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Alan Siefert
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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.

Hope it doesn’t affect Bitcoin scaling tech. I’m a bit optimistic that this will be viewed by devs similarly to something like a hypothetical government ban on privacy tech or even Bitcoin itself - devs will pursue doing what needs to be done anyway.

Turn it on the authorities. Use it to dox any police who come to your house to “talk.” Make undercover work by feds hard to pull off. Direct your headset to highlight all cameras in view and provide an assessment on who’s likely operating them. Give yourself superhuman vigilance when in public - headset keeps track of objects in 360 degrees while AI assistant reports suspicious people behind you. We don’t have to let it help the authorities more than it helps us.

nostr:note14ul2gjkvh59klfurfkkymdfsyzswx764pvm2nf9ee2c4gx6e70ssccmcml

nostr:npub1pww7030g95nv9ptfpgfu69jpfxj6pm33xxueztsupwekce45wx4sm6en60 should consider having a warrant canary on his website, considering he seems to be the most popular coordinator and there are occasional flaws disclosed in Wasabi that allow coordinators to deanonymize clients.

I wish I had the space and time to try building one of these!

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Most likely to drum up support for more surveillance (we need more cameras and radio direction finders everywhere).

This is a sad example of why it’s good to have the AI running locally. https://aftermath.site/moxie-robot-ai-dying-llm-embodied

Yeah that is true. I’m not sure what actual Microsoft apps are included, but if it’s the office apps people are worried about, LibreOffice seems similar enough in UX to Microsoft Office.

Seems silly but there may be lots of people who really want to get off of Windows but don’t want to spend the time learning a new OS before continuing with tasks.

Good DIY 21st century weapon fun. Copy to a decentralized nostr alternative before YT takes it down! https://www.youtube.com/watch?v=IrocytwdeEY

I respect his politics, but his continued insistence that not wanting every small Bitcoin transaction to get put on the blockchain is a conspiracy is tiring.

Sadly for the Kurds, it’s likely just a matter of not much time before the US completely abandons them in Syria.

Israel claims their occupation of the Golan buffer zone is pending “[establishment of] neighborly relations and peaceful relations with the new forces emerging in Syria” as they bomb literally every piece of military equipment and infrastructure they can find. It’s almost comical.