3 ms·
My 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 circums
by fakedang 6y ago
My 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 6y 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.