Your Financial Data Is Not Private, Bitcoin Can Fix That

On April 4, 1933, probably only a handful of Americans were prudent enough to hold gold coins in their homes. There seemed to be nothing wrong with keeping the gold safe in the banks, after all. All of this changed a day later when President Roosevelt announced Executive Order 6102, “forbidding the hoarding of gold within the continental United States.” Whoever trusted third party providers for their security and privacy suddenly found themselves rug-pulled. Only those with a healthy mistrust of the government and custodians had the power of choice. They could comply with the confiscatory order or they could hold on to their property.



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