You can be sure this is about enriching himself and his broligarchs.
Dumb dumb dumb dumb
Make America Great Depression Again
nah, they’re just bringing back the roaring 20s!
So then, hypothetically, if they do this and we get hit with an EMP or a huge solar flare we will literally have nothing? I know it’s a little “tin foil hat” on my part, but I like to live by the rule of not putting all your eggs in one basket. I know this is an excuse for them to do a whole bunch of shady shit and destroy shit from the inside, but a random Internet stranger shouldn’t have a better grasp of national security than the president. Like, if this doesn’t set off red flags for you, you are either incredibly stupid or you think this will pay you out in some way. (Spoiler: it won’t)
Even my 70 year old mom knows this is a stupid idea and she doesn’t even know how to reset a router.
doesnt have to be an emp or solar flare. one malicious actor getting access to the wallets is all it takes and far more likely in my view
Guess i went too big for something that could fail incredibly easily.
If they actually know what they’re doing, then they can secure against EMP very easily.
But they won’t know what they’re doing.
To be honest you can run the bitcoin only with paper and dedication. The algorithm could have existed 2000 years ago
Mr. Art of the deal-do is robbing you blind. No matter how this ends, he and felon will have stashed piles of you cash
The only real question is whether he is doing this to enrich himself, or because Putin told him to do it.
Cash is the worst asset. They have piles but they don’t have cash
The biggest pump and dump scam of all time?
Donald the felon trump, doing his best to rape every single American he can.
So. America got bought by a vulture capitalist and they are selling off assets.
“Running America like a business”
Now ladies and gentlemen I will astound you with demonstration of my mighty mystical methods. Right before your very eyes I will make this gold disappear. Not just to your eyes, not just to thin air, but such that it will only be a logical concept of worth. One, two, three…
I don’t know why so many commenters think this is just a joke or funny. They’re talking about stealing the wealth of America to give to their rich friends directly through Bitcoin scams. That’s what this will be. Giant government-funded pump and dump for their rich fascist friends.
It is a joke and it is funny and it would also have serious consequences. This is a classic example of the lulz. Politics can be so dark and twisted real, and if you want to stay involved in it for decades, you have to appreciate the lulz and then still keep going.
Let’s compare it to, for example, the fact that Donald Trump has control over the US military and nuclear weapons. That’s shocking. He’s a complete moron and he’s kind of evil to boot. Many of his good buddies are evil racist pieces of s***, too. So that’s the starting point. That’s where most of us are already at. Does this current idea make things worse? Of course it does. But things were already bad. That’s why we’re not panicking anymore than we were yesterday or last month.
They’re talking about stealing the wealth of America
The wealth of America isn’t in a bunch of yellow rocks piled up in a vault in Kentucky. We’re dismantling the NIH. We’re dismantling the NOAA. We’re dismantling Medicaid and Medicare. We’re dismantling the entire higher education system.
If this was a four year long bank robbery, I wouldn’t give a fuck. It’s the destruction of our scientific and health care communities that has me gaping in horror.
It’s wealth owned by the American people right? I didn’t say it was the only wealth.
It’s worse because as described in the largest comment in the thread the Federal Reserve is not the US government’s wallet. And there is no mechanism for them to “just sell gold”.
It’s yet another thing that sounds vaguely feasible only if you know absolutely nothing about any of the systems in place.
The One Piece is real
Or chicklets if they don’t have change. But you watch out, if you come back home with chicklets your mom and dad are gonna be pissed. So best to chew them before getting home.
Fuck bitcoin. Let’s bring back the beanie-baby as a monetary standard.
If we’re going to use something physical, we should use meteoric rocks that can’t be replicated on Earth.
I see your beanie babies and raise you Pogs
I’ve got some old Magic: The Gathering cards.
They’re pretty hot right now ngl. I’ll take them (to play with) if you want. 😅
Musk starts eyeing the old boxes full of them in his basement…
The USA Pokemon Card Reserve.
This needs to be a second amendment issue now!
Well there it is. For anyone who believed that they were simply going to create a reserve to store already existing cryptocurrencies - that were confiscated by the federal agencies - and not spend federal dollars to bolster or hype up cryptocurrencies that are connected to the people in the administration, y’all are idiots.
I mean even that original plan would be fairly stupid. Law enforcement agencies seem to operate just fine with the current reserve of forfeited cryptocoins - I didn’t read anywhere of the FBI/CIA/etc crying out for a central bank style ‘strategic reserve’ managed by the FRB to add more layers of bureaucracy.
The only place I can find in news cycles saying it’s a great idea is a think tank entitled the Bitcoin Policy Institute who put out a report in late 2024 entitled “The case for Bitcoin as a reserve asset”. Plus all the usual crypto bros begging for it to pump their positions. Gosh, I wonder if these parties may be biased.
