Replies (59)

Of course not. Good lesson in here about knowing who you’re dealing with. Bullish on people getting back to bottom up education on bitcoin, and separating views on bitcoin from partisan politics. Onward!
There are many voices who said that Trump doesn’t understand the difference. I think he does. He just wants to pump the bags of his friends. And that totally aligns with his meme coin.
do people forget that government takes money from industry to create and enforce regulatory moats? that's like their whole thing. but this time it'll be different? because seasons ?
We all had fun with it. Tried to ignore the obvious. Apparently it’s a path everyone has to take. You have to shitcoin for a year before you see the truth 😅
It is a godsend. Maybe some kind of Spirit of Satoshi is giving the NgU Bitcoiners one more chance to focus on getting thousands of more people to get bitcoins instead of the state and whales. We were supposed to front run the fuckers, not vice versa. And we are the strategic reserve. Always have been.
If the US starts a shitcoin reserve incl. btc. In game theory it will encourage other countries to also set up a reserve. But does anyone really believe that Russia, China or the UAE will buy US centralized coins like ADA, SOL or XRP?
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nobody 1 year ago
lmao it’s like what should I do to pump my bags, oh let me add three shitcoins. and then someone told him no u need to add btc and eth as well. None of this is in the EO btw. The EO talks about a “potential stockpile”not a reserve. Pumping bags after failed meeting with Z, that is all image
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Cucucubarsi 1 year ago
Mostly disappointed at this admin and all the bitcoiners that have fully aligned with it.
i really wanted to believe that fat lifelong grifter fuck would do the right thing on this one... sad.
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Toby McMann 1 year ago
Heck, even those that understand and promote bitcoin, decentralization and freedom tech (and, I wouldn't count Trump in this group), choose centralized, walled gardens of X, etc. So, why would we expect Trump, who issued his own shitcoin, to favor bitcoin and freedom?
What will be interesting to watch is if Gulf countries now come forward to disclose they own #bitcoin but we’re waiting for the US to announce first
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John 1 year ago
No Lyn I’m not surprised at all. I’m actually concerned about trump making a mockery of Bitcoin. I’ve never trusted the guy
not at all lol. Basically doing the exact same thing I did when I first got into this space. In time I realized Bitcoin is the only one that matters and all others were imitation.
The strategic reserve (and other sovereigns entering) increases BTC adoption but ultimately goes against the ethos and end-use cases of BTC? Curious what % of BTC supply being held by sovereigns is the sweet spot today (and how that changes over time). @Michael Saylor maybe you can enlighten as well when you are avail.
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cinta 1 year ago
they shouls just keep the fiat and monetary system , and make crypto currency as alternative
A lot of people still seemed surprised and don't understand the reason. Money talks. When Trump received all the campaign donations from crypto lobbyists, he made promises to do things like this. Which is why he announced the shitcoins before the Bitcoin. Likely aimed to pump their bags so they could offload on retail a bit before he said anything about the main assets of Bitcoin and Ethereum. And he also clearly doesn't care about the naming of it, referring to it as a reserve instead of a stockpile. Announcing crypto also indicates that he plans to actively buy to add to the reserve. Whether or not this extends to Bitcoin is another question though.
I fell the US really want to be the Bitcoin Capital of the world, and will use anything to have that liquidity... so they will use all the shitcoin "testnets for Bitcoin" to absorve that greedy new capital and move it to Bitcoin .
Smokescreen for him, keep the eyes off of $TRUMP so he can plead ignorance by showing it to the entire world. Planned. Why? He made the most money of his life the day before inauguration, no tennis shoes, bibles made in China, steaks well done with ketchup, NFTs right out of Idiocracy, just cold/hard cash deposited in his bank accounts in less than 24 hours. SWEET.
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Cole Albon 1 year ago
Relax, this is just a bunch of golfers deciding not to count the practice round towards their handicap.
Or maybe it's this... 1) Talk up BTC SR. 2) Announce SR will include shitcoins. 3) Those opposed to a BTC SR now really freak out. 4) The president pulls back, "OK, it will be Bitcoin only". 5) Those opposed pipe down and accept a BTC SR.