Quote from: The Sceptical Chymist on Today at 04:12:32 PM

Quote from: PrivacyG on Today at 02:23:39 AM

Quote from: tread93 on Today at 02:04:46 AM

I think it’s pretty awesome that they are thinking about this strategic fund but today I read somewhere that the senator was suggesting we sell gold to buy Bitcoin?

That is stupid. It is stupid to think Bitcoin would help in any way strictly with the repayment of the U S Debt too. It is as if they were gambling Bitcoin to try and win the Jackpot. But instead of retiring, the end goal is to repay the Debt.

I just saw this link from a post on CMC, and I swear I hope April Fools' Day has come twice this year, because using taxpayers' dollars to fund bitcoin purchases is just downright irresponsible on the government's part. Trump might be pro-bitcoin and that's great and all, but what would happen if his administration set a fixed price for it, much like gold many years ago when it was worth exactly $20/Oz?

Think that couldn't happen? All of you people saying this is a great plan better put on your critical thinking caps or at least realize that bitcoin and governments should not mix. I'm not saying there shouldn't ever be any regulations or the like, but as far as a superpower country owning a lot of bitcoin....what could go wrong?

Maybe more better for US government not to rush their decision to make bitcoin as their global reserve. They should study every possibilities at least 1 year then consult their plan to many concern institution or people so that they can get right inputs that can help make their reserve plan to became more effective.

Since if they rush just like that and use the tax payers money then maybe they might encounter a lot of problems especially if they see a massive correction which is a normal occurrence on bitcoin.

Its really a great plan but we also need to consider the implication of their plans since if they didn't get it right then maybe the government will hate bitcoin if they didn't get what they expect from it. Proper planning is important to make everything work according to what they like to happen.