101 on how gold was confiscated:
You had to turn it in for dollars by a deadline prior to dollar devaluation, and there were massive prison consequences for not turning it in, but little resources in...
It’s an interesting thought experiment to imagine if your government gave you 30 days to move your cold storage bitcoin to a regulated custodian or risk penalty, and more importantly, never be able to spend it. For those of us with a significant portion of our net worth in cold storage it would be a hard decision. There is a path where you wait it out and hope the laws become more favorable at some point but I can’t say what I’d do in that situation. I’d obviously hate to do it but I’d hate being a lot poorer too.
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