The delusions behind a bitcoin strategic reserve https://www.ft.com/content/73fa6fd9-6f34-4e59-8f0f-04de3be7387a - ThreadSky

financialtimes.com • 92 days ago

The delusions behind a bitcoin strategic reserve

https://www.ft.com/content/73fa6fd9-6f34-4e59-8f0f-04de3be7387a

Comments

Great article. It's such a shame there isn't any anti-crypto information in main stream media because the crypto lobby suppresses it to keep the ponzi going.

sportshyperbole.bsky.social•92 days ago

I’m tired of postings that require me to subscribe in order to read entire post. If I can’t read for free don’t post!

granko.bsky.social•91 days ago

The true delusion is believing the short and torrid romance between “bit” and “coin” could ever last.. I have a”bit” “coin”..??? Madness.

pickledmango.bsky.social•92 days ago

All I got from the article was, if it weren't for those dang hodlers it would be a genius idea.

I mean, ok.

makertaker.bsky.social•92 days ago

Bitcoin has the benefit of continuing to prove its doubters wrong, which makes it harder to land legitimate points like this one against the believers.

intenseslacker.bsky.social•92 days ago

Just gonna be another pump and dump but taxpayers are the bag holders

youngawakenice.bsky.social•91 days ago

Who issued Bitcoin to dump?

paulriz504.bsky.social•92 days ago

I mean the easiest way to obtain it is too just use a national security law (one of many that exist) and just seize it from Saylor as a national security interest.

If you guys want to treat it like Uranium or something lol

youngawakenice.bsky.social•91 days ago

How would the government seize it?

paulriz504.bsky.social•91 days ago

Supreme Court said Trump can kill someone and be immune.

How about the IRS? How about send in the DoJ? Government has a lot of ways if it ever got that corrupt.

It is crazy Bitcoin guys want some reserve of it.

acefujiwara.bsky.social•92 days ago

the single point of failure for bitcoin to be even considered some type of strategic reserve is the following below. from even an optimistic financial perspective, the risk is simply too great for it to be a reserve asset.

https://www.investopedia.com/news/20-all-btc-lost-unrecoverable-study-shows/

pickledmango.bsky.social•92 days ago

I don't know. I've seen better arguments than "you might lose your wallet keys."

netmojo.ca•91 days ago

Asking $59/mo to read your drivel is delusional. Make it a few sats over Lightning for the one article, I would have paid it. ⚡️

sniffwow.bsky.social•92 days ago

Dumbest idea ever.

If individual financial gamblers want to gamble on Bitcoin then go for it.

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