‘This Is an Enormous Heist’: Chris Hayes Sounds the Alarm on Republican Bill That Would Transfer $100 Billion to Bitcoin Owners
WoodScientist @ WoodScientist @lemmy.world Posts 5Comments 834Joined 11 mo. ago
WoodScientist @ WoodScientist @lemmy.world
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If we want to have some sort of strategic crypto reserve, or some crypto dollar currency, why the Hell would we buy Bitcoin to do it? We can just whip up our own coin. Flat out call it CryptoDollars if you want. IDK. The federal government can create a coin, give it out to people for free, and then in turn accept it for taxes, the same way any currency is backed. Buying up existing market Bitcoin is just idiotic.