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> That being said, I doubt Bitcoin will be outlawed in the West, and generally agree that it will be around for the long term. Well, not entirely without prece
by nwiswell 3y ago
> That being said, I doubt Bitcoin will be outlawed in the West, and generally agree that it will be around for the long term.
Well, not entirely without precedent, since private ownership of gold was outlawed nationwide in the US during the Great Depression. It wasn't fully legalized until 1974.
https://en.m.wikipedia.org/wiki/Executive_Order_6102 https://en.m.wikipedia.org/wiki/Executive_Order_6102
- mplanchard 3y agoThis is an entirely new fact for me. It’s surprising to me that I’d never heard of this. Thanks for sharing!
- nostrademons 3y agoWait till you hear that the first chairman of the SEC was a notorious market manipulator who was hired by his friend FDR to prevent anyone else from doing the things that made him rich. He also happened to be JFK's dad. https://en.wikipedia.org/wiki/Joseph_P._Kennedy_Sr.#Wall_Street_and_stock_market_investments https://en.wikipedia.org/wiki/Joseph_P._Kennedy_Sr.#Wall_Str...
- csomar 3y agoThat's why history repeats. Most people have no idea what happened a 100 years ago.