Vitalik Buterin Calls Political Memcoins "The Perfect Bribe Tool" Ethereum founder Vitalik Buterin believes that "political" memecoins are suitable as a tool for unlimited bribes, including from foreign countries. Buterin wrote that he does not recommend politicians to go down this path. "The risk of political coins comes from the fact that they are the perfect bribery tool. If politicians issue a coin, you don't even have to send "them" coins to give them money. Instead, you just buy and hold the coin, and it passively increases the value of their holdings," Buterin wrote in X. He drew attention to the fact that holding such a coin is "a linear combination of donating to the issuer and gambling." That is, you can do the first, but if a dispute arises, then claim that the second is being done, without having to provide additional evidence. I did not play political games, but I bought memecoins and did not have time to sell them, they flew down like a rocket ๐. Are you more fortunate?
- 1 reply
- 0 recasts
- 6 reactions
Analysts are confident that MicroStrategy will receive shareholder approval to issue 10 billion shares to raise funds for bitcoin. The shareholders' meeting and vote will take place on January 21. If approved, the company will increase the number of Class A common shares from 330 million to 10.33 billion, and preferred shares from 5 million to 1.005 billion. Analysts polled by Bloomberg expect that MicroStrategy shareholders will easily support the company's proposal to increase the maximum number of shares. If approved, MicroStrategy will be able to issue more shares than almost all of the largest participants in the Nasdaq 100 index, with the exception of four of the top five, such as Amazon and Alphabet (Google). It is assumed that this will be part of MicroStrategy's fundraising program called the "21/21 Plan", which is designed for three years. The company plans to raise $42 billion to buy bitcoin. According to the plan, MicroStrategy intends to raise $21 billion by placing shares on the open market
- 2 replies
- 0 recasts
- 3 reactions
A committee on cryptocurrencies will be created in the US Senate, which will be headed by the author of the bill on the state reserve of bitcoins. The U.S. Senate Banking Committee is preparing to announce the creation of its first-ever subcommittee on digital assets, FOX Business reports. Senator Cynthia Lummis is expected to be appointed Chairman of the group. She, like other alleged members of the new working group, is known for her pro-crypto views and the development of a law on the national bitcoin reserve called the Bitcoin Act. According to her bill, the US Federal Reserve will have to buy bitcoin and hold it as a reserve asset, like gold or foreign currencies. It is assumed that the government will buy up to 200 thousand bitcoins per year for 5 years in order to accumulate 1 million bitcoins. According to Lammis, this, among other things, can help reduce the US national debt by half by 2045
- 1 reply
- 0 recasts
- 2 reactions