Reserve

Donald Trump

Bitcoin

President Donald Trump

Samson Mow, the CEO of JAN3 and advocate for Bitcoin, has listed six ideas for former President Donald Trump to consider ahead of his speech at the Nashville Bitcoin Conference,
However, some of these ideas align with presidential candidate Robert F. Kennedy Jr.’s promises to treat Bitcoin as a “strategic asset” if elected president.
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 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" target="_blank" rel="noopener noreferrer nofollow">#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" target="_blank" rel="noopener noreferrer nofollow">#Bitcoin</a> Reserve and make BTC untaxable ofc.— Samson Mow (@Excellion) <a href="https://twitter.com/Excellion/status/1817110413399544279?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 27, 2024</a>
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Mow’s first proposal suggests converting US debt into satoshis, the smallest unit of Bitcoin. By pegging $1 to 1 satoshi, Mow believes the US can leverage Bitcoin’s decentralized nature and scarcity to stabilize and potentially reduce the national debt.&nbsp;
In his second proposal, Mow envisions establishing a Lunar Bitcoin mining facility. By utilizing the moon’s abundant natural resources and minimal gravity, operational costs for mining could be reduced, thereby increasing efficiency.
Mow’s third proposal suggests abolishing the Federal Reserve, aligning with the libertarian philosophy often associated with Bitcoin. He advocates for a decentralized financial structure with Bitcoin playing a central role, moving away from traditional central banking.
Addressing inflation, He proposes compensating citizens for the loss of purchasing power due to inflation with Bitcoin, often seen as a hedge against inflation due to its limited supply.&nbsp;
Further promoting Bitcoin, Mow’s fifth proposal is to make Bitcoin untaxable. By removing taxes on Bitcoin transactions and holdings, the government could encourage wider adoption and integration of Bitcoin into the U.S. economy.
Lastly, Mow suggests creating a strategic Bitcoin reserve. This involves transferring the 204,000 Bitcoins held by the US to the Federal Reserve as a “<a href="https://www.cryptotimes.io/2024/07/27/rfk-jr-promises-strategic-economic-plan-for-bitcoin-if-elected/" rel="noopener noreferrer nofollow">strategic asset</a>,” similar to a proposal by Independent presidential candidate Robert F. Kennedy Jr.
As Trump’s speech at the Nashville Bitcoin Conference approaches, Mow’s ideas are expected to generate significant discussion about the future of Bitcoin in the US economy.
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 Also Read: <a href="https://www.cryptotimes.io/2024/07/27/peter-schiff-slams-rfk-jr-s-bitcoin-reserve-plan-as-vote-buying-tactic/" rel="noopener noreferrer nofollow">Peter Schiff Slams RFK Jr.’s Bitcoin Reserve Plan as ‘Vote-Buying’ Tactic</a>
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Samson Mow Lists Six Bitcoin Ideas for Trump’s Nashville Speech

The Crypto Times

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