_Sub.html
Of note are the explicit carve outs that allow for shitcoinery, including proceeds from any distributions “Pursuant to an airdrop to the state’s cryptocurrency addresses.” Paving the way for state sponsored shitcoins.
From the bill:
“2) bitcoin and other cryptocurrencies can serve as a
hedge against inflation and economic volatility; and
(3) subject to Section 403.704, bitcoin and other
cryptocurrency purchased using money in or received by the reserve,
including any cryptocurrency:
(A) derived from the fork of a distributed
ledger; or
(B) distributed pursuant to an airdrop to the
state's cryptocurrency addresses;…”
If link doesn’t work try here and navigate to the full bill: https://legiscan.com/TX/text/SB21/id/3152029
Here is the full SB 21 (Texas Strategic Bitcoin Reserve) that passed the State Senate today.
https://legiscan.com/TX/text/SB21/id/3152029/Texas-2025-SB21-Comm_Sub.html
Of note are the explicit carve outs that allow for shitcoinery, including proceeds from any distributions “Pursuant to an airdrop to the state’s cryptocurrency addresses.” Paving the way for state sponsored shitcoins.
From the bill:
“2) bitcoin and other cryptocurrencies can serve as a
hedge against inflation and economic volatility; and
(3) subject to Section 403.704, bitcoin and other
cryptocurrency purchased using money in or received by the reserve,
including any cryptocurrency:
(A) derived from the fork of a distributed
ledger; or
(B) distributed pursuant to an airdrop to the
state's cryptocurrency addresses;…”
There’s something inherently satisfying about taking your paycheck in bitcoin that makes you more comfortable with the volatility. Which seems backwards. From the outside in you’d think it would make you more price sensitive. It doesn’t.
A windage check heading into the summit:
My take, announce no further sales of seized BTC as the start of the reserve, then throw support behind a congressional bill to establish procurement. I don’t believe we will see any U.S. buying unless money is allocated through congress - which may never happen.
#1 hiring mistake I see.
Finding the job for the person rather than finding the right person for the job.
All DEI campaigns can be categorized in the former.
Some of you tech-minded people on here are scary smart. Half the time I don’t know what the hell you’re building, but I will use it when you’re done!
Keep building. Or whatever you’re doing. I appreciate it.
The trades have a real shortage of competence. Any young-folk with a mid-level intelligence can quickly rise through the ranks.
Trade work is more than manual labor, there are entire teams of back office management required to build modern buildings. And what’s better, they can arbitrage early advancement and high salaries into more BITCOIN. Exploit the opportunity!
Primary source documents from top level government correspondence in 1832. Read a few and tell me the caliber of our governance hasn’t regressed.
Go back to hell, you’re not fooling anyone.
Seeing a whole lot of “we need to’s” and not a lot of “This is how’s”
For all this talk about gold being brought back as a neutral reserve asset. I was wondering if someone could verify the total supply for me?
Oh wait