Topic: 'Frozen' Bitcoin Tied to Canadian Protests Lands at Coinbase, Crypto.Com (Read 246 times)

the take away from this is to know that allotment of coins can be censored by s.w.a.t teams knocking down suspects doors and arresting them, by the fbi and cybercrimes from accessing peoples cloud storage/emails, by courts making court orders to individuals and businesses
by SEC/fincen using regulation to stop regulated businesses.

if you are holding coin meant for other people. PAY them ASAP, in a few confirms time, no silly excuses about things that can take days/weeks.. settle up and absolve self of any responsibility.

and so, its up to people to up their game in regards to their own personal security and anonymity. bitcoin can look after itself but bitcoin does not look after the keyholders in their hand, foot and mouth movements. the point of failure is the humans hand foot and mouth movements

dont go announcing yourself publicly that you have the coins and waste days explaining how you want to move them around before paying out. just pay out. avoid the risks of others finding you and stopping you(the human) before you get to pay out.

yes you can use bitcoin features like multisig to spread the risk EG a 7 of 10 where by if your arrested and they find out about 1 or 2 others involved the coins can still be distributed. but if you are mentioning all 10 names, you have just wasted any chance.

bitcoin addresses do not announce peoples names. but people can announce bitcoin addresses.
people need to take more responsibilities for their actions or absolve their responsibility by paying out and no longer having control of the coins

My takeaway here is that in the face of the governmental power to enforce freezing of assets including digital ones, centralized exchanges got no alternative but to follow any order coming from those in authority...and so in this case we are actually contradicting the assumed benefits of cryptocurrency and that is being able to do transactions away from the eyes and controls of the government. I am sure that this latest story of the truckers in Canada and their use of Bitcoin can be a reference for the future discussions of cryptocurrency and how to make sure that no power be it coming from the government or institutions can imposed their will for whatever reason especially those involving politically-infused events.

It's wholesome for freedom to have certain limitations, if you want my opinion. I'm not a hypocrite because of this.

what have you done?
you try to pretend you are libertarian and open to freedom and then want people to be banned, to filter, and to limit their words..
that is hypocrisy and also contradictory.

if you do not like people pointing out your flaws. dont make your flaws so noticeable.

you dont like people noticing your limitations you set upon yourself. yet you are part of a group that tries to say other people have flaws first. so expect them to poke back mentioning your flaws.
you know.. common sense. if you punch someone. dont be surprised if they punch back. and yea dont play victim pretending your innocent when you get hit back.

or
if you dont like when people respond when your own set limitation become something you demand others to change, to match your limitations
..maybe look into your own limitations. and expand them, rather then trying to limit others

dont be afraid to step out of your limited views of your friend group.
be willing to learn more then your pets, friends are capable of
be confident to step outside of your comfort zone

as for whom is more binary limited.
seems you are the one that doesnt realise that censorship is not binary, and can happen in many ways and still be defined as censorship

i was the one that was telling you the range of censorship impossible, resistant, etc (multiscale, not binary)
i was the one telling you different aspects have different scales of censorship ability.


i now expect some non-sense millennial response such as how someone is free to dream what they like, and believe it as their truth because their freedom of religion reinforces their dreams as their truth.(standard millennial crap)

but yea its a silly excuse and nonsense rebuttal for an ignorant person to stay ignorant...  its just millennial laziness to not want to learn, by using silly excuses to defend their reason for ignorance

Why can't you ever have a normal conversation without offending people? Why, among all this nonsense, do you also need to be rude? What on Earth have I done to you to call me a hypocrite?

And I tried to differentiate the meaning of censorship when it comes to those who use it and when it comes to the functionality, generally. It turned out a waste of time since you only think in ones and zeroes.

blackhatcoiner.
you have selective reading. your main flaw. here ill say it again. its actually referencing this thing called a dictionary. a very big wall of text book. maybe you heard of it. but doubt you read it. (based on your own admission of your limitations you set upon yourself)

here is the definition again
"censored": "to examine and suppress unacceptable parts of it."
china censored bitcoin

yep china did 'examine and suppress unacceptable parts of it'.
HOW they done it could, was, is, and can be in many different forms.

you seem to have the time to google a word counter, copy my post into it to check the number of words..(pointless task by the way).
but you never seem to have that same time to look up or research things properly.(very odd motivations you have)

if your not prepared to learn or expand your knowledge outside of your pre-set notions. limitations. thats on you.
if you do have issues being able to read 369 words. thats a problem for you to solve about your own limitations, rather than trying to put limitations on others.
EG i certainly know you refuse to read the words of the court order, due to your own admitted limitations. yea the court order is one hell of a wall of text, but its worth reading. then you can/might learn how the courts done things and who triggered the courts. to atleast have then an informed opinion. rather than your ignorant opinion

hey im not going to ask you to be banned(your tactic), nor get you to move over to things like twitter that does have a message character limit more fitting to your limitations..

the main thing i only ask of people is to do more research to help themselves be more informed, and inform the community better,  instead of your dreamt up utopian fantasy, which actually does people a disservice

oh and yea Mr Censor guy, you want me to talk only in certain topics, filter my words, talk in short sentences or face getting banned..
hmm.. very revealing

your hypocrisy and ignorant flaws are your failings. things you should sort out with yourself, without trying to get the world to change to suit you.

And you, franky, try to not post exactly what you're having in your head. Filter it. I can't always find the time to read your 369 words long nonsense.

Everything can be censored in the way you've interpreted. Nothing is censorship resistant. Everyone can become the victim of a $5 wrench attack. Everyone can be examined. Does that make things susceptible to censorship? No. It's me who's susceptible to it. No one can reverse a Bitcoin transaction, but they can force me to.

Making Bitcoin illegal and censoring it is not the same thing...

blackhatcoiner. you were the one that said they cant censor cash..

and now you want to hide behind you not caring about how much cash has been censored to hide your unawareness  that cash can be censored

maybe you want to hide behind the ignorance of the amount of bitcoin thats been seized by authorities too
maybe like your unawareness of the 95K bitcoin bitfinex stolen stash.. you know the 95k of 119k stash that stayed on a private key for 5 years and never entered a third party exchange. but was seized because the authorities traced the culprits of the binfinex stolen stash and raided the private key due to the dumb culprits leaving it in a place for the authorities to find.

there is a difference between bitcoin the network being brute force impossible via network intrusion. vs coins being censorship resistant. vs censorable via human intervention
just shouting 'cant censor' is being very loose with words that end up making what you say opposite to fact

especially when you then dont care about actual numbers of actual funds that have been censored

"censored": "to examine and suppress unacceptable parts of it."
china censored bitcoin

it might help if you actually help try to explain the pitfalls of certain things. like the human error aspect that makes bitcoin not anonymous but pseudonymous
that way people know they have to put some effort in, to protect their own privacy. rather then fall for the utopian rhetoric fallacy that they are default protected by bitcoin even if they mouth off on youtube about their association to specific funds

you know..
how people falsly think that because they are depositing bitcoin into an exchange they think that fiat rules dont apply. because certain people have been saying how bitcoin cant be censored thus make people falsely believe that bitcoins are safe to put into exchanges and the exchanges cant do anything about it..... reality is they can

so maybe be a little more honest about how the situation really is without using ignorance as a defence to pretend your opinion counts, simply because you didnt know any better.. you know better, so try saying it better. dont become a doomad

What they can do is not the same with what they're capable of doing. There's a difference between having your money taken due to border patrol and due to seizure from the bank; you're responsible for the former, but not for the latter.

I honestly don't care how much cash is been seized during the last decade. There countless of factors that affect the final outcome which make the comparison problematic.

Probelm is:
Third party services are also regulated by the government in most places therefore at the end of the day they cannot any claims of Bitcoins being super anonymous because at the end of the day the most it can be is pseudo anonymous. Which might work and might not but they would have to use the mixing services and also at the same time they would have to buy the coins which is best if done from p2p because again using a third party application might not be their best option. If a person comes here asking how to do it I do think the best way is to let them explore the forum themselves and go through the posts. I do think that there might be some people already familiar with the bitcoins.

Sure they could have tried, but don't think that big crypto exchanges don't already have enough experience with detecting BTC that went through one of the mixers. Although such coins provide a certain amount of anonymity, it is very easy to determine that they come from sources that some call the risk management category. Of course such things depend on a case-by-case basis, but sometimes you need to be a little more intelligent and switch mixed coins a few more times between a few addresses to make it harder for those involved in such analyzes to research.

I cannot help him with that rather I'll just guide him to some of the tutorials here which he will have the full decision whether he follows it or not. As for me, I just wanted them to learn from their own mistake and become strong next time so that they can help others as well. It seems like we cannot assure the other services for anonymity because they can be easily tracked, we need a higher and more secure way of doing transaction so that we cannot be monitored for our own safety as well.

Hard to by pass these centralized entity since they need to trade the coins to fiat. They should have found someone locally thats been in this trade for years. Pretty sure that someone would know what to do like mixing before they try sending to coinbase. Sad to see them fail in the end.

If they go in the forum, just about anyone will reply to them of what to do.
Would it be enough to just send the coins to a dex, trade it with Doge or Eth then send to Chivo or the likes of it to cash out?

no one can brute force the network to take coins out off the blockchain.
but people can break down a door or make a human/business comply via threats.
and if a regulated/licenced business. all it takes is an email displaying good reason to comply

you do realise that border patrol can censor your cash right.
they do border checks and seize any large rolls of banknotes
they can s.w.a.t someone's house and check under the mattresses..
do you even realise how much cash in bank notes has been seized in just the last 10 years. found in cars/houses.. not banks

heck if you know enough about a scammer, you too can go to court and get a court order to stop a scammer. and you dont even need to be a government agent to do it

this court order drama started off by some 20(something) woman complaining to the courts. .. not due to any politician making a claim. just a woman in ottowa and then a bunch of private business owners looking for a compensation day


and thats exactly what the fund organisers should have done.
by this i mean. they should have talked to the truckers from the 28th of january. EVERYDAY after to check how they are and ask what they need. and when funds arrive. PAY THE TRUCKERS. then its no longer in fundraisers control. and not in their custody, thus no their responsibility.
instead they hel onto the coins after the 14th and publicly announced intension and how it would take days to even talk to truckers and days to then pay them.. that was another fatal flaw

But, this isn't a limitation of the system. It's just a human error during the use of such system; in other words, it's a misuse. Governments can't censor Bitcoin transactions just like they can't censor cash. However, the moment I deposit those in a bank, that very moment I hand over my custody. I don't control them anymore.

Decentralized systems remain decentralized. When there's centralization involved, third parties can meddle. Avoid exchanges that are forced to censor your money. Exchange, decentralized.

No, there is no break of the law.
As long as any business is registered and is doing business in that country it must follow the law and the orders of authorities, if it weren't like that all companies would move their headquarters to some made-up nation, and then good luck trying to sue any of them or get any refund or claim.
Just think for a moment, is a bank licensed in Mexico would freeze all Canadian citizens' money that would mean Canada's government has no right to address this issue, just because they are in another jurisdiction?

When you try to avoid some rules or fines or investigations by an authority, a registered and regulated business is the last one you should use.


First and obvious, mix those coins, and more importantly don't wait for the whole sum, mix them as soon as it's over a random value.
Don't send those outputs to exchanges, and don't use your damn name for that as they already probably have you on your blacklist, donate chunks of the mixed coins directly to protesters, they could then each deal with dex or face to face deal to get cash.
Or, after you mix those coins, use LN to send coins to each member.

Splitting the coins into 100 addresses and then sending them to Coibase or cryptocom...why did they even bother splitting them?





 

This is a lesson for us. We should be taking great notes from this as not to use any exchanger or service which can expose us to the final destination and vice versa. Just how easily the police tracked it by sending few notices to the banks and back tracing the whole coin trigonometry.

Best to avoid this and use private wallet on your mobile phone, desktop or hardware wallets to both send and receive and cold store the same. It’s mind wobbling to see how it’s not all anonymous or even pseudo anonymous.

Someone should tell them how to use wasabi wallet and coinjoin and as well as chipmixer for mixing those donations and pay a minimal fee which isn't really that much.

They don't have to send it immediately it to the centralized exchanges, they would really be tracked by those people assigned to traced those donations.

But the problem is if they're about to encash it, they should do better than what they did and ask a help to a reliable person that's not associated with the protest.

People tend to think it mattes since they are "USA" based.

Just about every country in the world has rules for businesses that deal with their citizens. You move fiat money or BTC or any thing else you have to deal with regulations.
If at any time you want to convert to cash you are probably going to have to deal with a local bank in that country. If say Coinbase said, "nope not going to do what you want" the Canadian government probably would then just go to the Canadian banks and stop them from dealing with Coinbase.  That just hurts other users.

There were more then enough ways to get around it. But if they did that then the people who were "helping" the truckers would not get all this free PR and not get to keep 75% of the donations to line their own pockets.

-Dave

all centralized exchanges will be forced to  freeze accounts if authorities demand, and crypto.com is no exception. look at what kraken ceo said few days ago



however, those protestors could just use a mixer. the funds would become clean and they would use it in any exchange