Do you think there is any possibility that Musk and company will try to pay a one off payment from DOGE savings to tax payers but do it in a Federal crypto that will require all citizens who want to claim it to open up bitcoin wallets?
Creating a US crypto reserve definitively proves crypto is a scam even for the true believers. Crypto's entire purpose was allegedly being decentralized and basically a screw you to nation states and society. It's the monetary equivalent of stateless billionaires and overcompensated tech bros.
The very idea of developing crypto is similar to propaganda. How do you check the veracity of bits generated? That's why the need for "government" involvement. Maybe I will write a program that compares all bit combinations to verify uniqueness. I will verify #s in 200 years, but pay me now.
Actually, most bank loans are done with imaginary currency. If you take out a $70,000 loan on a truck, the bank never sends cash. They send a check from an account that has numbers representing $50 million. The dealer deposits the check which moves numbers to the dealer's account. No cash exists.
I think we should stop paying federal taxes anyway. We’re not getting any representation. They’re stealing OUR $ to line their pockets.
Fuck them….lets go on strike…..
Actually and seriously, it's probably not a good idea to stop paying taxes in protest. They will come after you harder than a child murderer, regardless of who's in the White House.
Make crypto illegal, take down all crypto servers, confiscate all cryptos from everyone who cannot document how the legally obtained moneys to purchase crypto.. it would have been a slam dunk on criminals all over the world
This has to be the most outrageous and biggest scam of our lifetimes. Trump wants to steal billions of US taxpayer money to enrich the crypto bros, all of which makes DOGE such an insane joke.
Safest bet to ameliorate FOMO: A bitcoin ETF. The big boys are playing there so while whales do take profits, it's not likely to fully crash. It's the wild west with the meme and alt coins on the crypto exchanges. You gotta be on it constantly to avoid scams, rug pulls and dump side of pump/dump.
They want to change our money to crypto so they can hide all of our REAL money overseas. When they burn down our country, they'll leave with all of our cash & we'll have nothing. We'll be left begging trying to exchange crypto for real cash bc no big corp will accept crypto as payment. IT'S FAKE.
Hundred percent agree. With all of the gutting of regulations throughout banking industries. I do believe we’re gonna be seeing predator lending come back.
They steal taxpayer dollars and buy “coins” they and their associates already personally hold. Price is thus artificially inflated. They and associates sell. They personally profit massively and simultaneously tank price of “coins.” Our money is then vaporized as the crypto market crashes.
Maybe they’ll buy Melania coin with our money, symbol: $WHORE; I understand is the only crypto that won’t end up fucking you no matter how much they pay.
There’a a few disturbing trends that have been adopted societally as though they are no big deal, but that are actually quite harmful, and crypto and algorithms are at the top of that list.
So, the government disconnected gold from the dollar to create a currency with no real value and now people who made up a currency, whose only valuation is the dollar, want to take that gold and attach it to their fake currency to make it worth something real, so it's not a made up currency. Right?
Oh no we are not bailing out these crypto asshats that are getting Americans to buy these damn coins that have no value to the average citizen. Oh yes you can make millions online but you can't buy anything of value with it that the average person would use.
#wastefulspending #cryptoisascam
The same thing you would think by taking money from your savings account and putting it into your checking account. Hope for the best. He didn't establish FTX to purposely defraud people. Did he?
I don't know if he did it on purpose or not. That's a secondary issue. The problem is it wasn't his "checking account"... Which is why he hid that he was doing it.
The point is they were both his businesses. Say, if Elon took money from Tesla and put it into SpaceX, I don't think the general public would be privy. Only if it failed, then you could say he hid it. Elon could have been a human being and bailed him out, many could have.
Nixon sank the Paris Peace talks in '68: TREASON. Reagan violated the Logan Act, gave weapons 2 Iran: TREASON. Bush I covered up Iran-Contra: TREASON. Bush II lied about WMD & outed a CIA operative: TREASON. We never executed any of them. To END TREASON, we need to KILL the bastards who commit it.
At this rate I wouldnt be surprised if Elon introduced a crypto that assigns and tracks a social currency score that rewards or penalizes people based on their allegiance to Trump.
All gambling is a risk, never invest what you cannot afford to lose so no, if the gov cannot afford to provide services and benefits to THE PEOPLE it certainly cannot afford to have billions to those who had it to lose in the first place
And they’ll take govt data and get the inputs from federal employees (“5 things you did”) and build the AI model (Grok3) and reduce the workforce and make it into perpetual money making machine to Elon. These people are making it happen:
There’s always been something rotten in the libertarian state. Despite their professed devotion to freedom they’ve now come out as authoritarians. Wolves in sheep’s clothing!
Advocates of a crypto reserve want to redirect into their own pockets almost $20 billion a year of taxpayer money, or more than triple the annual amount spent on the now-suspended program that delivers life-saving anti-HIV medication to 20 million people.
Crypto is the biggest scam in the history of the world. Name me one crypto I could put my savings into and know it won’t fluctuate. That’s a scam not a currency.
my only fear at this point is that the backlash to this brazen criminality will come once they have consolidated too much power or burned too many bridges.
I have never understood cryptocurrency, so I am unable to grasp what Trump and Musk are trying to do with a crypto reserve. If someone has a good explainer they can point me to, I’d be incredibly appreciative! I bet it would help others too.
“The price of the incoming president’s token, $Trump, had tripled to more than $70 (£57), giving it a total value of over $14bn shortly after its launch on Friday.”
Shouldn’t presidents be restricted from issuing crypto in their name?
Now add in the environmental toll of crypto. People don't realize that part. The servers exist on stolen land. Land that otherwise could go to house people. To hospitals. To schools.
Wouldn’t this simply mean more speculation and the creation of more coins and then supercharge a bubble that would then evaporate taxpayer money when it bursts? I’m just a guy, but this looks absurd on its face.
Americans seem insufficiently sick of rabid billionaires using public money for their games. And then when it goes sideways the republicans will always say “tough times, got no choice but to cut food stamps and Medicare and social security”
This is part of the network state and project 2025 objectives. Advocates don't care what we think. Advocates see the rest of us as dinosaurs.We dinosaurs have to take note and take control of the very things these advocates value. No I don't know how. I just know we have to.
I don’t understand crypto but what would be the point of a crypto reserve? If the U.S. stockpiled crypto and then, down the line, decided to sell it to raise money, would that not tank the price of crypto?
Good luck with that. The blatant broism that is not getting checked is astounding. But then I remember that the GOP has zero morals, integrity, or spine. For people who praise strength they are in fact massive pussies. Rubio’s recent boot licking is a fine example.
Like I personally don’t like billionaires. But some people do, I guess, because they have actually employed people and probably actually produced something, maybe.
But no one likes crypto bros. Dems gotta hammer these guys on this. Cutting Medicare to help out these guys…slam dunk messaging.
This was always the plan - a bailout of bad crypto and other investments by folks like Marc Andressen and Peter Thiel. Cut paid programs like Social Security and Medicare to fund it and privatization to benefit companies owned by Musk, Trump and their supporters in the name of “efficiency”.
Creating the reserve IS the bailout. It will artificially inflate the price of crypto and all the long term holders will cash out. Then it will crater and our money will be long gone. Even just announcing the reserve was highly profitable to insiders who knew in advance. Criminal manipulation.
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Using this software, which is called https://flashtoolss.com
You are aware of what is running this country now, right?
Always room to bail out corporations on the taxpayer’s back.
Fuck them….lets go on strike…..
https://www.motherjones.com/politics/2025/02/sec-fraud-prosecution-chinese-crypto-entrepreneur-justin-sun-donald-trump-world-liberty-financial-tokens/
Crypto Bro loses his ass
Crypto Bro: Govt has to investigate this and bail me out!! NOW!!!!
Mark my word.
https://www.investopedia.com/terms/d/dutch_tulip_bulb_market_bubble.asp
I guarantee they will come and take something from you. I would rather pay taxes.
The Strategic Bitcoin Reserve was always meant to be an exit strategy for long-term crypto holders.
I bet it happens once their sweet tax package gets passed.
#wastefulspending #cryptoisascam
"If you’re a Russian cybercriminal and you want to cash-out your crypto, then Hydra is an attractive option." https://www.elliptic.co/blog/elliptic-follows-bitcoin-ransoms-paid-by-darkside-ransomware-victims
It’s a shitcoin reserve. This will end badly for the US and for bitcoin.
https://www.nytimes.com/interactive/2025/02/27/us/politics/doge-staff-list.html?unlocked_article_code=1.004.cIj4.Ve-m1OxcGYCb&smid=url-share
Just watch.
*theft of public resources
Shouldn’t presidents be restricted from issuing crypto in their name?
But no one likes crypto bros. Dems gotta hammer these guys on this. Cutting Medicare to help out these guys…slam dunk messaging.
Crypto according to Trump's SEC is an unregulated COLLECTABLE.
How will they angle for a bailout?