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Joined 11 months ago
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Cake day: January 24th, 2024

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  • If the US reserves gold, why do they also reserve silver? Why do they reserve grain, oil, steel, cheese, or foreign currencies?

    Because it’s dumb to put all your eggs in one basket and the more you diversify, the safer it is. Like it or not, Bitcoin is an asset; and barring a global disaster that knocks out all electronics, it’s unlikely to go away. It makes sense to have some and sit on it.

    Will there come a time when everything falls apart and the only way to trade with another power is with tons of wheels of cheese? Probably not, but if it does, the US is ready.

    Will the same ever happen with Bitcoin? Probably not, but if it does, the US is ready.