MoneRogue on nostr

The fact that people in the #Bitcoin community think a government-run BTC "Strategic Reserve" is a good idea is genuinely sad. It is counterproductive to everything that Natoshi Sakamoto would support.

Isn't one of the selling points behind BTC is that it's not owned by any institution?

Susiebdds @Susiebdds · 61w

Lawmakers in these countries are proposing a Bitcoin Strategic Reserve: •US •Japan •Russia •Brazil •Poland •Venezuela Accelerate.

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Nina Chopra · 61w

The government buying bitcoins (the coins) is not related to it owning the Bitcoin network.

bookguy · 61w

Individuals still control the majority of supply. Everyone with internet access, including governments, can opt in anytime they want https://image.nostr.build/c13ad1821ddf3dd90554f815dd85395eeb3ac871b44241c27576f19ec4f871cf.jpg

MoneRogue · 61w

The problem with a Bitcoin reserve or standard is that it leads to the very problem that Bitcoin was intended to solve: Centralized currency. Take some countries like El Salvador that have straight up adopted it as legal tender, for example. I apologize if I come across as a negative Nancy to a lot...

The_Justifyer · 61w

It is not owned by any government. And in the end it doesn’t matter - bitcoin doesn’t need any government to grow. It’ll just accelerate the mass adaptation. Just imagine the Trojan horse- once in the “city“ it won’t go away anymore. And because it is not proof of stake it doesn’t matt...