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   Rich Felker (dalias@hachyderm.io)'s status on Saturday, 08-Mar-2025 08:58:54 JST Rich Felker

   in reply to

   • Lauren Weinstein
   • klausfiend

   @klausfiend @lauren I'm eagar for when they force all the nodes in the US to back up to the block before the heist and fork the blockchain, being that they're probably stupid enough not to realize that'd make the whole thing worthless on both sides.

   • Embed this notice
     klausfiend (klausfiend@dcerberus.com)'s status on Saturday, 08-Mar-2025 08:58:59 JST klausfiend

     in reply to

     • Lauren Weinstein

     @lauren I am grimly excited for the moment Iran or North Korean cyber criminals steal the whole lot. And by "grimly excited" I mean revolted that our government would be this foolish to tie taxpayer dollars to a financial instrument that has no reason to exist and is only used to facilitate organized crime.

   • Embed this notice
     Lauren Weinstein (lauren@mastodon.laurenweinstein.org)'s status on Saturday, 08-Mar-2025 08:59:00 JST Lauren Weinstein

     Trump signs executive order establishing cryptocurrency reserve, but for now apparently only using coins currently held by the government

     As I understand it, this "reserve" is composed of cryptocurrency seized by the government, and while it establishes a study regarding future purchases that "do not cost taxpayers", it does not immediately mandate that these take place. So this could be a lot worse.