you are viewing a single comment's thread
view the rest of the comments
[–] 27 points 2 years ago (5 children)

I don't think the government should have ANY, regardless of how the government purchased the fake assets. It's a fucking terrible idea for exactly the reason you described. The government should not be involved in such a high risk, unsecured, volatile, ridiculously easily stolen venture.

  • source
  • parent
  • hideshow 5 child comments
  • [–] 7 points 2 years ago (3 children)

    Agreed. Its also a direct competitor with every countries sovereign currency... So why would help it?

  • source
  • parent
  • hideshow 3 child comments
  • [–] -2 points 2 years ago* (1 child)

    When there's a disruptive force, you have a few options

    1. try to kill it so it can't disrupt

    2. do nothing and be disrupted

    3. dip you toes in, so if disruption happens you aren't blindsided and can hopefully wade through it

    4. take a chance and swim in it so you can be on the leading edge of that disruption.

    They've kinda tried option 1 but failed.

    Option 2 could lead to long term consequences

    Option 3 leaves them prepared but not overly exposed

    Option 4 would be pretty risky

    So really, option 3 is probably the best bet given option 1 hasn't been working.

  • source
  • parent
  • hideshow 1 child comment
  • [–] 5 points 2 years ago* (last edited 2 years ago)

    It's bitcoin, the only thing it's disrupting is the pyramid scheme space. It's too volatile, too expensive(transaction fees), and too slow to be a useful currency. There is no reason for the government to buy in to a speculation bubble.

  • source
  • parent
  • [–] -2 points 2 years ago* (last edited 2 years ago)

    I'm not going to try and convince you on the merits of crypto, but it can be secured so it isn't "ridiculously easily stolen"

    I just don't think Trump would do it.

    Edit: Just to give an example - you could make it so you can't use the money without 100% of congress (house and senate) and the president authorizing it. It would be so secure, you'd probably never be able to use it ever again.

  • source
  • parent