3 ms·

It's easy to censor Iran if you control the international clearing system. What you suggest is more similar to banning gold, which happened 100 years ago in US

• logifail 6y ago
  > What you suggest is more similar to banning gold, which happened 100 years ago in US. Where do you think gold price went after that? Where the gold price when after 1933 isn't that relevant to all those who were forced to sell their gold to the Federal Reserve at that time.[0] Thought experiment: were your national government to pass a law forcing you to sell your Bitcoin to them at a price they pick, you would appear to have precisely two options: 1) sell, or 2) be prosecuted There's plenty of precedent for 2) [1], so I'm guessing most people would end up opting to sell. That would appear to be the end of that... (?) For clarity: no, I don't think this is right. It might happen anyway. [0] https://en.wikipedia.org/wiki/Executive_Order_6102 https://en.wikipedia.org/wiki/Executive_Order_6102 [1] https://en.wikipedia.org/wiki/Executive_Order_6102#Prosecutions https://en.wikipedia.org/wiki/Executive_Order_6102#Prosecuti...