I have to admit that beats the hell out of having fire and brimstone, hurled at your ass!!
Master Thread Dance Your Cares Away/Fraggle/Law Abiding Citizens
- Thread starter Bryan74b
- Start date
Master Threads
I have to admit that beats the hell out of having fire and brimstone, hurled at your ass!!
Deport the liberal fvxks like this bitch, keep hard working people who want to be real Americans.
Ski Houston
Please explain
It does, but that doesn't mean it's true.
If God is perfectly just, he has to judge righteously against all sin, including you and I.
It's not about the idea of morality. Everyone agrees to that. It's about the one who IS moral, and that is only Jesus Christ.
Yeah. Makes all those fucking nuns a bunch of lying bitches too. Jk most were great ladies
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I don't know the ins and outs as I'm not crypto suavé.i believe the gist is:
Somewhat a strategic reserve. But get USA away from fiat currency and back to something that is pegged.
Any crypto guys please explain
I kind of think they may end up w almost a Duel currency. Greenbacks for foreign payments and investments and the home grown inside USA only digital xrp or bitcoin type coins.
I've read stuff on it but tbh I'm half a retard when it comes to why any of the digital coins are worth anything.
I mean...here I have a millions coins. I'm selling 200k of them. Who the fuck establishes any semblance of intrinsic value?
Digital couns are a series of 0's & 1's why does that have value?
How the fuck are they communicating from a jail?
It is fancy for sure
*super long alien stufff
I love anything alien, Bigfoot, ghosts, wendago. I'm a God of the Bible believer. I am fascinated w the thought of others in our Cosmos. I believe the reality of our universe is being kept from us like so many other things.
The top folks dont want you to know about the energy source to traverse the cosmos.
Any of yall think you can pull energy from the ether and that we are consistently fucking lied to?
Ftr: I've been drinking again ( @Cyberty fully expect a revert to past dominion)
I love anything alien, Bigfoot, ghosts, wendago. I'm a God of the Bible believer. I am fascinated w the thought of others in our Cosmos. I believe the reality of our universe is being kept from us like so many other things.
The top folks dont want you to know about the energy source to traverse the cosmos.
Any of yall think you can pull energy from the ether and that we are consistently fucking lied to?
Ftr: I've been drinking again ( @Cyberty fully expect a revert to past dominion)
It's idiocy to let people of Bolton's ilk and pay grade have security clearances but armed guards? For what?
Goldhedge
Legendary
Htf are we gonna come tinue to him w the reckless cuntts not come to the plate?
Goldhedge
Legendary
This pardon has freed me from being bound to the lies of my plea deal- and there are no words to describe how that feels.
1. I DID NOT SAY “TAKE IT, TAKE IT” TO ENCOURAGE THE CROWD ON JANUARY 6TH TO TAKE A SHIELD FROM AN OFFICER.
-That was a lie created by an FBI agent and embraced by my prosecutor to justify charging me with a felony to force me to take a plea, and to try to destroy my reputation by portraying me as encouraging violence against police.
I NEVER did any such thing.
2. I DID NOT SHOUT, “GO, GO, GO” outside the Capitol to encourage the crowd to storm the building.
-That lie was also created by the FBI agent who handled my case and embraced by the prosecutor to charge me with “disorderly conduct”, and to try to destroy my reputation.
The FBI and DOJ had to create these lies to justify charging me with anything- because I stood nonviolently outside the East side of the capitol for 8 minutes while no rioting was occurring.
I was told by the Biden DOJ that they would not drop these felony charges unless I “confessed” to doing these things.
I DID NOT DO THESE THINGS.
And for four years I have had to live in silence about it while hundreds and hundreds and hundreds of articles have been written by the mainstream media saying that I did.
Today is Day One of getting my voice back, and it is Day One of the truth beginning to be told.
There is so much more to say about what the Biden DOJ has done to force false confessions, and create false narratives and stories.
The treasury xrp wallet
is fake.. but XRP will eventually be used to replace other archaic money movement networks like swift. The protocol has checks and balances built in. That’s about the dept I know of xrp.As far as bitcoin, it solves the bizatine general problem by proof of work. There are rules such as only 21 million coins. It’s a deflationary currency so the only monkey business on price suppression is done outside of the network.
Being deflationary, the US dollar could be tied to BTC I suppose similar to gold.. but let’s just ask grok.
Bitcoin (BTC) as a reserve currency would introduce several advantages, though it also comes with significant challenges and risks. Here are some of the key advantages:
1. **Decentralization and Sovereignty**:
- **No Central Authority**: Unlike traditional fiat currencies, Bitcoin isn't controlled by any single nation or central bank. This decentralization could reduce the ability of governments to manipulate currency for political or economic reasons, potentially leading to greater economic sovereignty for countries holding it.
2. **Inflation Resistance**:
- **Fixed Supply**: Bitcoin has a capped supply at 21 million coins, which inherently makes it resistant to inflation. This could be particularly appealing for countries experiencing hyperinflation or those looking to hedge against currency devaluation.
3. **Transparency and Security**:
- **Blockchain Technology**: All transactions are recorded on a public ledger (blockchain), providing transparency and reducing the risk of corruption or mismanagement. The cryptographic security of Bitcoin also makes it resistant to counterfeiting and fraud.
4. **Global Accessibility**:
- **Borderless Transactions**: Bitcoin can be sent anywhere in the world quickly and without the need for intermediaries like banks. This could facilitate international trade by reducing transaction costs and time, especially for cross-border payments.
5. **Privacy and Anonymity**:
- **Pseudonymous Transactions**: While not completely anonymous, Bitcoin offers a level of privacy in transactions which can be attractive for individuals or nations looking to protect their financial activities from surveillance or control.
6. **Incentive for Technological Adoption**:
- **Innovation**: The adoption of Bitcoin could accelerate the development and integration of blockchain technology and other cryptocurrencies, fostering innovation in financial services, security, and other sectors.
7. **Financial Inclusion**:
- **Access for Unbanked Populations**: Bitcoin could serve as an alternative for people in countries with unstable banking systems or where a significant portion of the population lacks access to traditional banking services.
8. **Protection Against Sanctions**:
- **Economic Sanctions**: Countries under economic sanctions might find Bitcoin an effective way to bypass traditional financial systems, although this aspect also poses significant legal and ethical considerations.
However, there are considerable challenges to consider:
- **Volatility**: Bitcoin's price can be extremely volatile, which could destabilize economies using it as a reserve.
- **Regulatory Uncertainty**: The legal status of Bitcoin varies widely around the world, which could complicate international trade and finance.
- **Scalability Issues**: Bitcoin's network currently has limitations in transaction speed and volume, potentially inadequate for a global reserve currency.
- **Energy Consumption**: The mining process for Bitcoin uses significant amounts of energy, raising environmental concerns.
- **Security Risks**: While Bitcoin's technology is secure, exchanges and wallets where Bitcoin is held have been vulnerable to hacks.
In conclusion, while Bitcoin as a reserve currency could offer numerous benefits in terms of sovereignty, inflation resistance, and technological advancement, its adoption would require overcoming major hurdles in stability, regulatory frameworks, and technological scalability.
1. **Decentralization and Sovereignty**:
- **No Central Authority**: Unlike traditional fiat currencies, Bitcoin isn't controlled by any single nation or central bank. This decentralization could reduce the ability of governments to manipulate currency for political or economic reasons, potentially leading to greater economic sovereignty for countries holding it.
2. **Inflation Resistance**:
- **Fixed Supply**: Bitcoin has a capped supply at 21 million coins, which inherently makes it resistant to inflation. This could be particularly appealing for countries experiencing hyperinflation or those looking to hedge against currency devaluation.
3. **Transparency and Security**:
- **Blockchain Technology**: All transactions are recorded on a public ledger (blockchain), providing transparency and reducing the risk of corruption or mismanagement. The cryptographic security of Bitcoin also makes it resistant to counterfeiting and fraud.
4. **Global Accessibility**:
- **Borderless Transactions**: Bitcoin can be sent anywhere in the world quickly and without the need for intermediaries like banks. This could facilitate international trade by reducing transaction costs and time, especially for cross-border payments.
5. **Privacy and Anonymity**:
- **Pseudonymous Transactions**: While not completely anonymous, Bitcoin offers a level of privacy in transactions which can be attractive for individuals or nations looking to protect their financial activities from surveillance or control.
6. **Incentive for Technological Adoption**:
- **Innovation**: The adoption of Bitcoin could accelerate the development and integration of blockchain technology and other cryptocurrencies, fostering innovation in financial services, security, and other sectors.
7. **Financial Inclusion**:
- **Access for Unbanked Populations**: Bitcoin could serve as an alternative for people in countries with unstable banking systems or where a significant portion of the population lacks access to traditional banking services.
8. **Protection Against Sanctions**:
- **Economic Sanctions**: Countries under economic sanctions might find Bitcoin an effective way to bypass traditional financial systems, although this aspect also poses significant legal and ethical considerations.
However, there are considerable challenges to consider:
- **Volatility**: Bitcoin's price can be extremely volatile, which could destabilize economies using it as a reserve.
- **Regulatory Uncertainty**: The legal status of Bitcoin varies widely around the world, which could complicate international trade and finance.
- **Scalability Issues**: Bitcoin's network currently has limitations in transaction speed and volume, potentially inadequate for a global reserve currency.
- **Energy Consumption**: The mining process for Bitcoin uses significant amounts of energy, raising environmental concerns.
- **Security Risks**: While Bitcoin's technology is secure, exchanges and wallets where Bitcoin is held have been vulnerable to hacks.
In conclusion, while Bitcoin as a reserve currency could offer numerous benefits in terms of sovereignty, inflation resistance, and technological advancement, its adoption would require overcoming major hurdles in stability, regulatory frameworks, and technological scalability.
The scenario where the US government would actively promote or transition to Bitcoin as a reserve currency is highly speculative and currently unlikely due to several reasons:
1. **Control Over Monetary Policy**:
- **Independence**: The US government and the Federal Reserve have control over monetary policy, which includes setting interest rates, managing inflation, and responding to economic crises. Bitcoin, being decentralized, would reduce this control, potentially leading to less effective economic management.
2. **Seigniorage Revenue**:
- **Financial Benefits**: The US benefits from the seigniorage of the dollar, essentially the profit made from issuing currency which the world demands. Moving to Bitcoin would eliminate this income source.
3. **Geopolitical Influence**:
- **Sanctions and Leverage**: The US uses the dollar's dominance for geopolitical leverage, including through economic sanctions. A decentralized currency like Bitcoin would reduce this capability, thus diminishing US influence on the global stage.
4. **Economic Stability**:
- **Volatility Concerns**: Bitcoin's high volatility could lead to economic instability if adopted as a reserve currency. The US government would be wary of the potential for rapid devaluation or inflation if tied to a cryptocurrency.
5. **Regulatory and Legal Frameworks**:
- **Current Systems**: The US has a well-developed legal and regulatory framework for financial markets which supports the dollar. Shifting to Bitcoin would require a complete overhaul of these systems, involving significant risk and uncertainty.
6. **Public Trust and Acceptance**:
- **Confidence in the Dollar**: There is a strong global trust in the US dollar, backed by the US economy and its institutions. Bitcoin lacks this established trust and would need to prove itself in ways that go beyond current perceptions of it as an investment or speculative asset.
7. **Technological Infrastructure**:
- **Blockchain Limitations**: Bitcoin's blockchain currently faces scalability issues, slow transaction times, and high energy consumption. These technical limitations would need to be resolved for it to be a viable reserve currency.
However, there are theoretical scenarios where the US might consider supporting Bitcoin or a similar cryptocurrency:
- **Innovation Leadership**: If the US wants to lead in blockchain and financial technology, it might support Bitcoin to spur innovation, similar to how it has historically supported tech industries.
- **Countering Other Currencies**: If other countries or blocs begin using alternative reserve currencies (like those from China or a Euro-based digital currency), the US might see Bitcoin as a way to maintain or regain some control over global finance.
- **Economic Experiment**: In a scenario of severe economic crisis or hyperinflation, the US might explore radical solutions like Bitcoin to stabilize or reset the economy, though this would be a last-resort measure.
- **Crypto Regulation**: By integrating Bitcoin into its economic system, the US could set global standards for cryptocurrency regulation, thereby influencing how cryptocurrencies are handled worldwide.
In conclusion, while there might be theoretical reasons for the US government to move towards Bitcoin as a reserve currency, the practical and political implications make it an unlikely scenario in the near future. Any move in this direction would require a significant shift in economic policy, public perception, and global financial structures.
1. **Control Over Monetary Policy**:
- **Independence**: The US government and the Federal Reserve have control over monetary policy, which includes setting interest rates, managing inflation, and responding to economic crises. Bitcoin, being decentralized, would reduce this control, potentially leading to less effective economic management.
2. **Seigniorage Revenue**:
- **Financial Benefits**: The US benefits from the seigniorage of the dollar, essentially the profit made from issuing currency which the world demands. Moving to Bitcoin would eliminate this income source.
3. **Geopolitical Influence**:
- **Sanctions and Leverage**: The US uses the dollar's dominance for geopolitical leverage, including through economic sanctions. A decentralized currency like Bitcoin would reduce this capability, thus diminishing US influence on the global stage.
4. **Economic Stability**:
- **Volatility Concerns**: Bitcoin's high volatility could lead to economic instability if adopted as a reserve currency. The US government would be wary of the potential for rapid devaluation or inflation if tied to a cryptocurrency.
5. **Regulatory and Legal Frameworks**:
- **Current Systems**: The US has a well-developed legal and regulatory framework for financial markets which supports the dollar. Shifting to Bitcoin would require a complete overhaul of these systems, involving significant risk and uncertainty.
6. **Public Trust and Acceptance**:
- **Confidence in the Dollar**: There is a strong global trust in the US dollar, backed by the US economy and its institutions. Bitcoin lacks this established trust and would need to prove itself in ways that go beyond current perceptions of it as an investment or speculative asset.
7. **Technological Infrastructure**:
- **Blockchain Limitations**: Bitcoin's blockchain currently faces scalability issues, slow transaction times, and high energy consumption. These technical limitations would need to be resolved for it to be a viable reserve currency.
However, there are theoretical scenarios where the US might consider supporting Bitcoin or a similar cryptocurrency:
- **Innovation Leadership**: If the US wants to lead in blockchain and financial technology, it might support Bitcoin to spur innovation, similar to how it has historically supported tech industries.
- **Countering Other Currencies**: If other countries or blocs begin using alternative reserve currencies (like those from China or a Euro-based digital currency), the US might see Bitcoin as a way to maintain or regain some control over global finance.
- **Economic Experiment**: In a scenario of severe economic crisis or hyperinflation, the US might explore radical solutions like Bitcoin to stabilize or reset the economy, though this would be a last-resort measure.
- **Crypto Regulation**: By integrating Bitcoin into its economic system, the US could set global standards for cryptocurrency regulation, thereby influencing how cryptocurrencies are handled worldwide.
In conclusion, while there might be theoretical reasons for the US government to move towards Bitcoin as a reserve currency, the practical and political implications make it an unlikely scenario in the near future. Any move in this direction would require a significant shift in economic policy, public perception, and global financial structures.
Ty bruddaThe treasury xrp wallet
As far as bitcoin, it solves the bizatine general problem by proof of work. There are rules such as only 21 million coins. It’s a deflationary currency so the only monkey business on price suppression is done outside of the network.
Being deflationary, the US dollar could be tied to BTC I suppose similar to gold.. but let’s just ask grok.
Bitcoin (BTC) as a reserve currency would introduce several advantages, though it also comes with significant challenges and risks. Here are some of the key advantages:
1. **Decentralization and Sovereignty**:
- **No Central Authority**: Unlike traditional fiat currencies, Bitcoin isn't controlled by any single nation or central bank. This decentralization could reduce the ability of governments to manipulate currency for political or economic reasons, potentially leading to greater economic sovereignty for countries holding it.
2. **Inflation Resistance**:
- **Fixed Supply**: Bitcoin has a capped supply at 21 million coins, which inherently makes it resistant to inflation. This could be particularly appealing for countries experiencing hyperinflation or those looking to hedge against currency devaluation.
3. **Transparency and Security**:
- **Blockchain Technology**: All transactions are recorded on a public ledger (blockchain), providing transparency and reducing the risk of corruption or mismanagement. The cryptographic security of Bitcoin also makes it resistant to counterfeiting and fraud.
4. **Global Accessibility**:
- **Borderless Transactions**: Bitcoin can be sent anywhere in the world quickly and without the need for intermediaries like banks. This could facilitate international trade by reducing transaction costs and time, especially for cross-border payments.
5. **Privacy and Anonymity**:
- **Pseudonymous Transactions**: While not completely anonymous, Bitcoin offers a level of privacy in transactions which can be attractive for individuals or nations looking to protect their financial activities from surveillance or control.
6. **Incentive for Technological Adoption**:
- **Innovation**: The adoption of Bitcoin could accelerate the development and integration of blockchain technology and other cryptocurrencies, fostering innovation in financial services, security, and other sectors.
7. **Financial Inclusion**:
- **Access for Unbanked Populations**: Bitcoin could serve as an alternative for people in countries with unstable banking systems or where a significant portion of the population lacks access to traditional banking services.
8. **Protection Against Sanctions**:
- **Economic Sanctions**: Countries under economic sanctions might find Bitcoin an effective way to bypass traditional financial systems, although this aspect also poses significant legal and ethical considerations.
However, there are considerable challenges to consider:
- **Volatility**: Bitcoin's price can be extremely volatile, which could destabilize economies using it as a reserve.
- **Regulatory Uncertainty**: The legal status of Bitcoin varies widely around the world, which could complicate international trade and finance.
- **Scalability Issues**: Bitcoin's network currently has limitations in transaction speed and volume, potentially inadequate for a global reserve currency.
- **Energy Consumption**: The mining process for Bitcoin uses significant amounts of energy, raising environmental concerns.
- **Security Risks**: While Bitcoin's technology is secure, exchanges and wallets where Bitcoin is held have been vulnerable to hacks.
In conclusion, while Bitcoin as a reserve currency could offer numerous benefits in terms of sovereignty, inflation resistance, and technological advancement, its adoption would require overcoming major hurdles in stability, regulatory frameworks, and technological scalability.
The scenario where the US government would actively promote or transition to Bitcoin as a reserve currency is highly speculative and currently unlikely due to several reasons:
1. **Control Over Monetary Policy**:
- **Independence**: The US government and the Federal Reserve have control over monetary policy, which includes setting interest rates, managing inflation, and responding to economic crises. Bitcoin, being decentralized, would reduce this control, potentially leading to less effective economic management.
2. **Seigniorage Revenue**:
- **Financial Benefits**: The US benefits from the seigniorage of the dollar, essentially the profit made from issuing currency which the world demands. Moving to Bitcoin would eliminate this income source.
3. **Geopolitical Influence**:
- **Sanctions and Leverage**: The US uses the dollar's dominance for geopolitical leverage, including through economic sanctions. A decentralized currency like Bitcoin would reduce this capability, thus diminishing US influence on the global stage.
4. **Economic Stability**:
- **Volatility Concerns**: Bitcoin's high volatility could lead to economic instability if adopted as a reserve currency. The US government would be wary of the potential for rapid devaluation or inflation if tied to a cryptocurrency.
5. **Regulatory and Legal Frameworks**:
- **Current Systems**: The US has a well-developed legal and regulatory framework for financial markets which supports the dollar. Shifting to Bitcoin would require a complete overhaul of these systems, involving significant risk and uncertainty.
6. **Public Trust and Acceptance**:
- **Confidence in the Dollar**: There is a strong global trust in the US dollar, backed by the US economy and its institutions. Bitcoin lacks this established trust and would need to prove itself in ways that go beyond current perceptions of it as an investment or speculative asset.
7. **Technological Infrastructure**:
- **Blockchain Limitations**: Bitcoin's blockchain currently faces scalability issues, slow transaction times, and high energy consumption. These technical limitations would need to be resolved for it to be a viable reserve currency.
However, there are theoretical scenarios where the US might consider supporting Bitcoin or a similar cryptocurrency:
- **Innovation Leadership**: If the US wants to lead in blockchain and financial technology, it might support Bitcoin to spur innovation, similar to how it has historically supported tech industries.
- **Countering Other Currencies**: If other countries or blocs begin using alternative reserve currencies (like those from China or a Euro-based digital currency), the US might see Bitcoin as a way to maintain or regain some control over global finance.
- **Economic Experiment**: In a scenario of severe economic crisis or hyperinflation, the US might explore radical solutions like Bitcoin to stabilize or reset the economy, though this would be a last-resort measure.
- **Crypto Regulation**: By integrating Bitcoin into its economic system, the US could set global standards for cryptocurrency regulation, thereby influencing how cryptocurrencies are handled worldwide.
In conclusion, while there might be theoretical reasons for the US government to move towards Bitcoin as a reserve currency, the practical and political implications make it an unlikely scenario in the near future. Any move in this direction would require a significant shift in economic policy, public perception, and global financial structures.
Beautiful dude. TyThe treasury xrp wallet
As far as bitcoin, it solves the bizatine general problem by proof of work. There are rules such as only 21 million coins. It’s a deflationary currency so the only monkey business on price suppression is done outside of the network.
Being deflationary, the US dollar could be tied to BTC I suppose similar to gold.. but let’s just ask grok.
Bitcoin (BTC) as a reserve currency would introduce several advantages, though it also comes with significant challenges and risks. Here are some of the key advantages:
1. **Decentralization and Sovereignty**:
- **No Central Authority**: Unlike traditional fiat currencies, Bitcoin isn't controlled by any single nation or central bank. This decentralization could reduce the ability of governments to manipulate currency for political or economic reasons, potentially leading to greater economic sovereignty for countries holding it.
2. **Inflation Resistance**:
- **Fixed Supply**: Bitcoin has a capped supply at 21 million coins, which inherently makes it resistant to inflation. This could be particularly appealing for countries experiencing hyperinflation or those looking to hedge against currency devaluation.
3. **Transparency and Security**:
- **Blockchain Technology**: All transactions are recorded on a public ledger (blockchain), providing transparency and reducing the risk of corruption or mismanagement. The cryptographic security of Bitcoin also makes it resistant to counterfeiting and fraud.
4. **Global Accessibility**:
- **Borderless Transactions**: Bitcoin can be sent anywhere in the world quickly and without the need for intermediaries like banks. This could facilitate international trade by reducing transaction costs and time, especially for cross-border payments.
5. **Privacy and Anonymity**:
- **Pseudonymous Transactions**: While not completely anonymous, Bitcoin offers a level of privacy in transactions which can be attractive for individuals or nations looking to protect their financial activities from surveillance or control.
6. **Incentive for Technological Adoption**:
- **Innovation**: The adoption of Bitcoin could accelerate the development and integration of blockchain technology and other cryptocurrencies, fostering innovation in financial services, security, and other sectors.
7. **Financial Inclusion**:
- **Access for Unbanked Populations**: Bitcoin could serve as an alternative for people in countries with unstable banking systems or where a significant portion of the population lacks access to traditional banking services.
8. **Protection Against Sanctions**:
- **Economic Sanctions**: Countries under economic sanctions might find Bitcoin an effective way to bypass traditional financial systems, although this aspect also poses significant legal and ethical considerations.
However, there are considerable challenges to consider:
- **Volatility**: Bitcoin's price can be extremely volatile, which could destabilize economies using it as a reserve.
- **Regulatory Uncertainty**: The legal status of Bitcoin varies widely around the world, which could complicate international trade and finance.
- **Scalability Issues**: Bitcoin's network currently has limitations in transaction speed and volume, potentially inadequate for a global reserve currency.
- **Energy Consumption**: The mining process for Bitcoin uses significant amounts of energy, raising environmental concerns.
- **Security Risks**: While Bitcoin's technology is secure, exchanges and wallets where Bitcoin is held have been vulnerable to hacks.
In conclusion, while Bitcoin as a reserve currency could offer numerous benefits in terms of sovereignty, inflation resistance, and technological advancement, its adoption would require overcoming major hurdles in stability, regulatory frameworks, and technological scalability.
The scenario where the US government would actively promote or transition to Bitcoin as a reserve currency is highly speculative and currently unlikely due to several reasons:
1. **Control Over Monetary Policy**:
- **Independence**: The US government and the Federal Reserve have control over monetary policy, which includes setting interest rates, managing inflation, and responding to economic crises. Bitcoin, being decentralized, would reduce this control, potentially leading to less effective economic management.
2. **Seigniorage Revenue**:
- **Financial Benefits**: The US benefits from the seigniorage of the dollar, essentially the profit made from issuing currency which the world demands. Moving to Bitcoin would eliminate this income source.
3. **Geopolitical Influence**:
- **Sanctions and Leverage**: The US uses the dollar's dominance for geopolitical leverage, including through economic sanctions. A decentralized currency like Bitcoin would reduce this capability, thus diminishing US influence on the global stage.
4. **Economic Stability**:
- **Volatility Concerns**: Bitcoin's high volatility could lead to economic instability if adopted as a reserve currency. The US government would be wary of the potential for rapid devaluation or inflation if tied to a cryptocurrency.
5. **Regulatory and Legal Frameworks**:
- **Current Systems**: The US has a well-developed legal and regulatory framework for financial markets which supports the dollar. Shifting to Bitcoin would require a complete overhaul of these systems, involving significant risk and uncertainty.
6. **Public Trust and Acceptance**:
- **Confidence in the Dollar**: There is a strong global trust in the US dollar, backed by the US economy and its institutions. Bitcoin lacks this established trust and would need to prove itself in ways that go beyond current perceptions of it as an investment or speculative asset.
7. **Technological Infrastructure**:
- **Blockchain Limitations**: Bitcoin's blockchain currently faces scalability issues, slow transaction times, and high energy consumption. These technical limitations would need to be resolved for it to be a viable reserve currency.
However, there are theoretical scenarios where the US might consider supporting Bitcoin or a similar cryptocurrency:
- **Innovation Leadership**: If the US wants to lead in blockchain and financial technology, it might support Bitcoin to spur innovation, similar to how it has historically supported tech industries.
- **Countering Other Currencies**: If other countries or blocs begin using alternative reserve currencies (like those from China or a Euro-based digital currency), the US might see Bitcoin as a way to maintain or regain some control over global finance.
- **Economic Experiment**: In a scenario of severe economic crisis or hyperinflation, the US might explore radical solutions like Bitcoin to stabilize or reset the economy, though this would be a last-resort measure.
- **Crypto Regulation**: By integrating Bitcoin into its economic system, the US could set global standards for cryptocurrency regulation, thereby influencing how cryptocurrencies are handled worldwide.
In conclusion, while there might be theoretical reasons for the US government to move towards Bitcoin as a reserve currency, the practical and political implications make it an unlikely scenario in the near future. Any move in this direction would require a significant shift in economic policy, public perception, and global financial structures.
Actually here’s the right question.
You're correct that Bitcoin is often viewed more as a store of value akin to gold rather than a currency used for daily transactions due to its volatility, limited supply, and the way it's held by investors. Here's how the US government might leverage this aspect of Bitcoin:
1. **Diversification of Reserves**:
- **Hedge Against Inflation**: Just as countries hold gold to hedge against inflation or currency devaluation, the US could hold Bitcoin in its reserves. This would diversify the reserve assets, potentially stabilizing its financial position if the dollar weakens or if there's a global shift away from dollar hegemony.
2. **Fiscal Policy Tool**:
- **Economic Stabilization**: By recognizing Bitcoin's value storage properties, the US could use it as part of broader economic policy, perhaps as a way to backstop the dollar or as an asset to sell off during times of fiscal stress to fund government expenditures without relying solely on traditional debt instruments.
3. **Monetary Policy Influence**:
- **Interest Rates and Inflation**: If Bitcoin gains legitimacy as a value store, its inclusion in reserve considerations could influence monetary policy. For instance, if Bitcoin's value increases significantly, it might help control inflation without adjusting interest rates, providing another tool for the Federal Reserve.
4. **Geopolitical Strategy**:
- **Alternative to Gold**: With global economies looking for alternatives to US dollar reserves, Bitcoin could serve as a modern equivalent to gold, reducing reliance on any single nation's currency for reserve purposes. This could be part of a strategy to maintain or regain influence in international finance.
5. **Innovation and Leadership in Finance**:
- **Setting Standards**: By embracing Bitcoin or similar digital assets as part of its financial system, the US could set global standards for digital currencies, potentially leading in regulatory frameworks, blockchain technology, and financial innovation.
6. **Public Debt Management**:
- **New Funding Mechanisms**: Similar to how governments sell bonds, the US could theoretically issue Bitcoin-backed securities or use Bitcoin holdings to manage public debt. This would be highly speculative but could be considered in extreme economic scenarios.
7. **Emergency Financial Buffer**:
- **Crisis Management**: In dire economic scenarios, Bitcoin could act as a financial buffer, similar to how gold reserves have been used historically. If Bitcoin appreciates, it could provide an economic lift or be used to inject liquidity into the system.
However, there are significant considerations:
- **Volatility**: Unlike gold, Bitcoin's value can fluctuate wildly, which makes it less reliable as a stable store of value without substantial changes in its market behavior or acceptance.
- **Legal and Regulatory Challenges**: The US would need to navigate or reform its legal and regulatory landscape to integrate Bitcoin officially into reserve holdings or as a backing for financial instruments.
- **Public Perception**: Bitcoin would need to gain much more widespread acceptance as a legitimate store of value, not just as a speculative asset, for governments to trust it with their reserves.
- **Environmental and Ethical Concerns**: Bitcoin mining's energy consumption and associated environmental impact could conflict with national policies on sustainability.
In summary, while Bitcoin might not function as a daily currency, its attributes as a store of value could be leveraged by the US government in various strategic ways. However, this would involve overcoming significant hurdles related to stability, perception, regulation, and technology.
1. **Diversification of Reserves**:
- **Hedge Against Inflation**: Just as countries hold gold to hedge against inflation or currency devaluation, the US could hold Bitcoin in its reserves. This would diversify the reserve assets, potentially stabilizing its financial position if the dollar weakens or if there's a global shift away from dollar hegemony.
2. **Fiscal Policy Tool**:
- **Economic Stabilization**: By recognizing Bitcoin's value storage properties, the US could use it as part of broader economic policy, perhaps as a way to backstop the dollar or as an asset to sell off during times of fiscal stress to fund government expenditures without relying solely on traditional debt instruments.
3. **Monetary Policy Influence**:
- **Interest Rates and Inflation**: If Bitcoin gains legitimacy as a value store, its inclusion in reserve considerations could influence monetary policy. For instance, if Bitcoin's value increases significantly, it might help control inflation without adjusting interest rates, providing another tool for the Federal Reserve.
4. **Geopolitical Strategy**:
- **Alternative to Gold**: With global economies looking for alternatives to US dollar reserves, Bitcoin could serve as a modern equivalent to gold, reducing reliance on any single nation's currency for reserve purposes. This could be part of a strategy to maintain or regain influence in international finance.
5. **Innovation and Leadership in Finance**:
- **Setting Standards**: By embracing Bitcoin or similar digital assets as part of its financial system, the US could set global standards for digital currencies, potentially leading in regulatory frameworks, blockchain technology, and financial innovation.
6. **Public Debt Management**:
- **New Funding Mechanisms**: Similar to how governments sell bonds, the US could theoretically issue Bitcoin-backed securities or use Bitcoin holdings to manage public debt. This would be highly speculative but could be considered in extreme economic scenarios.
7. **Emergency Financial Buffer**:
- **Crisis Management**: In dire economic scenarios, Bitcoin could act as a financial buffer, similar to how gold reserves have been used historically. If Bitcoin appreciates, it could provide an economic lift or be used to inject liquidity into the system.
However, there are significant considerations:
- **Volatility**: Unlike gold, Bitcoin's value can fluctuate wildly, which makes it less reliable as a stable store of value without substantial changes in its market behavior or acceptance.
- **Legal and Regulatory Challenges**: The US would need to navigate or reform its legal and regulatory landscape to integrate Bitcoin officially into reserve holdings or as a backing for financial instruments.
- **Public Perception**: Bitcoin would need to gain much more widespread acceptance as a legitimate store of value, not just as a speculative asset, for governments to trust it with their reserves.
- **Environmental and Ethical Concerns**: Bitcoin mining's energy consumption and associated environmental impact could conflict with national policies on sustainability.
In summary, while Bitcoin might not function as a daily currency, its attributes as a store of value could be leveraged by the US government in various strategic ways. However, this would involve overcoming significant hurdles related to stability, perception, regulation, and technology.
I'd like Trump have that old cunt's location. Either deport her or seend a Tomahawk and take out that terrorist Mexican witch
When Vegas comes I wanna fuckaround w you. No homo. Nothing more than a handshake hug
dirtytoeddawg
Legendary
Last edited:
dirtytoeddawg
Legendary
dirtytoeddawg
Legendary
Thanks for the info. I'll make the call.
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