Can bitcoin be frozen? - page 8. | Bitcointalksearch.org

botany

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Quote from: cryptoanalyzer on January 11, 2017, 08:36:56 PM

Can bitcoin take Fiat's place in time? Suppose it does? Can govetment step in and stop this program?

Bitcoin cannot be frozen. But if you use an online wallet or store your coins at an exchange, these can be seized or frozen.
As long as you hold the private keys to your wallet, nobody can take your bitcoins away from you.

cryptoanalyzer

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Quote from: zeze18 on January 12, 2017, 07:35:22 AM

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

Well in the matter of anonymity there should be none that is able to put the transaction under surveillance and yet there is according to the comments. Right?

cryptoanalyzer

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Quote from: OmegaStarScream on January 12, 2017, 07:12:04 AM

Quote from: cryptoanalyzer on January 12, 2017, 07:03:05 AM

Quote from: OmegaStarScream on January 12, 2017, 05:38:48 AM

Quote from: cryptoanalyzer on January 11, 2017, 08:36:56 PM

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.

It's right that tracking will really consume the time with the uncertain result but if it's about a money and the amount was high then the government will do whatever they can do. As for example is when FBI seizing about 26,000 bitcoins from silk road or when Australian government seizing so many bitcoins. The government won't waste the opportunity to seize many bitcoins which have pretty decent value for each in large amount to increase the income of course.

Yeah I agree. Well a huge amount of money is suspicious but then we can agree on the matter that government can still watch bitcoin transactions

zeze18

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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

OmegaStarScream

staff

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Quote from: cryptoanalyzer on January 12, 2017, 07:03:05 AM

Quote from: OmegaStarScream on January 12, 2017, 05:38:48 AM

Quote from: cryptoanalyzer on January 11, 2017, 08:36:56 PM

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.

cryptoanalyzer

newbie

Activity: 42

Merit: 0

Quote from: OmegaStarScream on January 12, 2017, 05:38:48 AM

Quote from: cryptoanalyzer on January 11, 2017, 08:36:56 PM

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.

OmegaStarScream

staff

Activity: 3500

Merit: 6152

Quote from: cryptoanalyzer on January 11, 2017, 08:36:56 PM

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.

cryptoanalyzer

newbie

Activity: 42

Merit: 0

Can bitcoin take Fiat's place in time? Suppose it does? Can govetment step in and stop this program?

Topic: Can bitcoin be frozen? - page 8. (Read 14196 times)