Trumpcoin cannot compete with bitcoin, i don't know why some will have to say this, when bitcoin on it own already constitutes more than 60% of the entire cryptocurrency market, this means that if Trumpcoin eventually remains in existence, it will only be relevant as an alts and those that will invest on it will still take similar risk as other altcoins, if am asked, i will say that i don't see any competition in this, people will still prefer bitcoin to any centralized altcoin.

Printing money for the express purpose of buying Bitcoin would be one of the most chad moves the Federal Reserve could possibly make. They're gonna suck & be hated for whatever they do, so why not buy some BTC at least?


They're gonna be involved in it regardless of what anybody has to say about it. If BlackRock is involved, that means they are also involved.

Trump can never directly compete with bitcoin because bitcoin is not under anyone's control. Bitcoin moves at its own pace bitcoin's recent rise could create a more welcoming environment for its digital assets, bringing legitimacy and stability to the market. For investors, this could mean significant gains not only with bitcoin but also with emerging altcoins and meme coins that thrive in a bullish climate. It's still early in bitcoin, a strong bull run is more likely than ever. Bitcoin has no impact on Trump's policies, investors will still invest in bitcoin without any risk.

You are right, perfect word is not really the best word to use in this situation, maybe it would be wiser to say "in a better world". But it's still true that governments take law to earn more from taxpayers and in reality they don't do it to guarantee their safety. There are many valid reasons and proofs this argument of mine and I've already posted one in my previous post.

A few minutes ago, I was thinking that Bitcoin blockchain is accessible by everyone, right? If I share my Bitcoin address with someone to receive a payment, they'll be able to check my transaction history. I can't hide that history because blockchain is available for everyone for free. Logically, I should have the right to do everything to protect my privacy, including CoinJoin and mixing to hide traces because what if someone finds that particular address belongs to me and tries to rob me?

The US doesn't hold "reserves", it takes in taxes and spends them on things. In fact, it takes in about $.80 for every dollar it spends iirc.

Indeed, you are actually asking US taxpayers to take on more debt in order for them to prop up your favorite investment.


Again, the US gold reserves are there as a legacy thing--it's almost a curiosity at this point--and it's an insignificant portion of our national revenue.

(And yes, many over the years have suggested we sell off the reserves and return the money to taxpayers, but it's such a small amount that nobody really feels like bothering with this).




No, I want them to spend it on the stuff we voted for, like heath care for old people, retirements, and the military. Neither the US nor any other government "stores" money--if they did, they should simply give it back to us since they clearly don't need it.

Tell you what: maybe the US can pass a law allowing individuals to decide what the government should do with its surplus (currently running at $-1.9T in the US). You could decide to a) have them send you a check proportional to the amount of taxes you gave them; or b) tell them to buy Bitcoin with your surplus taxes instead.

Sound fair?

Here's the Federal Reserve balance sheet: https://www.federalreserve.gov/releases/h41/20241003/. To me, that reads "we have $7 trillion worth of assets and liabilities in reserves".

I agree with you that this "institution" ideally shouldn't exist at all (if that's what you're arguing), but in reality, dismantling it is currently impossible. The people who control the vast majority of the world's assets also control this board, and they aren't going anywhere. Right now, there are billions of dollars' worth of assets just sitting idle, contributing neither to healthcare, the military, nor retirement funds.

I don't support taking on additional debt. I'm simply suggesting that instead of allowing (e.g.) $11 billion in gold to sit untouched, gathering dust and losing value, we should convert it into bitcoin, leave it untouched for 20 years, and then use it to fund retirement, healthcare, or similar needs. Of course, I'd also be open to giving people the gold now and letting them decide what to do with it-- that might even be the better approach, but it wasn't proposed by the people who will be the next government.

Gold is certainly sitting idle.

What's "illiquid"? Lol. You mean non-saleable? Bitcoin is the easiest asset to sell at the market price.

There's absolutely nothing wrong with letting the free market determine the price for bitcoin, but I'm thinking that a plan to secure the nation's finances with bitcoin-- similar to how other hard assets have been used throughout history-- might actually make sense.

I'm all in to returning those hard assets back to the people. If that's not realistic, use that money to finance public sectors, like healthcare or education, that the people have voted for. However, since the US government has historically held reserves in gold and other hard assets, with no desire to spend them in the present, it seems reasonable to consider converting those reserves into a stronger asset. That's all; no additional debt, just a practical acknowledgment of reality and a constructive alternative proposal.

DEXs are getting banned and if I want to convert my Bitcoins, I have to use a centralized exchange. CEXs don't generate a new Bitcoin address every time you try to deposit, so what are my options? To receive coins on one address always. Blockchain explorer websites let you to see how much coin I received and what was the value of the coin in that particular time.

I think that at the moment its not a good idea. Bitcoin is very volatile. If the USA announces that they are going to buy Bitcoins, then the price will instantly reach very high levels and it will be stupid to buy at that price.
Maybe in a few years it can be a good idea. Overall, it really makes sense. Crypto is the future of money and there is no other better investment than future.

I think we did. Why did you just pop the thread to the top again by posting this rather meaningless comment?

First things first, Bitcoin is not accurately described as a "movement", nor does it have a community. Perhaps this is the romantic way to see it, but the bottom line is that it's an asset, and cultural wars it has experienced in the past set this clear. It began with the cypherpunk spirit, which I very respect, and the early adopters were connected with some cypherpunk ideals, but the genius of bitcoin lies in the freedom to treat it however you like; it is an asset, just like gold. You don't refer to gold as a "movement", nor does gold has a "community". So anyone is "welcomed" to use bitcoin.

Now back to government.

I don't want the government to have any "strategic reserve plan", ideally, but we don't live in an ideal world, and decisions need to be taken. If the government would have to use my already confiscated property, then I'd rather it sitting in the hardest asset, than in one that gradually loses value. And for once more, that money sit idle. Read the act. It refers to surplus; extra funds that are held by the Federal Reserve, not taxpayer dollars allocated for social programs. In other words, that money is an extra revenue, that can be used as an investment. It could be used, for example, to fund public infrastructure. It can also be used as investment in bitcoin for 20 years, and then released for funding public infrastructure.

To clarify with an analogy: just as in a democracy, I may not prefer any of the political parties but am ultimately compelled to choose one to govern, the same principle applies to the strategic reserve plan. I would rather see the funds taken from myself and the public held in the hardest asset, to be gradually released over many years, with value appreciated, than just leave it in an instrument that won't appreciate the same, or even hold the value of our money.

Last but not least, if there was such an option, I'd rather that surplus be returned to the people, in cash, in a fair manner, the moment Trump enters office. But, unfortunately there isn't.