My predictions on crypto reserve details: 

1. Government will just keep assets seized; no new buys (90% confidence)

2. BTC will represent 80% of holdings (80% confidence)

3. American crypto companies can pay crypto in kind for taxes, XRP or ADA (50% confidence)

4. Some weird donation thing from XRP and ADA (40% confidence)

Just a few minutes ago, President Trump signed an Executive Order to establish a Strategic Bitcoin Reserve. 

The Reserve will be capitalized with Bitcoin owned by the federal government that was forfeited as part of criminal or civil asset forfeiture proceedings. This means it…

David Sacks

🎯

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https://x.com/davidsacks47/status/1897802280738734236

Working on Farcaster and Warpcast. Longer thoughts at https://dwr.email

Im the guy that posted all those factory memes once

> Premature sales of bitcoin have already cost U.S. taxpayers over $17 billion in lost value. 

Doesn't the pentagon spend more on coffee in a given year? 

Cool to see tho!

“Stop it you’re gonna make us miss MoZ”

I would have thought this would help prices but they are falling off a cliff tonight

If the reserve is not authorized to sell the BTC, why does the 17B amount matter if the gain wouldn't be realized anyway?
Or the value is important because it's borrowed against?

they're going to acquire more though, just not with the taxpayer money

"develop budget-neutral strategies for acquiring additional bitcoin, provided that those strategies have no incremental costs on American taxpayers"

The Chopping Block podcast raised an interesting point: aren't at least some these bitcoins from hack seizures - i.e., are hacking victims' bitcoins now locked up in the custody of the US government?

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I think the replies and lack of depth are on display with the sacks tweet re crypto reserve.

I’ve seen dozens on top level casts, very few replies and continued conversation.

Would be nice to have a way for all these people who are casting to be able to engage.  

Channels was kinda this, yet aren’t utilized and less developed for news.

So it akin to everyone fishing with their own casts.

Personally think this is part of our collective memory and habits on how we engage on socials.

Wonder how many top level casts included the strategic crypto reserve in the last 4 hours, and average replies per cast. 

I think in part it’s cause we don’t yet have dominant accounts on crypto news here so folks don’t herd into the replies for a specific account…

Thoughts on dispersion on FC at the moment… it might not be reply bumping, yet wonder if there’s a way for the algo to push folks to go deeper 

Your cast which I just searched for had the most replies that I’ve seen, though still not much second and third level to the replies.

… see this cast for more >

Thoughts on dispersion on FC at the moment… it might not be reply bumping, yet wonder if there’s a way for the algo to push folks to go deeper 

Your cast which I just searched for had the most replies that I’ve seen, though still not much second and third level to the replies.

… see this cast for more > https://warpcast.com/brixbounty/0x0c6e94fc