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@ once_aphysicist
2025-03-01 08:46:46
Maybe my comment below will give you a more interesting aspect to think about 🤔
I find the obsession to push for a govt held Bitcoin reserve quite dangerous. We are early on in adoption that if a prominent state like the US starts building a reserve, they can get a significant portion of the 21M coins.
The difference with other holders is, the state continues to be the only one with an exclusive license to use violence.
Since the general trend for larger private entities is to custody their coins with a third party, this puts a significant portion of the supply under a 6102 style confiscation risk. Existence of a significant reserve gives the state motivation to go through with it.
I would rather see Bitcoin remain black market money forever instead of price appreciation by losing the freedom money features.