April Fools Gold

I suspect Trump’s Day of Liberation is going to put an end to Social Security. But, to keep citizens from going ape, they will be given Crypto coins. The billionaires will get the real money. Maybe when its time to retire, millionaires will be billionaires – on paper! Has Doge already enrolled us?

“Allow me to…..liberate you from your real money!”

JRP

BONUS! Pete and his wife getting ready to pow wow with the Germans.

The Currency of the (Uninhabitable) Future

The crypto booster’s agenda for government is going to cook the planet.

By Nitish Pahwa

March 28, 20255:44 AM

The planet, sweating from climate change, being taken over by a Bitcoin.
Photo illustration by Slate. Photos by Getty Images Plus.

TweetShareComment

This is part of Trump’s Great American Crypto Scam, a series about the catastrophic collision between the second Trump administration and the wild world of cryptocurrency. Read it all here.

Once upon a time, not long ago, Elon Musk was worried sick about climate change. Stopping it became an overarching career mission, reflected in both his business decisions and everyday actions. He gave the electric vehicle industry a jolt after taking over Tesla Motors in 2004. He joined President Donald Trump’s first business advisory council in 2017, then resigned in protest when Trump withdrew the United States from the Paris Agreement. He directed Tesla to buy up $1 billion worth of Bitcoin in 2021 and accept the cryptocurrency in formal transactions, only to backtrack when he remembered that Bitcoin mining is, by design, a heavily energy-intensive process that requires masses of fossil fuel­–powered computer servers to run at all times. It was such a notorious moment in the crypto world that one speaker led “FUCK ELON” chants during that year’s Bitcoin conference.

What a remarkable thing, then, for Musk to embrace Trump more closely than ever as the reelected president decorates his administration with oil-industry shills and with crypto insiders, whose energy-intensive mining rigs and data centers make them something of a natural complement to the fossil fuel industry’s expansionist goals.

But of course, it tracks with his general shifts in ideology and mission since the COVID era. Scientific nerdery gave way to virus conspiracies; climate change took a back seat to his longtime A.I. fears as his former nonprofit, OpenAI, achieved staggering successes; Tesla’s dangerous self-driving cars and dubious robotics earned priority over the electrification of transport. Musk has been happy to re-embrace Bitcoin because incorporating the currency into Tesla’s assets and accounting has allowed him to artificially boost the company’s profit reports and keep investors happy. The Earth is one thing, but revenue is another.

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.