🇨🇳 China sold its entire 194K BTC stash, seized from PlusToken, despite official claims of transferring it to the national treasury, according to CryptoQuant CEO Ki Young Ju.

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So the Trump's 'crypto* EO is out, and I'm seeing lots of weak bitches cry that its a shitcoin reserve.

Given the fact that the proposed digital assets stockpile would possibly be built on *seized* coins, let me give you a quick introduction to forfeiture law, and why crying for daddy to please please make its pile of flying horseshit "bitcoin only" *literally* the most retarded thing you could be wishing for, ever.

Forfeiture law – or civil asset forfeiture, to be precise – is this fun little game the government plays in which it does not have to accuse you of a crime to confiscate your property.

Instead of accusing you of a crime, the Government claims that the asset itself has facilitated a crime, and can therefore be seized by the Government.

In civil asset forfeiture, there is no innocent until proven guilty. To get your property back, *you* have to prove that the Government is wrong – which turns out pretty complicated seeing how its impossible to prove a negative.

Civil asset forfeiture results in cases that are not filed against a person, but filed against the property itself. This results in fun little cases like US vs. Binance Account XYZ, or US vs. 123 Wilmington Drive.

To extend this idea to Bitcoin, in a civil forfeiture case, the US Government is in theory able to seize *any bitcoin* that has *ever* come out of a criminal transaction.

Made some bitcoin for selling a service? Bought some bitcoin on a P2P exchange? Unless you checked that the UTXO you received has never touched a criminal transaction in its entire history, your coins can be confiscated, and there's pretty much nothing you can do about it.

As Cato Institute points out in its piece on civil forfeiture reform, forfeiture law is routinely misused to enrich the Government – Philadelphia, for example, has seized over 1000 homes, over 3000 vehicles, and over $44M in cash over an 11 year period. In 2010, the city tried to seize *an entire fucking house* because a woman's grandson sold less than $200 of weed out of the basement.

If you think that taxes are bad, civil asset forfeiture is straight up evil.

It doesn't matter whether you participated in a crime. It doesn't matter whether you know that someone else participated in a crime. If it involved your property, even if said property was fully legally acquired, the Government will come and take it.

Civil asset forfeiture is the most insane Government funding technique that is out there, and you most definitely do not want this declared as a strategic means to pump the Government's bitcoin bags.

You are *literally* asking the Government to steal your coins with a practice that *every* libertarian advocate wants to see abolished.

The decentralized nature of Bitcoin makes it more expensive to use than some centralized alternatives. I'm not sure what's so hard to understand about that. I wasn't thinking about nor speaking about (look at my words) anything related to security. Security has absolutely nothing to do with my point, and I'm not even sure what his point is. So if you see one, you need to read my post again. I fucking wrote it and I've said multiple times that I wasn't talking about security. What else do you need from me?

Love or hate Trump, we’re less than a week in, but the guy seems to be keeping his word on almost everything he said he would do

💥JUST IN: Warren Buffett increased Berkshire Hathaway's holdings in Bitcoin-friendly Brazilian digital bank, Nubank

Nubank has integrated Bitcoin Lightning Payments and has 100 million customers in Latin America!

BREAKING: President Donald Trump says he'll 'demand that interest rates drop immediately'

Oh I guess I missed the intro thing….mybad. Hi! My name is Hana. Nice to meet ya. 👋 I just fell down a rabbit hole, someone handed me an orange pill that said ‘eat me’, and found myself in this strange and wonderful place.

NEW: 🇨🇳 China sold its entire 194K BTC stash, seized from PlusToken, despite official claims of transferring it to the national treasury, according to CryptoQuant CEO Ki Young Ju.

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Most Valuable Player

Offensive Player of the Year

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Anyone who goes along with ideology is a fake, a phony, a suit.

Don’t link a KYC’d wallet to your npub. nostr:note1lv605cg2k6etycec0xzfvut9ns2csva8dk6up44rylmc89av34hs4t4jtj

⚡️Microsoft will pay to restore parts of the Amazon rainforest in exchange for millions in carbon credits.

The initiative aims to offset the increase in greenhouse gas emissions caused by artificial intelligence.

#clownworld

Europe is preparing for another assault on encryption.

Set up your wallet ; tried to zap you.

People often assume that whoever their god is, that it is standing with them specifically. In the US, they often separate this view along party lines.

Conservatives to some extent imagine Jesus standing with them on the border with a rifle protecting Christendom against anarchy. Even if many of those immigrants are ::checks notes:: also Christians. If a "woke" bishop calls for compassion on immigrants and is not a fan of the twice-divorced President who can't name his favorite bible chapter and forgot to put his hand on the bible when being sworn in, she's somehow the baddie rather than him, even among Christians.

Progressives to some extent imagine Jesus walking around in Gaza or Haiti or Sudan attending to the least advantaged among us. He shuns the empire and tends to them. And yet, while Jesus called for pacifism and was a rhetorical saint among chill speakers, many of them find a way to mentally turn extremists into heroes. Anything the underdog society does against the dominant society is justified. Even if it's violent toward civilians. In our media rebels are cool, but in reality they often like to kill the gays or the civilians, so it gets awkward pretty fast rather than being like the cool Star Wars rebels vs the Empire.

I find myself in a weird camp that almost nobody is onboard with.

I'm like, "Yes, we actually need to secure our borders. We need to be more scrutinizing for our society's sake. We need slower, higher-end immigration. And we actually need to enforce the rule of law for theft on the streets."

But also,

"No, I don't think Jesus of Nazareth as depicted in text would be onboard with this border view. He'd view us like Rome. Let's not re-imagine him as onboard with this. We're rooting for ourselves; he'd root for the underdogs."

I'm too woke for the conservatives and too based for the progressives.

The US was involved with multiple coups in Latin America. We ran the reserve currency and tried to bend them to our will with their dollar-denominated debt 40 years ago by spiking the value of that debt. Some of them went into retarded socialism and rekt themselves throughout that time period too; it's not all our fault. But it's some of our fault.

And then we militarily entered the Middle East. We made deals with them, funded them against the Soviets, and then turned against them. We've invaded them at like a 100:1 ratio vs them invading us with one major incidence (9/11). And as much as I am a fan of Jews as a people (as someone who grew up in Northeastern USA where Jews are relatively dense, I'd happily have them settle all around here), Israel is a state is colonial; our western powers displaced Gazans to make it and have been fighting that reality ever since.

We're Rome. And like Rome, we think we are justified. And along those lines, we're probably partially right, and probably partially wrong.

When you take a view, imagine every possible view opposing it.

And as the US dominates as neo-Rome, I think we will realize how distant we are from Jesus the hippie.

Matt, he has a point. Read your post again. Doesn't make sense.

Learn how to read.

Being gaslit isn't having a tizzy fit. Fuck off.

I didn't imply anything. I said what I literally meant. I didn't even mention security.