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NoodleyAppendage

(4,625 posts)

17. Satoshi Nakamoto could then destroy the US economy

Reply to mahatmakanejeeves (Original post)

Sun Dec 1, 2024, 10:48 AM

Dec 1

There are 1 million Bitcoins sitting in the blockchain, assigned to the keys owned by "Satoshi Nakamoto," which if Bitcoin becomes the fiat currency would make this person the richest person ever on Earth. Flooding the crypto market with these 1 million 'genesis' Bitcoins would bring all world financial systems to a halt, if crypto overtakes cash.

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Crypto leaders press Trump to create federal bitcoin reserve [View all] mahatmakanejeeves Nov 27 OP

then some hacker will bleed it dry Historic NY Nov 27 #1

My question is whether the Department of Treasury will allow this to happen. no_hypocrisy Nov 27 #2

Thank you for pointing out that crypto valuations are extremely unstable. Midnight Writer Nov 27 #9

"vulnerable to manipulation by super-wealthy players" - for tRUMP that's a good thing. groundloop Nov 27 #12

In the annals of the history of corruption, this will make the Teapot Dome Scandal pale in comparison. sop Nov 27 #3

I hope this fails Marthe48 Nov 27 #4

I must confess Dyedinthewoolliberal Nov 27 #5

See reply 6. highplainsdem Nov 27 #7

This will undermine the dollar, and that's the intent. See highplainsdem Nov 27 #6

Isn't this against the raison d'tre of crypto? OrwellwasRight Nov 27 #8

"... then why ask governments to buy it?" mahatmakanejeeves Nov 27 #11

This is really bad. love_katz Nov 27 #10

Oh. My. God... FakeNoose Nov 27 #13

They want a federal crypto black hole, not a reserve; and that's to keep crypto as a Ponzi scheme muriel_volestrangler Nov 27 #14

Am I the only one old enough to remember Blue_Tires Nov 27 #15

You are not. OrwellwasRight Nov 30 #16

Satoshi Nakamoto could then destroy the US economy NoodleyAppendage Dec 1 #17

Bill Maher's take on crypto vapor2 Dec 1 #18

Well, pony up the money dudes! You hit the magic bribe number and travelingthrulife Dec 1 #19