Bitcoin and America are two peas in a pod.
Both are founded on the principles of freedom, property rights, and decentralization of power. As such, It’s little surprise that Donald Trump – the newly re-elected President whose electoral brand is American pride – is also the United States’ first pro-Bitcoin President.
With BTC surging to new all-time highs after his victory, many are hopeful that Trump will help fulfill the BOS mission “Make Bitcoin Great Again” – so to speak. Whereas Trump plans to do so through human power structures and the letter of the law, BOS is getting it done through the magic of 21st-century cryptography and math.
Here’s what Trump’s Bitcoin campaign and BOS have in common, and why both are so bullish for guaranteeing Bitcoin’s bright future.
Free Markets
Trump has always been about deregulation: removing overburdensome rules that harm business and innovation more than they protect consumers.
In alignment with those goals, the President announced this year that he plans to fire SEC chairman Gary Gensler, whose agency is notorious for harassing the crypto industry and driving blockchain innovation overseas.
With a new, crypto-friendly chairman at the helm, it could become far easier for big crypto businesses to launch the game-changing products that Gensler once blocked, including crypto lending and staking products.
What’s more, it could provide clear skies for a revival of crypto’s ICO era, which was one of the greatest wealth-creation opportunities of our time. In true free-market fashion, ICOs improved on the traditional investment paradigm by democratizing both investment and fundraising for everyone, and letting people choose what risks they’d like to take with their money.
As tokenized investment is reborn, BOS will ensure that this new, decentralized economy can be built around Bitcoin. By enabling Bitcoin to connect to more flexible execution environments, BTC holders will be able to use their coins to access everything from stablecoins, to tokenized securities, to decentralized finance.
Bitcoin is by far the biggest market in crypto. With BTC now entering this economy, BOS and Trump together may create one of the biggest free-market explosions that the world has ever seen.
Constitutionalism
Just like Bitcoin, Trump is prioritizing the decentralization of power. From abortion to education, the President intends to restore authority to the states on issues for which the Constitution had intended.
That spirit extends to crypto: Trump supports banning the creation of a central bank digital currency, which would give the federal government even greater centralized surveillance and control over its citizens’ financial lives. He also firmly supports citizens’ right to self-custody of their Bitcoin without being treated as criminals.
The U.S. Constitution was designed to be a document of simple rules and almost inhuman stability. It lays out a careful separation of powers between the federal government and states, ensuring that most governance remains local and attuned to the needs of its citizens, rather than centralized and distant from them. Meanwhile, the threshold for amending the constitution was set deliberately high to make sure these rules were truly robust, and create a stable foundation for society to thrive on for centuries.
Bitcoin and BOS are creating a digital nation of a similar structure. The Bitcoin protocol is a simple code that is incredibly hard to change without overwhelming consensus amongst its entire network of participants. Ironically, this inflexible foundation makes it the most stable foundation to build on and invest in for the long haul.
With Bitcoin as its constitutional bedrock, BOS is using zero-knowledge cryptography to plug in autonomous execution environments – or “states” – into Bitcoin’s security and capital base. Cardano, for example, remains a fully independent and autonomous L1 with its own governance and consensus, but will use BOS to unite with the rest of the crypto ecosystem around BTC – the apex predator of crypto assets.
Bitcoin is like America: free, flexible and independent states united by stable and robust rules. BOS is building the United States of Bitcoin.
Wealth Creation
Another of Trump’s promises could create an even larger gap between Bitcoin and any of its would-be competitors: he wants to establish a strategic national Bitcoin stockpile.
The goal of this stockpile would not only be to HODL any existing BTC in the government’s possession, but also to acquire up to 1 million BTC for the U.S. Treasury. This would equal roughly 5% of the global Bitcoin supply, matching the government’s proportional ownership of the world gold supply.
If the world’s largest and wealthiest country were to begin buying BTC, it would not only send its price to the moon, but also likely inspire other nations to follow suit. This puts Bitcoin in an entirely different league: the chosen store of value asset for nation-states – a level of prestige rival coins could never touch.
While Trump could invite a disproportionate amount of capital into BTC from the outside, BOS bolsters BTC’s dominance of the entire crypto market from within. By extending the Bitcoin network, BOS gives BTC functionality that altcoins once held over it, and transforms it into a much more productive asset overall.
If BTC – the largest and most trusted digital asset – gains access to advanced functions like staking, borrowing, and trading, investors’ incentives to hold other digital commodities instead will disappear. This will increase Bitcoin’s dominance of the crypto market even further, and ensure that an even larger proportion of the world’s capital heading into crypto accrues to the mother chain.
In short, the current Bitcoin bull run is more than just a “Trump pump.” It’s a redefining moment for how Bitcoin is seen and value both inside and outside of the blockchain universe.
Code VS Word
Since Trump’s election, Bitcoin has surged from $69,000 per coin to $88,000 – and he’s not even President yet. There is undoubtedly reason for Bitcoiners to feel bullish for the months and years ahead.
Yet as Bitcoiners, we must remember what Trump and his administration ultimately are: a centralized authority. Like the banks themselves, we must trust his government to deliver on its word to the Bitcoin ecosystem, which may be hard to fulfill in practice.
Words, unfortunately, are fickle. People can turn their back on them, or reinterpret them into something entirely different at a later time.
This applies to Trump as well as anybody: during his previous time in office, the President called Bitcoin a “scam,” said it was a money laundering tool, and suggested that it should be banned entirely.
To be moved by words requires that you trust somebody – an element Bitcoin is meant to remove.
This is why BOS stands by its mission to “Make Bitcoin Great Again” through code, rather than law. Code doesn’t need a human interpreter – it simply executes. When made open-source, code completely removes trust from the equation, letting others personally recreate the systems that you have constructed to ensure they work as intended.
BOS is the first protocol of its kind to showcase open-source code demonstrating how it can verify ZK proofs on Bitcoin. Upon this technology, a new ecosystem of open-source blockchains and technologies will emerge that strip trust in third parties away from all of our financial affairs – and even our governance processes.
Bitcoin and BOS are an upgrade of the 18th-century political technology once designed to fulfill the American ideal.
Nevertheless, it’s promising to see the traditional political process finally turn in Bitcoin’s favor. Between several pro-Bitcoin members of his party and possible council from Charles Hoskinson and other industry leaders, Trump could soon might spearhead the bullish movement in Bitcoin adoption the world has ever seen.
