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> These restrictions will be more common among developing countries If BTC ever becomes a threat, developed countries will not hesitate to make moves. In 1934
by fny 6y ago
> These restrictions will be more common among developing countries
If BTC ever becomes a threat, developed countries will not hesitate to make moves.
In 1934, the Gold Reserve Act prevented Americans from holding gold which was the global reserve currency at the time and universally considered hard money.
I have a feeling BTC will be a little easier to regulate.
- baybal2 6y ago> In 1934, the Gold Reserve Act prevented Americans from holding gold which was the global reserve currency at the time and universally considered hard money. And to a very little success. People hoarding gold in US scored millions, at the expense of a average Joe gold buyer. I believe the parallel is very relevant here. People buying bitcoin retail, and mining at gaming video cards are only a fodder for bigger fishes today.