🌸 Join Stacksy’s Ecosystem Explorer this Wednesday 🌸
We’re sitting down with @EdanYago from @BTC_OS to uncover how they’re supercharging #Bitcoin to make it more powerful and efficient.
We might even learn what ZK-Proof means. ☺️
📅 When: Wednesday 18th
🔗 Don’t miss out:
https://t.co/OqWR55Cns6
$BTC #BTCFI #DeFi #L2
I'm finally coming around. #Bitcoin fixes Social Security. I've got the plan:
The Social Security Trust Fund now owns about $2.7 trillion in Treasuries. It should sell all of those Treasuries and buy Bitcoin. This buying will surely send Bitcoin to the moon, especially since a new QE program will be required to buy all the Treasuries sold by the trust fund.
Assuming the Social Security Trust Fund manages to buy 25% of all Bitcoin, and that by the time it buys its last satoshi, Bitcoin is at $20 million, the Social Security Trust Fund will be worth over $100 trillion. The unfunded liability of Social Security is now estimated at just $23 trillion over the next 75 years. The Trust Fund will have such a large surplus that there will be no more talk of tax increases or raising the retirement age. Everyone wins. The Trust Fund could then use all the Social Security payroll taxes it collects to buy more Bitcoin, supporting the price of Bitcoin and maintaining the value of its only asset.
There’s just one small wrinkle. With all Social Security tax revenue being used to buy Bitcoin, how will the government pay its benefits? It's not like the Trust Fund could sell Bitcoin to cover those payments, as it would crash the market. So, like all true Bitcoiners, it must HODL.
Fortunately, there is a workable solution. The government declares Bitcoin a reserve asset, then deposits its Bitcoin as collateral at the Federal Reserve, which provides the cash needed to pay Social Security benefits. This arrangement is better for the government than the Fed holding Treasuries, as it doesn’t have to pay interest on Bitcoin, nor is there principal to repay. The Fed can simply HODL Bitcoin on its balance sheet indefinitely—the ultimate diamond hands.
After Bitcoin fixes Social Security, the government can move on to fixing everything else with Bitcoin. It's too bad it took Satoshi so long to come up with this cure-all.
1/ Exciting news today – Bitcoin L2 Labs has officially launched 🧡
We’re here to advance @Stacks core development and push forward Bitcoin Layer 2 adoption, building on the recent Nakamoto upgrade. 🧵
hearing whispers in our ecosystem that the next 4-6 weeks are going to be epic: so many things coming together, kudos to all the hard work behind. it’s time for bitcoin and bitcoin l2s to shine 🟧
🚨 Attention Stackers! 🚨
📥Go vote for SIP-028 - a critical proposal for selecting $sBTC Signers and ensuring the security, reliability, and decentralization of the $sBTC protocol. Your vote shapes the future of #Bitcoin on @Stacks! 🧡
How to Vote:
1️⃣ Go to https://t.co/dme9OGvjIi
2️⃣ Connect your wallet
3️⃣ Cast your “Yes” or “No” vote
⏰ Deadline: Today!
@StacksLink #SIP $STX