Bitcoin Is Safer From Government Bans Than Gold Or Silver
Zhu Su posts some strong points for why Bitcoin is much safer from government bans/crackdowns than gold or silver:
Su points out the challenges that would make it difficult for authorities to ban crypto, including the lack of coordination among the world’s political powers.
“I think the free mobility of capital and labor, as well as continued fragmentation of political power, means that there is no global coordination point against the idea of internet money.”
Su says that more people now hold and use digital currencies whereas gold and silver are owned by only a few.
“Unlike gold or silver, crypto is very difficult to seize from individuals.
Also unlike gold or silver, crypto is becoming owned and used daily by the silent majority.
The better analogy would be whether the Catholic church could’ve stopped the Protestant reformation, I think.”
