General Discussion

bluestarone

(18,643 posts)

3. Well, if nothing else it's the best money laundering

Reply to Lulu KC (Reply #2)

Wed Dec 25, 2024, 04:52 PM

Dec 25

tool they are using. (Still feel it's other purpose is, threat to our monetary system)

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I was just thinking. Do you (like me) think that BITCOIN [View all] bluestarone Dec 25 OP

In addition... 2naSalit Dec 25 #1

No Lulu KC Dec 25 #2

Well, if nothing else it's the best money laundering bluestarone Dec 25 #3

They wrote after Trump's 2020 defeat, not after is recent win. I'd like to know what they think now. nt pnwmom Dec 25 #27

Here's something Lulu KC Dec 25 #37

The original goal, IIRC, was to bypass the banking system. usonian Dec 25 #4

crypto currency, of any stripe, is such a farce Trailrider1951 Dec 25 #5

Agree! bluestarone Dec 25 #7

It's mostly a younger people thing & they are making money womanofthehills Dec 25 #14

I agree. Maybe THAT was also part of these assholes plans? bluestarone Dec 25 #15

I have a friend (44) who is heavily into it. CanonRay Dec 25 #22

I'd rather go to Vegas if I want to take that kind of chance with my money. brush Dec 26 #54

I'm not a fan of Bitcoin but Disaffected Dec 25 #16

It's in here Lulu KC Dec 25 #38

Where is it? Disaffected Dec 26 #40

The article talks about how much power is used to "harvest" bitcoin Lulu KC Dec 26 #41

All internet related monetary transactions, including blockchains, obviously need electricity Disaffected Dec 26 #46

Got it Lulu KC Dec 26 #47

True, but a quantum compute break of blockchain security... getagrip_already Dec 26 #52

This is so far beyond my level of understanding right now Lulu KC Dec 27 #55

That's not true all confoosed Dec 26 #50

BITCOIN One World Government monetary system. Emile Dec 25 #6

I was with one of my husbands maga nephews last night and he is big into bitcoin kimbutgar Dec 25 #8

Today its just another example of "the greater fool" theory. Callie1979 Dec 25 #9

I get that moose65 Dec 25 #29

This is comforting Lulu KC Dec 26 #42

There's nothing backing it. It's a form of gambling. Joinfortmill Dec 25 #31

The only thing backing bitcoins are the US dollars and Euro dollars that people are trading for bitcoins FakeNoose Dec 25 #39

Easily stolen or lost. Then there is it's based on stock market. Blue Full Moon Dec 26 #45

If they ever bring back "Pet Rocks" I've already oasis Dec 25 #10

Amazing how todays Americans became so how should i say bluestarone Dec 25 #12

One side of any deal using Bitcoin for a transaction is a fool. Callie1979 Dec 25 #11

It seems to me to be anciano Dec 25 #13

I would have guessed that the original purpose was tax evasion. EarnestPutz Dec 25 #17

I tried to put a bitcoin in the parking meter the other day. defacto7 Dec 25 #18

lol! bluestarone Dec 25 #20

I do think it's a scam, yeah Jilly_in_VA Dec 25 #19

Here's a decent Trump/Bitcoin/US Treasury piece- Snarkoleptic Dec 25 #21

It is a way to circumvent banking laws Trenzalore Dec 25 #23

A few years ago, enigmania Dec 25 #24

Stay away from Bitcoin! Aussie105 Dec 25 #25

Saw an ad on TV this afternoon BOSSHOG Dec 25 #26

Harder to track income ....taxes underpants Dec 25 #28

Crypto is the "You knew damn well I was a snake..." dchill Dec 25 #30

I always get "the internet is a series of tubes" vibes awesomerwb1 Dec 25 #32

I would no sooner buy Bitcoin or any other crypto currency... A HERETIC I AM Dec 25 #33

No JCMach1 Dec 25 #34

YES! Jrsygrl96 Dec 25 #35

Seems to me to be a notinkansas Dec 25 #36

Some people already do think he's the "chosen one" Lulu KC Dec 26 #43

For all the supposed activity in crypto DFW Dec 26 #44

If someone gives you a bitcoin... Alephy Dec 26 #53

No Deep State Witch Dec 26 #48

Econ professor described gold as this... Xolodno Dec 26 #49

Crypto is for Criming - by Paul Krugman FalloutShelter Dec 26 #51

The Objective: Put the US taxpayer on the hook. Kid Berwyn Dec 27 #56

No. sakabatou Dec 27 #57