pull down to refresh

113 sats \ 5 replies \ @Undisciplined 3 Dec \ on: Golden Oldies #22 meta
Am I off-base in thinking 6102 style attacks aren't that relevant to bitcoin? That attack worked because America was on a gold standard.
Wouldn't civil asset forfeiture be the better analogue, as well as being a tactic that is actually used fairly often?
write
preview
6 sats \ 0 replies \ @siggy47 OP 3 Dec
I would agree that asset forfeiture would be more analogous.
reply
5 sats \ 3 replies \ @ek 3 Dec
6102 probably matters for custodial bitcoin if the US wants to back USD with bitcoin
reply
21 sats \ 2 replies \ @Undisciplined 3 Dec
I don't think 6102 is relevant unless we're on an actual bitcoin standard: as in 1 dollar = x btc by law.
reply
29 sats \ 1 reply \ @ek 3 Dec
Isn't the executive order just about not being allowed to own bitcoin anymore? Do they need a reason for that?
reply
33 sats \ 0 replies \ @Undisciplined 3 Dec
Technically, no, but the point wasn't getting the gold. The point was devaluing the dollar. They gathered up all the physical gold and then changed the peg.
Now, they can devalue the dollar much more easily.
reply