Quote from: LoyceV on Today at 08:35:09 AM

Quote from: Agbamoni on December 15, 2024, 10:06:45 PM

there should be a maximum limit to the quantity of Bitcoin that can be reserved by any county in the interval of one cycle.

Lol. What you're asking for is like hard-coding KYC in the Bitcoin protocol. Let's not do that. If anyone wants to try to buy all Bitcoins: let them. That's the beauty of a free market.

It seems to me that if Agbamoni starts from the mindset of setting limits, he will not be very much in favor of letting the free market regulate itself.

Quote from: BlackHatCoiner on Today at 01:45:05 PM

The enemy is not no-coiners. I don't care about a bunch of fools who don't understand basic economics. My concern goes to the money masters of America. Those people have historically used everything in their disposal to keep the world under a fiat standard, and now out of nowhere, the president promises the people bitcoin, a currency that completely undermines the purpose of fiat currency across the world. Something just doesn't add up.

For me it adds up. The one who talks about the strategic reserve believes in the free market, believes in a small state and low taxes. Banning CBDCs to me is as important as a strategic reserve, which is not often mentioned and which we have under preparation in Europe. Both are a logical consequence of how the US president-elect and those around him see the world.

Quote from: LoyceV on Today at 01:55:02 PM

A Bitcoin Reserve doesn't mean they'll create a Bitcoin Standard, just like having Gold Reserves does't mean there's a Gold Standard.

That's right, the US does not need a standard bitcoin at all, nor will it do so.But by acquiring the largest bitcoin reserves in the world, it will strengthen its currency without it being directly backed by bitcoin.