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Naive take: - doing something with all that seized crypto is probably a good idea. I've never heard of how it's actually used or managed but also never cared
by hnthrow90348765 2y ago
Naive take:
- doing something with all that seized crypto is probably a good idea. I've never heard of how it's actually used or managed but also never cared
- doing it as a strategic reserve of any significant value is multi-dimensionally insane given how technically blockchains work
- this is 100% a con. The only more obvious evidence would be to say he wants his own coin in the reserve
- pirate787 2y agoAgree it is a con. One note -- the government currently sells seized crypto once the courts have resolved ownership and restitution.
- nradov 2y agoSeized cryptocurrency is generally auctioned off after the legal case is resolved, just like any other seized asset. https://finance.yahoo.com/news/federal-government-just-got-greenlight-220013306.html https://finance.yahoo.com/news/federal-government-just-got-g...
- twiceaday 2y agoAn insane amount of money was donated by pro-crypto lobbies to the campaigns, and they will make it all back.