Originally published at: ABOUT THOSE 14 "INACTIVE" BITCOIN WALLETS
We’re starting off this week’s blogs of high octane speculation with what I think is a whopper doozie, and I have one of my typical “Wile E. Coyote” nosedives off of the end of a very slender twig on the speculation tree into the canyon below. For those of you new here, the speculation tree…
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I suspect you have thought of these things, but chose to not write about them.
If a USG agency truly has a backdoor into everything, including bitcoin, July 4 would be a symbolic day to subtly ‘announce’ to big BTC holders it exists (or that they’ve figured a way to break the passcode system). If this has been known for some time it would make sense for the Bessent Treasury to plan to scoop up all the lost/abandoned coins and put them into the Sovereign fund. $8B is a lot of money, but a drop in the bucket for what’s needed in ‘the fund’. They need more.
The ‘subtle’ message to Bitcoiners may be ‘we see you, you’re not invulnerable’. Alt financial commenters have said USG does not want to destroy BTC. They want to use it for their own purposes (co-opt it into the USG new financial system). Being too overt about being able to hack/confiscate it would lessen it’s value. They need Bitcoiners to know they can be brought to heel.
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$TACKED OPERATION$
Need some Pump & Dump LARGE!
Going to but a few USSA $TATE$
Buy up Uncle $AM’$ back yard.
For…
[when the DUMP happen$]
…Nanobits on the penny; which is pennies on the dollar.
See U
Wouldn’t Wanna B U…
UNCLE $AM $UCKER$ !!!
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Could very well be… especially if, as some believe, Natoshi Sakimoto was a CIA creation…
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… could just be the ground floor of the Bitcoin Ponzi cashing out. But also as with the gold thing … I’d like to buy some bitcoin but all I have is this paper money … Ask yourself the following question: If “paper money” has no value then why are the sellers of gold and bitcoin willing to accept it in exchange? By whom and into what is that “value” going to be converted.
Bob: (pleading desperately) But look … I have all of this Bitcoin!
Jim: Sorry Bob, I can not eat Bitcoin.
“Can’t Eat Bitcoin!” (c) ScarmoCo
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DING DING DING and, if I may, BINGO.
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If your fiat dollar is worth a little less than 3 cents and these billions are created in dollars, then isn’t the claim worth .03 times the billions? Ironically, some of these original bitcoins were purchased at a penny so the whole something times nothing will get you something if you cash in fast enough. It is accepted in a few of the crypto corners that bitcoin is expected to go back to zero. Back to the fiat that it is…
If edible is the base line, I don’t eat tulips, either.
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… Shoot, I have many original Dutch Republic “Tulip Shares” and I was just about to ask you if you’d be interested in purchasing a few of them. 
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I’d only add that Bitcoin can indeed be eaten in the form of experience points…
“Sometimes when you’re on the receiving end of a raw deal, all your left with is the experience
points. You’ll just have to eat those.”
*May cause dizziness, drowsiness and an overwhelming desire to begin the PURGE…
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Hmmm we need a new crapto-currency named Tuliblips to memorialize the Great Tulip Bubble…
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… suggested slogan
“When your money absolutely, positively has to disappear overnight!” -
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Nice!
Can’t help but to think this grift was over too quickly. I feel so unsatisfied…
At least with Social Security they let us hang on to hope a while before they stole our retirements.
another winning JPF neologism - “crapto-currency”!
(apologies if he’s used it before & you all know it)
the inimitable John Malkovich - haven’t seen the movie
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The film has more than 20 characters
It’s a must see. “Rounders” is its name. Late 90’s
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I LOVE the slogan… I can hear the commercial jingles now…
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I came here to say this too… To me this sounds like a successful hacking operation of the “unhackable” blockchain encryption. There’s many lost wallets, people who have forgotten their seed phrases or simply died. But to have one of the largest wallets suddenly activated and drained sounds like a heist, not a sudden “oh I remembered I had 8 billion in bitcoin lying around”…
As to who did it? The July 4th date is interesting but could be a fakeout (i.e. make it sound it is a US agency when in fact it’s Chinese or Israeli).
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Looks like the guys from “Setec Astronomy” are back in business…or never left.
“Anyone want to crash a few passenger jets?”
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Yes I think this too to be a plausible scenario.
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If that is the case( Chinese or Israeli) meddling in Bitcoin, then maybe Trump still needs Epstein control files to blackmail few movers and shakers in order to successfully bring us to new dollar backed by Bitcoin and Sovereign Fund???
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