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 de...
I haven't read the draft and don't particularly care to read too much between the lines. I'm trying to look at the big picture, which is this:
"The government will ban bitcoin" narrative has been quite strong for the whole existence of bitcoin, and it hasn't been completely made up.
While a complete ban would of course be unenforceable, even with the Biden administration there have been quite strong attacks on bitcoin and there are powerful forces that would like to see it go away.
Bitcoin would have survived any ban, but those people wouldn't have been afraid to throw bitcoiners in jail.
Now, instead of banning bitcoin, the government is ADOPTING bitcoin. Sure, it won't be done 100% perfectly from the get-go, but please take the win when it is offered.
Have more faith in the ability of bitcoin to fix things!
"The government will ban bitcoin" narrative has been quite strong for the whole existence of bitcoin, and it hasn't been completely made up.
While a complete ban would of course be unenforceable, even with the Biden administration there have been quite strong attacks on bitcoin and there are powerful forces that would like to see it go away.
Bitcoin would have survived any ban, but those people wouldn't have been afraid to throw bitcoiners in jail.
Now, instead of banning bitcoin, the government is ADOPTING bitcoin. Sure, it won't be done 100% perfectly from the get-go, but please take the win when it is offered.
Have more faith in the ability of bitcoin to fix things!
❤️5