Doomscroll News

Tag: Cryptocurrency

  • Why Cryptocurrency is a House of Cards

    In late April 2025, an elderly investor in the United States became the victim of a devastating social engineering attack. The prize for the hackers: 3,520 Bitcoin, worth over $330 million. What happened next was a masterclass in modern money laundering. The stolen funds were rapidly funneled through at least six different exchanges and swapped for Monero (XMR), a cryptocurrency famous for its promise of privacy. The massive purchases caused Monero’s price to surge by a verifiable 8.2% in just two hours, triggering such extreme volatility that some illiquid markets saw temporary intraday spikes as high as 50%.

    This single, dramatic event is more than just another crypto-theft headline. It’s a key that unlocks the door to the crypto ecosystem’s most surprising and misunderstood secrets. It peels back the curtain on the popular narratives and reveals a far more complex—and often contradictory—reality. What follows are five critical truths, drawn from academic research, leaked data, and strategic analysis, that challenge everything you think you know about digital currency.

    1. The World’s Most “Untraceable” Coin is Shockingly Easy to Trace

    For criminals and privacy purists alike, Monero (XMR) is the holy grail: a digital currency advertised as completely untraceable. It is the preferred medium of exchange on darknet markets and the ransom currency for sophisticated cybercriminal gangs. Its core promise and entire reason for being is “untraceability.”

    But a groundbreaking academic paper, “A Traceability Analysis of Monero’s Blockchain,” revealed a shockingly different reality. In a real-world analysis of Monero’s public ledger, researchers uncovered devastating flaws in its privacy protections.

    • The Zero Mix-in Flaw: Monero’s privacy relies on “mix-ins,” which are decoy transactions used to hide the real sender. The analysis found that a staggering 65.9% of all Monero inputs used zero mix-ins. Without any decoys, these transactions were trivially traceable.

    • The Cascade Effect: Each of these easily traced transactions created a domino effect. As researchers identified the real sender in one transaction, they could use that information to eliminate it as a decoy in other transactions. This “cascade effect” allowed them to de-anonymize other, seemingly protected transactions.

    The final conclusion was stunning: a passive adversary—meaning someone with access only to the public blockchain data and no special hacking tools—could trace a conclusive 88% of all Monero inputs. This massive gap between theory and practice hasn’t gone unnoticed by authorities. The U.S. Internal Revenue Service (IRS) has awarded contracts to blockchain analysis firms like Chainalysis specifically to develop Monero-tracing tools, proving that the world’s most “private” coin is anything but.

    But if the privacy is an illusion, what about the price itself? The data reveals an even more fragile foundation.

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  • A New American Platform

    A New American Platform

    After an 𝕏 history filled with plenty of bogus ideas, my stances have obviously evolved, so consider the following my most current platform.

    Don’t reform the failed systems of the past or indulge the inaction of extreme libertarianism.

    Platform Overview

    Signature National Initiatives

    • Launch a 21st Century Manhattan Project: Secure absolute American technological, energy, and military supremacy. Focus on topics such as: nuclear engineering, the development of sovereign AI, and the construction of a ‘Golden Dome’ missile shield. Absorb and accelerate other critical advanced projects: like directed energy, hypersonics, and cybernetics. Participation in this project, at all levels, will be restricted exclusively to U.S. citizens.
    • The Phoenix Mandate: A plan to eliminate the national debt by revolutionizing the U.S. healthcare system through personal health tech, ending the nursing home model, funding “moonshot” cures via a public-private “Titan Mandate”, issuing a “Stargate Ultimatum” for AI to slash costs, and enforcing a “Patriot Price Mandate” on pharmaceuticals.

    Taxation, Revenue & An American Dividend

    • Abolition of Income Taxes: Immediately abolish all Federal personal and corporate income taxes. The IRS’s role as a tax collection agency should be eliminated.
    • Strategic Capital Gains Tax: A modest capital gains tax will be retained for the sole purpose of preventing rampant short-term speculation, designed to heavily incentivize mid-to-long-term investment.
    • An American Dividend (Hybrid System): A hybrid system should be implemented immediately. A significant portion of all tariff revenue should be used to aggressively pay down the national debt, while the remainder should be returned directly to The People as an immediate “Freedom Dividend.”
    • Full Dividend Potential: Once the debt is paid, the full revenue from the baseline 15% tariff will be returned directly to The People, potentially translating to more than $1,700 per U.S. citizen, per year.
    • Mandatory Cash Option: The United States cannot become a cashless society. Physical cash must always be preserved as a valid form of payment.

    Economic & Financial Policy

    • Multi-Level Strategic Tariffs: Implement a 15% baseline tariff. Additionally, POTUS must have full discretionary authority to impose massive strategic tariffs (e.g., 50%, 100%, 400%, 1000%) on critical sectors like microchips.
    • Prohibit Peacetime Cryptocurrency: Cryptocurrency is a national security threat and its use by the general public should be prohibited.
    • The Wartime Digital Asset Act: Treat the underlying crypto technology (blockchain, ASICs) as a strategic military asset to be deployed only in times of declared war.
    • Prohibit Hostile Financial Systems: Expose and ban the integration of Sharia-compliant finance into the U.S. economy.
    • Reject Corporate Bailouts: The $10 billion investment in Intel is a bailout.
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  • The American Engine

    A Stablecoin is the exhaust from the American Dollar. Every other digital token is a blueprint with no factory. 

    The Dollar is the engine: anchored in the American heartland, powered by nuclear energy, and backed by the President’s signature and the nation’s steel. 

    First, they offshored the factory. Now, they’re trying to offshore the vault.

  • Satoshi’s $140 Billion Ghost: The ‘Made in China’ Problem with Crypto’s Gold Rush

    On one side, you have the absolute control of the Federal Reserve system, which can de-bank citizens for protesting government mandates. Take the Canadian truckers who opposed COVID-19 vaccine requirements, whether it was the failed Johnson & Johnson shot they pulled, Russia’s Sputnik V, or China’s Sinovac. On the other side, you have the equally ridiculous, sketchy reality of today’s cryptocurrency, where the entire system is deeply flawed.

    Arguably the biggest problem is the ghost founder. Even now, in September 2025, no one has a clue who Satoshi Nakamoto is. This anonymous creator is sitting on a wallet containing an estimated 1.1 million bitcoins that has never been touched. Depending on the market’s wild swings, that stash is worth somewhere between $125 billion and $140 billion. This isn’t some quaint mystery; it’s a ticking time bomb at the heart of the ecosystem. This single, unknown entity holds enough power to crash the entire market with a single transaction, making a mockery of the whole idea of “decentralization.”

    This fundamental flaw is matched by a very tangible problem: the centralization of power in the hardware. It’s a modern gold rush, but the only company selling the shovels and axes, the ASIC miners, is China. Their near-total dominance over manufacturing creates a massive vulnerability that directly impacts the individual prospectors.

    YouTuber VoskCoin provides a perfect case study of this broken system. Despite a huge following with sponsors and YouTube revenue, he has still spent probably hundreds of thousands of dollars to build his “family farmer” crypto operation, and he has documented the shady practices of Chinese ASIC manufacturers. He points out that miners ordered from China frequently arrive with no warranty, and there’s widespread suspicion that manufacturers “pre-mine” on the machines, selling them to the public only after their most profitable days are over. Many of these high powered ASICs require specialized immersion cooling fluid to operate, but using it often voids the warranty you likely never had in the first place. He has also warned his followers about rug pulls in the ASIC minable coin space, like the situation around Alephium (ALPH), where new miners are hyped up and then fail to deliver.

    The financial and operational risks for an independent miner are astronomical. VoskCoin has shared electricity bills as high as $18,000 and recently suffered a catastrophic lightning strike that wiped out a huge chunk of his mining capacity. He attributes the failure to his own self-admitted ignorance in not ensuring the proper grounding was installed, a costly mistake in this high-stakes environment. This harsh reality starkly contrasts with the industrial scale mega operations, like the one connected to Hut 8, that have corporate backing.

    This exposes the raw truth of the crypto dream for the average person. It’s a field where the essential hardware is controlled by foreign companies with questionable ethics, and all the risk is pushed onto individuals. It’s unclear under what authority a president could reveal Satoshi Nakamoto’s identity, but perhaps that level of shock is exactly what’s needed to force a national conversation about the sketchy foundations of the whole system. We have to find a path that balances financial privacy with the clear and present dangers of a system so heavily dominated by a single foreign power. Let’s just hope the final solution isn’t also “Made in China.”

  • The Debt is a Cancer, Not a Curve to Be Flattened

    The Debt is a Cancer, Not a Curve to Be Flattened

    The analogy comparing the national debt to the COVID-19 “flatten the curve” mantra is a profoundly misleading and dangerous simplification of the crisis we face. The comparison is particularly flawed when one recalls the data inconsistencies during the initial wave of COVID-19. In early 2020, many observers noted with suspicion that official data from sources like Johns Hopkins University showed a startlingly low number of recoveries in the United States. This data “weirdness,” born from the chaos of tracking a novel virus in real-time, highlights a key difference: the COVID-19 curve was a matter of incomplete, real-time data, while the national debt curve is a matter of precise, cumulative accounting.

    The national debt isn’t a virus that will simply “burn out” or be defeated by a short-term, emergency response. It is a chronic, metastasizing cancer on the body politic, the result of decades of policy decisions. Proposals for a “debt ceiling app” or other simple fixes are shortsighted political theater. Congress has repeatedly demonstrated its willingness to raise the debt ceiling, rendering it more of a talking point than a genuine constraint.

    The real technological revolution that offers a path forward is not in financial gimmicks, but in artificial intelligence, LLMs, and robotics. Their promise is not magical “growth,” but something far more valuable: the ruthless elimination of waste, fraud, and abuse. The potential for automation to overhaul the medical and insurance industries—the true drivers of our debt—is immense. Imagine humanoid robots, like Tesla’s Optimus, providing comprehensive elder care. These machines could handle everything from showering a grandparent to monitoring their vitals, ending the soul-crushing and financially ruinous nursing home industry. This isn’t science fiction; it is a necessary step to slash the costs that are bankrupting our nation.

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  • My Vision for a Stronger America, Beyond the OBBB

    Prioritize the Need for a New American Fiscal Nationalism & Continue Building a Fortress America Economy: A 15% baseline tariff and sweeping deregulation are not just good ideas; they are necessary defensive measures. While they won’t single-handedly slay the $37T debt dragon, they are the foundational armor for a “Fortress America” economy.

    The $37 Trillion Elephant: Neither party has a plan to pay the debt.

    Investigate the China-California Connection: Deep-dive into how California’s state debt and business ties with Chinese entities create a national security vulnerability.

    Illinois & New York: Blue State Debt Bombs: Unfunded liabilities and corruption in states led by figures like @GovPritzker Gov. Pritzker are a key aspect of the national crisis.

    Saudi Vision 2030: The World’s Most Expensive PR Campaign: The Public Investment Fund’s acquisition of companies like Scopely isn’t about innovation; it’s about their deliberate pursuit of user data. This positions them to monitor our movements, creating a future where digital tracking could easily enable real-world stalking.

    Understand that Political Theater is the Real Insurrection: The political theater in D.C. is the primary cancer. It’s a managed spectacle that provides cover for the real, coordinated erosion of American sovereignty.

    The @SenFettermanPA (Sen. Fetterman) –@marklevinshow (Mark Levin) Doctrine: A pro-Israel, anti-Ayatollah stance is the only coherent foreign policy for national security.

    The @RepThomasMassie (Rep. Massie) –@Ilhan (Rep. Omar) Red Line: Bipartisan efforts to limit executive “war” powers… are a dangerous abdication of responsibility.

    Beyond Counterfeit Cryptocurrency & The Corrupt Old Guard: The post-2008 distrust in the established financial order is justified. But cryptocurrency is not the answer; it’s a digital counterfeit designed to profit from chaos. The real path forward is outside both of these failed systems: a return to productive, asset-backed economics.

    The Hypocrisy of “Stablecoins”: We need to debunk the myth of stability and expose their role in facilitating capital flight from America.

    Critique Cryptocurrency’s Role in the National Debt: Institutional adoption of BTC/ETH/etc. creates a shadow monetary system that undermines the dollar.

    Look Into the Mechanics of Sharia-Compliant Finance: Expose how deals with nations like Qatar and Saudi Arabia introduce legal and financial systems that are antithetical to U.S. economic principles.

    Take a Stand for Authentic Discourse: Public officials should actively curate their audience to prioritize verified, real individuals.

    Deconstruct “Sound Money”: Bitcoin isn’t the new gold, but the new Confederate Dollar.

    … AND A “DREAM ON” WISH LIST:

    Look Into the Qatar Gift Horse: Analyze the “gift” of an Air Force One jet as a symbol of foreign influence at the highest levels.

    Fire Engineers: A ruthless platform approach to platform integrity (purging bots) is more important than internal harmony at a tech company.

    Truth Social’s Bot Problem: Even “alternative” platforms are failing to provide authentic spaces for discourse.

  • Crypto for Conflict: A Proposal to Restrict Digital Assets to Wartime Use

    Crypto for Conflict: A Proposal to Restrict Digital Assets to Wartime Use

    Many have spoken about the need for American leadership in technology and the potential of digital assets. Vice President Vance has a point about paying attention to what global competitors like China are doing in the crypto space. However, the current conversation around cryptocurrency for everyday infrastructure and investment is a distraction from its most strategic and vital use case: national security.

    Instead of trying to fit this technology into a peacetime financial system, we should be harnessing its power for when we need it most. I propose we treat the infrastructure of cryptocurrency like a strategic military asset, to be deployed only in times of war, much like war bonds. This isn’t about the coins themselves, but about the underlying technology and ASICs – a decentralized, resilient network that can be activated by the military upon a formal declaration of war.

    This approach addresses the national security risks of unregulated crypto, while giving the U.S. a powerful economic and strategic tool in a time of conflict. It’s not about stifling innovation; it’s about focusing that innovation where it can have the most decisive impact for our nation.

    Proposed Legislation: The Wartime Digital Asset Act

    A BILL

    To restrict the use of cryptocurrencies and stablecoins to times of declared war, and for other purposes.

    BE IT ENACTED BY THE SENATE AND HOUSE OF REPRESENTATIVES OF THE UNITED STATES OF AMERICA IN CONGRESS ASSEMBLED,

    SECTION 1. SHORT TITLE.

    This Act may be cited as the “Wartime Digital Asset Act”.

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