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To: EnderWiggin1970
Not sure how bit coin is going to be the answer to our monetary problems or a safe harbor to put money.

Could happen, but FDR seized physical gold during the depression so not to sure how solid bitcoin will be if things go south.

4 posted on 03/11/2024 12:34:49 PM PDT by rdcbn1
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To: rdcbn1

The Bitcoin system is decentralized and designed to be impervious to attempts to control it by the government or anyone else. People who talk about the CIA etc. shutting it down are blathering nonsense and don’t understand how it works. Keep in mind when it started there was a full expectation that governments would someday ban it. Now it is too big to ban anyway. There will be too many Wall Street tycoons, and elite bureaucrats and politicians who are using it as a life raft as they paddle away from the sinking USS Dollar.


6 posted on 03/11/2024 12:38:53 PM PDT by EnderWiggin1970
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To: rdcbn1
Could happen, but FDR seized physical gold during the depression so not to sure how solid bitcoin will be if things go south.

And you just figured out the genius of BTC and why it is far superior to gold as a store of value.

You are required to spend exactly $0 to protect and store it and it is impossible for a government or thug to seize it from your control (unless you allow them to or you make a mistake)

25 posted on 03/11/2024 1:06:15 PM PDT by nitzy (I wonder if the telescreens in 1984 were first called "free Obamascreens")
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