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Laha

(436 posts)

6. I'm no expert

Reply to wcmagumba (Reply #2)

Fri May 29, 2026, 06:29 PM

19 hrs ago

Just speaking from some small personal trading experience.

The short answer is no. They don't produce anything so the value only exists by what people believe it to be.

"Seizing" crypto funds isn't like seizing currency. All they're going to do is spook the investors who might buy, and as a result tank the market. There will be nothing to withdraw from anywhere because it takes public trust. Which is eroding quickly, because crypto has repeatedly proven itself to be nothing but a haven for risky investors and tax evaders.

I don't know where things will go from here. Just my random thoughts.

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FakeNoose jmbar2 WA-03 Democrat Chin music efhmc

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Highlight:

US says it has seized $1 billion in crypto assets from Iran [View all] littlemissmartypants 20 hrs ago OP

isn't that why they use crypto? so the gov't can't seize it? rampartd 20 hrs ago #1

I suspect that the sanctions placed on Iran have fixed any problems to access the regime had. littlemissmartypants 20 hrs ago #4

Are crypto assets real? Being a basic (poor) person on a fixed income I really don't know... wcmagumba 20 hrs ago #2

I'm no expert Laha 19 hrs ago #6

Buy drugs or weapons? WA-03 Democrat 18 hrs ago #11

Trump stealing everything down to the studs is official US policy. Irish_Dem 20 hrs ago #3

This stillspkg 15 hrs ago #13

It is a clinical seminar: How psychopaths function when they have no restraints. Irish_Dem 7 hrs ago #21

I so wished that the pedopres did not represent me or all the other decent Americans in any way. efhmc 15 hrs ago #14

Our country is run by ruthless, dangerous, psychopaths. Irish_Dem 7 hrs ago #22

What's His Cut 2na fisherman 19 hrs ago #5

I expect we'll never know. Harker 19 hrs ago #8

That was my first thought, 2na fisherman. They probably took more than that but we're only hearing about a small bit. littlemissmartypants 19 hrs ago #9

Since it's fake money anyway, they'll keep all of it FakeNoose 18 hrs ago #10

I don't believe it. paleotn 19 hrs ago #7

"Crypto Assets" mdbl 17 hrs ago #12

IMO this is one more grandiose lie. No evidence to support it and dealing with a "currency" which exists in abstraction Ford_Prefect 15 hrs ago #15

My question is why does Bessent seem to be doing Marco Rubio's job? littlemissmartypants 12 hrs ago #18

I thought the vaunted "blockchain"..... SergeStorms 6 hrs ago #23

$1 billion in crypto assets Roy Rolling 14 hrs ago #16

These seized assets are the assets of the Iranian government. littlemissmartypants 12 hrs ago #17

Good to know the US Treasury can do this Deminpenn 9 hrs ago #19

So Will This Be Counted modrepub 7 hrs ago #20