Budget-neutral is the new term for spending taxpayers money. It was used in regards to the SBR, but let's face it, spending is spending and if you want something to be budget neutral, you can just change the budget.
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Budget-neutral is the new term for spending taxpayers money. It was used in regards to the SBR, but let's face it, spending is spending and if you want something to be budget neutral, you can just change the budget.
I said it on the pod, but the only way to acquire an asset for free is by someone giving it to you or you taking it from them, right?
Yea, I was watching (I normally catch it live). The explanation from the administration is that they only use money that they saved to buy bitcoin. Obviously that's preposterous, because it's just using tax payers money that was being wasted on something else.
It's essentially "girl math," if I buy a $700 pair of shoes for $500 I made $200.
It's like a corporation buying back stock instead of paying out dividends
Or like Microstrategy buying coin instead of buying back stock
The "taxpayer" pearl clutching sounds retarded from people in Bitcoin that have a pretense of insight into the Cantillon system, the federal governments spending is seigniorage, very few people actually pay taxes-on-net at the federal level... taxes are a throttle on velocity (deduct from pay check, give it back later in exchange for filing your data)
If they issue stables in exchange for coin and keep the "yield" as saylor puts it, that's arbitrage, the stablecoin bag holder voluntarily pays for it.
If they liquidate commercial real estate, paying back the debt with that sale would destroy dollars and cause monetary supply deflation... deflation = a death spiral stalling of the economy in a fiat ponzi system, so Bitcoin provides an off-ramp for that which benefits everyone equally (but Bitcoiners more) by maintaining a hard asset on the balance sheet with no carrying costs.
Jfc the hipster cope on this board is unreal...
Budget neutral means that you just don't spend the money you had congress authorize for printing 2 weeks ago on the CFPB because Mr. Musk just fired these guys but instead you buy some sats. You do this right after both Mr. Sachs has instructed his nephew and your son has opened his liberty llc wallet to do 50x leveraged longs and you simply empty the entire orderbook's sell side of whatever CEX Mr. Sun told you to use.
Haven’t come across this term before. Sounds like an euphemism
But a euphemism for what?
Life energy sucking
I think it means they will increase efforts to steal it from We The People.
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