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45 Comments
At the end of the day everyone just wants their bags pumped
I just want to make money, that’s why I buy bitcoin 🙂
Omg, the government is gonna start a strategic bitcoin reserve 😀
Government use of Bitcoin does not interfere with my ability to use Bitcoin.
I genuinely don’t understand why this a difficult concept to grasp.
Government can do whatever tf it wants
Truth is people want financial gain. All this decentralized control and global money is bs. If the USA dollar collapses or the government declares martial law, then crypto will crash and be useless too. Infrastructure falls apart? What internet are you using? The simple truth is that everyone wants financial gain and the crypto bro attitude is fake. Sure it’s interesting to dex, cex, pool, bond, stake, bridge, etc., but it’s a hobby.
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They can own number of btcs but they cant own the network so its win win if they buy it
It makes sense. The government cant control bitcoin, but they can own it like everyone else. Them buying it has nothing to do with “trusting the government”
They cannot seize everyones bitcoins like they did with gold in 1929, they cannot “remove the gold standard” like they did in 1971, and they cannot print more bitcoin like they do with dollarso today
new money, is that so hard to understand?
Dude on the meme doesn’t believe in BTC, just wants to get profits and turn them to fiat. Typical Ken
This is like saying I don’t like gold anymore because of Ft. Knox. I can still not trust the government and have faith in stores of value outside of their system.
gov and banks don’t hold my Bitcoin. That’s the point
“I don’t trust the government, that’s why I use Bitcoin” guy isn’t the same guy as the second guy. Or, it is the second guy who just says that for clout because it sounds good. Most people holding crypto are doing so for profit, plain and simple. The US government starting a bitcoin reserve = pump our bags.
Bitcoin is money for enemies. Being permissionless, governments and other people you don’t like were always going to get in on it. At no point does this mean you need to trust the government. The beauty is they’ll have to play by Bitcoin’s rules, not the other way around. If they want to participate in some sound money and pump my bags at the same time, cool by me.
Both can be true at once.
One can distrust the government’s centralized control of currency because they can simply print more of it at will, thereby devaluing the existing supply through inflation. We are still feeling the effects of the money printing that occurred during the pandemic.
One can also be encouraged that Bitcoin is no longer on the fringes and has received mainstream support. The US government holding BTC — a decentralized currency that they can’t directly control — is likely the single most significant “validation” that BTC isn’t some smoke-and-mirrors pyramid scheme.
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Holding Bitcoin doesn’t give a government any control over it
Same as many already told you:
– value its not tied to the adoptee, but to its usage
– institutions cannot alter the code
– institutions cannot disrupt the decentralized infrastructure
– they cannot prevent self custody
– they cannot stop us from transact p2p
Doing one of the above, would require a degree of alignment and amount of money no state can easily obtain
The government and large corporations own more of it than you ever will?
Sounds a lot like regular money to me.
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It’s an open network for everyone (including governments and ETF issuers) to use… It’s inevitable 🤷♂️
OP doesn’t understand bitcoin or is great at engagement
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Please rug pull the government, lol.
Everyone’s brain is mush.
The government is legitimizing a decentralized currency. Mass adoption includes governments having to use it as well. A neutral reserve currency that confers no advantage to any one government is a good thing.
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“I have brain damage”
-OP
“Hey Google, what is a false equivalency fallacy?”
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There is a distinction between the government controlling the money and the government using the money.
You don’t understand.
Bitcoin is the perfect money and with it (and thus a deflationary monetary system) the government will slowly disassemble itself to only contain the necessary things.
Governments adopting BTC is actively contributing to the reduction of governments.
If the government loses its power over money it loses its power over most things which then naturally reduces its grips form our life’s. Bitcoin is the perfect democratic money and we will decide what happens in our countries and not some inefficient government.
Tell me you don’t understand Bitcoin without telling me.
I’m just happy to see the government acknowledge BTC
It is simple. Governments can hold it like any other person, not print and create more whenever they want to, like they do with fiat.
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Everyone you love and everyone you hate will acquire Bitcoin – including governments, dictators and politicians.
It’s called adversarial game theory.
Bitcoin harnesses human greed to achieve monetary freedom.
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I don’t believe anybody who claims they buy Btc bc its decentralized currency. It’s purchased as a speculative investment vehicle. Purchasers want the value of Btc to increase, but if you want a currency to act as a currency, it inherently needs to be stable enough to trade with. This is why countries all aim for 2% inflation; you don’t want to deflate your currency or your product becomes overvalued as well.
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Government can’t control Bitcoin, even if they start a strategic reserve
“I don’t trust the monetary system my government provides for us, as it allows banks, regulators and more persmission to take or even confiscate my money”
Ftfy.
I’m psyched the U.S. government is going to start a crypto reserve, because it means more scarcity which means my 50 bucks right now might turn into 5000 bucks in the future.
Not expecting a 10-fold in BTC but I’m not saying it’s impossible.
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Its because they have too…and most dont realize there are 2 forms of government operational in the USA.