Jeff Park
๐ค SpeakerAppearances Over Time
Podcast Appearances
And that's why international law is so nebulous because who's going to enforce it?
the US, right?
And so- You saw the meme.
Go ahead.
You saw the meme.
Oh, boy, did I see the memes.
The fighter jet.
That's the international law, baby.
But that's the thing with Bitcoin.
In some ways, it's a little bit scary because you think it's unenforceable because it's code, and yet there are rails in which you have on-ramp and off-ramp, and those things can be enforced.
And so that's where sometimes Bitcoin, even though it touts it as its main strength, could also be its downfall, whereas gold...
You can literally just put that in a stash and it cannot be seized.
And you don't really need on-ramp or off-ramp to transact in gold in some ways because there's like a decentralized marketplace for that wherever you go.
You can really bring like a gold bar anywhere and then someone will bid you for it.
You might not get the best price, but there's a bid and it's a decentralized bid.
Whereas Bitcoin...
it's very hard to transact unless you're on ramp to some kind of centralized infrastructure.
And so this is that kind of fine tune trade off of enforcement where sometimes Bitcoin is not in fact the preferred choice of collateral for criminals.
Not if they're fake diamonds, but maybe not authentic diamonds, perhaps.
Okay.