Pablo Luengas's avatar
Pablo Luengas
npub15d5s...umkt
Bitcoin Macro & Asset Allocation | Analyzing #Bitcoin for institutional portfolios & treasuries | CFA | #Bitcoin class of '19"
Pablo Luengas's avatar
palurie 1 year ago
🔍 1921: Henry Ford proposed replacing gold with "energy currency" to break banker control and stop wars. 102 years later, Bitcoin finally achieved Ford's vision: • Converts energy into monetary value • Can't be controlled by central powers • Transparent, rules-based system • True monetary-energy standard "The essential evil of gold is that it can be controlled. Break the control and you stop war." - Ford History shows the problems of monetary centralization aren't new - Bitcoin is just the first working solution. #Bitcoin #MonetaryHistory #EnergyMoney image
Pablo Luengas's avatar
palurie 1 year ago
It’s always a good day to remember the government confiscation of wealth: 1934: Executive Order 6102 made private gold ownership illegal in the US. The government called it "preventing hoarding" The process was simple: 1. Force citizens to sell gold at $20.67/oz 2. Make holding gold a crime (up to 10 years in prison) 3. After collection, revalue gold to $35/oz A 69% wealth confiscation through devaluation Key lessons: • Physical assets can be confiscated • Government can criminalize wealth preservation • Devaluation is a form of confiscation This is why Bitcoin's unseizability and resistance to confiscation matters ⚡️