There's no shortage of creative proposals for a "budget-neutral Strategic Bitcoin Reserve" - from selling gold reserves to liquidating confiscated altcoins. But this latest proposal wrapped in academic packaging takes creativity to another level. A nation-state would fork the Bitcoin blockchain at a pre-announced time, giving Bitcoin holders 1:1 SRBTC tokens while simultaneously allocating "a predetermined large amount of SRBTC tokens to the nation's strategic reserve." The paper suggests "mining of SRBTC tokens according to a schedule to be decided by the strategic reserve committee." Yes, you read that right — a strategic reserve committee. Why would any Bitcoin holder voluntarily abandon the decentralization and all the features that make Bitcoin valuable? Why would you hand over control to a government committee? Why would Bitcoin holders accept a nation-state diluting their holdings? Exactly. This does not make any sense. Hiding behind fancy formulas, the authors propose a token that essentially replicates the fiat system, stripping away nearly everything that makes Bitcoin valuable. Yet, it is proposed as a serious solution.