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Gold was made illegal to own in the US in 1933. What if they did that with Bitcoin today?
In 1933, President Roosevelt signed an executive order requiring all citizens to turn in their gold for cash. As (or, if) Bitcoin grows in popularity and becomes more mainstream, how likely is it that governments around the world- seeing Bitcoin as a potential threat to their control over the economy- do the same thing with Bitcoin? I understand that nobody can ban Bitcoin, but could they make it illegal to own, and if so, what do you think would be the consequences? This is purely hypothetical. I'm not saying I think this is likely (I don't even know if it's legal), it was just something that came up in a conversation with a friend. Neither of us are very knowledgeable about these kinds of things, so I'm interested to hear other people's opinions. My response was that a government attempting to make owning Bitcoin illegal is exactly the reason why Bitcoin is so important. You own that Bitcoin, and nobody can tell you what to do with it. But if owning it made you a criminal, it would certainly make things more complicated and may leave you with a moral dilemma on whether or not to comply.
Owning one or more bitcoin today puts you in the <0.018% of all bitcoin owners
Taking into account the current supply, population and distribution. Assuming 4m BTC lost. Did not take into account one person owning BTC under multiple addresses, or exchanges holding multiple people's BTC in one address. Assuming these evenly cancel each other out (though definitely inaccurate irl).
I don't know if this a standard thing but when I sold my Bitcoin today on Coinbase the exchange rate was lower than what was being shown as the Bitcoin price on Coinbase at the exact same time. Is that a normal thing or what?
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