Texas House introduces bill to establish a strategic bitcoin reserve
Legislation was introduced in the Texas House of Representatives on Thursday that would enable the state to build a strategic bitcoin reserve.
If you needed more proof that crypto is a giant fraud scheme: Republicans love it.
There is whole bodies of data for progressive uses of crypto. Donating to NGOs is the very first one that comes to mind, but there are definitely others.
Edit: https://www.amazon.com/Progressives-Case-Bitcoin-Equitable-Peaceful/dp/B0C1J3DC2X
Crypto is Non-partisan, just like shoes or a hammer. Anybody can use them for whatever they want.
Nonpartisan doesn't mean it's not a scam.
Anybody can use them for anything, but isn't it so convenient how easy it is to launder money with crypto? And isn't it convenient how they're happy to spend taxpayer money to set up this fund?
We're not talking about systems like VPNs, where you could argue they hide criminals in addition to human rights activists. That levels the playing field and protects people's right to privacy.
What rights is crypto protecting? We're talking about a vehicle where entire governments can pump up the value and reap the inflated price. We're talking about foreign billionaires who can covertly and easily "invest" in their favorite candidates without taking the roundabout way of using dark-money PACs.
Crypto is just another empty, ultra-capitalist "American Dream" promise shrouded in tech.
Republicans love $ too. So, a fraud scheme, yeah?
That is a truly simplistic way of looking at things. Don't. I am as left as you can possibly be and yet I absolutely hope that bitcoin and blockchain tech would take off.
When I say blockchain tech, I don't mean shiity scam coins, I mean "election data on an immutable public ledger" type of tech...
One can dream.
You don't want elections anything mixed with computers until computer architectures are more robust and verifiable. Not to mention that to mess with elections takes much fewer resources when they're digital than when you have to corrupt thousands of vote counters.
Just gonna leave this here https://xkcd.com/2030/
I'm with you. However, the current state of things is not what I envision when I think of decentralized currency and immutable public ledgers.
Bitcoin operates just like the talibangeilcals. Full of grifters, thieves, and belivers who get screwed by the former.
yeah! cr*pto is the world’s 1st decentralized ponzi scheme
Aren't all ponzy schemes decentralised?
thinly veiled giveaway to crypto speculators
To directly fund the president's choice of Bitcoin reserve to the spectacular enrichment of himself, Texas and anyone else in the know. The oil rush is on and there will only be one winner...
So in other words invest government money and taxpayer looses everything once the price plummets. Well done!
Been done in El Salvador. This is going to be a grift on the US tax payer of EPIC proportions.
i love it. anything to make texas bankrupt
Texa ns already are.
Source: Am Texan, declared bankruptcy a few years back.
What a great way to embezzle tax funds!
“Strategic” lol
Take your bitcoin and flush it down the toilet where it belongs.
I wish I had my ID so I could register to buy some bitcoin...
I should buy more Bitcoin for now
I mean, crypto is fundamentally flawed and will never work well as a global system for everyone but in the meantime...
I kinda look forward to quantum computing ruining bitcoin
War on Griftmas!!!
How they gonna mine bitcoin without enough electricity to heat their houses? Maybe Cruz is doing research in Cancun.
Is Texas about get rug pulled?
If the government was wise, they would not tell us that they are buying Bitcoin
