@martypartymusic What is your source for claiming US is going to announce SBR and crypto stockpile whilst using central bank reserves and sovereign wealth funds? That is what youre implying correct? Sure, the reserves are 13t each but that doesnt mean that money is going into bitcoin.
@RyanDBledsoe Just subscribed to your patreon for the year Ryan. Appreciate what you do brother. Profound changes in my life from the positivity you spread. Keep it up!
@MarkJCarney You go first. Pull your daughter out of Harvard, sell your house in the USA, sell your stocks in American Companies, and get Brookfield to HQ in Canada again. Iโll take it seriously when you do!
This is the only correct answer, though I would go a lot further than that (though Im pretty sure its not what the General means). The point is not just to obtain enough hash to make sure that you can always move your money, it is arguably also to ensure that your enemies can't.
This isn't done by censoring transactions โ which would just make your enemies txs slower โ but by censoring entire blocks, thus creating the (censored) US Gov approved chain, and the (uncensored) black market chain that would likely see anyone transacting on it face serious ML & sanctions evasion risks.
The problem is that this play only works if the USG sets enough incentives for miners to stay in the US even in the face of censorship likely in the form of energy subsidies and safe havens โ which, fyi, has been widely discussed amongst miners and gov for the past years.
So why would they want to do this? BPI lays this out in some of its papers, under the premise of "China wants to censor you": because global trade is quickly moving toward the Digital Yuan and other alternatives like BTC, so it factually *is* a matter of national security to control as much hash as possible.
(In addition to this, of course, is the already censorable stablecoin to ensure Dollar expansion: as Governments and global trade wean off USD, you need to ensure that enough useful idiots on the planet will continue to purchase USD out of their own volition.)
But neither Lowery, nor the BPI, nor this decorated Admiral can nor do actually say any of these things. For one, likely because you cannot simply announce to the world that the Dollar is unfathomably cooked as world reserve currency when you work in/with Government, and two, because the entire point of this gobledegook is to manufacture consent for the existence of a censored chain.
So congratulations everybody. You are cheering on censored bitcoin and the continued debt slavery of the entire global south. Or maybe I should go read a book or something.
(We have a great article coming out about this soon (tm))