Part 7/13:
Corba recalls crucial moments—such as the 1933 gold confiscation and Nixon's 1971 abandonment of the gold standard—highlighting how governments have historically centralized monetary control, often to the detriment of individual property rights. These actions have resulted in widespread inflation, debt burdens, and erosion of citizens' wealth.
This long history fuels the Bitcoin community's skepticism of government-controlled money—a distrust rooted in repeated abuses, including secretive devaluations and confiscations. As such, advocating for Bitcoin’s permissionless and private qualities becomes a resistance to this pattern of confiscation and inflation.