Philippine House has introduced a bill to establish a strategic bitcoin reserve.

[cryptomaniac_xxx]

Having a strategic Bitcoin reserve would be amazing just like we have been seeing in the United States. Bitcoin will soon be the reserve currency of so many countries looking at the way world government and creating strategic reserves to contain the storage of Bitcoin for a long period of time. If more countries indulge in this, it will get to a time when Bitcoin will be very scarce and the only thing we would be able to do is to trade it without holding it, many with other tokens. The adoption is continual and hoping to see more countries adopt it.

Although this is still a proposal. Most of our lawmakers have no understanding of what Bitcoin is, and that's why they need to make themselves informed very well about it before doing it. As a citizen, I am for it and I just want them to realize and analyze it first before doing it. Because this could be another way for them to swindle money and that's why even it's for the adoption that we're hoping for, there is a need for them to do several consultations from the industry experts before passing and signing it into law.

I don't know but for sure this lawmakers have a lot of advisers behind them to tell what Bitcoin or Blockchain it and then to tie everything that it might be good for their country to have this Bitcoin reserve. They can even have El Salvador for example in maybe in the floor in their deliberation.

But that is the thing though, don't get me wrong, but Philippines has one of the highest score in terms of corruption. So this could also be some that doesn't want this to happen and stop because it's going to be out of their control. But hopefully, the government will approve this proposal for the betterment of their country.

[blockman]

Although this is still a proposal. Most of our lawmakers have no understanding of what Bitcoin is, and that's why they need to make themselves informed very well about it before doing it. As a citizen, I am for it and I just want them to realize and analyze it first before doing it. Because this could be another way for them to swindle money and that's why even it's for the adoption that we're hoping for, there is a need for them to do several consultations from the industry experts before passing and signing it into law.

I don't know but for sure this lawmakers have a lot of advisers behind them to tell what Bitcoin or Blockchain it and then to tie everything that it might be good for their country to have this Bitcoin reserve. They can even have El Salvador for example in maybe in the floor in their deliberation.

They sure have but the question is, are they willing to listen to them? In fact, only a few law makers have an idea of what it is and are willing to listen. Some advocates tried to run for a government post but didn't win with the knowledge they have not only on Blockchain but also Bitcoin. And with too many problems that our country is facing right now, this is a low priority for them.

But that is the thing though, don't get me wrong, but Philippines has one of the highest score in terms of corruption. So this could also be some that doesn't want this to happen and stop because it's going to be out of their control. But hopefully, the government will approve this proposal for the betterment of their country.

Yes, no doubt with that. Still we can say two things.
1. They(lawmakers) like it because they can use it for their next level corruption.
2. No, they don't like it because of its transparency and they'll be caught in the act if they support it.

[STT]

I guess it matters as a precedent but Im more interested if Norway did the same thing because they have gigantic foreign reserves spare to invest.   Instead of a national debt, the country has gigantic wealth so their reserves would be considerable if directed towards Bitcoin.
   I believe Norway has about a fund of 1 trillion and the country is 5 million people pretty small but with alot of oil so they saved it with the idea the commodity wealth wont last forever and it must be invested; possibly the best government fiscal policy in the world.   
  Philippines also great they would do this but few countries have alot of spare resources to invest, mostly we are all trading back and forth debt and relying on trade alot.

[ultrloa]

I guess it matters as a precedent but Im more interested if Norway did the same thing because they have gigantic foreign reserves spare to invest.   Instead of a national debt, the country has gigantic wealth so their reserves would be considerable if directed towards Bitcoin.
   I believe Norway has about a fund of 1 trillion and the country is 5 million people pretty small but with alot of oil so they saved it with the idea the commodity wealth wont last forever and it must be invested; possibly the best government fiscal policy in the world.   
  Philippines also great they would do this but few countries have alot of spare resources to invest, mostly we are all trading back and forth debt and relying on trade alot.

What's good thing about is Norway exposure on Bitcoin is increasing https://coincentral.com/norways-wealth-fund-expands-bitcoin-exposure-by-192-in-q2-of-2025/

So same with other country also with Philippines who filled a bill to create a Bitcoin Strategic Reserve for their country there's really a high chance that we could see them draft a bill like this then join with good nation invest on Bitcoin.

But acceptance of this Bill is questionable in Philippines since as we could see it seems that their politicians is not ready for this kind of adaption.

[blockman]

I guess it matters as a precedent but Im more interested if Norway did the same thing because they have gigantic foreign reserves spare to invest.   Instead of a national debt, the country has gigantic wealth so their reserves would be considerable if directed towards Bitcoin.
   I believe Norway has about a fund of 1 trillion and the country is 5 million people pretty small but with alot of oil so they saved it with the idea the commodity wealth wont last forever and it must be invested; possibly the best government fiscal policy in the world.   
  Philippines also great they would do this but few countries have alot of spare resources to invest, mostly we are all trading back and forth debt and relying on trade alot.

5 million of population is nothing to our country because we've got more than 100 million in population and it keeps growing due to the vast teenage pregnancy. To be honest, there's a lot of deliberation about our yearly budget and so sad that it's an hot issue that we're taking right now because of many corrupt officials that are summing up from billions of Philippine pesos to a trillion and that's a lot of money if converted into dollars. That's around $8 billion and likely 20% of our yearly budget only comes to fake ghost projects for flood controls and not naming the other ones yet in other sectors like health care, education, etc. So, this proposed strategic reserve is better where our taxes go.

[Digifann1]

Yes, no doubt with that. Still we can say two things.
1. They(lawmakers) like it because they can use it for their next level corruption.
2. No, they don't like it because of its transparency and they'll be caught in the act if they support it.

You can't use Bitcoin for corruption in this sense. It is the worst instrument that you could possibly consider for corruption. There are ways that you can cheat like overpaying for it through intermediaries that charge extremely high fees, but any such corruption will be obvious right away. If you buy Bitcoin at $120k a piece, but average price is $110k during this period of time it is clear that you stole money. Also it is very easy to audit a Bitcoin reserve, so it is very difficult to try to hide any fake purchases too.

What's good thing about is Norway exposure on Bitcoin is increasing https://coincentral.com/norways-wealth-fund-expands-bitcoin-exposure-by-192-in-q2-of-2025/

Yeah but I am not sure if this is just investment exposure, not like a reserve. With that I mean they may sell during a big pump or a big bear market. That is not that great then.

[Dave1]

In connection to the Philippines and corruption and Bitcoin,



https://www.facebook.com/mommymicaigrace/posts/according-to-the-source-the-discayas-are-already-converting-their-assets-and-mon/122221187252144123/

From what I understand, this women allegedly pocketed billions of pesos as a contractor for Government projects. But the company that she headed didn't get the job done. And if the job is completed, it's substandard. Worst, most of them are "ghost project". And yet they were able to get paid by the Philippine in cohorts with the engineers of Department of Public Works and the the Commission on Audit.

They flaunt their riches here, with luxury and expensive cars that is around 40. She even brag that she bought one because she likes the umbrella.

In any case if this is true, then Bitcoin will have a bad image for them and might reject this proposal.

[blockman]

Yes, no doubt with that. Still we can say two things.
1. They(lawmakers) like it because they can use it for their next level corruption.
2. No, they don't like it because of its transparency and they'll be caught in the act if they support it.

You can't use Bitcoin for corruption in this sense. It is the worst instrument that you could possibly consider for corruption. There are ways that you can cheat like overpaying for it through intermediaries that charge extremely high fees, but any such corruption will be obvious right away. If you buy Bitcoin at $120k a piece, but average price is $110k during this period of time it is clear that you stole money. Also it is very easy to audit a Bitcoin reserve, so it is very difficult to try to hide any fake purchases too.

You don't know the style of our government. They can use everything for corruption as long as there is money involved in it. It's not about the price of Bitcoin that they'll buy and the time and date when. But it is the allocation that they'll play around it. We know how our government works and it's been cooking us with our own oil, using our taxes in the wrong way and that's why even if it's auditable and such. They can always play around with the papers and the auditing through a loop that they can since it's also volatile. But that's the next level that they will find out.

[Digifann1]

Yes, no doubt with that. Still we can say two things.
1. They(lawmakers) like it because they can use it for their next level corruption.
2. No, they don't like it because of its transparency and they'll be caught in the act if they support it.

You can't use Bitcoin for corruption in this sense. It is the worst instrument that you could possibly consider for corruption. There are ways that you can cheat like overpaying for it through intermediaries that charge extremely high fees, but any such corruption will be obvious right away. If you buy Bitcoin at $120k a piece, but average price is $110k during this period of time it is clear that you stole money. Also it is very easy to audit a Bitcoin reserve, so it is very difficult to try to hide any fake purchases too.

You don't know the style of our government. They can use everything for corruption as long as there is money involved in it. It's not about the price of Bitcoin that they'll buy and the time and date when. But it is the allocation that they'll play around it. We know how our government works and it's been cooking us with our own oil, using our taxes in the wrong way and that's why even if it's auditable and such. They can always play around with the papers and the auditing through a loop that they can since it's also volatile. But that's the next level that they will find out.

Your government is not more expert in stealing money any more than other corrupt governments. If you let very obvious ways of stealing happen, then perhaps the real issue is in the electorate the voters themselves. Maybe next time stop voting for old favorites, and vote for the outlier that will actually change the country.

Either way my argument stands strong. There are much better ways to do and hide corruption than with a Bitcoin reserve.

[blockman]

You don't know the style of our government. They can use everything for corruption as long as there is money involved in it. It's not about the price of Bitcoin that they'll buy and the time and date when. But it is the allocation that they'll play around it. We know how our government works and it's been cooking us with our own oil, using our taxes in the wrong way and that's why even if it's auditable and such. They can always play around with the papers and the auditing through a loop that they can since it's also volatile. But that's the next level that they will find out.

Your government is not more expert in stealing money any more than other corrupt governments. If you let very obvious ways of stealing happen, then perhaps the real issue is in the electorate the voters themselves. Maybe next time stop voting for old favorites, and vote for the outlier that will actually change the country.

Yes, this is what many of us are talking in social media. With collaboration of the same old politicians and the old style that they have, they'll still voted by the oldies that don't see how corrupt they are and same same style of being popular even without doing anything for their constituents.

Either way my argument stands strong. There are much better ways to do and hide corruption than with a Bitcoin reserve.

I understand that, it's not important whether it is strong or not. We know that with Bitcoin, less corruption could be done on it but as long as there's a huge budget allotted on it. These corrupts will find a way to exploit it.