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Because the government can very easily seize your etf? They could even physically confiscate the gold rendering your note useless. This equivalent is logistica
by russdpale 9y ago
Because the government can very easily seize your etf? They could even physically confiscate the gold rendering your note useless.
This equivalent is logistically impossible with bitcoin and the more nodes the stronger it becomes to resisting censorship. They would literally have to buy every single bitcoin (probably at tremendous price increase) and throw away the private key. Even leaving just 1 satoshi would render this plan completely useless. And because around %15 or so of the bitcoins have been lost to los USB drives or forgotten passwords, etc that a government would never know how many are still in legit wallets. Plus satoshi has a million..