Here’s the story of the high-flying funny money that flew too close to the sun…and then…

There are times in life when a moment crystallizes in your mind, and increasingly, at least for me, when you can anticipate when that latest ‘hot topic,’ is about to jump the shark.

My father is an astute businessman and longtime savvy investor in many things, however, he is not the guy up to speed on all things new and different. A few months back, he pulled me aside to apparently share something of great value in confidence. In a near whisper, he offered, “They are going to stop using paper currency sometime soon, probably time to start moving some dollars into that crypto-currency stuff.”

At that precise moment, I knew that if dad was even aware that cryptocurrency existed, that investment bubble was about to burst. Thanks for the tip, dad. Using reverse logic, you were on the money. I am admittedly not a savvy investor. I am a steady saver, and my investing leans hard to the more conservative side of the ledger in money market CDs, municipal bonds, blue chip stocks, and even real estate. The risks of electronic cryptocurrency have largely kept me away, but I can also admit that I don’t entirely get the concept.

An endless string of coding, mostly zeroes and ones, moving towards infinity. In supposedly limited supply, while still being mined and manufactured daily in data centers across the globe. International regulation is all but non-existent, the market is new enough that the federal government is still figuring it out, and extensive passcodes, which can get lost, create intricate access to even your own crypto holdings. Yet, this is a strong enough ‘free market’ that the Trump sons have created a new crypto that has already increased the family fortunes by a few billion.

Cryptocurrency miners run computers in large warehouses on racks at top speed 24/7, which consume huge amounts of electricity as well as water to keep those computers running cool. Those collective data farms are currently comparable to the domestic energy consumption of Norway. A single data center has roughly the same energy footprint as 250,000 American homes.

That electricity can’t all come from sustainable sources, meaning that the industry is also a net polluter. And whether your cryptocurrency of choice is Bitcoin, Luna, Ethereum, or some lesser-known e-currency, they all share one thing in common at present. After hitting peak prices in 2021, their values are all down substantially. Several smaller Crypto currencies have ceased operations, leaving their investors holding the bag. In fact, the only part of the e-currency industry operating solidly in the black are the e-currency exchanges. They each make a small commission whether prices are going up or down.

The Federal Trade Commissioner (FTC) also reports that more than 46,000 Americans have been stung by Crypto scams since January 2021, as many still believe the myths of rapid wealth, much more than current market dynamics. And of course, crypto boosters will tell you that all markets are cyclic and that their pricing and value will recover. For those crypto cheerleaders, I have five words for you to ponder: electro-magnetic pulse and black-outs.

Domestically, the most recent green energy bill signed into law was during the Biden Administration, and intended to expedite huge market shifts (while now being dismantled by the Trump Administration) pushed aggressively towards more electric vehicles and the use of more sustainable energy sources. Those are worthy goals, but as we are seeing globally as well as domestically with brown-outs and black-outs during this summer of record heat, those ‘green’ energy sources typically cannot provide high-demand baseload, in the same fashion as coal, natural gas or nuclear generated electrical power. Our grid is also not designed for the increasing pull of E-vehicles in every home garage, and unless we commit soon to a much larger new nuclear energy reactor fleet, we will not be able to meet base power production demand in many urban areas during the summertime. And our home state of Georgia has also become ‘project site central’ for new data centers.

Yes, the more reliable cryptocurrencies and data mining farms do have onsite backup generator, but even fail-safes can fail. Who knew that the Kryptonite for high-flying cryptocurrencies might be a combination of green energy policy and sporadic and unpredictable power outages? Innovation can still save or turn any industry apparently heading for a quick exit or downturn. And again, I am no expert, but perhaps add an endless string of XXX’s to all of those zeroes and ones… those certainly seemed to have worked out quite well for the porn industry.

An armed thief posing as a delivery worker invaded a San Francisco home, tied up the homeowner, and stole the victim’s cellphone, laptop, and $11 million worth of cryptocurrency over the weekend, according to a report.

The brazen heist occurred around 6:45 a.m. on Saturday at a home in San Francisco’s Mission Dolores neighborhood, according to a police report obtained by the San Francisco Chronicle.

The faux courier quickly dropped the act by brandishing a gun and tying up the victim with duct tape, the police report detailed, according to the outlet.

It’s unclear if the victim was injured or if any arrests have been made following the incident.

Additional details about the suspect and the heist were not released by cops.The San Francisco Police Department did not immediately respond to a request for comment from The Post.

The robbery comes amid a rise in violent kidnappings and attempted robberies of crypto investors.

In March, a group of burglars attempted to steal cryptocurrency from the home of influencer Amouranth, whose real name is Kaitlyn Siragusa. She earns around $2 million a month from selling videos on OnlyFans and gaming on Twitch.

In May, crypto bros John Woeltz, 37, and William Duplessie, 33, were accused of kidnapping and torturing an Italian millionaire, Michael Valentino Teofrasto Carturan, inside a New York City townhouse for his Bitcoin password.

The digital currency is much harder to trace than dollars, and considerably easier for thieves to launder.

“Kidnappings of crypto investors are definitely on the rise,” Steve Krystek, CEO of PFC Safeguards, a personal security company, previously told The Post.

“A lot of the people who come into this money are flashy, and they’re signaling that they have wealth.”