For context for anyone who is unaware, in 1933 US Government declared all US citizens must sell their Gold to the US government for $20.67 and oz. Forcing their citizens to trade a hard asset for fiat. The next year they turned around and repriced that same gold at $35 an ounce.
Is this something you see as a threat to BTC in the future in the United States? Any plans to circumnavigate or protect yourself besides maybe a foreign citizenship?
Could Something like Executive Order 6102 Happen to BTC?
byu/BarnacleOwn604 inBitcoin
Posted by BarnacleOwn604
8 Comments
Sorry government, I lost all my bitcoin in a boating accident.
No, gold can be owned…
It’s much more difficult to forcecully prove any amount of bitcoin is owned by someone or not.
Sure. Strategy and Coinbase will be the first targets. As for me, I lost my keys the last time I moved.
A lot of boating accidents these daysÂ
I lost my keys and hardware wallets a long time ago and gave up on Bitcoin, and the Bitcoin I had on some apps I accidentally sent to the wrong wallet so I’m completely out of Bitcoin. What a shame. I really liked it too. Oh well. Sorry Papa G.
The order was likely violated to a high degree. People who were definitely known to own stuff brought it in. Others brought in some but left a bit hidden at home. Most people were like what gold? I’m sure there is a lot of forgotten little chests buried under very old trees around the country.
Ever heard of decentralized finance? That’s Bitcoin for you.
They only have control on the KYC platforms. But don’t underestimate that. You can’t cash out without them. Along with banks that receive and report. There is attempts on controlling movements of one location to another also. Making sanctions or blocks. Bitcoin itself is sovereign but gaurdrails are trying to be built around it. Total financial freedom is not liked among powers.