They got away with stealing half a trillion four years ago. Not a surprise.

Ah, so that's why bitcoin spiked out of nowhere. All the grifters passed around some inside information and stocked up before this went public.

Hey, constituents! Ever wanted to find out the breaking point of society through inequality?

If we want to have some sort of strategic crypto reserve, or some crypto dollar currency, why the Hell would we buy Bitcoin to do it? We can just whip up our own coin. Flat out call it CryptoDollars if you want. IDK. The federal government can create a coin, give it out to people for free, and then in turn accept it for taxes, the same way any currency is backed. Buying up existing market Bitcoin is just idiotic.

😆 what a fucking grift.

If you have a billion dollars worth of Bitcoin but you can't sell it for a billion dollars, then you really don't have a billion dollars worth of Bitcoin.

would literally be funding terrorists, terrorist states, organized crime, state sponsored hacking groups, weapons dealers, drug cartels......

The only thing worse than big corporations owning the government is big corporations and con artists sharing ownership in the government.

North Korea has stolen many billions of dollars in Bitcoin in the last 5 years due to targeting hacking efforts. However, they struggle to spend it or launder it because nobody will be the ones left holding stolen NK Bitcoin.

If we make Bitcoin strong and fungible, we empower North Korea more than anyone else. It's a bad idea.

The distant roar of pump memes can be heard across the nation.

Coincidentally, it is rumored that Satoshi holds a little over a million Bitcoin that has never moved, from the project's early days when it was worth a fraction of a cent and he was the only one mining it, earning 50 worthless BTC every 10 minutes. It's been widely assumed that those early Bitcoin wallets are lost. But what if they're not? Someone is sitting on billions of dollars, but can't sell, because that valuation is based, in part, on those particular assets being lost.

The article is right that this is all about banking out the largest BTC investors, because they can't just go to the markets and dump thousands of BTC at once. But they can sell that BTC directly to the Government, bypassing the markets entirely. The same government who can keep the BTC on the balance sheet, and print dollars in exchange. Just like Tether does, only legally this time. And if Satoshi (or his heirs) still have access to that early BTC, the Government is perhaps the only entity they can sell it to that won't cause a massive panic the minute those coins are moved on the blockchain.

But the article notes that Bitcoin was born out of a distrust of central banking and the Government in general. If this is the plan, I am sure that Satoshi is spinning in Hal Finney's grave over it.

Yeah, this is ALL about the grifting.

The rubes voted for donvict hoping he'll "hurt the right people" and he may. But the REAL fucking goal is to make the broligarchs even more fucking money and the rubes - they'll get fucked as much as anyone.

Well at least I have something to look forward to as the world goes down in flames...

Just wait until the Divorced Fascist Trenchcoat Buddy Association department of government "efficiency" hears about this...

Thats an odd way of saying the government will buy and hold crypto, theyve stolen as much from bitoin pioneers like Ross Ulbricht, about time they start actually paying for it.

I drove past a really sketchy Circle K earlier today that had a Bitcoin ATM sign. Looked like the sort of place where someone would stick a gun to the back of your head and force you to make a large cash withdrawal.

Wow, miraculous level of misinformation in this article