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Ultimately I can memorise 12 words representing my private key. And when the dictatorship finally ends, or I manage to flee, no government can ever freeze my mo
by josmar 2y ago
Ultimately I can memorise 12 words representing my private key. And when the dictatorship finally ends, or I manage to flee, no government can ever freeze my money.
No tax man, no dictator, and no other thief can distinguish someone who memorised 12 words from someone who didn't.
- chx 2y agoErm, no. No government can freeze your bitcoins. It's not money. You might find it ever increasingly difficult to change bitcoins to real money if a country -- or multiple -- is against it. No such thing happens currently but there are constant efforts to bring KYC and so forth to exchanges.
- fragmede 2y ago> U.S. persons and entities – meaning anyone on American soil or any U.S. citizens abroad – are barred from transacting with the addresses or people added to the sanctions list. https://www.coindesk.com/policy/2022/09/14/us-treasury-blacklists-several-more-bitcoin-addresses-tied-to-ransomware-attacks/amp/ https://www.coindesk.com/policy/2022/09/14/us-treasury-black...