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That’s actually exactly the point. Tanks and jets are pretty useless to extract private keys. They were great and confiscating gold or nations or oil fields. Fi
by dsyrk 5y ago
That’s actually exactly the point. Tanks and jets are pretty useless to extract private keys. They were great and confiscating gold or nations or oil fields. Fiat currency is tightly linked to war. Your immediate reaction shows that. But your tanks and jets are garbage and your governments should stop spending resources on them, they won’t help in anyway trying to confiscate crypto currency.
- fakedang 5y agoMy point was that there's nothing stopping the government (or anyone with guns really) from seizing your crypto assets. With fiat currency, it's a given circumstance. With crypto, it's a false selling point. Not to mention how laughable it is how much centralized crypto has become over the past decade.
- dsyrk 5y agoThe largest and most sophisticated holders of crypto assets would be using multi signature wallets with a protocol between multiple private and secure participants. How does a gun allow you to seize private keys? We are back to they can threaten to kill you? But there is a problem, if they do they lose the keys also. Guns and weapons are massively less effective against crypto assets in comparison to traditional assets. If one owns a factory and doesn’t pay taxes, those guns work very well in comparison.