See your bank for approved conversion rules to $US. Remember to use a secure password.

If the US government did actually obtain the crypto bros' target of 1 million bitcopin (BTC), and even IF BTC increased TEN-FOLD IN value, to one million USD per BTC, that yields only 1 trillion usd, which is fuckall compared to what SS payouts would be. In 2024 alone, the Social Security Administration will pay out $1.51 trillion combined between all its obligations.

Not only that, but the US could never sell the 1 million bitcoin without crushing the price (as that 1 million BTC is around 7 to 10 per cent of all actually available bitcoins that will ever exist and can actually be redeemed, as out of the 21 million BTC that can ever exist, 20 million have already been mined and between 4 or 5 on up to almost 8 million are already lost forever via lost wallets, damaged hardware, lost private keys, etc etc).

It is simply impossible to pay Social Security with BTC, same as it is impossible to pay off the US national debt with it.

It is all fantasyland silliness.

Cryptocurrency is an online computer game, and its only value is the faith of its investors.

The theory states that as long as there is a bigger idiot than you to buy back your shares, you will not lose your shirt and may make a small gain.

... it, too. Screw US law enforcement who seem interested in only low hanging fruit.

the bigger problem here, by far - is in the fact that we are normalizing at least two things here. 1) the 'crypto' currency carnival - and 2) the grifters and scam artists that readily inhabit ... (as per Bankman-Fried and this 18 year old 'misguided youth' and wannabe con)

neither has anything of value to offer our society.

About trading being for entertainment purposes only, blah, blah.

Chat gpt probably set up the coinop for him, and could have added the disclaimers.

from article

for an upgrade to our legal system.
You can't legally print money in your basement, but you can fabricate money on your computer? Kind of like creating shares of stock in a company, except that there is no company represented? How can this be legal?

The big money return in crypto is:::

1. Starting it, hyping it, selling it, and getting out, leaving the
suckers holding the bag.
2. Handling/storing it for others.
...a. Not your own money/crypto. Someone else's money/crypto.
...b. Lots of fraud/money manipulation/theft/lack of regulation.
3. Backed by trust/faith/great promises/optimism... but no
real assets.
4. It can literally disappear and good luck with lawsuits.
------------------
A few have profited by 'investing' but not the majority.

BTW... You're buying it with your 'real' money.
Will they let you buy it with your old broken crypto?

although it looks like he will handle his future just fine on his own.

We were taught for decades that the rich know best, and that the television (computers and phones nowadays) never lied. They spent trillions and trillions convincing us of this. It worked. Now, we have to deprogram those who cannot stop being Pavlovian when it comes to these and many other soundbites that have been burned into our brains until we believe it to be true and are willing to kill ourselves and everything around us to comply. (Of course, our delusional nature is going to kill us long before anything else will. I stand by this statement. It already got that orange gibbon re-elected when his fifteen minutes should have been LONG gone.)

Remember, elephants are not afraid of mice.

they have no understanding of how government functions.

However, they'll turn over their fortunes to those who are operating algorithms and social media scams - of which they have no understanding of how it works. But it ain't the gubmint!

(the last paragraph)

On December 1, after a two-week hiatus, Biesk’s son returned to Pump.Fun to launch five new memecoins, apparently undeterred by the abuse. Disregarding the warnings built into the very names of some of the new coins—one was named test and another dontbuy—people bought in. Biesk’s son made another $5,000.