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What we can learn from US confiscation of gold in 1933
Executive Order 6102. Same can happen to btc if US decides to make a strategic reserve. I'd say the odds are 50/50 that it happens. And by the way, the 1933 gold confiscation became an effective technical default on US Treasurys, which were no longer exchangeable into gold (due to illegality of holding gold). I hope Saylor holds that btc in a form and jurisdiction outside the US. Maybe the only way to prevent this is to pay btc bribes to senators so that they get screwed first in a confiscation. BE CAREFUL OUT THERE. submitted by /u/noumenon_invictusss [link] [comments]
Executive Order 6102. Same can happen to btc if US decides to make a strategic reserve. I'd say the odds are 50/50 that it happens. And by the way, the 1933 gold confiscation became an effective technical default on US Treasurys, which were no longer exchangeable into gold (due to illegality of holding gold).
I hope Saylor holds that btc in a form and jurisdiction outside the US. Maybe the only way to prevent this is to pay btc bribes to senators so that they get screwed first in a confiscation.
BE CAREFUL OUT THERE.
[link] [comments]
