By the authority vested in me as President by the Constitution and the laws of the United States of America, and in order to promote United States leadership in digital assets and financial technology while protecting economic liberty, it is hereby ordered as follows:
The Bitcoiners are PISSED!
(i) protecting and promoting the ability of individual citizens and private-sector entities alike to access and use for lawful purposes open public blockchain networks without persecution, including the ability to develop and deploy software, to participate in mining and validating, to transact with other persons without unlawful censorship, and to maintain self-custody of digital assets;
Sounds good to me... what's the problem?
The gubment is promising to provide regulatory clarity and stop the regulation-by-enforcement strategy that we've seen in the past. It's crazy to see how this administration has hit the ground running... potentially faster than any other in history.
Except to the extent required by law, any ongoing plans or initiatives at any agency related to the creation of a CBDC within the jurisdiction of the United States shall be immediately terminated, and no further actions may be taken to develop or implement such plans or initiatives.
CBDCs are also banned it seems.
Not that they were ever a threat to begin with, but that's another argument entirely.
So why they mad?
Oh no Trump is buying shitcoins!
It's especially hilarious that World Liberty Financial doesn't hold any Bitcoin whatsoever. They have wrapped Bitcoin on Ethereum but that's not real Bitcoin, as we should all well know by now: trusting some smart contract or centralized clearinghouse on another chain is not acceptable... especially for a government agency creating a tactical reserve.
Bitcoiners Slam Ripple For Pushing Multi-Asset Reserve
Brad Garlinghouse has moved in for the kill, using his connections and whispering his lies.
Riot Platforms Head of Research Pierre Rochard said that Ripple is the biggest obstacle to the creation of a Bitcoin Reserve and is trying to derail it by throwing money at politicians.
Ripple CEO Brad Garinghouse responded to the post, saying that Ripple’s efforts were accelerating the likelihood of a strategic crypto reserve happening.
So of course now Bitcoiners are coming forward and saying the USG should either have a Bitcoin-only reserve or nothing, as if they have the power to dictate such terms. The overconfidence in this regard is laughable, but it's fun to watch them squirm.
Many maximalists have even gone so far as to say that even non-maximalsts agree with them... in that it's not appropriate for the government to own anything other than BTC at this point. As much as I would love to disagree with this brazen sentiment... I don't. Bitcoin has the best risk:reward and lowest volatility. A win for Bitcoin is a win for everyone. It does indeed make a lot of sense that, especially in these early days, the Strategic Bitcoin Reserve would not include anything else.
Here's something I didn't know.
I found out yesterday that the XRP blockchain has over 30000 blocks missing (the first week or two)... as in all the blocks that printed XRP out of thin air and were distributed to whoever Ripple wanted to distribute them to. So rather than a normal genesis block starting at 0 it starts at something at 32000, making audits of the chain somewhat dubious and shady... as if XRP wasn't shady enough.
So XRP is lobbying hard to get the government to buy their shitcoin that they printed out of nothing and gave to themselves and their crony friends. Let's be real they'll probably get what they want if the people who currently own XRP are powerful enough to get what they want.
I've said it before and I'll say it again... XRP has 100B tokens, and the community isn't going to let them print more. Many are saying that adopting XRP is the same as adopting a CBDC... it's not. Although Ripple itself seems to embrace the idea of CBDC so that's not a good sign on that front. Clearly the optics and philosophy here are shooting up red flags regardless of any silver linings in place.
I'm taking my ball and going home!
The problem is that maximalists never had the ball in the first place. They got their Ross Ulbricht pardon and their promise of a Bitcoin Reserve and thought they were running the show. They are not. The government will do whatever it wants. They can whine all they want about it. Maximalists are a small and annoyingly loud minority of this space.
Ripple = Tron
Scammers to the core.
The most important thing is the speed of action that is taking place now. They had 4 years off after the shit show of the first term to plan and prepare. And with the 4 years of Twilight Zone we just went through I think everyone is ready for a return to the real world.
The thing about the shitcoin stockpile is that every one they hold will likely make gains just on that alone, which screams corruption since how else would they be in the pile?
We should just get them to hold some Hive instead of complaining. Quit funding the damn rally car and start bribing like a madman... er, lobbying.
If this country would just stop being so high and mighty and give into the fact that bribes are how the world works things would smooth out.
I think the one that bugs me the most is the Tron that they are buying. I just can't justify that on any level given what we know about the chain and the founder of the chain. It's a huge red flag for me.
ha yes well you already know you're in good company on that front
it would be difficult to find people on Hive who would disagree
the optics are very... VERY... bad.
Where have you seen the US government is buying Tron, I haven't seen that yet. Though when I read Trump was bringing in Justin Sun the first thing I thought was that Tron was more up Elon's alley when it came to naming something, XRP also, for that matter, but bitcoin, not so much.
It's right in the graphic above. The fund that is controlled by him is buying TRX.
The fund that is controlled by Trump?....or am I lost on that. The USDC isn't the federal reserve buying coins, it's the federal reserve pegging coins to the US dollar. The coins are held by banks, either, I assume, by the bank themselves or banks that accept depositors coins.
I know nothing about this, maybe I am reading it wrong, but here's the link
I am about the dullish bulb in the box when it comes to this stuff. https://www.investopedia.com/usd-coin-5210435
The company is owned and run by Trump and several of his family members as well as one or two other people.
https://www.coingecko.com/learn/what-is-world-liberty-financial-donald-trump-s-crypto-project
Still, all that means is it's pegged to the US dollar, just like Hive. Doesn't mean zilch that it will be held by the federal reserve as a reserve of the US government. What they are up to is anybody's guess in their investment crypto strategy. If I had to take a blind stab at it, a totally blind one, your answer lies in the fact that bitcoin isn't on that list for a reason. As Edicted pointed out several times that they've tried to bring bitcoin down and have never succeeded, in that regard, you'd target the other one's for some scam or another.
Tron is Justin Sun's baby, that means a lot to me as well as many people who have been on HIVE since the beginning. That's what Edicted and I were discussing, I really have no clue what you are on about.
....or in the case of these guys, pay off one scammer to another, or invest in one scammer to do another, lol.
I will state again, just in case 1 person hasn't heard it. Because it is important.
XRP will make many people VERY rich. And then, all that wealth will disappear.
All the psychics i have heard talk about XRP say "Don't get greedy".
They haven't said that about any other coin, just the market in general. XRP seems to be in the bankster's pocket, or the other way around.
The problem with Trump is he does half of what the banksters want. Which is an improvement, but which half will get done?
As illustrated by Trump Meme coins, Trump does what is good for Trump. So in the end ignore all the noise and look at what they hold. Look at that pie chart ... ETH is going up...
Where is Ross's BTC being held? Since he's pardoned, he should get it ALL back.
Thanks!
lol man you know exactly where the Silk Road BTC is
It's a fun thing to say but obviously facilitating black markets is still illegal by definition of black market
Of course I have to admit that I am 100% on your side here and have stated a half a dozen times that ill-gotten crime money does not belong to the government to dump on the heads of these communities. The only appropriate action is to send it to @null... like imagine if they were also selling the drugs they confiscated back into the black market... oh wait they totally do that.
I guess you missed my op. The reserve is going to hold confiscated cryptos. Like the ones you just mentioned. Yes, after a period of time, they will get dropped into the communities. For now, I don't think the government is into legitimizing any coin without the regulatory means put into place first. They're looking for billions, like 500 billion to put into Stargate. They'll get that sum any which way they can, including from people not following whatever regulations they come up with. With crypto's it's a lot like all the other things they've got planned but the moment isn't ripe enough yet, they'll keep building upon it under the sly until they are convinced they can reasonable get adoption accepted by the multitudes of their planned agendas without much of a fight.
That sounds... accurate.
The thing is, because he was fully pardoned, Ulbricht didn't commit any crime. His BTC, then, isn't subject to seizure, and he should get every satoshi back. Hell, they should pay interest on it. LOL
But, yeah, they're gonna keep it.
I mean I'd love to see him sue the DoJ for it that would be hilarious.
Hell there may be lawyers hitting him up just for the opportunity.
I think the XRP genesis block is a non issue, and all accounts / balances are still there. ~~~ embed:1882645006105919844?t=Mr3--wH4GItNabqOjHyLRA&s=19 twitter metadata:eHJwc2Nhbnx8aHR0cHM6Ly90d2l0dGVyLmNvbS94cnBzY2FuL3N0YXR1cy8xODgyNjQ1MDA2MTA1OTE5ODQ0fA== ~~~
that very well may be but this is out Bitcoiners report it (like it matters)
also there's no way to see all the fuckery they pulled with the premine...
we have to assume those blocks were lost quite on purpose so no one can see what happened.