thomas

The irony of the BTC strategic reserve is that BTC is not even part of the end goal.

Dumping it back for cash when it moons (or when fiat debases, which is functionally equivalent) is the end goal. BTC is just a temporary hedge (multiple correlations to TardFi and interest rates notwithstanding).

There is no proposal, in that strategic reserve initiative, to achieve any of the original vision of powering economic and financial transactions using BTC rails (not that it would make sense either - BTC in its current form would be a poor crypto choice for that).

It's unambitious and uninspired.

Aviator, diver, Etherean, nexialist, PhD in aviation ∩ climate science | Host of /diving /ethfinance /eth-staker /geopolitics /science /singapore /thomas

You could make the same argument with gold: but the purpose of a strategic reserve is to sustain confidence in the government’s finances.

Be specific.    
Building productscore.org, @germanify // leonasskau.co.uk // Hosting /geopolitics, /strategy // online: leosn.xyz
d33m:mun

That may be, but it might be what it’s good for

For sure, but as I’ve been harping on about for long, reducing BTC to being mere digital gold meant to be hoarded in cold storage is completely underselling what it was created for.

I’d be equally disappointed if ETH was also used as a pet rock / static SoV