0 sats \ 0 replies \ @mudbloodvonfrei 6 Oct 2023 \ parent \ on: Gold "hoarders" were persecuted in the 1930's, what will happen with bitcoin? bitcoin
Great article, thank you for taking the time! Scary AF.
I guess it doesn't matter how much freedom is granted to people by law; if they aren't willing to fight for it, it ain't there. This wouldn't have worked if people had taken to the streets. Democracies are responsive to loud voters. It also shows how powerful government becomes when the media is on its side.
Gold is difficult to move, otherwise this problem would have been solved by some other country enacting a more liberal policy, causing gold to flow out of the US. I doubt this would work with bitcoin, although some countries will try.