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rampartd

(3,409 posts) Tue Dec 17, 2024, 07:37 AM Dec 2024

the bitcoin reserve

This discussion thread was locked as off-topic by Yonnie3 (a host of the The DU Lounge forum).

the worst idea in american history :using $100B a year from ft knox to form a "bitcoin reserve"

what can possibly go wrong?

10 replies

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the bitcoin reserve (Original Post) rampartd Dec 2024 OP

If I'm not mistaken... Think. Again. Dec 2024 #1

thre gold is said to be there rampartd Dec 2024 #2

I'm sure some jewelers will be happy to hear that. Think. Again. Dec 2024 #3

Bitcoin would seem to be the future, CERTAINLY if the SlobFather has his own Bitcoin Exchange. NoMoreRepugs Dec 2024 #4

more than nothing rampartd Dec 2024 #7

The main problem with bitcoin is it's a feeling. duncang Dec 2024 #5

whichever digital nonsense they choose rampartd Dec 2024 #8

Large part of the US bitcoin reserve ultralite001 Dec 2024 #6

that sounds reasonable rampartd Dec 2024 #9

Locking Yonnie3 Dec 2024 #10

Think. Again.

(22,456 posts)

1. If I'm not mistaken...

Reply to rampartd (Original post)

Tue Dec 17, 2024, 07:44 AM

Dec 2024

...there isn't any gold at Ft. Knox.

We moved away from the gold standard to the Petrodollar years ago, since then we just print cash when it's needed and make up numbers on spreadsheets.

Bitcoin is just one more fraud.

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rampartd

(3,409 posts)

2. thre gold is said to be there

Reply to Think. Again. (Reply #1)

Tue Dec 17, 2024, 07:56 AM

Dec 2024

ron paul and others have demanded to see it. i don't think they ever did.

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Think. Again.

(22,456 posts)

3. I'm sure some jewelers will be happy to hear that.

Reply to rampartd (Reply #2)

Tue Dec 17, 2024, 08:00 AM

Dec 2024

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NoMoreRepugs

(11,765 posts)

4. Bitcoin would seem to be the future, CERTAINLY if the SlobFather has his own Bitcoin Exchange.

Reply to rampartd (Original post)

Tue Dec 17, 2024, 08:37 AM

Dec 2024

Nothing says Money from NOTHING more than Bitcoin and the trump brand.

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rampartd

(3,409 posts)

7. more than nothing

Reply to NoMoreRepugs (Reply #4)

Tue Dec 17, 2024, 10:34 AM

Dec 2024

massive wasted electricity is used to solve the esoteric equation that they claim entitles them to riches.

i know a ponzi scheme when i see one, and we citizens are about to be buried underneath a pyramid.

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duncang

(3,767 posts)

5. The main problem with bitcoin is it's a feeling.

Reply to rampartd (Original post)

Tue Dec 17, 2024, 09:35 AM

Dec 2024

Musk bought a bunch of dogecoin then hyped it. Prices go up. He makes a mint. A few big players can boost or kill any of it. I mean it’s up to an individual if they want to buy. Also our dollar is almost the same since it’s a fiat currency. But it is backed by the government. Bitcoin isn’t. Also which ones would they invest in? Trump coin or whatever it’s called? Doge the one musk loves?

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rampartd

(3,409 posts)

8. whichever digital nonsense they choose

Reply to duncang (Reply #5)

Tue Dec 17, 2024, 10:38 AM

Dec 2024

buying $100B of it is certain to jack up the price. then the insiders sell off leaving the bag empty

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ultralite001

(2,351 posts)

6. Large part of the US bitcoin reserve

Reply to rampartd (Original post)

Tue Dec 17, 2024, 10:08 AM

Dec 2024

Comes from seized assets from criminal activity…

https://cointelegraph.com/news/bitcoin-us-government-largest-bitcoin-hodlers-5b-in-btc-report

https://www.vice.com/en/article/doj-bitcoin-seizure-marshals-auction/

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rampartd

(3,409 posts)

9. that sounds reasonable

Reply to ultralite001 (Reply #6)

Tue Dec 17, 2024, 10:39 AM

Dec 2024

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Yonnie3

(19,159 posts)

10. Locking

Reply to rampartd (Original post)

Tue Dec 17, 2024, 01:05 PM

Dec 2024

This isn't DU Lounge material. Please consider re-posting in General Discussion.

Our social forum. Relax with your friends and talk about off-topic stuff. The Lounge is supposed to be a friendly, welcoming place for everyone. No cliquish behavior. No drama. No political arguments. No whining about DU.

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