I don't think this will happen without a law explicitly declaring or legally branding cryptocurrencies as illegal. What they can only do so far is to seize those who are linked to illegal transactions or platforms. Other than those, I don't think they are in the right position to confiscate all crypto assets.
Now, there seems to be initiatives of certain legislators who are anti-cryptocurrency to somehow demonize the technology. If they are successful, it could indeed be possible for the government to order crypto owners to voluntarily surrender their crypto assets or else they will seize them forcibly. But I don't think this will scare majority of the believers. This will only push them to go underground with their crypto assets.
Topic: What if they tried it - page 4. (Read 685 times)
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They can make laws according to what they find suitable and you can't argue over it.They can pass law restricting the usage of crypto assets so you won't be able to trade or use it freely but yes if you have followed the security and privacy concerns they might not able to track your records of whether you hold it or not but then also you need external access to utilise your funds.The US gold seize is well known but it was for gold bonds I think as they were issued by them but still people's money was used so they had full control over financial assets which is why it's advised to not be under radar.
Governments can do what they want because they have resources that we don't know about. Maybe they can track our use of crypto assets and we just don't know how they can do it. But I can't imagine if governments around the world implemented that, maybe massive revolutions would happen in all countries. From now on, we must be careful in using crypto assets because things are slowly changing and not the same as a few years before because the government has started following crypto quietly. 
Well in the case of our country, we don't really need to hide our crypto since most of our wallet providers here requires KYC so we could not escape the eyes of the government, aside from that we have limits in verification and also some of our custodial wallets ask us where our source of funds came from. That aside, if you have hard wallet then you can freely do transactions externally, but if one slight mistake you will transfer an amount (big enough) in your custodial wallet, you will have to clarify where that source came from and if you are deemed to be doing external transactions then you will be subjected to laundering I believe. Even if we complain that's mostly the cases here since we could also not exchange our crypto to fiat without declaring anything, and it's not as if, someday we are going to buy a tangible asset using crypto without them monitoring our income and transactions. So still we are the ones needing the government for those fiats.
Bro, you're asking the million-dollar question about the government nabbing our sweet, sweet crypto! As a pro in the biz, I can tell ya that Uncle Sam would have one heck of a time trying to snatch your digital goodies. The thing about crypto is that it's all decentralized and hanging out on a blockchain, so there's no bigwig or institution calling the shots.
Now, I can hear your gears turning. "Hold up, can't the government just pull the plug on the internet and snag all the crypto that way?" Sure, an internet apocalypse would make everyone go bananas, but it's not really a doable plan for grabbing all those digital assets.
No joke, if they tried, we'd probably see some serious revolution action, just like you mentioned. Crypto's got that magic touch, giving folks the power to steer their own financial ship and offering a freedom that old-school money systems just can't touch.
Now, I can hear your gears turning. "Hold up, can't the government just pull the plug on the internet and snag all the crypto that way?" Sure, an internet apocalypse would make everyone go bananas, but it's not really a doable plan for grabbing all those digital assets.
No joke, if they tried, we'd probably see some serious revolution action, just like you mentioned. Crypto's got that magic touch, giving folks the power to steer their own financial ship and offering a freedom that old-school money systems just can't touch.
It would be interesting to see how a government could even attempt to seize crypto assets. Would they send the army to hack into our wallets? And what about decentralized exchanges? They would have to seize the entire internet.
That is the reason why cryptocurrency especially Bitcoin was created. Because that is the best idea how to prevent them from being stopped by the government. While Wikileaks was still operating, there was a financial blockade on the WikiLeaks account. The government caused that.Quote from: GazetaBitcoin
After US govern initiated a financial blockade over WikiLeaks' accounts, Julian realized the potential of Bitcoin and intended to accept the new cryptocurrency as a form for donations. The idea put BitcoinTalk on flame at that time:
I think it's better to start reading the story of Julian's life now, and how he became connected to Bitcoin.
Source:The call for Julian Assange || The WikiLeaks Manifesto - We all should read it
They can make laws according to what they find suitable and you can't argue over it.They can pass law restricting the usage of crypto assets so you won't be able to trade or use it freely but yes if you have followed the security and privacy concerns they might not able to track your records of whether you hold it or not but then also you need external access to utilise your funds.The US gold seize is well known but it was for gold bonds I think as they were issued by them but still people's money was used so they had full control over financial assets which is why it's advised to not be under radar.
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....
The governments cannot confiscate something, which they consider to be worthless(at least most of the governments).
Good luck trying to find and confiscate all the cold wallets, which can be hidden basically everywhere.
A crypto mining and trading ban would be way more efficient than trying to seize all cryptocurrencies. Maybe an attempt at confiscating all mining hardware and banning mining hardware completely would hit the cryptocurrency world in a vicious way.
The governments are capable of doing really dumb stuff. Their stupidity has no limits.
First of all they can't, I agree with that like others. But the main question in my mind is that, why would they? Like why would they even want to do something like that. They are not morons, they are aware that they can't do something like that, which means that there is a chance we could see them not do as well as people can imagine and that is why they won't be able to even if they tried and they are aware of it.
What is the maximum they can do? They could ask the exchanges in their own nations to stop withdrawals and send them all the crypto or they will put everyone in jail at that exchange, right? Even with that, I am sure they won't get it all, they would get some, but not all, and that is why they won't do it.
What is the maximum they can do? They could ask the exchanges in their own nations to stop withdrawals and send them all the crypto or they will put everyone in jail at that exchange, right? Even with that, I am sure they won't get it all, they would get some, but not all, and that is why they won't do it.
It would be interesting to see how a government could even attempt to seize crypto assets. Would they send the army to hack into our wallets? And what about decentralized exchanges? They would have to seize the entire internet.
How will they do it? I mean I'm thinking of possible ways for them to seize our Bitcoins, but I can't think of any.
This is also the reason why many people here doesn't recommend storing your Bitcoins into some centralized exchanges because the government can just file a lawsuit against them, and then when they become successful, they will seize the Bitcoins like what they did to Chipmixer.
How realistic is this to happen? I don't think it will happen, but they are capable of doing it just by passing some laws. Overall, this is the reason why I always wanted to put it on a wallet that I have a full control of it. I think it's a good thing that there are countries that aren't doing this kind of thing. I mean there are some countries out there who are either crypto-friendly, or just a neutral, doesn't say anything with regards to crypto, and just letting their people use it.
This is also the reason why many people here doesn't recommend storing your Bitcoins into some centralized exchanges because the government can just file a lawsuit against them, and then when they become successful, they will seize the Bitcoins like what they did to Chipmixer.
How realistic is this to happen? I don't think it will happen, but they are capable of doing it just by passing some laws. Overall, this is the reason why I always wanted to put it on a wallet that I have a full control of it. I think it's a good thing that there are countries that aren't doing this kind of thing. I mean there are some countries out there who are either crypto-friendly, or just a neutral, doesn't say anything with regards to crypto, and just letting their people use 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.
I really want to live on that country, I don't know why until today still have government think like that, and thinks if can be seized something goods (ghost) with they can't touch. I think, if I live on that country I will be an official, keep all things being stupid, and I will continue to fool my people. If someday my people owns a bitcoin, I will order them to save his Bitcoin on the country bank so easy to control. 
They can't do that because bitcoin is not like gold, bitcoin is not in a physical state, and if you store it in a non-custodial wallet, your bitcoins are almost safe. Unless you hold your bitcoins in custodial wallets and exchanges, they will easily confiscate them. That's a negative hypothesis, I don't think things will work out that way, but instead, I think they will find a way to regulate and tax us. That's what it's going on, the crackdowns from the SEC and the CFTC prove that they are trying to control and tax us.
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....
Oh my, the U.S country even when they really want to manipulate everything even though it's impossible to find a way even if they can't do it like Bitcoin.
That's why they can only control those that are regulated but not bitcoin or under decentralized crypto. Maybe they are doing that because the U.S. is already deep in debt.
what answer do you want us to bring mate? when it is obvious that nothing we can do if this is already a Law to implement?
though like what you said this is a hard to act yet possibilities is there and I know that we can only expect this not to happen but of course things may go sideways.
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But once this happens? I will not resist but of course will do everything to try preventing them to take all , meaning hope that before they do? I already have Idea and will convert all my crypto to Fiat.
though like what everyone do now , the offline wallet cannot be seized unless we are lazy having one.
though like what you said this is a hard to act yet possibilities is there and I know that we can only expect this not to happen but of course things may go sideways.
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But once this happens? I will not resist but of course will do everything to try preventing them to take all , meaning hope that before they do? I already have Idea and will convert all my crypto to Fiat.
though like what everyone do now , the offline wallet cannot be seized unless we are lazy having one.
That's difficult. I mean, how will they do it? It is not the same with gold in that they can see it physically, and they only got the gold that was known to be huge that they'd found. In crypto, for sure, it would be difficult because they couldn't just go to your house and get your crypto; they didn't have the key to access it. So it is impossible to do it.
If that happens, I think this is a big disaster.
but i think if
the government does that, is there any advantage for the government? and can the government sell crypto from the loot?
because in my opinion if the community's crypto is confiscated by the government, then who will dare to buy crypto from the government because the government prohibits its people from buying and selling crypto.
because what I know is the profit from investing in crypto is because there is a buying and selling exchange. So if people's crypto is confiscated and people are prohibited from holding crypto then who will buy crypto from the government.
so in my opinion if this happens the government will not get any profit, from the crypto that is stolen from the community.
but i think if
the government does that, is there any advantage for the government? and can the government sell crypto from the loot?
because in my opinion if the community's crypto is confiscated by the government, then who will dare to buy crypto from the government because the government prohibits its people from buying and selling crypto.
because what I know is the profit from investing in crypto is because there is a buying and selling exchange. So if people's crypto is confiscated and people are prohibited from holding crypto then who will buy crypto from the government.
so in my opinion if this happens the government will not get any profit, from the crypto that is stolen from the community.
That wouldn't be possible. I keep my Bitcoin in OWNR wallet, how could you take it away from me? I can just delete my app and keep my seed phrase somewhere safe, and no one would be able to prove that I even had any crypto. But that would be harder if you keep your crypto on an exchange or in the wallet if you did proceed with the KYC.
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The beauty of bitcoin is that you, only you can control them if you store them on a hard wallet or non-custodial wallet. So keep your assets where you can control them.
This must be on the mind of most people. That's why a lot of people are encouraging people to withdraw their Bitcoins from the exchanges and store them in their personal wallets where they are the only ones who can control them. As what famous quote says: "Not your keys, not your coins".The beauty of bitcoin is that you, only you can control them if you store them on a hard wallet or non-custodial wallet. So keep your assets where you can control them.
. I agree with what you said, I believe that exchanges are like banks for crypto, which means it's not safe to put your assets in them. There's always a risk of closure, hacking, or even seizure of all your crypto assets. It would be much better to withdraw your assets and store them in your personal wallets. This way, you'll have full responsibility for your assets, and you'd be your own bank. 
(....)
The beauty of bitcoin is that you, only you can control them if you store them on a hard wallet or non-custodial wallet. So keep your assets where you can control them.
This must be on the mind of most people. That's why a lot of people are encouraging people to withdraw their Bitcoins from the exchanges and store them in their personal wallets where they are the only ones who can control them. As what famous quote says: "Not your keys, not your coins".The beauty of bitcoin is that you, only you can control them if you store them on a hard wallet or non-custodial wallet. So keep your assets where you can control them.
People who keep their crypto in exchange and online wallets will lose their assets and the government can control their accounts or can seize them if they want. So that is why you don't store your crypto currency and bitcoin in an online wallet or exchange.
Well, this might happen if the government implements a law that will allow them to cease the cryptocurrency holdings of their constituents. Leaving our cryptocurrency on exchanges made our fund vulnerable to government control, so it is really advised that we hold our cryptocurrency in our own wallet so that if case like this occur, our fund is safe in our hands.
The beauty of bitcoin is that you, only you can control them if you store them on a hard wallet or non-custodial wallet. So keep your assets where you can control them.
True that, with Bitcoin and its feature being pseudo-anonymous enable us to have an option to hide our holdings from the government as long as we do not link our wallet addresses to our identity through centralized services.
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