Post #33735 by Goofyhoofy on the US Policy board

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A bitcoin stockpile, like the gold reserves. Hmmm.

Seriously, this reaches an altogether new level of stupidity.

If you are going to have a “stockpile” and vow never to sell it, what good is it? Gold, at least, can be sold in times of national crisis or war (as Adolph did to support his effort). Crypto, on the other hand, can vanish in an instant, either by market forces losing confidence or by the deft touch of a quantum computer which cracks the wallet.

I entirely admit I do not see a single redeeming value in a “crypto stockpile” any more than a “dot com” stockpile or a “tulip” stockpile, but maybe that’s just me. (Gold, by contrast, has lasted as a store for thousands of years, so I’ll acknowledge that it’s likely to hang around for a while.)

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