Toot

Written by ⚯ Michel de Cryptadamus ⚯ on 2024-11-08 at 19:38

@firebreathingduck @KeithDJohnson

I would laugh at the entire crypto pyramid scheme ahem industry if not for the massive environmental cost.

probably time to stop laughing. republican senators are already drafting legislation to build a "strategic bitcoin reserve" i.e. "transfer hundreds of billions of taxpayer dollars directly into the hands of crypto bros".

https://cryptobriefing.com/bitcoin-reserve-asset-following-trump/

and that's before you even start worrying about the fact that some of them (most of them, actually) want to default on the debt and crash the dollar so as to make bitcoin the world's new USD. this has been peter thiel's stated plan for most of a decade. the only one who's not totally on board w/it appears to be elon, who i'm not sure i want to trust with the global financial system.

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