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OT: SBR

A

anon1758050382

All-American
Oct 6, 2022
4,548
6,807
113
On March 6, 2025, President Donald Trump signed an executive order establishing a Strategic Bitcoin Reserve.

TLDR;
  1. What is it?
    • The Strategic Bitcoin Reserve is designed to serve as a "digital Fort Knox" for bitcoin, often referred to as "digital gold" due to its fixed supply of 21 million coins and its security.
  2. Where does the bitcoin come from?
    • The reserve will be capitalized with bitcoin that the U.S. government has acquired through criminal or civil asset forfeiture proceedings.
  3. Will bitcoin be sold?
    • The government will not sell the bitcoin deposited into this reserve; instead, it will be maintained as a store of value to bolster the nation's strategic financial position.
  4. Will more bitcoin be acquired?
    • To enhance the reserve, the Secretaries of the Treasury and Commerce are authorized to develop strategies for acquiring additional bitcoin, provided these strategies are budget-neutral and do not impose additional costs on taxpayers.
  5. Is it bitcoin-only?
    • In addition to the bitcoin reserve, the executive order establishes the United States Digital Asset Stockpile, which will consist of digital assets other than bitcoin (shitcoins) that have been forfeited to the government.
  6. Can the shitcoins be sold?
    • The Secretary of the Treasury is tasked with determining strategies for the responsible stewardship of this stockpile, which may include potential sales of these assets.
www.whitehouse.gov

Fact Sheet: President Donald J. Trump Establishes the Strategic Bitcoin Reserve and U.S. Digital Asset Stockpile

CREATING A STRATEGIC BITCOIN RESERVE AND DIGITAL ASSET STOCKPILE: Today, President Donald J. Trump signed an Executive Order to establish a Strategic
www.whitehouse.gov www.whitehouse.gov
www.whitehouse.gov

Establishment of the Strategic Bitcoin Reserve and United States Digital Asset Stockpile

By the authority vested in me as President by the Constitution and the laws of the United States of America, it is hereby ordered:
www.whitehouse.gov www.whitehouse.gov

I have mixed feelings about this. I don't like asset forfeiture. I don't like shitcoins. I like that the bitcoin reserve is separate from the shitcoin reserve. I like that the bitcoin is to be HODLed, while the shitcoins can be sold.

This is all via an executive order, so not only can the next president undo all of this, but the current administration may not execute it as currently understood.

Thoughts?
 
Shmuley

Shmuley

Heisman
Mar 6, 2008
23,833
10,639
113
pseudonym said:
On March 6, 2025, President Donald Trump signed an executive order establishing a Strategic Bitcoin Reserve.

TLDR;
  1. What is it?
    • The Strategic Bitcoin Reserve is designed to serve as a "digital Fort Knox" for bitcoin, often referred to as "digital gold" due to its fixed supply of 21 million coins and its security.
  2. Where does the bitcoin come from?
    • The reserve will be capitalized with bitcoin that the U.S. government has acquired through criminal or civil asset forfeiture proceedings.
  3. Will bitcoin be sold?
    • The government will not sell the bitcoin deposited into this reserve; instead, it will be maintained as a store of value to bolster the nation's strategic financial position.
  4. Will more bitcoin be acquired?
    • To enhance the reserve, the Secretaries of the Treasury and Commerce are authorized to develop strategies for acquiring additional bitcoin, provided these strategies are budget-neutral and do not impose additional costs on taxpayers.
  5. Is it bitcoin-only?
    • In addition to the bitcoin reserve, the executive order establishes the United States Digital Asset Stockpile, which will consist of digital assets other than bitcoin (shitcoins) that have been forfeited to the government.
  6. Can the shitcoins be sold?
    • The Secretary of the Treasury is tasked with determining strategies for the responsible stewardship of this stockpile, which may include potential sales of these assets.
www.whitehouse.gov

Fact Sheet: President Donald J. Trump Establishes the Strategic Bitcoin Reserve and U.S. Digital Asset Stockpile

CREATING A STRATEGIC BITCOIN RESERVE AND DIGITAL ASSET STOCKPILE: Today, President Donald J. Trump signed an Executive Order to establish a Strategic
www.whitehouse.gov www.whitehouse.gov
www.whitehouse.gov

Establishment of the Strategic Bitcoin Reserve and United States Digital Asset Stockpile

By the authority vested in me as President by the Constitution and the laws of the United States of America, it is hereby ordered:
www.whitehouse.gov www.whitehouse.gov

I have mixed feelings about this. I don't like asset forfeiture. I don't like shitcoins. I like that the bitcoin reserve is separate from the shitcoin reserve. I like that the bitcoin is to be HODLed, while the shitcoins can be sold.

This is all via an executive order, so not only can the next president undo all of this, but the current administration may not execute it as currently understood.

Thoughts?
Click to expand...
I find that charmin strong can create a sluggish flush at times, especially if there has been a fibrous intake preceding.
 
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M

MSTerritoryDog

Junior
Dec 2, 2021
184
224
43
Shmuley said:
I find that charmin strong can create a sluggish flush at times, especially if there has been a fibrous intake preceding.
Click to expand...
I thought the new wavy, perforated tear pattern was supposed to solve all flushing problems and give the operator an upper hand against fiber and Taco Bell.
 
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IBleedMaroonDawg

IBleedMaroonDawg

All-American
Nov 12, 2007
25,550
9,757
113
CochiseCowbell said:
Do you like movies about gladiators?
Click to expand...
Have you ever seen a grown man naked?

Quote I Am Serious GIF by Top 100 Movie Quotes of All Time
 
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Jeffreauxdawg

Jeffreauxdawg

All-American
Dec 15, 2017
8,820
7,727
113
SBR stands for Shiny Black Rubber in my circles. With your SBR and pepperoni comments I feel like you might be a freak too.
 
ckDOG

ckDOG

All-American
Dec 11, 2007
10,014
5,852
113
Government controlled btc reserves. Will be fun watching the bros convince themselves that's, in fact, a good thing for crypto.
 
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GloryDawg

GloryDawg

Heisman
Mar 3, 2005
19,399
16,476
113
ckDOG said:
Government controlled btc reserves. Will be fun watching the bros convince themselves that's, in fact, a good thing for crypto.
Click to expand...
What makes it a good investment is the fact it is not regulated. Yeah, you can lose your butt, but you can get rich. Higher the risk, bigger the rewards. I think this is the first step to regulating it. 13 years ago, when I was laughing at it, I should have been buying it.
 
ckDOG

ckDOG

All-American
Dec 11, 2007
10,014
5,852
113
GloryDawg said:
What makes it a good investment is the fact it is not regulated. Yeah, you can lose your butt, but you can get rich. Higher the risk, bigger the rewards. I think this is the first step to regulating it. 13 years ago, when I was laughing at it, I should have been buying it.
Click to expand...
Yep. Turned out to be a massive wealth generating speculative investment. I wish I had a position to cash out. But ultimately governments, with their power and weapons, will find a way to take/control the value there.
 
A

anon1758050382

All-American
Oct 6, 2022
4,548
6,807
113
ckDOG said:
Yep. Turned out to be a massive wealth generating speculative investment. I wish I had a position to cash out. But ultimately governments, with their power and weapons, will find a way to take/control the value there.
Click to expand...
Land, real estate, gold, oil, etc., are protected and defended by the military and the rule of law.

Bitcoin is protected and defended with electricity and code, not power and weapons.
 
OG Goat Holder

OG Goat Holder

Heisman
Sep 30, 2022
12,269
11,339
113
pseudonym said:
Land, real estate, gold, oil, etc., are protected and defended by the military and the rule of law.

Bitcoin is protected and defended with electricity and code, not power and weapons.
Click to expand...
You’ve been saying this forever, and you’ve not been correct.
 
The Cooterpoot

The Cooterpoot

Heisman
Sep 29, 2022
6,860
11,970
113
I prefer bacon bits over coin bits. Even those prefab , artificial bacon bits are better than the coin bits
 
Dawgg

Dawgg

Heisman
Sep 9, 2012
10,535
10,793
113
Shmuley said:
I find that charmin strong can create a sluggish flush at times, especially if there has been a fibrous intake preceding.
Click to expand...
Charmin Strong > Charmin Soft
And it’s not even close.
 
A

anon1758050382

All-American
Oct 6, 2022
4,548
6,807
113
OG Goat Holder said:
You’ve been saying this forever, and you’ve not been correct.
Click to expand...
I haven't been correct? I first bought in 2016 (~$600), allocated 80%+ in 2019 (~$7k), never stopped buying, and never sold. I've been wrong about a lot if things in my life. Bitcoin is not one of them.

How is your "block chain tech" investment doing?
www.on3.com

Who was the crypto guy on the board? - Page 2 - Forums

Wellness check time?
www.on3.com www.on3.com

If you're looking for people who have "not been correct," the above thread from 2022 has plenty (price $17k).
 
Maroon13

Maroon13

All-Conference
Sep 29, 2022
3,610
3,697
113
Good luck seizing assets when you fire many employees and alienate the remaining.

Oh I know elons contract company will seize the assets.
 
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