sid on Warpcast

sid pfp

While establishing a U.S. Crypto Strategic Reserve might legitimize crypto assets, doesn’t government ownership fundamentally undermine the decentralized ethos that drew us to crypto in the first place? Curious to hear how the community sees this potential paradox.

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shazow pfp

Decentralized crypto is for everyone, including governments. The power is that it puts individuals on equal footing as nation states for the first time. We can't expect governments to not participate, but they participate as equals to us. https://warpcast.com/shazow.eth/0x3add1f5a

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triumph pfp

in 2025 the average person is more motivated by financial potential than philosophical purposes

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Father Morwen pfp

I think this will be the ultimate litmus test to see just how decentralized and censorship resistant crypto really is. It's all permissionless, or at least it's claimed to be, so there's nothing stopping big gov buying up all the coins if they wanted to. Interesting to see how the ecosystem evolves as a result of this.

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m00npapi ???? bro pfp

m00npapi ???? bro

similar to folks cheering on wall st buying into crypto trump quoted this and wrote “and obviously btc and eth too” - most folks complained about being included in this, begging to be included w these centralized coins which says it was never about decentralization it was just about $$ 📈

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May pfp

I really enjoyed reading this thread and I feel rly aligned https://x.com/naval/status/1896259911794978895?s=46&t=yyvCiOfCvqV8CFuMcEXknQ

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Catch0x22 (2025 variant) pfp

Catch0x22 (2025 variant)

it's not quite a paradox in that it was always bound to happen.. it's just wild to see. looks exactly paid for tweets

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Daikie.eth pfp

Not entirely sure which side is which but the horse is definitely on the move. For all we know Fort Knox is empty so we pivot to digital gold then week later Satoshi shows up to rug us all 🚬🔵

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B art pfp

Paradoxical indeed. And mindfully locating and sharing true perceived values, while and when we are able, is quite recommended, historically.

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Alex pfp

@asenderling.eth

I think 'Decentralization' ethos has become a big tent that now includes the most libertine, anti-government individuals (from both sides) to those who just like it for censorship and security reasons. For the former, I think in many ways this is a betrayal of their ethos (though they are probably not as opposed because it pumps their bags). For the latter group, so long as they don't acquire a supply large enough to disrupt the decentralized nature of the ecosystem (which isn't going to happen for the reasons @cassie laid out), there's no ethos conflict imo.

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Commstark 🎩🫂 pfp

Commstark 🎩🫂

Yes Yes it does tho it doesn’t technically have to - a BTC strategic reserve wouldn’t undermine the decentralized nature of BTC. But it does undermine the cyberpunk ethos of it these three listed are fully centralized and this screams future corruption or just a return to regular finance imo it makes BTC more necessary… tho we’ve pushed out the timeline for when ppl realize that

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Cassie Heart pfp

Arguably, it depends on the asset. Bitcoin's decentralization is a function of miners competing for block rewards, not accrued holdings. even still, microstrategy (the largest individual holder of BTC) is in the low single digit percentage of total bitcoin and it's unlikely another will outcompete them. There is concern of price action, which does have second order effects with miners, but bitcoin has larger threats to miner abandonment moving forward even without this consideration. 1/

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matthewb.eth pfp

an asset can be decentralized, like BTC, and owned by the gov for strategic or other reasons. both can be true. I think the tension here is between those who earnestly believe this is beneficial to U.S. national interests and those who see this as an opportunity for exit liquidity. the latter motivation is, as you described, at odds with the values and ethos of blockchains like bitcoin.

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Nate Maddrey pfp

Crypto is permissionless so it’s fair game if governments wants to hold some But advocating for governments to adopt a crypto reserve is deeply hypocritical imo

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zoo - q/acc pfp

overall id say theres no paradox here. govts buying is just a stage in the game theory and izo how it was always meant to play out. trump being who he is, its unsurprising that hes taking bribes for special treatment, but thats a separate layer of the game

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kaito pfp

I don’t think so the gov can’t create more btc or change how it works owning the coin is different from owning the printer decentralized means any individual or entity is free to own it yes governments can still exert influence over crypto assets indirectly through policy but that applies to anything and isnt new

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Robotandkid pfp

that's just a bunch of hype. On a related note, for example, peeps don't realize what it truly means to self-custody. It means you have to protect yourself from wrench attacks---that is, someone forces you to transfer crypto w/ a gun held to your head. The immutable nature of blockchains makes this a non-trivial possibility specially as the price of crypto goes up.

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Dragos pfp

It looks like the reserve aims at locking in perceived value in the crypto economy, but it doesn't care too much about decentralization. In other words: if it prints money, we want it. We don't care if it's Proof of Work, Proof of Stake or anything else. If this order would have been signed 200 years ago, it would have probably included beads and feathers, as they were still playing a significant role in the economical exchanges back then, on top of gold and coins.

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tnacius.eth pfp

He is going to pull the biggest rug the world has ever seen.

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