Statement on Cryptocurrencies and Initial Coin Offerings

Re:Statement on Cryptocurrencies and Initial Coin Offerings by sah2ed on Tuesday December 12, 2017 @01:39AM (#15903466)

Not disagreeing with your observation, but to extract gold, you need a mining license which is typically required by law, so in a way governments can still make useful laws that regulate the scarcity or abundance of gold as a commodity by pricing mining licenses accordingly.

Gold ownership was outlawed in the US in 1933 by FDR.

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Re:Statement on Cryptocurrencies and Initial Coin Offerings by moreless on Tuesday December 12, 2017 @03:14AM (#15903848)

> Gold ownership was outlawed in the US in 1933 by FDR.

https://en.wikipedia.org/wiki/Executive_Order_6102

EDIT: "The limitation on gold ownership in the U.S. was repealed after President Gerald Ford signed a bill to "permit United States citizens to purchase, hold, sell, or otherwise deal with gold in the United States or abroad" with an act of Congress codified in Pub.L. 93–373,[19][20][21] which went into effect December 31, 1974."

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