Tinsley's avatar
Tinsley
npub1dtns...rtqh
Checkers not chess
The only ways for governments to accumulate bitcoin: A. Control government spending and buy bitcoin with a surplus of the dollars they bring in via taxes B. Print dollars and buy bitcoin with them C. Take it via force
I see @Marty Bent talking about the US stoking long duration bond interest by putting a small portion of bond sales into bitcoin and in turn paying down the debt as the price of Bitcoin rises significantly as the duration of the bond plays out. The issue with that is wouldn’t people would just buy bitcoin instead of bonds when they see it lapping the returns of a long duration bond until the bond payout rose to such heights that it competes with bitcoin’s returns?
Did we ever get the story about what happened with the Strike PoS integration announcement from the 2022 conference @jack mallers?
Some takeaways from the conference: - Trump doesn’t get bitcoin at all. He was clearly fed a few talking points by someone on his team but he has no real understanding. Then again this has only been a political issue for a few months now so we shouldn’t have expected him to be orange pilled. - His promises to protect the rights of Bitcoiners, stay out of Bitcoiners way when it comes to policy decisions, and hold 1% of the total supply are all very positive even though most feel let down because he didn’t commit to buying. - RFK is a real Bitcoiner. It’s a shame he has no real shot at the presidency as he’s clearly the top choice if you’re a single issue voter. Hopefully he joins Trumps team and advocates from inside.
Bitcoin and sound money aren’t intuitive because the average person knows next to zero about money not because they think our current money is the best option
So many of these “profound” ideas on how Bitcoin changes certain industries are literally just the effects of NGU