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Author Topic: PSA: If gold were illegal... (Gold WAS illegal!)  (Read 437 times)
JollyGood
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February 06, 2020, 03:30:59 PM
 #21

What a fantastic post, it makes great reading.

It is so refreshing to read several intellectually prominent contributions over several threads that you posted in. No wonder several members were posting expressing their happiness around New Years Day that you had returned to the forum.



~snip~

(More replies some other time, especially to JollyGood and amishmanish.  Thanks for the fine discussion of this important issue!  I think it is not merely a story from the past, but a key issue of continuing relevance to Bitcoiners, and to anybody who cares about sound money and financial freedom.  That is why I opened this topic when I was a forum Newbie who had been actively posting for less than nine days.)

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The network tries to produce one block per 10 minutes. It does this by automatically adjusting how difficult it is to produce blocks.
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February 14, 2020, 05:08:33 AM
 #22

Now gold cannot be banned worldwide. Moreover, such stupid decisions of any government cannot last long. In addition to gold, there are now many financial assets in which you can keep your savings. For example, I have never had gold bars and I do fine without it. Therefore, I do not see any tragedy if the storage of gold for private individuals in my country will be prohibited. Cryptocurrency is now a good alternative to erasing your savings.

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