yeah you got it. I mean maybe in some alternate universe where energy overabundance is a real problem and we have to figure out how to get rid of excess because it causes explosions or something. then it would make sense.
this post was submitted on 17 Dec 2024
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Asklemmy
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The worst part about this is the thick as shit stupid tony countries who will have their citizens robbed even worse by their own small thick shitty governments. This is the age of fucking stupidity
I would much rather we had a BTC reserve than we CONTINUED MAKING ACTUAL COINS.
When I visited the Denver mint around 25 years ago our tour guide mentioned we lost about half a cent on every penny we make.
I was in Australia recently. I don't think I got any change smaller than 20ยข. I did find a 5ยข coin on the sidewalk. The smallest "paper" money is $5, and it's plastic.
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Nope. The US government should just create its own uncounterfeitable, energy efficient digital dollar. Put Bitcoin out of business.
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Should there be a collapse of the US economy, or global markets stop using the dollar standard, or sanctions placed on US banks by other countries, a store of alternative currency is good to have.
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Dunno, just make sure your stop-loss orders are set so you don't get burned when the dip comes.
temporarily increase the price so tech-bros (re: Elon) can sell at a massive profit.
Actually it is similar to gold reserves (bitcoin is better) without advantaging competitor nations that have gone in on gold reserves already. There is an energy/mining motivation aspect as well as a populist widespread participation.
In terms of "real purpose", US debt can grow much more unsustainably, and there is something to fall back on when a default occurs. The tech bros that helped Trump do want to use other crypto projects for fintech and other innovation, rather than pump it and dump it.
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