- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Money Talk challenge (1 year update)
Posted on 12/7/23 at 10:19 am to WG_Dawg
Posted on 12/7/23 at 10:19 am to WG_Dawg
quote:
this is an elementary level question I've had that hopefully you can answer.If a govt was to make bitcoin illegal and shut down the on/off ramps, how would that play out? Like if I've got a cold wallet with bitcoin but have no way to transfer it to money in my bank, do I just accept that the BTC I hold is now going to have to be used to actually buy stuff and use it as a currency?
Great question. This has already been done before.
In 1933 the government made Gold illegal to have. That was not lifted until 1974.
There would be some short term problems for sure! That said, when the government made gold illegal, were people still using it and was it a valuable asset?
Of course.
That said, in a month or less, we will have a Bitcoin ETF. After the ETF, it's pretty much over for what the government can do.
If that is a main concern for you, just wait until the ETF is up and running.
The USA has zero control over Bitcoin. This is a world wide asset that will have value no matter what the USA does.
Posted on 5/4/24 at 10:29 am to I Love Bama
This has been a fun read one year later.
Big Sur is going to make some Colombian girls very happy.
Good morning from Pereira, Colombia
Big Sur is going to make some Colombian girls very happy.
Good morning from Pereira, Colombia
Popular
Back to top
Follow TigerDroppings for LSU Football News