makeasnek

Yes but that dollar buys less stuff. And that 1 dollar represents 1/total supply, and total supply increases. It's literally worth less even if it is still "one dollar".

Bitcoin actually helps to incentivize the provisioning of renewables on the grid by evening out demand curves. Keep in mind that banking, finance, remittance services, all have an energy cost too, it just doesn't make headlines because it's not new or novel.

https://www.lynalden.com/bitcoin-energy/ https://www.youtube.com/shorts/6x_nfuNigI8

My point is that the US dollar fluctuates in value as well. It loses purchasing power, by design, because it's an inflationary currency. Which means it loses value over time. BTC might go up, it might go down, but it's not literally designed to lose value. 2-3% per year is Fed policy goal in "good years", our recent inflation has been bad because it's beyond that.

The US govt can swap BTC for USD or other currencies instantly if they want to.

They can easily do that. Bitcoin payments process in under a second for < 1% fee (Lightning) or 10 minutes for roughly $1-$2 in fees (main chain), selling on an exchange is instant. The federal government has also held onto some BTC long-term from criminal cases, that ended up being a pretty good investment decision for them. They hold onto lots of currencies.

In any other Bitcoin payment situation, you are credited the value of the BTC at the time you send it. What the receiver of that BTC does with it later or how its value changes is not your problem. Same with any other currency. The IRS isn't coming after you for an additional 20% from your last return just because a US dollar buys 20% less bread than it did when you made your payment last tax year.

So, somebody hacked the RNC emails just like they hacked the DNC emails, yet Assange wouldn't publish them, and apparently nobody else would either? I doubt it. I'm sure Politico would love to run with those. This "he had docs from both sides but only leaked one side which prevented the leaks from getting out" story is nonsense. Any media outlet would have sold their left nut to get a copy of the RNC email server.

Whether Russia gave him the leaked documents or not doesn't matter imo. All the DNC had to do was not be corrupt, that was it. If they did that, there would be nothing to leak and no backlash that could impact the election. The DNC tried to bury Bernie, they had a corrupt primary process, Assange exposed that and they lost some votes. Blame the DNC for that, don't shoot the messenger. I vote in DNC primaries, I'm glad he helped that system be accountable to their primary voters.

Ok. I call bullshit on this. Funds do not hold crypto unless they explicitly say they do, like some of these crypto ETFs that have started up.

It's more common than you think. Here's an article about the Wisconsin state pension fund investing in Bitcoin. You can pay taxes in Colorado with it and use it at the DMV. Pretty much every major bank has some exposure to it either by owning BTC outright or investing in adjacent technology. A little googling will find you plenty of more examples. And you are right, now that ETFs exist, we will see even easier institutional adoption.

The regulatory landscape is so weird for crypto right now that we don’t even know if they are handled as a security or not.

SEC has been incredibly clear that Bitcoin is not a security. The rest of them though, that's where they are murky on their language.

How else would they get their foreign bribe money?

They don't need Bitcoin for that, they can just legally accept those bribes in most cases or move around some money some other way while knowing there is a near zero chance they will ever get prosecuted for it. Ask Kushner how he does it.