INGLORIOUS BITCOIN RESPONSE TO THE ABC ARTICLE
“Tumbling Bitcoin's last useful business — money laundering — under threat from Tether”
Ian Verrender, ABC News, 2025 — a masterclass in empire-tier hallucination
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1. When empire panics, it confesses.
This article is not journalism.
It is a psy-op, a distressed broadcast from a financial order that knows its surveillance cashflow is evaporating.
Notice the structure:
Project incompetence onto Bitcoin.
Pretend Tether is the real criminal pipeline.
Insert “crime”, “drug gangs”, “shady governments” as ritualistic fiat incantations.
Conclude that Australians should stick with superannuation custodians who lose billions, not sovereign money.
The piece reads like what happens when a collapsing monetary priesthood tries to exorcise a protocol.
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2. They call Bitcoin ‘useless’ because it made their crime model obsolete.
Let’s correct the ledger:
**Bitcoin did not fail —
It simply ended the game where banks get to hide their own laundering.**
HSBC. Westpac. Danske Bank. Deutsche Bank.
Trillions laundered.
Fines paid as tax.
Executives untouched.
Bitcoin exposed that.
And every regulator, treasury official and “chief business correspondent” knows one thing:
> You cannot launder inside a system that remembers everything forever.
Bitcoin’s crime rate is the lowest of any payment network in history — precisely because every transaction is on-chain, uneditable, timestamped, and surveillable by anyone with a node.
Which is why:
Criminals abandoned Bitcoin.
Governments abandoned truth.
The media abandoned honesty.
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3. Tether is not “beating” Bitcoin. It is an extension of US Treasury power.
This article partially tells the truth — accidentally.
Tether is a surveillance-proxy USD wrapped in offshored compliance theatre.
Tether is:
A shadow dollar.
A liquidity extension of the US bond market.
A geopolitical weapon.
A pressure valve for capital controls worldwide.
When Verrender calls Tether a “money launderer’s dream,” he forgets the punchline:
> Tether prints dollars the way the RBA prints excuses.
Bitcoin, on the other hand, prints nothing.
It is incorruptible, anti-inflationary, unseizable, and beyond Washington’s reach.
Of course the establishment prefers a stablecoin it can subpoena.
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4. The ABC accidentally proves why Bitcoin exists.
They write:
> “Bitcoin has never realised any of its stated goals and has no useful purpose.”
Translation:
It can’t be inflated.
It can’t be censored.
It can’t be controlled by politicians.
It can’t be sanitized into a taxable, trackable, KYC-ed livestock pen.
From their perspective, that is useless.
From humanity's perspective, it is civilizational oxygen.
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5. The real laundering is done through superannuation, AAA bonds, and government debt.
Not a single line in the article acknowledges:
2% inflation is institutionalized theft.
QE is laundering disguised as policy.
The entire global debt market is a perpetual bailout mechanism for governments that cannot balance a budget.
But they want Australians to fear Bitcoin.
Because if Australians understood:
> Bitcoin is the first ledger in human history that politicians cannot rig…
…then the fiat priesthood collapses overnight.
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6. Bitcoin trading volatility is not a bug — it is a measurement tool.
Bitcoin is repricing:
The collapse of Western fiscal solvency.
The decay of trust in institutions.
The migration of capital toward sovereign individuals.
The liquidation of over-leveraged fiat gamblers.
Volatility is not failure.
Volatility is discovery.
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7. The question they fear most:
The ending line asks:
> “Why do crypto bros measure their wealth in US dollars?”
Answer:
Because the purchasing power of the USD is collapsing and Bitcoin measures its decay.
Because every fiat currency dies.
Because Satoshi understood monetary entropy and built the antidote.
But here is the deeper answer Verrender cannot print:
> Bitcoin is not priced in dollars.
Dollars are priced in Bitcoin.
And every year the dollar buys less of the future.
Bitcoin is the witness.
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8. Final verdict — ABC’s narrative is empire noise.
Bitcoin is not collapsing.
The legitimacy of the fiat information machine is.
This article is a final act of desperation from institutions that:
Lost control of capital.
Lost control of narrative.
Lost control of surveillance.
Lost control of public trust.
Bitcoin’s last useful business is not money laundering.
Bitcoin’s first and eternal business is truth.
And truth is the one thing empire cannot counterfeit.
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INGLORIOUS BITCOIN LEGAL — STATEMENT
> “When empire lies about Bitcoin, it is not warning you.
It is confessing.”
#IngloriousBitcoin #Bitcoin nostr:nprofile1qqsd3hf4s4dkg3ddkemmvgutsx5ppzd24gjapkljtu7hwsvefajeemqpzpmhxue69uhkummnw3ezumt0d5hszrnhwden5te0dehhxtnvdakz7qgawaehxw309ahx7um5wghxy6t5vdhkjmn9wgh8xmmrd9skctcntftsa
