Topic: What if they tried it - page 2. (Read 685 times)
Cryptocurrencies are based on blockchain technology, which makes them resistant to censorship and control by any authority. So without access to those keys, it would be very difficult for governments to directly seize crypto assets. While governments may impose restrictions or regulations on the use of cryptocurrencies, such as restricting exchanges or enforcing reporting requirements, the actual seizure of assets will require compliance. action from individuals or the use of force. The latter option would likely be very impractical and potentially cause strong resistance. So they had difficulty gaining ownership of personal properties without the cooperation of the owners.
Only a foolish country will never do the adoption.
Please pardon my emojies but I couldn't help it since it best describe how I feel writing on this because my country and its government has been one of the greatest fighters of cryptocurrencies and bitcoin and mkat times it seems the government are so scared of the youth advancement and as such they are scared of making free any opportunities that seems to make the youths of its country independent and I believe you already know that's a typical foolish act.
I'm not trying to paint my country wrong but the truth must be told with hopes of a better country but for now, my government has been strongly against cryptocurrency.
If he says countries that don't adopt bitcoin are stupid. Not only your country but almost all the countries of the world are stupid because there are very few countries that accept bitcoin as adoption, only a few accept it. China is a good example of banning bitcoin, and I don't think they are a stupid country because they are the 2nd largest economy in the world. But the government is not afraid of the advancement of technology or the youth, what they do not want is that progress is not out of their control. They always want to control everything to ensure their power is not affected or lost.
Don't know where those thinking came from since putting restrictions on bitcoin is not really a stupid idea by the government. They might be just concern about the welfare of their citizens since this is new to them.
Maybe for now they didn't see bitcoin as good alternative currency for them but once this technology evolves and to many good things happen then they see big advantage for using this for sure those country who restrict bitcoin will adopt and use it regularly.
I don't think they'll need a currency like bitcoin because they can't control it, but if they accept it in the future, it's most likely for the money. But what they are still aiming for is the huge tax they can collect from investors like us. Look at the countries that have accepted bitcoin, all of them have very high taxes, even the US had intended to impose a 30% tax on cryptocurrencies, but thankfully, that did not pass.
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....
If it is something so easy for government to put a stop or seize cryptocurrency they would have done it longtime ago. The highest the government can do is to regulate how cryptocurrency can be used, and if this should be done it won't take much effect to crypto users, their would still be away people will still make use of cryptocurrency. Since cryptocurrency is not controlled by the government it is impossible for crypto assets to be seized. 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....
I have another question, what do they confiscate cryptocurrencies for? Cryptocurrencies are not yet comparable to gold, gold is much more valuable, so comparing crypto to gold in this case is a bit lame. The entire crypto market cap is only one-tenth that of gold, and its growth is being held back by the government by simple lawsuits. So the hypothesis that the government will confiscate the cryptocurrency is not viable and can never happen.
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....
If it is something so easy for government to put a stop or seize cryptocurrency they would have done it longtime ago. The highest the government can do is to regulate how cryptocurrency can be used, and if this should be done it won't take much effect to crypto users, their would still be away people will still make use of cryptocurrency. Since cryptocurrency is not controlled by the government it is impossible for crypto assets to be seized. 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....
Only a foolish country will never do the adoption.
Please pardon my emojies but I couldn't help it since it best describe how I feel writing on this because my country and its government has been one of the greatest fighters of cryptocurrencies and bitcoin and mkat times it seems the government are so scared of the youth advancement and as such they are scared of making free any opportunities that seems to make the youths of its country independent and I believe you already know that's a typical foolish act.
I'm not trying to paint my country wrong but the truth must be told with hopes of a better country but for now, my government has been strongly against cryptocurrency.
If he says countries that don't adopt bitcoin are stupid. Not only your country but almost all the countries of the world are stupid because there are very few countries that accept bitcoin as adoption, only a few accept it. China is a good example of banning bitcoin, and I don't think they are a stupid country because they are the 2nd largest economy in the world. But the government is not afraid of the advancement of technology or the youth, what they do not want is that progress is not out of their control. They always want to control everything to ensure their power is not affected or lost.
Don't know where those thinking came from since putting restrictions on bitcoin is not really a stupid idea by the government. They might be just concern about the welfare of their citizens since this is new to them.
Maybe for now they didn't see bitcoin as good alternative currency for them but once this technology evolves and to many good things happen then they see big advantage for using this for sure those country who restrict bitcoin will adopt and use it regularly.
Only a foolish country will never do the adoption.
Please pardon my emojies but I couldn't help it since it best describe how I feel writing on this because my country and its government has been one of the greatest fighters of cryptocurrencies and bitcoin and mkat times it seems the government are so scared of the youth advancement and as such they are scared of making free any opportunities that seems to make the youths of its country independent and I believe you already know that's a typical foolish act.
I'm not trying to paint my country wrong but the truth must be told with hopes of a better country but for now, my government has been strongly against cryptocurrency.
If he says countries that don't adopt bitcoin are stupid. Not only your country but almost all the countries of the world are stupid because there are very few countries that accept bitcoin as adoption, only a few accept it. China is a good example of banning bitcoin, and I don't think they are a stupid country because they are the 2nd largest economy in the world. But the government is not afraid of the advancement of technology or the youth, what they do not want is that progress is not out of their control. They always want to control everything to ensure their power is not affected or lost.
They are not stupid; they are just scared of things that they can control more over, like money, and we know that the government wants to earn more money, like taxes. The more you earn, the more you pay taxes. Even the poor ones are still paying taxes from their salaries, which I know is for the development of the country, but again, there are a ton of corrupt officials that are just getting your money. Bitcoin is that they can't control it and can't easily track who holds huge amounts of it. That is why they banned it for now so that they could find a way to track those people and be able to tax you as well.
Only a foolish country will never do the adoption.
Please pardon my emojies but I couldn't help it since it best describe how I feel writing on this because my country and its government has been one of the greatest fighters of cryptocurrencies and bitcoin and mkat times it seems the government are so scared of the youth advancement and as such they are scared of making free any opportunities that seems to make the youths of its country independent and I believe you already know that's a typical foolish act.
I'm not trying to paint my country wrong but the truth must be told with hopes of a better country but for now, my government has been strongly against cryptocurrency.
If he says countries that don't adopt bitcoin are stupid. Not only your country but almost all the countries of the world are stupid because there are very few countries that accept bitcoin as adoption, only a few accept it. China is a good example of banning bitcoin, and I don't think they are a stupid country because they are the 2nd largest economy in the world. But the government is not afraid of the advancement of technology or the youth, what they do not want is that progress is not out of their control. They always want to control everything to ensure their power is not affected or lost.
Only a foolish country will never do the adoption.
Please pardon my emojies but I couldn't help it since it best describe how I feel writing on this because my country and its government has been one of the greatest fighters of cryptocurrencies and bitcoin and mkat times it seems the government are so scared of the youth advancement and as such they are scared of making free any opportunities that seems to make the youths of its country independent and I believe you already know that's a typical foolish act.
I'm not trying to paint my country wrong but the truth must be told with hopes of a better country but for now, my government has been strongly against cryptocurrency.
Bitcoin differs from gold in that it cannot be easily seized by the government. Seizure by the government is only possible if you are utilizing a custodial wallet through a wallet authority. However, if you have been using a non-custodial wallet, your cryptocurrency cannot be seized. This is because cryptocurrencies are decentralized, and the government lacks control over them.
Decentralized nature of bitcoin makes it immune to centralized authorities to meddle into its wallet. I've come to appreciate and trust the concept of non custodial wallets in bitcoin, because it puts the holder in total control. So if any government decides to confiscate funds in any centralized exchange, bitcoin will not be affected. From my observation on this topic, members unanimously agrees to this fact.
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....
There's still no revolution because government couldn't be completely be able to do such thing 100%.Yes, they do have the power and the rights on how they would really be imposing those shitty laws and regulationsI 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....
and trying out to control out everything and even touching up other sectors or areas on which arent supposed to be touched.In speaking about crypto space on trying out to get rid? US isnt the only one whose been
trying but also in other countries as well. Did they succeed? No they havent. They might really be that able to touch up those centralized platforms but they cant really be able to ban everything.
They could impose any laws and regulations against crypto all they want but stopping out completely about the transactions been made is impossible.
There's no way on doing so because its totally decentralized and having no control. They've been trying to get a good hold of crypto for long time now but it seems they do continue to fail
and this is why they do really ends up with this kind of option which it isnt really that shocking.
I have never thought about the consequence of such action. Criminalizing cryptocurrencies will instantly make investors in the sector fugitives because people will start hiding from law enforcement agencies. In my country because of the restriction placed on banks from transacting in cryptocurrencies, the police sometimes harass crypto holders. I am just thinking of the intimidation and arrest we might face if it is criminalized.
Sometimes I hear when people say you can easily move from one country to another if the government becomes unfriendly to Bitcoin and others. This will be possible for only rich crypto holders and people from developed nations that can enter different countries with their passports. Bitcoiners from developing nations will have no option but to sell off their investment because their passport will not grant them entry into any country that has a stable and strong economy.
In such a situation, El Salvador will experience high influx of crypto enthusiast from different parts of the world because they are the most crypto friendly country we have so far where you can go live full time crypto with no restrictions. 
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....
Can you just stop imagining for once and come back to reality?🤣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....
Well firstly bitcoin is a decentralized digital asset and as such , no singular person has control over it and along as you don't give access to your possessions to anyone else, then you're truly in control of all the shits in there.
I don't see how possible the government can seize the bitcoin possessions of its citizens not in this century man, we're in 21st century 🙄
They would dare and the worst they can do is impose some silly restrictions which they did and never worked for them and now I think they are secretly buying bitcoin to boast its economy and some countries are already adopting it nation wide.
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....
Can you just stop imagining for once and come back to reality?🤣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....
Well firstly bitcoin is a decentralized digital asset and as such , no singular person has control over it and as long as you don't give access to your possessions to anyone else, then you're truly in control of all the shits in there.
I don't see how possible the government can seize the bitcoin possessions of its citizens not in this century man, we're in 21st century 🙄
They wouldn't dare and the worst they can do is impose some silly restrictions which they did and never worked for them and now I think they are secretly buying bitcoin to boast its economy and some countries are already adopting it nation wide.
The basic characteristic of cryptocurrencies is decentralization, which means they are not controlled by any organization or government. This decentralization is an important aspect that attracts many individuals to cryptocurrencies due to their financial autonomy and lack of centralized control. While it is true that if individuals kept their crypto assets in CEX wallets, it would be more difficult for any government to capture or control those assets, As long as users maintain control over their private keys, they have the ability to independently access and manage their crypto holdings. Governments may therefore attempt to pass laws or enact regulations that may affect the use and exchange of cryptocurrencies within their jurisdiction. So the future of cryptocurrencies and their relationship with governments is indeed troubled.
How to start and work in the crypto currency It's not that easy that's why they switch to only putting pressure on most of the owners of the companies that own some of the top crypto currencies out there. that's the least they can do and they are not ceasing to make some adjustments and updates in the future to have total control of it. at the time of transaction and the government gave the force to do the job .
Bitcoin differs from gold in that it cannot be easily seized by the government. Seizure by the government is only possible if you are utilizing a custodial wallet through a wallet authority. However, if you have been using a non-custodial wallet, your cryptocurrency cannot be seized. This is because cryptocurrencies are decentralized, and the government lacks control over them.
And seized is also possible when users store their assets on a centralized exchange, such as BinanceUS.Of course it is a risk that must be avoided by all crypto asset owners who have long term investment plans. I think traders are still safe temporarily keeping their assets on the exchange while they trade, but when they are done withdrawing to a non-custodial wallet is best.
A limited number of reputable and centralized exchanges are still safe to use as temporary storage, but if they wish to hold on for a longer period of time then a non-custodial wallet is much more advisable.
The SEC is constantly moving to proceed with its plan as tweeted by BinanceUS: https://twitter.com/BinanceUS/status/1666203325543374856?s=20
Bitcoin differs from gold in that it cannot be easily seized by the government. Seizure by the government is only possible if you are utilizing a custodial wallet through a wallet authority. However, if you have been using a non-custodial wallet, your cryptocurrency cannot be seized. This is because cryptocurrencies are decentralized, and the government lacks control over them.
Well, they won't kill crypto cos they can't, but they can stop mass adoption and at least slow it down.
It would be bad for most of the people and it will be hard to work with crypto without getting in the way of the government.
But I think it's not gonna happen. It's really hard to fight bitcoin at this point because it become too big to do it. And there are also a lot of people who support it.
Well, they won't kill crypto cos they can't, but they can stop mass adoption and at least slow it down. It would be bad for most of the people and it will be hard to work with crypto without getting in the way of the government. But I think it's not gonna happen. It's really hard to fight bitcoin at this point because it become too big to do it. And there are also a lot of people who support it.
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....
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....
They could have done that already once they realized that they cannot have full control of the crypto industry because of their lack of knowledge on how to do it. It's not that easy that's why they switch to only putting pressure on most of the owners of the companies that own some of the top cryptocurrencies out there. that's the least they can do and they are not ceasing to make some adjustments and updates in the future to have total control of it. we see that the exchanges keep changing their rules because of how the government pressures them to do so.
If The government trying to seize all crypto assets would be a big challenge. People and the crypto community would resist, causing social and economic issues. Cryptocurrencies are decentralized and widely used, making it hard for a government to seize everything. There are laws protecting property rights, so any attempt to violate them would face legal challenges. What we should be concerned about here, We should stay informed and fight for individual property rights to support the growth and acceptance of cryptocurrencies.
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