/biz/ - Business & Finance

lol

>>30383474
Together with bitcoin, yes

>>30383474
Did this happen?

>>30383562
Executive Order 6102

>>30383562
Yes it did, look up FDR's 1933 gold confiscation order

>>30383562
no only rich fags got gold taken away

>>30383474

They will confiscate BTC.

>>30383778
based! eat 'em

>>30383788
How are they going to do that anon?

>>30383788
>government
Give us your btc
>me
No

>>30383474
No, and we will never go back to a barter system that metal hoarders fantasize about. Nobody wants your shiny rocks

>>30383474
No. It's not necessary now they just print money. Back then the gold standard was still around and they couldn't BRRRRRRRR without the gold the back it. It was all bullshit and many people still never turned their gold in. Plenty of Pre 33 gold around

>>30383474
No but they might do that with guns

>>30383474
>government tries to take bitcoin
>cant access our wallets without the seed phrase
>would require more subpoenas than there are people living on planet earth

good luck big bad government

No. Stop panicking like a child.

>>30383474
Why was this guy such a giant faggot? What was his problem?

>>30383788

doubtful. don't get me wrong, governments could technically confiscate/force sales of a lot of bitcoin (coinbase would be a nice starting point for them), but the problem with doing that is even the attempt would undermine confidence in bitcoin, and return it to its intrinsic value, which is zero.

the reason confiscating/forcing the sale of gold is visible because it has intrinsic value, it's not a confidence game. now i don't think they'll confiscate gold either (although i could see punitive levels of taxation happening), because we're no longer on a gold standard.

>>30383562
Yes. Gold was confiscated in the faith of policies to combat the Great Depression and bolster the usage of the dollar. It's interesting in many ways, even if only as a historical example of it actually happening in the USA.

>>30384371

he hated how based the u.s. was in the 18th and 19th centuries.

>>30383920

It will be easier than when they confiscated gold, BTC is a public ledger.

If you have ever bought BTC on an exchange it's over.

>>30383474

Literally how is this accomplished

How do they even know you have it

How will they even find it if you hide it

Will anybody even fight back

>>30384506
i lost all my gold and silver, along with my firearms and my offline crypto wallet in a tragic boating accident last week

>>30384506
VAT bro
V A T :) they have the receipts unless you exchanged paper 4 gold in a hand2hand transaction

can't confiscate foreign currency.

>>30383744
Freedomainradio confiscated gold?

>>30384187
They will use cp charges against hold outs most likely. They have been attributing wallets to individuals for years now. Keep an eye on monero price for an indication of when they pull the trigger

>>30384413
Ok, this but now imagine a scenario where they aren't after the stored value, and want to tank the price.

>>30383474
That and state enforced homosexuality, yes.

>>30384932

yeah, the government can easily tank the price if they wanted to.

this should be proof that bitcoin has no intrinsic value. if something has intrinsic value, it doesn't matter who owns it, the value remains.
when fdr compelled the sale of gold to the u.s. government (a small percentage of people complied with this), gold was subsequently revalued upwards. this would never happen with bitcoin, the price would plummet, not to go up.

>>30384932
what if they brrr-ed and purchased lots of it, then used its lack of intrinsic value as a false standard backing the USD? USD backed by BTC (with BTC valued at whatever they want) would cuck the entire crypto market and force people back to square 1 in trying to get away from the brr. Is this idea profoundly retarded or could it actually work?

>>30384482
It might be easy enough to identify people who hold it, or who have bought on exchange at some point, but they can never confiscate the btc. People will have to hand it over and many would rather go to prison, no one would stand for it and there would be riots and police killings. It wouldn't work. If you know bitcoiners you know they would rather die for the cause than hand it over. Also, people can simply transfer some via private networks and poof the btc is gone and they'll never know where. Eg wrap your btc and send it over an erc20 private network. Gone.

>>30383474
Gimme yo bitcoin biatch

>>30385124

why would people care that the usd was backed by btc? why would the u.s. government want their currency backed by a crypto that has 65% of the hashing power in china?

if the u.s. government really did something that dumb, and the btc community wanted to go back to the way things were, they could just fork the project and move onto btc2.

>>30383957
gets vaned and suicided lile a boss

>>30385216

you know who wouldn't go to jail over it? people that work in institutions, and have pumped a lot of money into bitcoin via companies and ventures. they were rich before bitcoin, and they're certainly not going to rot in jail for it.

>>30385083
If the US government makes a move against bitcoin there will be plenty of countries willing to welcome bitcoin billionaires to bring all their billions there.

>>30385430
Ah yes large corporations usuallt don't care about giving up things they paid billions to own, more when they know that thing will become even more scarce...

>>30385370
Thank you anon, I hadn't meaningfully considered the china component.

Is there any real contender for a modern EO 6102? I had assessed that they were running out of options, even options we might consider unconventional, and don't see how the fed gets out of the bind it's in. The confluence of so many factors eroding trust and value in the USD, many self-inflicted, seem beyond the point of return; ameliorating or mitigating certain aspects of the problem merely exacerbates others. Maybe I'm rambling but I don't think a contemporary FDR imitator would have any real options, which makes them dangerous.

>>30385559

u.s. companies already pay billions in taxes, losing things to the government is all part of the game. they would put up a legal challenge, but if the courts didn't side with them, they would absolutely comply with the law, otherwise they would cease to exist as a business.

>>30383474
>if the whales pump crypto high enough it will get confiscated from them and given to us
wagmi after all

>>30383474
fuck this disabled fucking kike faggot. Hope he's burning in hell.

>>30385611

i don't think the government is concerned with direct confiscation, it's messy, politically unpopular, and probably not even sufficient to get us out of the hole.

the only solution that appears to check all the government boxes for me is very high inflation, in order to pump up the gdp, which would automatically shrink the debt/gdp ratio. the problem with doing that is our debt is largely short term in nature, so to achieve the "benefit" of lower debt/gdp ratio, it would have to happen pretty quickly, so that it's not all refinanced at much higher rates. i think we'll see it within a 2-4 year period from whenever they fire the starting gun...and we may already be a year into it.

>>30385934
An awful and masterful sleight of hand that would be -- indeed, everything is getting more expensive than it ought to be, even the things that people are conditioned to believe inflate with business as usual (e.g. real estate). With all the political capital in lockstep with financial, they could kick the can down the road... as is the boomers' wont. Plebs will get stimmies in perpetuum (though more openly now), and there definitely are solutions for people locked in low six-figure hell; solutions enough, at least, to foster stability. Numerical tricks with inflation can temporarily solve things, yes.

It took so long for Rome to fall from this kind of malfeasance, I almost feel blue-balled knowing that they might actually stave things off for at least my lifetime, if not much longer.

>>30383562
>back your money on a gold standard
>the hyper wealthy hoard it all
>the government literally cannot issue more money, the entire nation is failing
>"REEEEEEEEEEEEE HOW CAN YOU DO THIS TO ME?!" kvetch the hyper wealthy when the government steps in to prevent them from literally destroying the nation with their fear-mongering greed
Honestly, not enough cases.

>>30383474
No, only guns

>>30386902
You wish you had the social skills I do. I can make anybody like me. I can charm them and be genuine and become their friend. Why? Because that's how you make friends, you be genuine and you fuck up and if the friendship is worth it you become friends after. I was at the gym and this guy came and tried to take equipment from my friend and I screamed at him and called him a faggot and we started yelling at each other saying we were going to fight each other. Later I went up and apologized, shook his hand and we are friends to this day.

I had a court deposition last week regarding a multi million dollar lawsuit and the defense attorney for the other side fell into my charm and it was obvious. My own attorney told me during the break "dude even the defense attorney likes you, they're so fucked" because a large part of winning these cases is likeability.

Drama has a function. Human emotion has a function. Peace treaties and oaths have a function. Don't be autistic, learn to recognize it for the ridiculous shit that it is and use it. Even laugh at it sometimes. Even the drama and shows like jersey shore has a purpose. Don't deny your humanity.

>>30384371
When you sell your soul to the (((devil))) there's quite literally no evil too low for you to partake in

>>30383874
you have to go back

>>30383474
Only if they find it

They can take my xbtc only over my dead body. And many of theirs because i am READY

>>30386828
>as the govt., value gold short-sightedly
>the rich take advantage of the pricing error
>blame the people who were pricing gold correctly the whole time while others were swept up in crowd mania
Such is the everyman political messaging time after time

>>30384635
Please do not tell me burgers pay VAT for precious metals

>>30383474
Firearms technology has advanced considerably since then.

>>30388992
>people who were pricing gold correctly
They weren’t: most of them were not edging the possibility of gold being forcibly confiscated, as such they took a risk and then a loss

>inb4communism
America became a the first world superpower

>>30383474
Don't worry. At least not if you hold the decentralized gold DHT

>>30384482
You can’t really confiscate BTC, I remember reading about some guy in Germany who mined $60m worth off of people’s computers illegally and the police tried to take it and he just said he didn’t has the password to his ledger/wallet (which was a blatant lie)

>>30389219
What a shitty argument.
>confiscate all funds from all entrepreneurs
<well they didn't take into account their funds would be confiscated so i guess they were never such skilled individuals in the first place. ergo, the system is running now more efficiently

No, because they spent the last 50 years convincing all the normalfags that PMs are inherently worthless and not worth having. The largest silver horde in the world belongs to the US government. The Chinese and Russians are competing with each other to amass more gold. Peons aren't worth going after if they want to introduce PMs as a commodity backing again.

>>30383474
>crypto to crypto and fiat to crypto and crypto to fiat is taxed
>govt will confiscate your gold and bitcorns
OH SAY CAN YOU SEE

>irresponsibly print tons of money to finance a phony war
>the smart hoard gold knowing the fed is short
>wtf you can't do that it must be rich people
How many times do you have to let the fed teach you this lesson before you figure it out?

>>30385083
Intrinsic value has NO bearing to mediums of exchange you mouth breathing retard.

>>30389550
Did people seriously think this was going to end differently?

>>30390602
>all goldbugs move with their PMs outside of US
>FED collapses

Jeez that was hard