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Laha

(436 posts)

6. I'm no expert

Reply to wcmagumba (Reply #2)

Fri May 29, 2026, 06:29 PM

Friday

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 Friday OP

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

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

Are crypto assets real? Being a basic (poor) person on a fixed income I really don't know... wcmagumba Friday #2

I'm no expert Laha Friday #6

Buy drugs or weapons? WA-03 Democrat Friday #11

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

This stillspkg Friday #13

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

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

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

What's His Cut 2na fisherman Friday #5

I expect we'll never know. Harker Friday #8

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

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

I don't believe it. paleotn Friday #7

"Crypto Assets" mdbl Friday #12

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

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

I thought the vaunted "blockchain"..... SergeStorms Yesterday #23

$1 billion in crypto assets Roy Rolling Friday #16

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

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

So Will This Be Counted modrepub Yesterday #20