Topic: What if they tried it - page 5. (Read 750 times)

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....

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.

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.

The US government doesn't need to take away your crypto assets, because it can make you run to hand over cryptocurrencies yourself. This is done very simply: it is enough to pass a law that for the storage or use of crypto huge prison terms are introduced.

They may not find you, but you won’t be able to use crypto either, because everyone around you will also be afraid to do it. Then what's the point of crypto assets?

This is the worst scenario, but most likely, governments will take the path of levying taxes on transactions with cryptocurrencies. That is, one way or another, this area will be regulated. The question to what extent remains relevant.

The good news is that regulation in different countries will proceed at different speeds, which means that there will always be the possibility of moving to a place where conditions are more loyal to crypto. I assume that there will be countries friendly to cryptocurrencies, which means that if the US government decides to take away your crypto, then it will be enough to leave this country.

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 don't know if you have the current source, because that's not new news, on the other hand there will always be a satoshi for the people, (maybe forever!)

Then, you using the adjective, phrases, words: seize + US government + private property, it is tabloid news and add you "What if the governments across the world attempted to seize all of your crypto assets," come on!
It's "straw," You are creating fake opinion matrices in the possibility of..."guess".

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.

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....

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.

This is the worst scenario, but most likely, governments will take the path of levying taxes on transactions with cryptocurrencies. That is, one way or another, this area will be regulated. The question to what extent remains relevant.

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....

The US government doesn't need to take away your crypto assets, because it can make you run to hand over cryptocurrencies yourself. This is done very simply: it is enough to pass a law that for the storage or use of crypto huge prison terms are introduced.

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.

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....

Let's not forget that there is a difference between gold which only exists in physical form and occupies space so it can be found (if they search you) and confiscated physically and bitcoin that only exists in digital form and doesn't occupy any space so it can be hidden very easily and can not be found or confiscated that easily.

By the way the biggest risk in modern dictatorships (aka democracies) is not them kicking down your door and taking your bitcoin by force. It is not even about taking your bitcoins. It is always in a much "softer" way where they convince you to use bitcoin in a "centralized way" so that they can have full control over you (ie. have a leash around your neck while you have the illusion of freedom).

For example when you want to invest in bitcoin, they convince you to invest in a company that promises to buy bitcoin in your place and in return gives you a piece of worthless paper as a contract or something similar.
Or when you want to store bitcoin they convince you to use a custodial wallet where you don't even have access to your keys or your own coins and in return they give you an account.
Or when you want to accept payments they convince you to use a payment processor that monitors and controls all your payments and financial transactions.
And a lot more.

As you can see some of the points I raised above are too familiar because they are already happening!!!