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Was curious if a maple reserve existed. looks like Canada is leading the charge on that one: https://ppaq.ca/en/sale-purchase-maple-syrup/worlds-only-reserve-ma

Was curious if a maple reserve existed. looks like Canada is leading the charge on that one: https://ppaq.ca/en/sale-purchase-maple-syrup/worlds-only-reserve-maple-syrup/ https://ppaq.ca/en/sale-purchase-maple-syrup/worlds-only-res...

wolfgang42 2y ago
Famously subject of the biggest heist in Canadian history: https://en.wikipedia.org/wiki/Great_Canadian_Maple_Syrup_Heist https://en.wikipedia.org/wiki/Great_Canadian_Maple_Syrup_Hei...
Eddy_Viscosity2 2y ago
Strategic reserves for actual physical commodities makes some sense. Then can reduce the volatility in markets due to sudden unexpected market shocks. In the case of maple syrup that might mean a stretch of really bad harvests. But digital currency is made up. It isn't 'needed' for anything. So there is no sense to have a strategic reserve.
- JumpCrisscross 2y ago
  > there is no sense to have a strategic reserve FX reserves. (Doesn’t apply here. But stockpiling social constructs can still make sense.)
  - Eddy_Viscosity2 2y ago
    I think the closet example here would be if the Federal Government had started a "beanie babies" strategic reserve back in the 90s.
- sadeshmukh 2y ago
  All currency is made up, and even physical reserves (gold) have very little intrinsic value. Bitcoin is just another one.
  - Eddy_Viscosity2 2y ago
    Yes, this is true. The federal government already has the US dollar. It does not need "another one". Why would it?
    - desumeku 2y ago
      It's not about "needing" another one. The "other one" is already here, whether you think you need it or not. Will America play the leading role in how the world reacts to its existence, or will someone else beat them to being first? The answer was already decided. Welcome to the future.
      - Eddy_Viscosity2 2y ago
        Beating them to being first at what? The first to sink taxpayer resources into buying the latest meme coin? The first to provide a taxpayer funded bailout for crypto-bros? This is precisely the sort of 'waste and corruption' that the new administration should be getting away from, not diving into.
        deleted 2y ago
        [deleted]

wolfgang42 2y ago

Famously subject of the biggest heist in Canadian history: https://en.wikipedia.org/wiki/Great_Canadian_Maple_Syrup_Heist https://en.wikipedia.org/wiki/Great_Canadian_Maple_Syrup_Hei...

Eddy_Viscosity2 2y ago

Strategic reserves for actual physical commodities makes some sense. Then can reduce the volatility in markets due to sudden unexpected market shocks. In the case of maple syrup that might mean a stretch of really bad harvests. But digital currency is made up. It isn't 'needed' for anything. So there is no sense to have a strategic reserve.

JumpCrisscross 2y ago
> there is no sense to have a strategic reserve FX reserves. (Doesn’t apply here. But stockpiling social constructs can still make sense.)
- Eddy_Viscosity2 2y ago
  I think the closet example here would be if the Federal Government had started a "beanie babies" strategic reserve back in the 90s.
sadeshmukh 2y ago
All currency is made up, and even physical reserves (gold) have very little intrinsic value. Bitcoin is just another one.
- Eddy_Viscosity2 2y ago
  Yes, this is true. The federal government already has the US dollar. It does not need "another one". Why would it?
  - desumeku 2y ago
    It's not about "needing" another one. The "other one" is already here, whether you think you need it or not. Will America play the leading role in how the world reacts to its existence, or will someone else beat them to being first? The answer was already decided. Welcome to the future.
    - Eddy_Viscosity2 2y ago
      Beating them to being first at what? The first to sink taxpayer resources into buying the latest meme coin? The first to provide a taxpayer funded bailout for crypto-bros? This is precisely the sort of 'waste and corruption' that the new administration should be getting away from, not diving into.
      - deleted 2y ago
        [deleted]