Post
Topic
Board Bitcoin Discussion
Re: What if they tried it
by
SOKO-DEKE
on 11/06/2023, 07:49:13 UTC
What if the governments across the world attempted to seize all of your crypto assets like the US seized all gold from their citizens in the 1900s. Now I'm seeing articles talking about how the US government is trying to be able claim private property.

I think that ultimately this would be very challenging for any government to successfully accomplish. This would cause a revolutionary period again in our world I imagine....

Governments won't be able to take crypto assets from every citizen, in my opinion. Governments' sole option is to outright outlaw cryptocurrency in their nations, but even that will make it more difficult for them to seize cryptocurrency holdings from any individual citizen. I don't believe there is any other way for governments to seize a large number of people's crypto assets without their surrender. The only way I can think of is through exchanges, such as when exchanges have a problem with them and decide to shut down completely, which will not be simple to do.but Once your coins are in non-custodial wallets, I don't think there is no way for any government to seize your coins.

If it is possible for government to seize crypto assets like physical properties, many governments should have try that because many of them are enemies of crypto and they don't want its existence again because they know they cannot do anything to control it.