this post was submitted on 07 Mar 2025
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[–] medicsofanarchy 20 points 2 days ago* (last edited 2 days ago) (2 children)

So let me guess. Coming on the heels of, "Elon Musk should check Fort Knox to see if the gold is really there", the next step would be a 1:1 "trade" of bitcoin for actual, tangible gold - which will be hidden away in a certain Mar-a-Lago basement. Remember you read it here first.

[–] [email protected] 20 points 2 days ago (1 children)

Not quite. The EO says the reserve can only be added to by seizures from crimes and civil forfeiture. They can't buy to add to it. And that it can be sold primarily for finding law enforcement.

Buuuuuuut, you know what that means? The ultra shady civil forfeiture practice that cops love just got a little more spicy! Any wallet a cop can access becomes theirs!

[–] [email protected] 5 points 2 days ago

Digitized Civil Asset Forfeiture

[–] partial_accumen 8 points 2 days ago

FTFY

which will be hidden away in a certain Mar-a-Lago ~~basement~~ bathroom.