Topic: Can bitcoin be frozen? - page 5. (Read 14196 times)
Goto the "Receive" Tab and check the address which holds your coins that you can't spend. Then right-click and if there is an option "Unfreeze", select that. After that you should be able to use these coins/funds.
Maybe you made the address that received the funds frozen accidentally while exploring electrum.
in my opinion,,, I guess bitcoin would never frozen while the number of users and business people themselves who use them to transact,,, it's just possible that its use will indeed be set according to the rules in force in their respective countries
If this happens what's the difference with the dollar,?The government should not restrict the use of Bitcoin by making regulations that would hamper bitcoin transactions.
What kind of rules are appropriate?
The development of bitcoin is growing so rapidly that some countries have successfully adopted bitcoin as a currency that has a similar function to real currency,with support of various parties that support bitcoin so bitcoin becomes strong and growing,with some of these facts certainly not easy to make bitcoin die and I think it's "impossible" for the next few years.
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My answer is NO. Any third party willing to stop bitcoin need to invest a lot of money, a lot of time, a lot of people and resources.
Just check Andreas Antonopoulos on Youtube talking about this and you will find out how convincing he is.
The more btc continues its growth the more difficult it is to control it!! Period!
Just check Andreas Antonopoulos on Youtube talking about this and you will find out how convincing he is.
The more btc continues its growth the more difficult it is to control it!! Period!
I think this may happen, but if you look at some facts about bitcoin, it seems that bitcoin is not possible to be frozen. Even in some countries it has given legality to bitcoin as a virtual currency that has same function as real currency.
I do not know these countries. Yes, in some cases the government turns a blind eye to the turnover of bitcoins in the first place because it is difficult to control and secondly, because at the moment it helps to attract investment, but a full treatment of bitcoin does not.
I think this may happen, but if you look at some facts about bitcoin, it seems that bitcoin is not possible to be frozen. Even in some countries it has given legality to bitcoin as a virtual currency that has same function as real currency.
Can bitcoin take Fiat's place in time? Suppose it does? Can govetment step in and stop this program?
Its not possible to do , bitcoin is decentralized and no one can stop the transaction or a specific address from functioning. We switched from cash to credit cards and I think Its safe to say that cryptocurrencies will takeover in the future but probably governments will create their own digital currencies that are under their control.
So you're saying that no matter what, bitcoin cannot be traced or be frozen by the government. I guess that makes the government alittle uncomfortable.
It cannot be frozen definitely but there is a possibility of tracing , Its something possible to avoid though. You could use Bitmixer.io to mix your coins , use a new receiving address each time someone is sending you money etc... I doubt the government will spend time to trace each individual though , Its definitely time consuming.
This apply mostly to the users who have a huge amount of bitcoin. They can trace some but not all if you are that clever enough. Though some wallets who requires information about you and when the time the government have legalized and released a regulation they can ask that particular wallet to release information regarding its users who are in their jurisdiction and thus the addresses that are found suspicious will be questioned and failure to answer it effectively will result your account to be frozen.
Though it would be a very time consuming job, it needs to have a department that will manage these things. If ever government would want to accept and legalize Bitcoin they might as well consider this.
in my opinion,,, I guess bitcoin would never frozen while the number of users and business people themselves who use them to transact,,, it's just possible that its use will indeed be set according to the rules in force in their respective countries
I also agree with you, besides the transaction with bitcoin is maintained and the security level is also high
Please advise on the following. In a legal matter where the subject matter is a breach of contract and the funds at issue have been deposited in a Bitcoin a/c , will a court be able to "freeze/ preserve" that specific a/c and secure the funds therein ie preserve/secure the fund value at that point in time until the contractual legal issue has been resolved ?
Think of Bitcoins as cash burried in the desert. A court can take action against you, but as long as you don't tell them where it is, there's nothing they can do about it. 
It is not possible if bitcoins can be frozen, because bitcoin storage systems are not centralized, if anyone wants to freeze bitcoins, then they must shut down the entire internet network around the world.
It may not be a fiat currency, yet no law has made it legal for general use within the country to country. Bitcoin can't be solidified. However, in the event that you utilize an online wallet or store your coins at a trade, these can be seized or solidified. For whatever length of time that you hold the private keys to your wallet, no one can remove your bitcoins from there.
Technically, bitcoin can't be frozen, but if you keep it on legal exchange which works officially and follow laws, they can froze your bitcoins. There few reasons why they can froze bitcoins: firstly, if you broke ToS of exchange, they can froze bitcoins. Secondly, exchange can get request to froze bitcoins by finance related institutions of country.
Technically there is nothing that any sole government can do. I have worked with banks in SE Asia and I know that there are some banks within the Americas that are looking for ways to utilize the technology from blockchains. My solid guess is over time governments will begin to think of ways to govern their own fiat currency with a node coin. Time will only tell on what's going to happen in the future.
Can bitcoin take Fiat's place in time? Suppose it does? Can govetment step in and stop this program?
I think bitcoin will work along side government mandated fiat currencies and may even be used as some sort of settlement layer between countries. The decentralised nature of bitcoin means that it cant be stopped by any individual government, even if country banned it some people would still run nodes.
Please advise on the following. In a legal matter where the subject matter is a breach of contract and the funds at issue have been deposited in a Bitcoin a/c , will a court be able to "freeze/ preserve" that specific a/c and secure the funds therein ie preserve/secure the fund value at that point in time until the contractual legal issue has been resolved ?
Can bitcoin take Fiat's place in time? Suppose it does? Can govetment step in and stop this program?
Not yet, but the technology does exist for govenment to do man-in-the-middle attacks to replace Send-To addresses to sieze Bitcoin by redirecting coins to governemnt-controlled addresses.
Thanks for the information and correction. I deleted that comment. I looked it up and found out about signature validation. Learn something new every day.
Can bitcoin take Fiat's place in time? Suppose it does? Can govetment step in and stop this program?
It wont happen and government would do all the measures for bitcoin not to be recognize or block it for its citizen to commonly use it since they do know the possible effects that it would give to their country but even how hard government would stop this they cant able to do that for sure. Can bitcoin take Fiat's place in time? Suppose it does? Can govetment step in and stop this program?
Not yet, but the technology does exist for govenment to do man-in-the-middle attacks to replace Send-To addresses to sieze Bitcoin by redirecting coins to governemnt-controlled addresses.
This is impossible, no one can stop this deal.
The contrary, will increase the number of subscribers and the price keeps going up
The contrary, will increase the number of subscribers and the price keeps going up
The protocol can't be restricted, if that's what you mean, but you can certainly get your funds frozen on an exchange if the exchange gets a court order to do so. Whatever country the exchange operates out of, they are beholden to the financial laws of that country. In fact, they have frozen the funds from high level crypto heist multiple times already.
So if you hold your own coins, no. But if it's on an exchange, yes, yes indeed they can be frozen.
So if you hold your own coins, no. But if it's on an exchange, yes, yes indeed they can be frozen.
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