>'President on brink of bailout for bitcoin'

The title is pure clickbait. It seems to be based on a single Coinbase article, where the title also doesn't match the content. No one actually asked for intervention, it was just a report on market conditions.

Let's take a moment to understand what happened here:

- Molly White didn't read the Coinbase article past the title.
- Cory Doctorow didn't read Molly White's article past the title.

...and that resulted in a hot take about "libertarians" and #Bitcoin.

Fascinating.

A rise in physical attacks on digital-asset holders says a lot about the trade-offs of a cashless society. https://www.japantimes.co.jp/commentary/2025/07/11/world/crypto-crime-is-future/?utm_medium=Social&utm_source=mastodon #commentary #worldnews #cryptocurrencies #money #crime #hackers #bitcoin

fun thread about the various touchpoints between the world of jeffrey epstein and the world of cryptocurrency (written before epstein’s investment in peter thiel’s fund was made public a couple of days ago)

https://threadreaderapp.com/thread/1806425045712965985.html

#jeffreyepstein #epstein #epsteinfiles #trump #uspol #uspolitics #crypto #cryptocurrency #bitcoin #brockpierce #semionmogilevich #russia

"Bitcoin Core development and transaction relay policy"
https://bitcoincore.org/en/2025/06/06/relay-statement/

I don't necessarily disagree, but I feel that this long argument deliberately omits to mention the context which motivated this decision.

Has the #Bitcoin network been experiencing a flood of transactions which (ab)use the blockchain as an immutable storage system for messages and data?

And if so, why wouldn't they rather do it with #Ethereum, which has lower per-byte fees and also lets them run small programs?

whenever the price of #bitcoin starts to drop because of global instability (or any other reason) “investors” immediately decide to send billions of dollars to #Tether, a financial company that more or less openly works with #Iran, has almost no employees, has been linked to hundreds of financial crimes, and has never produced an audit to prove it actually has all the money it says it does to back its #stablecoin#USDT. it's like clockwork.

today’s crash saw an immediate creation of $2 billion USDT, 100% of it on Donald Trump’s new business partner Justin Sun’s blockchain Tron (AKA “the crime chain”).

#JustinSun#Tron #stablecoins #crypto

The Trump Media buyback will be funded separately from the company’s #bitcoin #treasury plan, which includes $1.5B in equity & $1B in convertible notes.

#Trump indirectly owns more than 114M shares of the company through a revocable trust & is the largest shareholder.

Trump Media posted a $400.9M net loss in 2024 on just $3.6M in revenue but says it ended the year with over $775M in cash.

#law #fraud #securities#Emoluments
https://www.cnbc.com/2025/06/23/trump-media-stock.html