Coin Stories Jack Mallers: Corporate Lobbying Threatens U.S. Strategic Bitcoin Reserve and Why Bitcoin is Honest Money
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Jan 29, 2025 Jack Mallers, Founder and CEO of Strike, dives into the risks corporate lobbying poses to a U.S. Strategic Bitcoin Reserve. He advocates for digital assets' recognition, critiques Ripple’s influence, and underscores Bitcoin’s value as honest money. Mallers discusses regulatory complexities in crypto, the emotional dynamics within the XRP community, and the potential for Bitcoin to foster ethical finance. He also highlights Strike's pivotal role in advancing Bitcoin adoption and the impacts of market volatility and emerging technologies.
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Positive Economic Impact of Bitcoin Reserve
- A Bitcoin strategic reserve would be a positive economic announcement for the U.S., unlike past negative ones.
- This is because Bitcoin's monetary policy is fixed, owned by the public, and resistant to government manipulation.
Ripple's XRP Distribution
- Ripple printed 100 billion XRP, giving it to themselves and selling the rest to the public.
- Unlike Michael Saylor, who bought billions worth of Bitcoin, Ripple has never purchased its own token.
Bitcoin as Honest Money
- Money should reflect an individual's contribution to society and store their value.
- Bitcoin solves this by being a fixed, finite monetary unit resistant to debasement.