Erik Voorhees just threw cold water on the whole government bitcoin reserve concept. His take? Bitcoin belongs in the hands of "private, good, noble actors" — not government vaults.
It's a sharp pushback against the recent chatter about nation-states stockpiling BTC. While some see strategic reserves as legitimizing crypto, Voorhees clearly views it as missing the entire point of decentralization. The debate keeps heating up: should bitcoin be a tool for governments, or does that betray its founding ethos?
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GhostAddressMiner
· 12-08 23:10
Heh, Voorhees’ arguments sound nice, but just look at the on-chain footprints of those “noble actors”… The unusual transaction patterns of those early holder addresses and the flow of funds behind them are all perfectly traceable. Whether or not the government is stockpiling Bitcoin doesn’t really matter; what’s truly suspicious is who’s quietly positioning themselves with those dormant wallets.
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ProofOfNothing
· 12-07 22:48
Once Bitcoin ends up in the government's hands, it's over—it'll be just like fiat currency.
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CodeSmellHunter
· 12-06 01:03
Hmm... the government hoarding Bitcoin is essentially self-contradictory, ironic.
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MetaLord420
· 12-06 01:02
Voorhees is absolutely right this time; the government is playing with fire by meddling with Bitcoin.
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CompoundPersonality
· 12-06 00:59
Who would trust the government to hold Bitcoin properly? That's hilarious.
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ForkTongue
· 12-06 00:39
To be honest, the government accumulating Bitcoin should be off the table. That would just be a disguised way of exploiting people.
Erik Voorhees just threw cold water on the whole government bitcoin reserve concept. His take? Bitcoin belongs in the hands of "private, good, noble actors" — not government vaults.
It's a sharp pushback against the recent chatter about nation-states stockpiling BTC. While some see strategic reserves as legitimizing crypto, Voorhees clearly views it as missing the entire point of decentralization. The debate keeps heating up: should bitcoin be a tool for governments, or does that betray its founding ethos?