GOLD shall destroy FED.
(media.greatawakening.win)
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (331)
sorted by:
what happens when the government makes bitcoin illegal and “confiscates” it? and don’t doubt they will do it because this exact tactic was used in the past with gold.
what happens when they make it illegal for any retailers to accept crypto?
also where can you buy groceries with crypto? I’ve yet to see it as a payment option anywhere i shop.
They can't confiscate Bitcoin. That's not how it works. They would have to steal your private keys of you and these keys can exist solely in your head. Maybe if they torture you they can confiscate your Bitcoin.
And yes they can make it illegal just as they made torrenting illegal. But torrenting is still happening a lot so government bans would not be some sort of final end point for Bitcoin.
And in El Salvador you can buy your groceries with Bitcoin now since BTC is legal tender there. There are other places you can use your Bitcoin to buy everyday items. But it's the same as with the internet: it needs time to grow and then at a certain point it's everywhere. We haven't reached that stage yet and that's the reason why you can't pay with Bitcoin everywhere.
You can however get debit cards that you load up with Bitcoin and then you can actually pay for your groceries with Bitcoin.
Right, i get that they can’t literally take it from you, hence the quote marks. What I mean is all they have to do is make it a crime to possess it. Then what? And again, anything that requires internet to use is an automatic fail because the government absolutely can control that shit, just ask any person from China.
I still agree with the OP, you’re trading one imaginary currency for another, I really don’t see it as a win at all. Bartering is the system they can’t control.
If we end up in a situation that's so tyrannical that we need to barter, then it doesn't matter that Bitcoin is deemed illegal. Torrenting is also illegal but who cares? What are they going to do about it?
And of course, if the world really goes to shit then it's better to barter goods. But in a functioning world economy barter just doesn't work.
i sincerely pray that you are correct and some form of functioning economy continues to operate. If I end up looking like a dildo because I didn’t buy crypto that seems like a better deal than the total collapse that i’m worried is coming.