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A comment on Calling All Hackers: How money works (2024). Parent comment

Re:Calling All Hackers: How money works (2024) by eru on Tuesday January 06, 2026 @10:47PM (#46522304)
That's why you should bank with private counterparties, not the government.

If you buy eg a gold ETF, you can ask all these questions without any guns coming out. You can also go and exchange them for physical gold whenever you feel like it. Without any guns coming out.

If they break their promises, you can sue them. Without any guns coming out.

[ Parent | on HN ]
Re:Calling All Hackers: How money works (2024) by philipwhiuk on Tuesday January 06, 2026 @10:57PM (#46522380)
> If they break their promises, you can sue them. Without any guns coming out.

Providing you and they are in a country who is prepared to use 'guns coming out' to enforce the outcome of said suing.

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Re:Calling All Hackers: How money works (2024) by eru on Wednesday January 07, 2026 @12:37AM (#46522988)
Private contracts are a lot more robustly enforced in most parts of the world than promises of the government.

You can also do jurisdiction shopping: many companies deliberately contract under eg London law instead of local law.

[ Parent | on HN ]