US Treasury plans to put Trump's signature on new paper currency in first for sitting president

I've heard people are selling to buy oil

Bitcoin is more centralized than the dollar. Most is owned but a few large holders, the whales.

It is a poor store of value as it is hard to access in an emergency. Has no utility beyond storing value, unlike gold or silver or shares or bonds. The reason people put their money there is not to escape the fiat system or to make transfers easier (both valid use cases). It's to try and make a quick buck. Unfortunately, most won't. As more and more start to lose money, it will continue to drop.

The technology is sound but the processing speed and acceptance and cost to process transactions, computationally and in dollar value makes it useless for its stated purpose. Which was part of the design.

As card prices have gone up, and energy prices for up, mining Bitcoin becomes uneconomical, so I'd expect less hype and many players to exit leaving others holding the bag.

It may resurge when there are cheap cards after an ai crash. However, I don't see Bitcoin taking over as a payment system replacing the existing banking system. Even Europe faces with visa and MasterCard being a risk for payment processing after American fuckery aren't looking at Bitcoin as the answer. They are looking at block chain technology, though, as being part of the solution.

If bitcoin is valued at $70k it’s still over valued by $70k.

It's not designed for used as a currency. A block gets mined every ten minutes and can contain only 3000 transactions.

For comparison, Mastercard processes 3000 transactions in 0.15 seconds instead of ten minutes.

Can you imagine being in a store and waiting your payment to be confirmed in 2-3 blocks to avoid double spending

30 minutes to confirm (if paid enough for fees) vs 0.15 seconds

And so much efficient!

To mine one block, the global network consumes approximately 2.5 to 3.0 GWh. 3000 transactions = 1 MWh per transaction

Bitcoin is not a currency. Its design inherently makes it deflationary, i.e. rising in value. This immediately means that people are gonna use it as an investment instead of spending it.

I was claiming that the treasurer lied.

If that’s the case it better be the cop.

Only technically illegal if it's done with intent to change the face value, advertise commercial services, or to remove it from circulation. Since it's still spendable, not advertising, and we would want these altered bills to continue circulating, it wouldn't be a crime.

It's not going to stop them from harassing the artist though.

There will be far too many to track.

You'd be surprised, the courts blocked most of his federal worker firings from DOGE and forced him to renew funding to Medicaid, SNAP, and other federal programs. They've shut down ICE camps before, lots of ongoing cases such as U.S. District Judge Zahid N. Quraishi refusing to even hear the DOJ's case for DHS detaining without warrants or hearings unless all 3 highest level DOJ officers testify under oath.

There has been a lot of capitulation by the courts to the Trump Admin, we haven't been able to prevent ICE building camps for the most part and we weren't able to save USAID, but there has been a lot of resistance as well and I don't think enough credit is given for that.

Oh I’m sure they’ll rule it illegal 10 years from now, once those damn bills are circulating everywhere.

He's a little older than Trump, but I guess aging far better.

https://en.wikipedia.org/wiki/Steve_Martin#Personal_life

Yes, never forget that those fuckers are in on this too.

In every fascist system, the capitalist elite always buddy up to the ones in power because to not do so threatens that capital and, thus, their wealth.

+1...Thank you for using the correct flags too.

US also puts the signature of the Secretary of Treasury on it. This was Jacob Lew's:

US bills already have the signature of the Treasury Secretary

Yeah i was just thinking this,

Other fun facts there's the poem from a man from snowy River on our 10 dollar note

It can be but it's usually just some dipshit scrawling his name on things.

My 74 year old dad lol

I get paid in cash.

People who don't necessarily want a public record of their every purchase.

Nobody said he wasn't.

I'm not even really talking about Trump per se - he's just the inspiration. Reading the linked story, and with all of the past similarly insane things he's said and done, it struck me that he almost doesn't even exist as a person. Rather, he's more like just a vehicle for his ego (and, now that you mention it, for his lusts and his delusions). As if, where other people have thoughts and ideas and beliefs, he just has the incessant yammering of his ego (etc.).

And then that in turn got me to wondering if that was part of the origin of myths of demonic possession - if people more or less like him in the past were seen by others the same basic way that I see him - as if whatever personality he should have had has been pushed aside by his overwhelming ego (etc.).

Or in their more primitive interpretation, by a demon.