Reserve

Bitcoin

David

Samson Mow, a Bitcoin maxi and CEO of JAN3, proposed new ideas for former president and presidential aspirant Donald J. Trump. Mow shared proposals such as making Bitcoin untaxable and creating a strategic Bitcoin reserve.
Mow aired his views on the popular social media platform X. His ideas proposed making Bitcoin an intrinsic asset in the U.S. economy. Mow’s first proposal suggests that Bitcoin could stabilize the U.S. national debt, which currently stands at approximately $35 trillion, according to the U.S. Treasury’s 2023 fiscal<a href="https://fiscaldata.treasury.gov/americas-finance-guide/national-debt/" rel="noopener noreferrer nofollow" target="_blank"> data</a>.
The Bitcoin advocate also proposed converting U.S. debt to sats (satoshis), the smallest unit of Bitcoin. The proposal would see U.S. debt cease to rise due to Bitcoin’s scarcity and decentralized nature. Moreover, introducing BTC sats to the public debt ecosystem will be part of the continuous trend of integrating crypto into traditional finance.
<h3 id="span-style-font-weight-400-samson-mow-proposes-lunar-bitcoin-mining-facilities-span">Samson Mow proposes lunar Bitcoin mining facilities</h3>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 I’m not sure Trump can top Bobby’s plans today, but here are some ideas:
 💸 Conversion of US debt to sats ($1 = 1 sat) 🌕 Lunar <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">#Bitcoin</a> mining facility 🏦 Abolish the Fed ⚖️ Inflation Reparations
 He still can create the Strategic <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">#Bitcoin</a> Reserve and make BTC untaxable ofc.
 — Samson Mow (@Excellion) <a href="https://twitter.com/Excellion/status/1817110413399544279?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">July 27, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
The crypto pioneer pushed a second proposal to transform Bitcoin mining: developing a lunar BTC mining facility. The idea involved setting up Bitcoin mining facilities on the moon to capitalize on lunar natural resources and reduce mining gravity. According to Mow, these advantages will help reduce operational costs and mining efficiency for these facilities.
Mow’s third proposal was to abolish the Federal Reserve. Abolishing the U.S. central banking system would significantly rejuvenate the country’s monetary policies, with Bitcoin playing the epicentral role. The CEO’s fourth proposal involved eliminating the tax on Bitcoin transactions and holdings. Doing so would promote widespread adoption of digital assets, especially from investors’ and traders’ perspectives.
<blockquote>
 “He still can create the Strategic Bitcoin Reserve and make BTC untaxable ofc.”
 <a href="https://x.com/Excellion/status/1817110413399544279" rel="noopener noreferrer nofollow" target="_blank">Samson Mow</a>
</blockquote>
<h3 id="span-style-font-weight-400-bitcoin-can-complete-inflation-reparations-span">Bitcoin can complete inflation reparations</h3>
Samson Mow’s fifth proposal highlighted that Bitcoin could be used to complete inflation reparations to victims of adverse inflation. The proposal referred to Bitcoin’s limited supply characteristic, which makes the asset a preferred hedge against the declining purchasing power of fiat currencies.
The last proposal on Mow’s list involved the establishment of a strategic Bitcoin reserve. The idea mimics that of Robert F. Kennedy Jr., a pro-crypto independent presidential candidate who promised to sign executive orders that<a href="https://x.com/AutismCapital/status/1816951410728317217" rel="noopener noreferrer nofollow" target="_blank"> advocate</a> for a BTC strategic reserve on his first day in office.&nbsp;
Trump is expected to deliver a speech at the Bitcoin Conference 2024, the world’s largest Bitcoin conference, in Nashville, Tennessee. The Republican presidential aspirant has come out as a strong supporter of the crypto ecosphere, promising Americans that once elected, he would end the war on crypto wedged by the Biden-Harris administration.&nbsp;
The Bitcoin Conference CEO, David Bailey, also invited rival contender and serving Vice President Kamala Harris, who declined the invitation due to unknown reasons.

Bitcoin maxi Samson Mow proposes six ideas to Donald Trump ahead of his Nashville speech

Съдържание

Cryptopolitan_News

Други статии, публикувани на 27.07.2024 г.

Max Keiser Predicts Bitcoin Will Surpass All Traditional Assets

Elon Musk Responds to Bitcoin El Salvador President Nayib Bukele's Vital Question

BlackRock’s Bitcoin ETF Sees Continued Inflows Despite Decline in Positive Market Sentiment

Bitcoin Hashrate Nears All-Time High As BTC Price Recovers Above $67,000

Celestia’s New Rival Launches in Mainnet: What is Avail DA?

This Altcoin Opportunity Won’t Last! [Final Chance]

Присъединете се към нашия безплатен бюлетин за ежедневни крипто актуализации!