Sure, money is a man made belief, Yuval Noah Harari's books are great at explaining this :) Generally gold confiscation doesn't mean the purchasing power going

Sure, money is a man made belief, Yuval Noah Harari's books are great at explaining this :) Generally gold confiscation doesn't mean the purchasing power going down, just transfering it to the governments. It's still quite scary though, as I wouldn't be surprised if it happened again :( The scariest thing is if all the countries in the world try to ban gold and Bitcoin at the same time to preserve the fiat system. I'm hopeful that as Schnorr signatures will make coinjoins more practical, it will be easier to use as well, thereby making ownership of Bitcoins less visible to governments. Wasabi wallet is great at doing coinjoins, but when I tried it, it was just too slow.