Bitcoin / Cryptocurrency

MothMan

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Drinkthekoolaid

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So 401k can now be used to buy crypto?

I didn't catch this before. This is very interesting. Will companies like fidelity now begin to offer crypto plans or how will it work?
 
Defilade

Defilade

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Drinkthekoolaid said:
So 401k can now be used to buy crypto?

I didn't catch this before. This is very interesting. Will companies like fidelity now begin to offer crypto plans or how will it work?
Click to expand...
Yes, crypto and precious metals. Happens in Jan/Feb. I believe it's an executive order by Trump.

www.whitehouse.gov

Democratizing Access to Alternative Assets for 401(K) Investors

By the authority vested in me as President by the Constitution and the laws of the United States of America, it is hereby ordered: Section 1.
www.whitehouse.gov www.whitehouse.gov
 
Defilade

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Hi! Support your enslavement.....

WO2020060606A1 - Cryptocurrency system using body activity data - Google Patents

Human body activity associated with a task provided to a user may be used in a mining process of a cryptocurrency system. A server may provide a task to a device of a user which is communicatively coupled to the server. A sensor communicatively coupled to or comprised in the device of the user...
patents.google.com
 
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Siglover518

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Im not an expert by any means and i dabble in a bit of everything investment wise. but my biggest thing is I dont believe in putting all your eggs in one basket.

Bitcoin could be great especially if you have alot of money to dump into it. but realistically youll never see a gain like the original people did. Any crypto is a gamble but inevitably it goes up buy at the big dips.

Id keep your traditional Ira and if you want to invest in metals do it with physical bullion something you can hold in your hand. Not promises of it.
 
Robin

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So, has anyone cashed in any of this shit for something they could actually spend at, oh I dunno, say Dollar General?
Robin
 
MothMan

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Robin said:
So, has anyone cashed in any of this shit for something they could actually spend at, oh I dunno, say Dollar General?
Robin
Click to expand...
You can buy food & gas at Sheetz, books at Barnes & Nobles, movie tickets at Regal the list grows. Payment apps like SPEDN or ZASHI will get you there.
 
TopShot

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BitCoin, taking a bloodbath ?
Wait until you think it's bottoming out, then buy more.
When People are Crying, I'm Buying !
C.B.
 
Defilade

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I suggest you listen to this cause this is what has been going on..



The U.S. government owes $37 trillion. More debt than any nation in history. They're not planning to pay it back. They're planning to erase it. Not through default. Not through austerity. Through devaluation. Strategic, calculated theft of purchasing power from everyone holding dollars. The mechanism: Bitcoin and gold revaluation.
You're watching the most sophisticated debt elimination strategy ever attempted. The U.S. is building a parallel financial system, accumulating strategic reserves in Bitcoin and gold, preparing to revalue those assets at multiples of current prices, and using that revaluation to technically balance unpayable debt. When they revalue Bitcoin and gold upward, they simultaneously devalue the dollar downward. Every dollar you hold loses purchasing power. This is legal theft. And it's happening now.
THE HISTORICAL PRECEDENT (1933-1934):
The setup: U.S. drowning in debt, debt-to-GDP 40%, economy collapsing.
The execution: FDR issued Executive Order 6102—made gold ownership illegal. Americans turned in gold at $20.67/oz (official price since 1879). After gold collected, FDR revalued it to $35/oz (69% increase overnight).
The result: Government gold reserves jumped $4B to $6.8B. Created $2.8B from thin air. Real debt burden fell 40% to 25% of GDP within 5 years. Americans holding dollars lost 40% purchasing power through resulting inflation.
This is the playbook. It's happening again.
CURRENT SITUATION:


U.S. debt: $37T (132% of GDP, highest except WWII)
Annual interest: $1.2T (more than defense budget)
By 2027 at 5% rates: $1.8T annual interest (6% of GDP)
Unsustainable. Cannot tax out, cannot grow out, cannot cut spending enough.
Only option: Devaluation.


THE NEW STRATEGY:
January 23, 2025: Trump signed executive order establishing Strategic Bitcoin Reserve. Directs Treasury to acquire/hold Bitcoin as strategic asset.
Current holdings: 210,000 Bitcoin (seized from criminals) = $21B at $100K/coin.
Target: Senator Cynthia Lummis's Bitcoin Act proposes 1 million Bitcoin over 5 years.
Acquisition method: Not market buying (too expensive). Seizing from investigations, accepting as fines from crypto companies, potentially mining with government energy infrastructure. Quiet accumulation.
THE REVALUATION PLAN:
Phase 1 (2025-2026): Quietly acquire 1M Bitcoin at avg $120K = $120B total cost.
Phase 2 (2027): Announce Strategic Bitcoin Reserve operational. Revalue Bitcoin to $1 MILLION per coin for government balance sheet purposes (10x current price).
Result: 1M Bitcoin acquired for $120B now worth $1T on balance sheet. Created $880B from thin air.
Market follows: Once U.S. declares Bitcoin worth $1M, market reprices. Goes to $300K, then $500K, then $800K+ over next year. Government sets the floor.
GOLD REVALUATION:
Current holdings: 8,133 tons (261M oz)
Market value: $2,800/oz = $731B
Book value: $42.22/oz (statutory price from 1973) = $11B on government books
The move: Revalue gold to $20,000/oz for strategic reserves/debt backing purposes.
Result: 261M oz × $20K = $5.2 TRILLION in balance sheet value. Created $5.2T from thin air.
Combined revaluation: Bitcoin $1T + Gold $5.2T = $6.2 trillion in new balance sheet value to offset debt.
Market follows: Gold goes from $2,800 to $5K, then $8K, then $12K+ toward $20K official price.
THE COST TO YOU:
Bitcoin $100K to $1M = dollar lost 90% value relative to Bitcoin
Gold $2,800 to $20K = dollar lost 85% value relative to gold
Real-world impact: Dollar loses 50-70% purchasing power against everything.
Your $100K savings: After 3 years of 20% annual inflation, buys what $35K bought before. Lost 65% purchasing power.
Government's $37T debt: Nominally still $37T, but in real terms worth $13T. Erased $24T debt burden by devaluing currency.
THE TIMELINE:
2025 (NOW): Accumulation phase. U.S. acquiring Bitcoin quietly. Gold narrative building. YOUR WINDOW TO POSITION.
2026: Crisis phase. Debt ceiling fight, bond market stress. Crisis creates justification for extraordinary measures.
2027: Revaluation phase. Bitcoin revalued to $1M, gold to $20K. Dollar collapses. Inflation explodes 30-50% first year. If you positioned in 2025, you survive. If not, destroyed.
2028-2030: Stabilization. Bitcoin $500K-$800K, gold $15K-$18K. New dollar purchasing power. Reset complete.
WINNERS:


U.S. government (debt erased)
Early Bitcoin holders (bought at $30K-$100K)
Early gold holders (bought at $1,800-$2,800)
Foreign governments with gold reserves (China, Russia, India)
The wealthy (assets inflate nominally)


LOSERS:


Middle class (savings evaporated)
Bondholders (repaid in worthless dollars)
Pension funds (hold massive bonds)
Workers (wages don't keep up)
Renters (priced out)
Small businesses (can't raise prices fast enough)
 
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holdover

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I had always wondered why the government would allow a competing currency to exist , especially after aggressively going after silver stackers who were using silver as a currency . Why are they allowing this I kept thinking? Couldnt figure it. but now its becoming more clear , A new global currency is approaching .

Gold and silver are going to boom in the next few years , and some of the top cryptos will be backed by gold and silver , and the dollar will fade .

All paper currencies eventually fail Ours is next.
 
Defilade

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holdover said:
I had always wondered why the government would allow a competing currency to exist , especially after aggressively going after silver stackers who were using silver as a currency . Why are they allowing this I kept thinking? Couldnt figure it. but now its becoming more clear , A new global currency is approaching .

Gold and silver are going to boom in the next few years , and some of the top cryptos will be backed by gold and silver , and the dollar will fade .

All paper currencies eventually fail Ours is next.
Click to expand...
Well Countries and banks have been hoaring Gold in record numbers lately. Our current fiat money ponzi scheme is at the end of its ropes. Every time they print money it devalues our dollar as it's the only way we as a Nation can pay the bills.
 
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