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1834: Congress adjusts the silver-to-gold ratio, from 15-1 to 16-1. This makes gold cheaper relative to the world market price ratio. Silver begins to be exported, and by 1850, silver coins all but disappear in the U.S.
What would happen if Congress set the price of Bitcoin?
black markets. oh, too late
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They don’t control Bitcoin globally.
Bitcoiners would just Bitcoin internationally.
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