pull down to refresh
1305 sats \ 1 reply \ @elvismercury 1 Oct 2023 \ on: The U.S. government Gold seizures of 1933 and how they came to pass bitcoin
I'm curious about how people felt about this at the time -- was there widespread outrage? Did most people not care bc they didn't own any gold? Did they generally believe that the government's reasons were sound?
(EDIT: I see that @supertestnet covers some of this in his final paragraph. Note to self: read to the end of things.)
People talk a lot about this coming around again, except for btc and crypto. That the govt would try to attack btc seems reasonable, and, in fact, inevitable. But the form the attack will take seems likely to be different. I'm guessing it would be a triple whammy:
- super draconian on-ramp oversight
- anti-mining legislation
- brutal tax implications
Would be interesting to see that scenario, or other attack scenarios, broken down. Has anyone done a good job of it? I've read examples but most of them are lacking -- when bitcoiners (at least the ones writing on social media) do threat modeling the threats tend to be trivialized.
Yes, I was curious too - in fact, that's why I started to look into it.
I too wanted first-hand accounts; however, up until the advent of the Internet, the soundings of the general populace has always been poorly recorded...
I've got a volume of three massive tomes at home that wholly lean on first-hand accounts to put history in a new context (from antiquity to the modern era). I'll consult them when I'm back at home.
If I find anything really interesting, I'll create a follow on if necessary.
reply