E-gold, it existed 1996 to 2009. It was shut down by the government. Bitcoin is the solution.https://twitter.com/roysebag/status/1154711297084272641 …
Too bad there aren't more geniuses in the gold business that actually understand the history of their business.
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Is it? What prevents your government from banning bitcoin/crypto, maybe only if held under "official" controls? I agree in the benefit of a virtual "money" that these bastards are unable to seize/control your btc easily, but they can criminalize you.. threaten you w/ violence.
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The cost of enforcing a ban on bitcoin is several orders of magnitude greater than the cost of enforcing a ban on gold. It’s important to remember that States are economic agents with limited amounts of political and financial capital at their disposal.
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Same story for Libra, which was attacked by top politicians as soon as it was announced. Wall Street lobbyists don't mess around.
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Altcoin lobbyists aren't that far behind.
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Hi where do I sign up?
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Hit up Barry.
End of conversation
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all moved to bitcoin
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Gold: High Confiscability Lack of transportability Limited divisibility High cost of verification, security In spite of above, it was great for long time due to scarcity, high stock to flow ratio and had no competition ! Not any more !!
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What are they fundamentally missing??
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The got Chuck Woolery
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we cant trust the banks with our physical gold. lets have the government confiscate all of it and issue paper notes in return...
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