They let FDR walk over them, yes. They should have shot back, but the hard fact is that they did not. And even if they did, the government would have come back with bigger guns. Bitcoin cannot be confiscated because it is just code. Its intangibility is a feature, not a bug.

And what happens when the government or banks simply decide that the paper can no longer be redeemed for gold? As was the case when Nixon ended the gold standard by EO? And as was the case with every fiat scam that has been run in history. You can add all the laws and safeguards and oversight you want, the fact is that governments and banks will always find a way to print over the gold, and people will always fall for it.

Governments and banks have proven over and over, over the course of millennia, that they cannot be trusted to administer a system of money in a competent manner, let alone an honest and impartial one. The whole of history, but especially the nightmare of the past century, proves that they need to be removed from the equation of money entirely. Bitcoin accomplishes this.