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Laha

(436 posts)

6. I'm no expert

Reply to wcmagumba (Reply #2)

Fri May 29, 2026, 06:29 PM

May 29

Just speaking from some small personal trading experience.

The short answer is no. They don't produce anything so the value only exists by what people believe it to be.

"Seizing" crypto funds isn't like seizing currency. All they're going to do is spook the investors who might buy, and as a result tank the market. There will be nothing to withdraw from anywhere because it takes public trust. Which is eroding quickly, because crypto has repeatedly proven itself to be nothing but a haven for risky investors and tax evaders.

I don't know where things will go from here. Just my random thoughts.

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FakeNoose jmbar2 WA-03 Democrat Chin music efhmc

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Highlight:

US says it has seized $1 billion in crypto assets from Iran [View all] littlemissmartypants May 29 OP

isn't that why they use crypto? so the gov't can't seize it? rampartd May 29 #1

I suspect that the sanctions placed on Iran have fixed any problems to access the regime had. littlemissmartypants May 29 #4

This message was self-deleted by its author wcmagumba May 29 #2

I'm no expert Laha May 29 #6

Buy drugs or weapons? WA-03 Democrat May 29 #11

As real as Monopoly money or the pieces. I have the iron,I claim it's worth $100,000 Bengus81 Saturday #29

Trump stealing everything down to the studs is official US policy. Irish_Dem May 29 #3

This stillspkg May 29 #13

It is a clinical seminar: How psychopaths function when they have no restraints. Irish_Dem May 30 #21

I so wished that the pedopres did not represent me or all the other decent Americans in any way. efhmc May 29 #14

Our country is run by ruthless, dangerous, psychopaths. Irish_Dem May 30 #22

What's His Cut 2na fisherman May 29 #5

I expect we'll never know. Harker May 29 #8

That was my first thought, 2na fisherman. They probably took more than that but we're only hearing about a small bit. littlemissmartypants May 29 #9

Since it's fake money anyway, they'll keep all of it FakeNoose May 29 #10

They already said, 1 billion dollars. N/t FSogol Yesterday #31

I don't believe it. paleotn May 29 #7

At this point why accept anything. thomski64 Saturday #25

Yes, I'm not sure why anyone would just assume this administration is providing real numbers. Ilikepurple Saturday #28

"Crypto Assets" mdbl May 29 #12

IMO this is one more grandiose lie. No evidence to support it and dealing with a "currency" which exists in abstraction Ford_Prefect May 29 #15

My question is why does Bessent seem to be doing Marco Rubio's job? littlemissmartypants May 30 #18

I thought the vaunted "blockchain"..... SergeStorms May 30 #23

$1 billion in crypto assets Roy Rolling May 29 #16

These seized assets are the assets of the Iranian government. littlemissmartypants May 30 #17

Good to know the US Treasury can do this Deminpenn May 30 #19

So Will This Be Counted modrepub May 30 #20

Post removed Post removed Saturday #24

But the surrender document that Trump will have to sign gives Iran 300 billion Botany Saturday #26

If it's acutally worth anything, it will end up in Trump and Son's crypto enterprise. CousinIT Saturday #27

They probably took more. We're just hearing about a small portion... littlemissmartypants Saturday #30