Post
Topic
Board Bitcoin Discussion
Re: Which investment is a safe haven Gold or Bitcoin?
by
AlgoSwan
on 12/05/2020, 12:15:17 UTC
When there is state, there is no safe haven! (even land is not safe haven)

The essence of the state throughout history is a minority of the population, constituting a power elite or a “ruling class,” governing and living off the majority, or the “ruled.” Since a majority cannot live parasitically off a minority without the economy and the social system breaking down very quickly, and since the majority can never act permanently by itself but must always be led by an oligarchy, every state will subsist by plundering the majority in behalf of a ruling minority.

The State is the organization of robbery systematized and writ large. The State is the only legal institution in society that acquires its revenue by the use of coercion, by using enough violence and threat of violence on its victims to ensure their paying the desired tribute. The State benefits itself at the expense of its robbed victims. The State is, therefore, a centralized, regularized organization of theft . Its payments extracted by coercion are called “taxation”.

Both gold and BTC can't be taxed. They are better than land in this sense. But still miners of both instruments living in a country run by a government. No safe haven!