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....
That can happen with gold with fiat because they're all centralized and tangible, but with bitcoin, it's virtual and invisible. How can they take it from us if we keep everything private? That is one of the great advantages of bitcoin that not even gold has. Bitcoin values privacy and anonymity, so when using it, we need to focus on the benefits it brings us. In case, even if we get caught, the government has no way of getting our bitcoins.
Yes, that was the case in my country, as the government sees the people earning money without paying taxes that's the time they tried to seize and control crypto. But of course, they failed because crypto was made to be decentralized where you are the one in control of your assets. They can't even have track of anyone's funds since they are anonymous so it would be a lot of work for them. If you work in a government about economics, for sure crypto wasn't part of your job so in short it would just complicate the system if they try to control something they can't. Only thing they can do about this issues is to ban the crypto itself to the country but were unstoppable we always make solution to problems.