Oddbean new post about | logout
▲ ▼
Joel_Walbert | 3 months ago (raw) | root | parent | reply | flag +4 
 He understands bitcoin in the same manner a string understands string theory. Its election season pandering.
▲ ▼
Ivan | 3 months ago (raw) | root | parent | reply | flag +1 
 Yea but good to know we matter now and they got to pander to us. We shall see what he actually does when he gets in. He definately has people closer to him that get it like Vivek and Lummis. Much better than the current adminstration.  Best approach is hands off one let the space grow stop arresting developers.
▲ ▼
Joel_Walbert | 3 months ago (raw) | root | parent | reply | flag 
 Any approach other than hands off is a bad one imho. Obviously cant stop DC from buying, but nothing good can come from a band of criminals hording btc. Dont know  if you saw, but apparently they other day $2 bil worth was sold right at the same time 1.7 bil was ok'd for Ukraine.
▲ ▼
Freedom Tech | 3 months ago (raw) | root | parent | reply | flag +2 
 For some reason I can see it going something like this....

The Republicans and Democrats will buy up all the Bitcoin, put it in a government reserve I'm going to call "Fort Knoxstr" and use that to back CBDC money. (possibly linked to your credit score)

Initially you may be able to trade your CBDC money in exchange for Bitcoin, but over time the Democrats and the Republicans will remove the Bitcoin backing from the CBDC money, and just zap CBDC money any time they feel like it.

And they will have all the Bitcoin locked up in Fort Knoxstr where nobody can get to it.
▲ ▼
Joel_Walbert | 3 months ago (raw) | root | parent | reply | flag +2 
 Well, gotta say that sounds very possible, or something quite similar.🤘