Re: Everything you wanted to know about Bitcoin Strategic Reserve
im speculating thoughts here, not really insight of deep research
I had to realize your post is forcing me to go through a learning curve.
There is some superficial contradiction when Trump's intention is to downsize federal control when actually he likes to have control to be centralized as much as possible in his own hands. But I get that an FBI HQ might give him too much resistance against a restructuring in support of his own interests.
while trump is president he doesnt need centralised government. he just writes an EO to get lots of decentralised departments to do his bidding/delegated duty, they are not required to operate from one office. his eo's can order multiple agencies to act as one
however by decentralising/disbanding central government and dissolving centralised regulations. it will mean the next administration in power when trump returns to be just a businessman again, then they cant just ask one department to do something, so they too will have to EO an strategy involving many departments or more precisely by the time its all separated out, require asing congress to organise each states reaction to a EO meaning he will make it hard for the next president to have central power.
imagine a state owes the fed some money. EG state collects tax on behalf of the fed.. or state DMV collects permit income and passes it to the fed
but instead of sending state treasury money to the fed. the state could swap bitcoin reserves with the fed. by passing the bitcoin upto the fed to pay off what the state owes the fed. and then the state keeps the dollar treasury to spend on local public service
things to think about
if trump is downsizing federal control and things like disbanding the FBI HQ from washington and turning it into state/regional level offices of crime investigations. then future asset forfeitures wont then be hoarded by washington(national gov) to then be put into the national bitcoin reserve. but instead each states regional offices will forfeit proceeds of crime and put it into their own state level bitcoin reserves
so after this seasons allocation of existing forfeited bitcoin is moved into trumps national bitcoin reserve the only new accumulations would have to be from purchases via other means(not treasury tax funded - until treasury has a surplus vs public service expenditure(surplus to budget))
so i see this then being situations of selling national real estate (empty federal offices) to accumulate further bitcoin into the national bitcoin reserve as the next "big thing" of adding more coin to the bitcoin reserve
if trump is downsizing federal control and things like disbanding the FBI HQ from washington and turning it into state/regional level offices of crime investigations. then future asset forfeitures wont then be hoarded by washington(national gov) to then be put into the national bitcoin reserve. but instead each states regional offices will forfeit proceeds of crime and put it into their own state level bitcoin reserves
so after this seasons allocation of existing forfeited bitcoin is moved into trumps national bitcoin reserve the only new accumulations would have to be from purchases via other means(not treasury tax funded - until treasury has a surplus vs public service expenditure(surplus to budget))
so i see this then being situations of selling national real estate (empty federal offices) to accumulate further bitcoin into the national bitcoin reserve as the next "big thing" of adding more coin to the bitcoin reserve
I had to realize your post is forcing me to go through a learning curve.
There is some superficial contradiction when Trump's intention is to downsize federal control when actually he likes to have control to be centralized as much as possible in his own hands. But I get that an FBI HQ might give him too much resistance against a restructuring in support of his own interests.
while trump is president he doesnt need centralised government. he just writes an EO to get lots of decentralised departments to do his bidding/delegated duty, they are not required to operate from one office. his eo's can order multiple agencies to act as one
however by decentralising/disbanding central government and dissolving centralised regulations. it will mean the next administration in power when trump returns to be just a businessman again, then they cant just ask one department to do something, so they too will have to EO an strategy involving many departments or more precisely by the time its all separated out, require asing congress to organise each states reaction to a EO meaning he will make it hard for the next president to have central power.
Now if future asset forfeitures are not a national gov issue anymore, but will be hoarded on the state level, does hoarding go beyond just hoarding or could decisions about selling them be made at the state level, too? I understand that budgeting is state level responsibility, but currency control is a federal issue. Could Trump still get laws in place that hoarding is a state level responsibility, but any decisions being made concerning those hoarded assets (bitcoin or other crypto) have to be made on the federal level? In other words Trump would still control the framework even if states manage their own reserves, and Trump could structure the system so all policies flows through a central federal crypto strategy, or make states "opt in" to a federal crypto network, which then works like a bitcoin-based version of the Fed.
If that is not the case, could the accumulation for the national strategic reserve be undermined by sell-offs on the state level?
This downsizing process of federal control and disbanding of the FBI HQ seems to me like Trump is using decentralization as a trojan horse because that would make it easier for him to install people who support his interest on a state by state level.? So in theory this could be more of a reframing of control as freedom (decentralization for the sake of stronger centralization), which is definitely very Trump-like.
If that is not the case, could the accumulation for the national strategic reserve be undermined by sell-offs on the state level?
This downsizing process of federal control and disbanding of the FBI HQ seems to me like Trump is using decentralization as a trojan horse because that would make it easier for him to install people who support his interest on a state by state level.? So in theory this could be more of a reframing of control as freedom (decentralization for the sake of stronger centralization), which is definitely very Trump-like.
imagine a state owes the fed some money. EG state collects tax on behalf of the fed.. or state DMV collects permit income and passes it to the fed
but instead of sending state treasury money to the fed. the state could swap bitcoin reserves with the fed. by passing the bitcoin upto the fed to pay off what the state owes the fed. and then the state keeps the dollar treasury to spend on local public service