Strategic Bitcoin Reserve .. is a simple idea .. without any upfront dollar investment by US gov
Let anyone pledge #bitcoin to US gov. Means you can't sell it without #SBR as a cosignatory. Nor can SBR sell it without your permission .
A minimum #btc pledge slab of say 100 #bitcoin .. cuz we don't want people pledging SATs .. but gov can change this slab.
From here on you share the profit and loss on pledged BTC fifty fifty with #SBR ..
- Tech is already there
- No initial investment by gov
- Downside prot by gov cuz gov can print dollars .. which will never happen cuz BTC price shall always go high .. probabilistically ..
- Ultimate goal - build SBR to US debt level - say 30 trillion ..
Why only BTC .. why not other commodities like say say copper or steel
- Cuz #bitcoin has an infinite shelf life .. all other commodities decay with time
Why not #gold - because logistics and preservation of gold is super hard . Besides there is no on chain mechanism to cosign gold sale..