six pfp
six
@six
i'd say i'm probably against the crypto reserve even if i'm happy to benefit from it like why should the US government purchase these coins? any answer for where the money comes from is also not really enjoyable
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six pfp
six
@six
i think BTC kinda makes sense, can't really justify anything else tho idk. such a volatile asset class and everything goes to zero against bitcoin long term
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max 🎩🚂 pfp
max 🎩🚂
@baseddesigner.eth
vaguely it’s the same as if government would buy and hold nvidia stocks etc bullish for everyone involved
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nicholas 🧨 pfp
nicholas 🧨
@nicholas
Bitcoin is the only realistic alternative to USD as global reserve currency as American world order abates and access to SWIFT has been weaponized against Russia.
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lucas pfp
lucas
@elesel.eth
countries have always been stacking things other reserve types are: fx reserves natgas & coal reserves grain & food reserves water reserves rare earth stockpiles pharma reserves sovereign wealth funds military stockpiles (ammo, fuel, gear)
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Nick pfp
Nick
@nintynick.eth
how does a government typically hedge its currency risks?
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Syed Shah🏴‍☠️🌊 pfp
Syed Shah🏴‍☠️🌊
@syed
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​woj pfp
​woj
@woj.eth
+1
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matthewb.eth pfp
matthewb.eth
@matthewb
BTC and *maybe* ETH, anything else is utterly ridiculous
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Garrett pfp
Garrett
@garrett
Why should a government buy gold or any valuable asset or commodity?
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ilya pfp
ilya
@ilyat
make reserve make other countries make reserve use them as exit liquidity know it's not the case with reserve, but can rules be changed?
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Ayush Garg pfp
Ayush Garg
@axg
the us gov is definitely trying to set an example here that will likely be followed by many other countries before the full-blown adoption; that also gives another way to look at crypto beyond gambling stuff a strategic reserve for apple, google, facebook, tesla, nvidia, et al, wouldn't have invited such scepticism today, but you can't say the same thing if this was done during the early-internet era when such companies were trying to find a footing when the entire media was busy writing them off
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Fio pfp
Fio
@fiodar.eth
insane that the US government might buy fucking cardano before google, apple, or microsoft stock
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blaynem pfp
blaynem
@drilkmops
Absolutely agree. I think too many things are overlooked in this space because it can pump bags short term.
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RoboCopsGoneMad pfp
RoboCopsGoneMad
@robocopsgonemad
Same. Compare it to oil and make it make sense. And no, you can't use gold instead. The closest I've gotten to a steelman is nowhere near as strong as my strawman for abusing it.
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crypto
@cryptomobx
Agreed on BTC making sense. curious about the others, maybe strategic investments idk
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Daniel 🎩 pfp
Daniel 🎩
@danfaje.eth
I see your point I found XRP and ADA quite shocking too
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Abbas🎩👾
@abbass.eth
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