MartyBent on Nostr: Hilarious that Vinny’s idea is for the government to spin up a mining pool to build ...

Hilarious that Vinny’s idea is for the government to spin up a mining pool to build the bitcoin reserve considering mining pools are notoriously terrible businesses with razor-thin margins.

The path of least resistance is to print and buy bitcoin. There are a number of things that aren’t an overt speculative attack they could do before they resort to that though; bitcoin backed treasuries where the buyer participates in upside bitcoin appreciation, converting revenues from federal services into bitcoin, and a litany of straight forward low hanging fruit.

Taxing bitcoin purchases and sales is egregious theft and a state run mining pool would be poetic because it’s what you would expect from a government known to waste resources while producing sub-par services.