What Goes Into A Reserve: Most People Won't See A Difference

What Goes Into A Reserve: Most People Won't See A Difference
фото показано с : bitcoinmagazine.com

2025-1-29 22:24

Things have changed now, and I don’t think people have truly grasped the scope of that change. For all his flaws, and complete lack of personal care on the subject, a sitting President has made promises to act favorably towards this space from a regulatory point of view. Obviously, many of the things he will do will wind up being detrimental to this space, and much of it will be favorable to other projects besides Bitcoin.

Yet still we argue and bicker like children. It boggles my mind how many people seemed to think it was just taken for granted that any government stockpile of digital assets would include only Bitcoin. The Trump campaign received money from numerous camps in this space, not just Bitcoiners, has a history of multiple NFT projects on Ethereum, and has no deep understanding of this space or any of the technology developed in it.

Why would he see Bitcoin as any different than everything else in this space except being the oldest and biggest?

That’s better than most average Americans. Most people in the US don’t even appreciate any difference between Bitcoin and other cryptocurrencies. They see the entire ecosystem as just a bunch of degenerate gamblers and crooked insiders profiting from the gamblers. Arguing over Bitcoin versus other cryptocurrencies in a reserve fund to most people is like arguing over which fast food restaurant you are going to. You’re eating shit food no matter what.

Everyone is focusing on these irrelevant internal arguments over Garlinghouse and Ripple, why a reserve should only be Bitcoin, etc. You are all ignoring the much more important issue looming over everything: your average person doesn’t see the difference between Bitcoin and everything else.

They are going to see any reserve holding any asset by and large as a complete waste of public money. A reserve will create a large amount of resentment, it will be seen as early adopters weaseling up to the President to have him pump their bags. That’s the wider reality everyone is ignoring, and one of the many reasons I am against any type of reserve that actively accumulates bitcoin.

Arguing with shitcoiners, or even former Congressmen, over what should go into a reserve fund is putting the cart before the horse. Politics is driven by two things, money and popular sentiment. The shitcoiner money isn’t going away, so that leaves getting across to normal people the difference between Bitcoin and other cryptocurrencies.

Without that public support, such arguments are going to likely fall on deaf ears. 

This article is a Take. Opinions expressed are entirely the author's and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.

origin »

Global Currency Reserve (GCR) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.569
Капитализация $0 Rank 99999
Доступно / Всего 107.024m GCR

see reserve difference cryptocurrencies any doesn ultimately

see reserve → Результатов: 89


Фото:

Mark Cuban: Inflationary Pressure Could See Bitcoin Become Global Reserve

Inflationary pressure and geopolitical uncertainty could see Bitcoin become a global reserve currency, states Cuban The billionaire believes Trump’s lower tax rates and tariffs could push up Bitcoin’s price Elon Musk plans to commit $45m a month to back Trump’s presidential run US billionaire Mark Cuban believes that through a combination of inflationary pressure and […] The post Mark Cuban: Inflationary Pressure Could See Bitcoin Become Global Reserve appeared first on CoinJournal.

2024-7-19 12:36


Фото:

Beware the monetary policy lag, as crypto market hums amid optimism over rate hikes ceasing

Last month marked the first time since March 2022 that the Federal Reserve did not hike interest rates, Jerome Powell instead electing to pause and see how things shake out.  While Wednesday’s meeting is expected to see hiking resumed with a 25 bps increase forecasted with near certainty across the market (the odds implied by […] The post Beware the monetary policy lag, as crypto market hums amid optimism over rate hikes ceasing appeared first on Invezz.

2023-7-26 22:38


“Eventually,” A Digital Dollar Could Be Issued But Fed Is Still A “Long Way” From Deciding On It, Says A US Central Bank Official

Dallas Federal Reserve Robert Kaplan said the US central bank could see it eventually issuing its own digital currency, calling it the “last mile” in the digitization of the payment system. “I would imagine in the years ahead — it's something the Fed is actively working on now — and I can see reasons why […] The post “Eventually,” A Digital Dollar Could Be Issued But Fed Is Still A “Long Way” From Deciding On It, Says A US Central Bank Official first appeared on BitcoinExchangeGuide.

2021-8-22 17:38


Bitcoin or its Meteoric Rise Pose No Threat to the Global Dollar Economy Or its Reserve Currency Status: Fed President

St. Louis Federal Reserve President James Bullard doesn’t think the leading digital currency poses a serious threat to the US dollar’s status as the world's reserve currency. “I just think for Fed policy, it's going to be a dollar economy as far as the eye can see and whether the gold price goes up or […] The post Bitcoin or its Meteoric Rise Pose No Threat to the Global Dollar Economy Or its Reserve Currency Status: Fed President first appeared on BitcoinExchangeGuide.

2021-2-17 18:27


Фото:

Former Canadian Prime Minister Mentions Bitcoin Alongside Gold as Alternative Reserve Currencies

Former Canadian prime minister Stephen Harper has mentioned bitcoin alongside gold as assets that can possibly act as alternative reserve currencies. However, the former premier still argues that despite the growing questions about the dollar’s reserve status, he does not see any real prospect of that changing anytime soon.

2021-1-20 08:01


Фото:

MicroStrategy Announces Private $400 Million Investment Round to Purchase More Bitcoin

MicroStrategy CEO Michael Saylor, an ex-Bitcoin bear turned bull, has already invested hundreds of millions of dollars of the company’s reserve treasury into Bitcoin. As both Saylor and MicroStrategy see it, Bitcoin is a strong store of value and hedge against inflation that will likely outperform the dollar long-term.

2020-12-8 15:08