Case for Government Mining:
• Strategic Reserve: Just like gold, Bitcoin could be a hedge against fiat instability or global financial shifts. Holding BTC might future-proof national reserves.
• National Security: By mining, the government could ensure the U.S. isn’t left behind in a future where BTC plays a bigger global role.
• Grid Stabilization: Public mining operations could pair with renewable energy projects and help balance power grids, especially during off-peak times.
• Transparency: If done right, public mining could set a standard for ethical, clean, and secure mining operations.
Case for Free Market Control:
• Censorship Resistance: Bitcoin thrives as a decentralized network. Gov involvement might compromise the neutral, trustless ethos.
• Innovation: Individuals and private entities competing drive better tech, efficiency, and creativity than a bureaucratic approach.
• Risk of Capture: State involvement opens the door to regulatory overreach, surveillance, or even attempts to control the protocol.
• Fairness: Bitcoin was built to empower individuals. Letting anyone mine on equal footing keeps the system truly permissionless.
Curious where y’all stand. Should Bitcoin mining be a national strategy or stay in the hands of plebs and entrepreneurs?