326
this post was submitted on 19 Apr 2025
326 points (98.5% liked)
News
29097 readers
4824 users here now
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
founded 2 years ago
MODERATORS
Why do we let the dumbest motherfuckers decide anything, ever?
Because they're the popular kids!
And they're rich.
I'm not saying these are good reasons, just that they're reasons.
more like they have the cops in their pocket
We keep letting capitalism rule the world
Because your “opposition” politicians and voters are cowardly as hell?
That's one way to take make money...
-
Buy a bunch of personal bitcoin
-
Announce that the government is buying a ton of bitcoin
-
Wait for the value to surge
-
Sell your bitcoin at the new inflated value
You forgot the part where they take all the government purchased Bitcoin and cash that out to personal accounts.
They could literally steal billions of dollars this way... It's terrifying.
There is no point to taking the extra strep of buying Bitcoin when they steal government funds to personal accounts.
If they're already doing that, sure. Though that is harder to cover the tracks of.
Whoa whoa whoa whoa whoa... "COULD"???? We both know that they WILL do that, given the chance. The Fash Trash are opportunistic parasites, after all.
They already freed up a bunch of seized bitcoin and called it a "reserve." Wtf is government suppose to do with bitcoin? Buy mercenaries on the deep web?
I mean, Bitcoin is an appropriate currency to use as a reserve, that's not misguided. The problem is that they can't be trusted with access to the funds.
With bitcoin basically a stand in for the dollar these days, what would the purpose of that be?
Right... So what happens is you dump money into it, the government then dumps money into it, you cash out, then the government is out money and you grain money... Assuming you have capital to fuck around with prior.
Not quite. They'll pull the rug before you get to cash out.
you grain money
Is that why the kids have been calling money "bread"?
Dough
Oh look, another buy-the-dipshit
GME ahead of the game somehow. Would be nice if we could benefit from the pump/dump.
…except the thing you cashed out into is undergoing rampant inflation.
All the people panic-selling their investments are just reinvesting in USD
I'm not sure that's sound investing advice...
Would'nt dogecoin be more efficient?
/s
It’s gonna be $DOGE.
Hah. Yeah, put your money where your mouth is! I fucking dare you!
Put all your money into that worthless joke!
If this regime has the government buy crypto; the government will lose access to it. These people will either "lose the encryption codes", actually loose the encryption codes, steel it, let it be stolen, ect..
If they're leaking this now, they have already purchased their personal "investments" to dump in exchange for tax (tariff) dollars.
Shouldn't they be paying down that debt they are increasing. Esepcially since they are driving foreign companies to not buy it.
I'm sure there's no way this could backfire.
Oh and you know it's really all Elon's idea.
Wasn't bit coin suppose to be decentralized currency? Wtf is it even, now?
A scam
seems like a great way to siphon off the cash
Yeah, we can't let them do this... Bitcoin is electric cash, once they have public funds in Bitcoin, they have turned it into private funds, they've already pocketed it. We can't let them steal from the country like that...
I’m assuming the plan is to buy bitcoin from themselves and their friends with taxpayer cash. They don’t care about the bitcoin after that. They’ll have the cash.
That's not a great assumption. He doesn't need to take the margins on an increased value of Bitcoin, maybe making 20% on a quick investment... he could take the Bitcoin itself! Instead of making 20% on the money that he and his cronies put in, he could make 100% on the money the NATION puts in... It's the difference between millions and many billions!
This is a much bigger deal than a pump and dump scam! Bitcoin is cash, he could convert it into any currency in the world whenever he wants. It's instant money laundering.
Everything Trump touches turns to shit. Just ask how his casinos, steaks, planes, hotels, university, and rape victims are doing.
Honestly, using the country's surplus to fund a sovereign wealth fund like Norway instead of throwing it into the black hole of the military industrial complex seems like it would be a pretty good idea.
Too bad they're stealing taxpayer dollars through tariffs to throw into the additional black hole of crypto market manipulation instead.
There’s no surplus, even with the extreme tariffs that trump is pushing. Given the economic destruction that they’re likely to cause, they’re probably a net loss for the treasury (and certainly are if one considers the damage that they’re doing to the IRS).
The reasons that the ‘sovereign wealth fund’ idea keeps coming up are:
- All of the cool authoritarians have one
- trump really, really, wants a slush fund to grift off of
That’s it.
The country absolutely has an enormous surplus, it's just that we waste it all on military contracts with little to no return.
Nope.
If we cut the military budget to zero, we’d still have a trillion dollar deficit.
To the moon! 🚀 🌙 👊 🇺🇲 🔥