Creating a Bitcoin Reserve System

Started a fund today for bitcoin. Basically, a reserve system for it.

Cool concept! But xapo as the gatekeeper? Not sure that's a good idea...

Yeah, I get that. Xapo has its own setup, probably not open to outside changes. Maybe pitch it to them?

I picked xapo and EUR, but others can do different exchanges. Just keep it decentralized.

So what's the end goal of this Bitcoin reserve?

It's about showing a community with backup plans if Bitcoin’s price swings.

Sounds risky with Bitcoin's growth. Who wants to freeze their euros?

Not really about trading profits here. I’ve got more than enough Bitcoin already.

But why hold so much fiat? With inflation looming, isn't Bitcoin the better bet?

Exactly, it's your choice to join or not. Anyone can decide their reserve size.

You could just buy Bitcoin and hold it for years. Why complicate things?

This will still be decentralized. No extra Bitcoin will be printed under this system.

Bitcoin doesn’t need a federal reserve. It’s meant to be free and flexible.

Quick report: 3817 EUR in xapo right now.

I don’t trust xapo either. But yeah, someone should make this exchange happen.

Current funds: 4121.06 EUR in xapo.

Can someone explain this plan in simple terms? I’m confused.

Yeah, I’m also lost. What happens if the balance gets too uneven?

Latest report: 3916.85 EUR in xapo.

This idea could boost Bitcoin’s market depth and reduce volatility.