Yeah that is funny but to some people that’s true. I imagine a large portion of bitcoin holders see it as an investment opportunity to gain more fiat.

It's not a fiat thing, it's a preserving and growing purchasing power thing. But the nuance there is very small, that is true. I agree with him that it sucks when the government spends money on stuff you don't like. If he wanted to abolish these absurd taxes and cut spending I'd stand right beside him. Unfortunately he's a communist who would be more than happy to spend my money on things he likes, so I have no sympathy.

He does not seem aware its Bitcoin .. but to this point. I'm not sure how this reduces any debt. Unless .. the USGov't sells all their gold and basically sends in tanks to blow the Federal Reserve Banks to smithereens. The the amount of US dollars can be declared FIXED. Based on the amount of Bitcoin held in reserve. Bitcoin could then be declared LEGAL TENDER ... and that would be it.

It's just a sly way to debase your currency without having to actively default on the debt. Very similar to the one trillion dollar coin idea except it's Bitcoin and is actual money which is already used by millions. Devalue dollars, buy Bitcoin, Bitcoin goes up, pay off dollar denominated debts. Their proposal estimated it would be worth 16T in 20 years lmao.

I've been a #Bitcoin maxi for quite a while now & this is the cycle where I finally began to study the mentality of "no-coiners". I had an epiphany a few months ago after an IRL convo that most of their mentality & reasoning simply boils down to what I call "incumbency bias". We are the assholes that come out of nowhere & tell them that everything that they have ever believed in is a lie; that's an impossible pill to swallow for most.