Oddbean new post about login | logout U.S. Bitcoin Reserve https://bitbo.io/news/lummis-bitcoin-reserve-trump/ Posted via 🛰️ #Satcom (https://satcom.app)
This cycle is gonna wild innit?
In more ways that one.
Hello, here is Germany. We sold all our Bitcoin at 58k. LOL. NEIN NEIN NEIN.
Being an anarchist I'm very reserved about government organization's stacking sats, but @Excellion changed my mind. They will come for our money if they go broke, so better to let them mine their own instead of coming for ours.
Or at least introduce them to the ethos of Bitcoin in hopes of them becoming Bitcoiners. Give a collectivist some sats and they will come to you for more. Convert a collectivist to Bitcoin and they will respect your sovereignty forever.
I appreciate your unfailing faith in humanity 🧡. I'm cautiously optimistic that a seat of such power can respect the will of others, but I've been surprised before. So far as we continue to make it difficult for anyone to infringe on our sovereignty I think we do well.
The only way it makes sense is if they buy until $1.00 = 1,000 sats and then LOCK the value of the US Dollar to Bitcoin. Then it would mean something. If they just buy to buy and hold, it helps the price but doesn't help the country much.