See Gold,

Reply to this note

Please Login to reply.

Discussion

FDR took all the soy bois gold who showed up at the bank to `follow the rules`

That is not how Bitcoiners roll

now what rules were those?

Surrender of Gold was "mandatory", hoever, only the retards "doing the right thing" lost their gold

what made it mandatory?

In reality, nothing, however, if your custodian was a bank u were fucked

yet plenty of people who did not avail themselves of bank custody turned their gold in... right?

why?

and, you put mandatory in quotes... was it or was it not?

A mandate is not a law or a contract. It's a request that only becomes binding if you agree to it

Feel free to ignore all mandates.

If you did KYC to buy your Bitcoin then you are a soy boi who follows the rules.

Tell me again how Bitcoiners roll?

I think this old story is even more sinister than just sheeple following rules.

For those households fortunate enough to hold gold in meaningful amounts, I’d argue in the face of the Depression many very much needed the immediate liquidity that cash provided.

In this way, the state, as it often does, enacted a law when the citizenry was most vulnerable.

Bitcoin goes exactly the same way, they've enforce full KYC. They don't invest billions of USD when they've no control over it. They will monitor every transaction very closely, tainted coins will be a hot topic next year. The lack of fungibility will show up then followed by all the privacy issues. Maxis celebrate the merge between govs and Bitcoin, they have lost the plot.

No celebration here. Bitcoin doesn’t give a fuck who embraces it or not