Quote from: BlackHatCoiner on Today at 02:31:47 PM

Quote from: legiteum on Today at 01:41:57 PM

You really want the US to be able to control the price of Bitcoin? Seriously? That's what having a reserve means, you know. That is why the US has a strategic reserve of oil, for instance.

What I want is irrelevant. What matters is the endgame. Bitcoin is the best money we ever had. It's a matter of time until it becomes the universal store of value, one could even argue the "world reserve currency". If it's inevitable to happen, then I'd rather it happening sooner rather than later.

And allowing the US government to control the price of it will achieve that... how exactly?

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Essentially, they plan to convert existing federal assets into bitcoin. This means that strategic reserves, which have already been taxed, are currently held in non-bitcoin assets. If I was American, I'd rather my confiscated money be used to strengthen the nation's financial security for the future, than be diluted into assets like gold that are gradually getting demonetized.

No, taxes dollars are used to... pay for stuff like people's retirement and the military. Why would the US buy anything if the intent was not to sell it at a profit later?

You basically asking the US to perform the world's largest-ever rug-pull. Cheesy

And remember that when you are asking a government to do something for you, you are subjecting yourself to the whims of politics and politicians. You are basically asking for Washington DC to be able to dictate the price of Bitcoin. If they like you, they will buy more and pump your investment. If they don't like you, they will sell and screw you over.

And if the price of Bitcoin became a strategic asset of the United States, do you actually think they would not move to control it? That's pretty naive.

It sounds like you are asking for free money from US taxpayers and not expecting to pay anything back. Good luck with that.