Oddbean

People swooning over RFK's pledge to make the US Government horde Bitcoin are completely wrong to think it is a clever move. It isn't. What it does is prove that RFK has been brainwashed into the Bitcoin Cult "Hodl" mindset, which is an unfortunate, but short term aberration. What the correct policy is is that Uncle Sam should begin to take Bitcoin as a method of payment for all US Taxes. By doing this, Uncle Sam will begin to build up a Fort Knox level hoard of Bitcoin, collected through the normal process of government, which everyone must accept. The people saying that the US Government should have a strategic Bitcoin Reserve are making the claim that Uncle Sam should make a bet against the Federal Reserve. That's crazy. Niy of course, Bitcoiners know that the Federal Reserve isn't Federal at all, and is a private consortium created to steal from the American people. But we're not talking about that today. The correct strategy is to allow Americans to pay taxes in Bitcoin. To incentivise this, a 1% discount should be offered to all taxpayers paying in Bitcoin. If this were the policy, Uncle Sam would very quickly develop a large hoard of Bitcoin, through the normal process of government. ************* I WANT YOUR BITCOIN! ************* https://m.primal.net/JgSB.png