Replying to Avatar Byzantine

The all magnificent Zoltan Pozsar:

"I get it that gold can be a reserve asset for a state and then you keep it in the basement in your central bank. Unless your country gets invaded and the invaders get your central bank’s coffers, your money is safe there. With Bitcoin, I guess…this is a question for you. If President Roosevelt could seize gold in the 1930s, and then devalue, I think the ultimate tail risk for Bitcoin is just breaking the security key, and there you have it. Some state actor could do something like that."

https://ingoldwetrust.report/wp-content/uploads/2023/05/IGWT-23-Exclusive-Interview-with-Zoltan-Pozsar-Adapting-to-the-New-World-Order.pdfhttps://ingoldwetrust.report/wp-content/uploads/2023/05/IGWT-23-Exclusive-Interview-with-Zoltan-Pozsar-Adapting-to-the-New-World-Order.pdf

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a source familiar with the matter 2y ago

I'm more worried about engineering a 51% attack of some kind

But in the long run I think Bitcoin will fail because it's just a ledger - there's no money

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Hodloevsky 2y ago

Makes me think, gold has no ledger.