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The US Government (administrative state) is not only evil, its also stupid.
On March 14 of 2023 the gov sold 9,861 bitcoin that it had stolen from the Silk Road. At the time this was valued at 215 million dollars. At today's market price those coins are valued at $860,051,175, an increase of 300%.
For every seller there is a buyer. Here's to those bitcoiners that bought those coins.
Now, I know 645 million is nothing for the US Federal government.... but still. Its pretty comical. Guys, I don't think you want the government buying bitcoin.... Not if we want the state to go away... May not be a popular opinion but that's fine. Its mine.
the gov sold 9,861 bitcoin that it had stolen from the Silk Road
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Someone asked me yesterday, why is it important that people understand taxation is theft? We need to start at the most base levels if we are to truly understand and communicate the evils of the state. Their very language is full of lies. Their existence is built on lies.
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Pocket change for the government. Didn't they spend 7B to give 0 people internet connectivity or something ridiculous like that?
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Probably
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That feels pretty safe, without even knowing what he's talking about.
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Starlink for the win
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Isn’t that their speciality? Government never makes good moves, especially communist inspired governments. They just cannot do it. Making a proper trade is like making a proper meme, the left just can’t do it.
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They dont know their ass from their head.
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10 sats \ 1 reply \ @Bit_Alb 11 Nov
But they still have the power. Why?
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Too many sheep in the world.
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HAHAHAHA that's rough. Congrats to the buyers.
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Such a stupid decision the supposed to hold that btc
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still infinite ROI when you steal coins and sell 'em.
selling the hardest money on earth for something you can print yourself on the other hand...
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The Feds are Cramer level bad
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I thought for sure that they were going to hodl all the Bitcoin they seized. I should have remembered that the government never does anything smart.
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The US Government (administrative state) is not only evil, its also stupid.
Evil and stupidity are a bad and dangerous combination.
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