This article about Brian Armstrong got me thinking. It teases that he has ideas for Elon's D.O.G.E. At first I thought he was going to propose some kind of meme coin, but kind of the opposite. His ideas are to cut spending and incentivize both citizens to hold and lawmakers to cut. Also, suggested a constitutional amendment to cap spending. I love that, though it'd never pass (that's like getting a crack addict to agree to only one hit per day). Still, I like the outside the box thinking. It's probably not perfect ,but anything is better than how it's been done for decades I'd say.
The incentives for citizens to have a stake in national savings got me thinking. Would people go for that? Would people say yes to bitcoin and no to a government check?
Those dumb $1200 covid checks from March 2020, if given in BTC then (which was around $7000 then, yes, 7), would have been about 0.17 BTC. If you asked people, "You want $1200 or 0.17 BTC?" I'll put the over/under at 98% saying they'll take $1200.
Oh, by the way, that 0.17 BTCwould be worth $15,400 today.
26 sats \ 0 replies \ @zapsammy 1h
if people had the option of having free stimulus BTC without doing he work ("i suffered, i deserve this" does not count), they would lose the sats and/or spend them on useless things, perpetuating the system of consuming & creating trash.
only by doing the hard work one can figure out, intelligently, where and how to allocate the hard money.
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