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RFK Speech Applause What!?njump.me/nevent1qqsf7krnvcz58eqefpg78n42p60htnq0qhyx5d2jlf8tc0x62cy39sgppemhxue69uhkummn9ekx7mp0qgsqrh0w9zd35t5ssax2xs520fq5we9xetg6h74fshpqrea2mgtd8rqrqsqqqqqp9hd784
21 sats \ 6 comments \ @OT 26 Jul 2024 bitcoin
zaps forwarded to @sn (100%)
I just listened to this and am kinda shocked at the applause for the US to hold 4 million bitcoin. WTF are these people thinking? You want bitcoin to centralize just to pump your bags? WTF!
Other parts of the speech I more align with like no taxes and no tracking. Not that any of this matters as he's very unlikely to become president. Well, maybe he has a chance if Trump gets killed.
IDK, maybe this is all inevitable with bitcoin becoming mainstream.
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0 sats \ 0 replies \ @DarthCoin 27 Jul 2024
He's just a politician using cheap promises. NEVER TRUST ANY POLITICIAN! FUCK'EM'ALL
These are the "bitcoiners" when they hear a politician making cheap promises about Bitcoin...
https://m.stacker.news/41858
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0 sats \ 4 replies \ @jp305 27 Jul 2024
How would making the US gov this massive whale makes the network more centralized?
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0 sats \ 3 replies \ @OT OP 27 Jul 2024
They would own 20% of the supply
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0 sats \ 2 replies \ @jp305 27 Jul 2024
Please explain to me how this is bad for decentralization given the current consensus mechanism.
In my understanding, all a whale could do is try to manipulate the price, down or up. Since there would be no economic reason to drive it down, what's the problem?
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0 sats \ 1 reply \ @OT OP 27 Jul 2024
OK, let's say that a pro BTC gov holds 20% of the supply. The next president to come in is a dollar maximalist and they dump it. The price goes to zero.
It just becomes less attractive if most of the supply is in the hands of a bad actor.
BTW, doing the math on this its pretty much impossible or would take 20-30 years.
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0 sats \ 0 replies \ @jp305 28 Jul 2024
Absolute nonsense 😂
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