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> The Canadian Gubmint is issuing orders about seizing crypto assets too. Sure, but the entire point is that they can't. If you manage your own private keys,
by LewisVerstappen 5y ago
> The Canadian Gubmint is issuing orders about seizing crypto assets too.
Sure, but the entire point is that they can't.
If you manage your own private keys, it is significantly harder for the canadian government to seize your assets compared to the gov telling your bank to freeze your account.
Crypto people need to work on UX though, so that you don't need to be technically savvy to do so.
- thesuperbigfrog 5y ago>> Sure, but the entire point is that they can't. >> If you manage your own private keys, it is significantly harder for the canadian government to seize your assets compared to the gov telling your bank to freeze your account. If they want your keys badly enough, they will get them: https://imgs.xkcd.com/comics/security.png https://imgs.xkcd.com/comics/security.png
- datadata 5y agoThere is a big and meaningful difference between being able to freeze bank accounts at scale without violence and only with the cooperation of a centralized finance institution, versus having to physically torture each account owner to get what they want one by one. A government would have to be substantially more evil and use vastly more resources to do the later. And there is a second order chilling effect in the former, where even if a government does not seize asserts, the threat of it will make citizens think about their words.