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Cake day: June 15th, 2023

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  • It makes more sense when you realize that money has solved all of Donald Trump’s problems in the past. Get a little too handsy with a woman? Pay her off to keep quiet. Have a business partnership or contract you want to get out of? Pay lawyers to harass them in court until they give up.

    Heck, he doesn’t even need to use his own money most of the time, he can spend out of one of his companies like it’s a slush fund then declare bankruptcy, leaving business partners and banks with the bills.

    He is now running the government like one of his privately owned companies, and using our money to try and solve his problems. Give them a pittance to go away, and when they don’t, you can say “we gave them a chance” before kidnapping them.






  • Bitcoin is pseudonomynous. All transactions are public, and thus traceable. but it relies on obscenely large random numbers to work, and if the numbers you generate are sufficiently random, there is no practical way for anyone to link any particular random number to you without additional info.

    However, if you are a target of an investigation, and the government compels you to give it your numbers the old fashioned way, then poof! they can now get your entire transaction history without a warrant because it’s all technically public. (They wont necessarily know where the transactions are going unless they conduct a similar exercise on the other side of the transactions.) They can also seize everything left in your wallet – while they may legally need a warrant for that they don’t technically need it if they possess the keys and we’ve seen how the Justice Department in the US is no longer constrained by laws.

    This relative pseudoanominity makes it good for money laundering, but not as good as cash. Still, it is hard to move large amounts of cash across borders undetected, but it is as “easy” to move $1 in Bitcoin across a border as it is to move $1B.