ESTABLISHMENT OF THE STRATEGIC BITCOIN RESERVE AND UNITED STATES DIGITAL ASSET STOCKPILE EXECUTIVE ORDER

White House.gov ^ | March 6, 2025 | The White House

[Morgana]

I really must speak to the White house intern about the proper use of the CAPS key.

[delta7]

From the EO, “ The Secretary of the Treasury shall establish an office to administer and maintain control of custodial accounts collectively known as the “Strategic Bitcoin Reserve,” capitalized with all BTC held by the Department of the Treasury that was finally forfeited as part of criminal or civil asset forfeiture proceedings…”

Civil Asset Forfeiture, a crime in itself. Also note Bitcoin is not anonymous, if the Fed’s can gain access to your Bitcoins, it is not even close to cash, Gold, or any other forms of currency.

That said, good to know President Trump is not foolish enough to waste taxpayers money on Bitcoin.

[KC_Conspirator]

Should have called it the crypto currency reserve.

[Waywardson]

The people of the free world have a choice right now. A digital asset controlled by no one, free, open sourced, and totally transparent, or some future leftist coin that is the mark of the beast level to track and control which can be shut off or transferred without your consent or knowledge.

Bitcoin IS that Free and Independent digital asset.

Trump has chosen wisely. Will you?

[aMorePerfectUnion]

If YOU would like to be on a CRYPTO PING LIST, please pm me.

The Crypto Ping List covers the following:

Bitcoin
Ethereum
Other coins built on the Ethereum blockchain mining
etc.

Thanks! For it - or ag'in it, it'll be a wild ride.

[alexander_busek]

Bitcoin is often referred to as “digital gold”.

Except that gold has at least some actual real-world usefulness - e.g., in industrial applications.

Regards,

[rellic]

My only question is this what happens when power goes down and stays down?
A few well placed EMP’s can do that.
Could take years to recover.

[Drago]

You have bigger problems if the power goes down and stays down nationwide...your Social Security payments stop, your pension payments stop, you paycheck direct deposits stop, your credit card stops, your job probably stops w/o electricity, etc. etc. etc.. Bitcoin is pretty resilient, get a generator up and running and you have back-up satellite Bitcoin blockchain streaming, and there is HAM radio Bitcoin blockchain streaming too. There are tens of thousands of Bitcoin nodes worldwide (including my house) that can come back online with solar or generator power and start processing transactions again (and every individual node has a record of ALL Bitcoin transactions since origination in 2009).

[EnderWiggin1970]

Except that gold has at least some actual real-world usefulness

The timestamp feature of the bitcoin protocol is worth billions of dollars in itself, and is a comparable example of how the bitcoin blockchain offers utility independent of being a store of value. Insofar as it is the most heavily secured cryptographic record in existence, the ability to log data in it with each transaction provides unmatched proof of a statement being made at a given point in time.

In the future it can be anticipated that things like vehicle titles and house deeds will be registered on similar blockchains, though the value of the bitcoin blockchain probably precludes mundane use cases like this due to the expense that would be involved.

[EnderWiggin1970]

A few well placed EMP’s can do that.

The bitcoin ledger is fully distributed with complete and independent copies on thousands of nodes worldwide and in space (on microsatellites). Needless to say some of those are in heavily secured and EMP resistant facilities. Every single copy would need to be eliminated to shut down the blockchain.

If such an absolute and total event were to take place, we're back to the stone age if not worse.

[rellic]

I’m not talking about the storage. I’m talking about external computers needed to access the Bitcoin.
If you can’t get into the vault. The money is no good.

[EnderWiggin1970]

Over 95% of the fiat money everyone is using is in the same boat. Actually much worse due to the centralized ledgers they entirely rely on, since those would be much more likely to be eliminated or cut off due to being based on just a tiny number of nodes for each.

Bottom line being that bitcoin users would regain access to their BTC much faster and actually be able to transact with it sooner than those waiting for banking systems to recover.

[rellic]

You’ll sound like a city boy.
I live in very rural Hawaii.
I am set up for months of supplies and fiat money,
as I can’t drive off the island, so we we have to be prepared.

[Bernard]

If the government needs a physical location to store all of this thin air, I recommend Fort Xanadu.

[Bloody Sam Roberts]

Exactly my first thoughts on crypto currency.

[Vermont Lt]

I often hear this comment.

First of all, that would take a nuclear strike on the US. If that happens, we have bigger issues than what currency to use.

Second, as long as there three or four computers running the system, it can be recovered immediately.

Finally, an EMP that strikes the entire nation isn’t among the capabilities of any nation on earth.

This is the stuff of mediocre science fiction novels. It should not be taken that seriously.

[Vermont Lt]

Also, 95% of transactions today are digital.

You lose power…those go away as well.

[farmguy]

Crypto is an abstraction on the dollar which is already an abstraction on gold.

A bigger question is: What happens when the rest of the world says we don’t want imaginary money, we want hard assets?

(and that goes for the over-inflated imaginary dollar too)

[telescope115]

Speaking of vaults, it seems like everybody’s forgetting about Fort Knox….

[Tommy Revolts]

I have chosen Bitcoin. Custodial, wallets, debit cards, credit cards. It’s been incredible.