The post What Goes Into A Reserve: Most People Won’t See A Difference appeared on BitcoinEthereumNews.com.

Things have changed now, and I don’t think people have truly grasped the scope of that change. For all his flaws, and complete lack of personal care on the subject, a sitting President has made promises to act favorably towards this space from a regulatory point of view. Obviously, many of the things he will do will wind up being detrimental to this space, and much of it will be favorable to other projects besides Bitcoin. Yet still we argue and bicker like children. It boggles my mind how many people seemed to think it was just taken for granted that any government stockpile of digital assets would include only Bitcoin. The Trump campaign received money from numerous camps in this space, not just Bitcoiners, has a history of multiple NFT projects on Ethereum, and has no deep understanding of this space or any of the technology developed in it. Why would he see Bitcoin as any different than everything else in this space except being the oldest and biggest? That’s better than most average Americans. Most people in the US don’t even appreciate any difference between Bitcoin and other cryptocurrencies. They see the entire ecosystem as just a bunch of degenerate gamblers and crooked insiders profiting from the gamblers. Arguing over Bitcoin versus other cryptocurrencies in a reserve fund to most people is like arguing over which fast food restaurant you are going to. You’re eating shit food no matter what. Everyone is focusing on these irrelevant internal arguments over Garlinghouse and Ripple, why a reserve should only be Bitcoin, etc. You are all ignoring the much more important issue looming over everything: your average person doesn’t see the difference between Bitcoin and everything else. They are going to see any reserve holding any asset by and large as…

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Filed under: News - @ January 28, 2025 8:25 pm