If the creator of Bitcoin is anonymous, why do people celebrate their birthday on April 5? We explain:
. The order outlawed the private ownership or"hoarding" of gold coin, bullion and certificates. People were allowed small amounts valued under $100 at the time, for use in industrial trades, or a few other exceptions.
The order required Americans to hand over any significant amount of gold to the Federal Reserve in exchange for dollars. FDR then devalued those dollars to make it easier to repay the huge debt that had built up during the Great Depression. While that may have helped the country to escape a difficult situation, some have seen Executive Order 6102 as a challenge to the liberty of individuals to preserve their wealth in the form of gold.picked April 5 as their birthday for that reason, but we do know that Bitcoin’s creator was interested in monetary history and concerned about the power of individuals to preserve their wealth and keep it safe from state intervention. It remains a core motivator of Bitcoin’s supporters to this day.
In another likely allusion to the history of U.S. private gold ownership, Satoshi listed their birth year as 1975. That was the year that President Gerald Ford reversed Executive Order 6102, making it legal to own as much gold as you wanted once again.
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