The U.S. Government Has $5B in Bitcoin

Re:The U.S. Government Has $5B in Bitcoin by jgilias on Monday October 16, 2023 @12:26PM (#37902210)

Regarding mountains as money. There has actually been a case in history where a group of people used hard to move large stones as money. The bigger the stone, the more value. While these would initially be transported, once on the island where they were used, they wouldn’t get moved around, while ownership would change.

https://en.m.wikipedia.org/wiki/Rai_stones

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Re:The U.S. Government Has $5B in Bitcoin by distortedsignal on Monday October 16, 2023 @12:39PM (#37902456)

1. Great source, great story. You're absolutely correct.

2. Yeah, I was trying to come up with a simple "can't be exchanged easily" things and I (pretty obviously) failed. Got any ideas of "can't be exchanged easily" stuff?

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Re:The U.S. Government Has $5B in Bitcoin by jgilias on Monday October 16, 2023 @12:44PM (#37902545)

I think your example is a good one!

The Rai stones are just a curious example of how creative people can get with their ledgers. And by extension - what happens when people who can manufacture your unit of account out of thin air come along.

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Re:The U.S. Government Has $5B in Bitcoin by distortedsignal on Monday October 16, 2023 @05:20PM (#37906815)

Thanks for your kind words. I'm kinda going through it today, and it helps to have people to lift you up.

I hope you have a great day.

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