Trump Declares Strategic Bitcoin Reserve: U.S. Establishes “Digital Fort Knox

Executive Order Creates Strategic Bitcoin Reserve, Signaling a New Era in U.S. Digital Asset Policy

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This post can be read in Tocsin Magazine, and all Medium members can read the full article here.

Introduction

How far has Bitcoin come from its humble beginnings to become the strongest digital currency in the world, currently valued at an astonishing $105,471.43 on CoinMarketCap at the time of writing?

Let us recall how, on May 18, 2010, a man named Laszlo Hanyecz offered 10,000 BTC (Bitcoins) on a Bitcoin forum to anyone who would deliver him two pizzas — and managed to make the purchase four days later from Jeremy Sturdivant. On May 22, 2010, Jeremy ordered two large pizzas from Papa John’s for Laszlo in exchange for 10,000 BTC.

This was the first transaction of cryptocurrency in the real world, marking the first time a digital currency was exchanged for a tangible good. Before this, Bitcoin had no material value, and even after the first transaction, its value remained in the cents for a long time. Today, this date is known in the crypto world as “Pizza Day” and is commemorated as the turning point that sparked the crypto revolution.

Trump’s Executive Order

Today, after 15 years and a rocky road where Bitcoin was declared dead hundreds of times, it has proudly claimed its place in the world. President Trump, as the leader of one of the world’s greatest powers, recently declared Bitcoin a strategic reserve and, through an executive order, created the “Strategic Bitcoin Reserve” in the USA.

Although he was once a major critic, skeptic, and opponent of cryptocurrencies, Trump not only changed his stance but also embraced them and became a holder of some cryptocurrencies himself.

With this move, he has shown and proven to skeptics that he is completely serious about fulfilling his campaign promise to make the USA the crypto capital of the world. Shortly after his executive order, Bitcoin experienced a slight dip of a few percent, but then sharply recovered and reached a new all-time high (ATH), soon hitting $115,000.

In addition to Bitcoin, the order establishes the U.S. Digital Asset Stockpile, encompassing other digital assets obtained through similar forfeiture processes. This initiative reflects a broader strategy to manage and leverage digital assets for national prosperity. The White House

What Is the Strategic Bitcoin Reserve?

The Strategic Bitcoin Reserve in the United States is a government initiative established by President Donald Trump’s executive order on March 6, 2025. This reserve marks the first-ever instance where a state has officially declared Bitcoin a strategic national reserve asset.

The reserve aims to serve as a long-term store of value, akin to a “digital Fort Knox,” and will not be sold, ensuring its role as a stable reserve asset. The White House

The U.S. Department of the Treasury is responsible for managing this digital asset, with billionaire David O. Sacks appointed as an advisor, also known as the “Crypto Czar” in Trump’s administration. Sacks plays a key role in overseeing and coordinating cryptocurrency-related policies, including the Strategic Bitcoin Reserve. Wikipedia

For the technical aspects of storage and trading, the U.S. Department of Justice has signed an agreement with Coinbase, a company providing custody and trading services for digital assets. The Washington Post

Source: Google

Where Will the Bitcoin Be Sourced From?

One of the most important stipulations emphasized by President Trump is that Bitcoin may only be acquired if procurement strategies are fiscally neutral and do not burden taxpayers. So, how will the government buy Bitcoin if it cannot use taxpayer money?

Trump tackled this issue with a shrewd and calculated move. The government will use Bitcoin that has been seized in criminal and civil proceedings and transferred into the possession of the U.S. Department of the Treasury. According to Trump’s executive order, all federal agencies were required to transfer their authority over seized Bitcoin to this reserve. coinledger.io

According to current data, the U.S. government holds approximately 207,189 Bitcoins, representing about 0.987% of the total Bitcoin supply. treasuries.bitbo.io

Here are the largest sources of seized Bitcoin according to Bitcoin Treasuries by BiTBO:

• Bitfinex hack (2016): A total of 94,643 BTC was seized from Ilya Lichtenstein and Heather Morgan, plus an additional 12,267 BTC and 2,818 BTC from related seizures.
• Silk Road marketplace: 69,370 BTC seized from an unidentified individual known as “Individual X,” and approximately 9,800 BTC from James Zhong, who illegally obtained Bitcoin from the marketplace.

This decision delighted taxpayers, as their money will not be touched, but at the same time, it disappointed crypto traders who had hoped that large-scale government purchases would drive up market prices.

The Significance of the Reserve and Its Global Impact

“The significance of this executive order is mostly symbolic, as it marks the first time Bitcoin has been formally recognized as a reserve asset by the U.S. government,” said Andrew O’Neill, Director of Digital Assets at S&P Global Ratings. The order left open the possibility of the government purchasing Bitcoin in the future.

In addition, this move has paved the way for further adoption of cryptocurrencies in the USA and globally, as well as their recognition as legitimate assets. State ownership of Bitcoin could influence its price and volatility, which has direct consequences for investors and crypto users.

Even Vice President JD Vance emphasized the importance of Bitcoin in rivalry with China, highlighting the need for U.S. adoption of cryptocurrency as a strategic advantage. Reuters

Conclusion

Besides the fact that the acceptance of Bitcoin as a strategic reserve in the USA marks a turning point and a major step toward the global acceptance of cryptocurrencies, this move could also have some negative consequences.

Bitcoin was originally conceived as a currency of decentralization, intended to place power in the hands of ordinary citizens, offering them alternatives to fiat money and traditional banking.

With the entry of government institutions and potentially banks into the crypto market, the essence of decentralization is undermined. While this may mean broader acceptance and legalization of cryptocurrencies, the original idea of power in the hands of the people becomes a distant dream.

Moreover, the entry of major players with billions of dollars, such as Trump, Musk, and others, into the crypto scene further reduces the chances for the average person to profit in this market.

https://cryptonftworlds.blogspot.com/2023/11/ai-blessing-from-heaven-or-curse-from.html

Pi Network: The Crypto of the Future, the New Bitcoin, or a Scam?

Discover the Story of Pi Network — a Mobile-First Cryptocurrency set to Transform Digital Finance, Learn about its…

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Pi Network: The Crypto of the Future, the New Bitcoin, or a Scam?

Discover the Story of Pi Network — a Mobile-First Cryptocurrency set to Transform Digital Finance, Learn about its History, Unique Features, and Future Potential

Source: The Crypto Times

This post can be read in Tocsin Magazine and all Non-Medium members can read the full article here.

Introduction

After six long years filled with doubts about its success, the launch date for Pi Network’s cryptocurrency has finally been announced.

On February 20, 2025, the long-awaited Open Network phase will begin — a date the team insists is final and non-negotiable.

This news has sent shockwaves through the crypto community, making headlines on major crypto portals, among influencers, bloggers, and everyday enthusiasts.

But what makes the Pi Network so important? How does it stand apart from thousands of other crypto projects? This article delves into those questions.

A Project of Controversy and Conviction

From its inception, Pi Network has sparked debates and divided opinions. Loyal supporters and harsh critics have clashed over its authenticity, yet one thing is clear: the Pi Network team has laid all its cards on the table.

Come February 20, 2025, we will see whether the project soars to new heights or fades into obscurity.

I, along with my wife, own several thousand Pi coins, and I follow every development closely. If you’re curious about joining, feel free to use our affiliate links at the end of the article and embark on your own Pi adventure.

The History of Pi Network

The project officially launched on March 14, 2019. It was conceived by two Stanford PhDs in computer and social sciences, Nicolas Kokkalis and Chengdiao Fan. Unlike Bitcoin, Pi Network employs a consensus algorithm based on the Stellar Consensus Protocol (SCP) and the Federated Byzantine Agreement (FBA).

These energy-efficient algorithms rely on extensive network communication between nodes to agree on the next block, eliminating the massive energy waste seen in traditional mining.

Designed with everyday users in mind, Pi Network is a significant step toward the mass adoption of cryptocurrency, thanks to its simplicity and accessibility.

Vision, Mission, and Unique Features

According to its website, Pi Network’s vision is to“build the world’s most inclusive peer-to-peer ecosystem and online experience, powered by Pi, the most widely distributed cryptocurrency in the world.”Its mission is to“build a cryptocurrency and smart contract platform secured and governed by everyday people.”

Unlike Bitcoin or Ethereum, Pi is mined through a free mobile app, making it accessible to everyone. Moreover, its environmentally friendly approach appeals to those concerned about the ecological impact of crypto mining.

 

Source: Google

Addressing the Critics

The very features that set Pi Network apart have also sparked suspicions. Many found it hard to believe that a free mobile app could enable users to earn cryptocurrency — essentially money — without any fees or upfront investments. While these claims may sound incredible, they do not automatically mean the project is a scam.

For six years, the Pi Network team has faced harsh criticism and baseless accusations. Influential voices in the crypto sphere mocked the project without conducting proper research or even reading its white paper. Hundreds of articles and videos portrayed Pi Network as a scam, though some content creators offered balanced insights by weighing both its strengths and weaknesses.

Critics also pointed to several delays in launching the Open Network, using them to question the project’s credibility. However, one thing the team has never done is ask for money. Despite persistent warnings that funds would eventually be demanded and misused, nothing of the sort has occurred.

When accusations of monetary fraud failed, detractors shifted their focus to other theories — suggesting the project might misuse data or exploit users with in-app ads. In response, Pi Network introduced an option to disable ads and implemented robust measures to secure all KYC documents, ensuring personal data remains protected.

Where Do We Stand?

After six years of ups and downs, while some skeptics abandoned the ship, a far greater number of people continued to believe in Pi Network.

Today, approximately 60 million users are involved in the project. Over 19 million have completed KYC verification, and more than 10 million have migrated their Pi coins to mainnet wallets. With all the conditions set by the team now met, the doors to the Open Network are wide open.

Now, we wait a little longer to see if our faith in the project will be rewarded. Will we be able to convert our Pi coins into tangible value, or will the critics prove right and the project falter?

For everyone following this story, stay tuned for updates. I will continue to monitor the developments closely and report on any changes.

Disclaimer

I am not a financial advisor or a cryptocurrency trading expert, nor am I a member of the Pi Network team. The opinions expressed in this article are my own and do not constitute financial or investment advice. If you decide to enter the world of cryptocurrencies, do so at your own risk. Always conduct your own research (DYOR) before making any major financial decisions.

My link and my user name are Neo25041977

Pi Network - Home Page

Pi is a network of tens of millions of humans mining Pi cryptocurrency to use and build the Web3 app ecosystem.

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My wife’s link and user name Xena04011970

Pi Network - Home Page

Pi is a network of tens of millions of humans mining Pi cryptocurrency to use and build the Web3 app ecosystem.

minepi.com

If you want to support my work buy me a coffee for $1

https://ko-fi.com/neo77

Greetings and until my next article!

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Ecology and Crypto-From Fossil Fuels to Green Energy

Discover How Green Energy and Sustainable Mining Methods are Transforming Cryptocurrency Mining

This picture is the property of the author, and it is made with the Canva program

This post can be read in Tocsin Magazine and all Medium members can read the full article here.

Introduction

Since Tuesday I gave priority to a sports article — after all, Croatia (my homeland) won a silver medal at the World Handball Championship — I thought it would be a good idea to write about cryptocurrencies today.

In terms of ecology and cryptocurrency mining, there is a fierce debate between the opponents — those who claim that mining is an environmental catastrophe — and the proponents, who argue that crypto mining does not pose as great a threat to the environment as some believe.

What are crypto mining and PoW?

The very first cryptocurrency was Bitcoin, which is mined using the Proof of Work (PoW) method. In simple terms, PoW means that miners use their computers to solve complex mathematical problems; the first to solve the problem gets to validate transactions, thereby creating and appending a new block to the blockchain, and in return receives a cryptocurrency reward.

Imagine this process as if miners were racing to find the fastest way to extract a “golden block.” The miner with the best equipment who offers the fastest and most accurate solution earns the right to mine and keep that piece of gold.

This process requires enormous amounts of computational power and, consequently, vast amounts of electrical energy. This brings us to the central ecological concern: if the electricity needed to run crypto-mining rigs comes from coal, oil, or any carbon-based fuel, the pollution produced is directly proportional to the energy used.

Critics of crypto mining — and especially of the PoW method — argue that the cryptocurrencies mined are not worth the environmental damage they cause. They are, in part, right. However, the energy powering these rigs does not necessarily have to come from carbon-intensive sources; instead, it can be derived from so-called “green energy” sources such as solar power, hydroelectricity, wind energy, geothermal power, or even tidal energy.

As we can see, even the PoW method of cryptocurrency mining is not inherently harmful to the environment. Moreover, there are many alternative mining methods where the environmental impact is reduced to nearly a minimum.

 

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Sustainable Approaches in Blockchain Technology

Due to growing concerns about environmental degradation, global warming, and climate change in general, alternative mining methods have been developed to reduce the ecological footprint of cryptocurrencies. Some of these methods include:

• Proof of Stake (PoS): In this method, users (or “validators”) invest a certain amount of cryptocurrency (for example, 32 ETH) that they wish to mine. They then “stake” this amount as collateral. In return, they are randomly chosen to validate blockchain blocks, earning transaction fees as rewards. The Ethereum network is an excellent example of PoS mining in action.
• Delegated Proof of Stake (DPoS): Originating from the PoS model, DPoS involves validators — known as delegates — who are elected by token holders. Once selected, these delegates validate transactions. The process is similar to PoS but with the additional step of pre-election by vote. EOS, TRON, and SUI are well-known networks using DPoS.
• Proof of Burn (PoB): This alternative consensus algorithm involves “burning” tokens — that is, sending them to an unusable address, thereby permanently removing them from circulation. In return, miners earn the right to generate new blocks in proportion to the number of tokens they have burned. The Slimcoin network is a notable example of PoB in practice.

Other methods such as Proof of Capacity (PoC), also known as Proof of Space, or Proof of Authority (PoA), exist as well, and new techniques are constantly emerging that aim to minimize environmental harm. However, discussing all these alternatives in detail would be too lengthy for this article.

In addition, ongoing innovations in blockchain network design and protocol development are focused on increasing efficiency and reducing energy consumption. These new protocols promise enhanced scalability and security while keeping their ecological impact minimal.

Conclusion: Energy is the Key

After reviewing the various cryptocurrency mining methods, the conclusion that emerges regarding ecology is that both critics and proponents have valid points. Ultimately, regardless of the mining method, what matters most is the source of energy that powers the mining computers.

If carbon-based fuels are used, environmental pollution will be high. Conversely, if renewable, green energy is used, the environmental impact can be dramatically reduced, and nature will remain clean.

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