Ok so there are people who say that crypto is decentralized and cannot be controlled by the government. How can this be true when the government can shut down the companies or networks where you are able to buy, sell, or send crypto?


------------ One reason that Bitcoin is so tenacious is that it is a globally distributed phenomenon. The vast majority of mining takes place outside of the US in China and central Asia. But the vast majority of Bitcoin holders and buyers appear to be US and EU entities, and the software’s core developers and node-runners (who host Bitcoin’s servers) are scattered throughout the world. The most important person in Bitcoin—its inventor—is no longer relevant, and could even be dead.

Even if a government took control of a majority of the Bitcoin hash rate, this doesn’t enable them to change the Bitcoin consensus rules or print more Bitcoin or steal anyone’s holdings. The worst they could do is use their power to mine new versions of Bitcoin (which, in the case of BCH or BSV, has failed spectacularly), or burn billions of dollars to temporarily damage the network in what’s called a “51% attack.”

They can try seizing my account but good luck with that I'm using Netcoins.ca. It's hard to hack. lol