@Bronx_Lyric84@1MarkMoss let's tell the Bitcoin marketing dept to stop marketing. how much xrp did Brad G sell to fund Harris' campaign and now Trump's?
Here’s what worries me. Things haven’t been that “gradual” with adoption so far. Disregard the impactful news that has yet to be digested (like the SBR) and consider just Bitcoin strategies implemented.
I would have preferred that #BitcoinBonds were launched a few years ago, a few more countries adopted some strategies in 2023, and a few more major corporations started treasuries in 2024 (MSFT last year and GME a month ago would have been ideal).
Now it really seems it’s all coming to a head. Once the U.S. SBR news is fully understood and everyone starts on implementing Bitcoin strategies, it could all go very very fast.
Basically, the less “gradual” practical movement, the more explosive “suddenly” will be.
Expect Omega. ♎️
Plan accordingly.
None of the Bitcoin in my Strategic Reserve, acquired at no incremental cost to myself, using my budget-neutral strategy, will be sold. It will show why a Bitcoin reserve is a bad idea. I'm going down with the ship so others never get on board.
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@IOHK_Charles how is it a win for you when the white house says "The Sec of Treas may determine strategies for responsible stewardship including potential sales from the US Digital Asset Stockpile" - which your shitcoin is part of? We only need Bitcoin
@JasonTrading589 i guess our views are different and maybe that is your military background where you survive at all costs even if it means sacrificing any beliefs or hopes for a better world for profit? i'm deep in BTC profits myself but can feel good about it because i've achieved it ethically
@NeckbeardActual@tyler@Gemini accountability.. yeah right. its the human element of corruption that got us into this mess in the first place. we need to remove the corruption and concentrated power you fool
@JasonTrading589 don't worry about me, i'm very prepared. so it doesn't bother you that Brad Garlinghouse is in support of 10 CBDCs for countries all over the world? don't be a sellout
🇺🇸 Trump announces the "Crypto Strategic Reserve": immediate uproar in the Bitcoin community
U.S. President Donald Trump has announced the creation of a strategic digital asset reserve that will include Bitcoin, Ether, XRP, Solana, and Cardano.
The initial exclusion of Bitcoin and the subsequent clarification by the tycoon have sparked controversy within the Bitcoin community.
Figures like @Excellion and @saifedean have harshly criticized the decision, calling it "a sad day for America" and comparing altcoins to "useless databases."
Even @PeterSchiff, a well-known Bitcoin critic, has opposed the idea of a strategic reserve in XRP.
Atlas21's article in the first comment. ⬇️
TL;DR:
- Trump can't just pick what goes into a Strategic Crypto Reserve.
- There will be some report/proposal with criteria for what goes into a reserve, then Congress will need to approve.
- It's highly unlikely that they can formulate serious criteria that allows shitcoins like XRP to pass and not [insert random memecoin].
- The Crypto Reserve will likely be Bitcoin and few other PoW coins.
- It's likely that the Crypto Reserve will come into existence because Trump seems set on fulfilling his "Crypto Capital" promise.
- If the Crypto Reserve gets stacked with random shitcoins, prepare to accelerate into degeneracy like never before.
Plan accordingly.
I've been thinking about the US Strategic Bitcoin/Crypto Reserve and there are two possible outcomes:
1⃣ The reserve is $BTC and none of the mentioned altcoins actually make it in
2⃣ We're going to accelerate into degeneracy unlike anything seen before
Long thread time. 🧵👇