[–] Blood-is-Nature ago (edited ago)
Currency = flowstate = energy in motion. What defines value of all within motion? Ones conscious perception of all, so the value of all is defined by ones existence. Ignorance of that created the opportunity for (((others))) to offer you a substitute value, using many different false currencies, which all have one thing in common...they are controlled by (((others))) . Cryptocurrencies are defined by the technological infrastructure that runs them, which is owned by the same parasite who consolidated every other value into their illegitimate ownership with the false currency called "money".
In short...the only real currency is reality (energy in motion), and the only real value within is the temporary existence of ONE...you. That is what they're devaluing by tricking you to consent to substitute currencies; creating substitute values. Consent to money equals devaluation of self.
It has been subject to confiscation as in the latest $1 billion seizure.
Cash can and has been subject to confiscation. It's called "civil asset forfeiture".
The company reported 69,369 bitcoins — worth about $1 billion — had been moved out of a bitcoin wallet, which had the fourth-highest balance of any in the world.
That's a lot of eggs in one basket. It's bizarre to have them all stored in the same wallet. Cryptocurrency exchanges (or at least the legit ones) don't do this because of the risk.
You will find countries outlawing cryptocurrencies and then in the final straw
You can make the same argument for anything. Gold has been outlawed in the past. I have little doubt that if Biden were elected, his administration would be happy to push to outlaw cash (narrative: "because omg coin shortage and covid!").
They can do whatever they like. The court held being paid in dollars rather than gold was no loss.
Cryptocurrencies aren't all powerful. They can't magically stop a government from acting tyrannically. I think China banned Bitcoin years ago. What cryptocurrencies can do is continue to function independent of government.
The U.S. government seized
It's worth noting that "seized" in this instance is not the same as when money from a bank account is seized (such as by a court order). The government agents came into possession of the private key (which generally only the wallet owner has a copy of).
As I have stressed, Bitcoin is an extremely trackable method of exchange.
It's the first cryptocurrency ever created. Some others (such as Monero) that have been developed since then have transaction secrecy built in.
[–] realneil 0 points 1 point 1 point (+1|-0) ago
The technology is advancing rapidily. There are already privacy coins such as Monero that offer us the equivalent of digital cash. As Governments strive for more control over us, more of us will rebel. In a switch away from money, we will unleash trillions of dollars. Digital currencies will never be able to provide the security that a properly decentralised, securely built (looking at Cardano here) cryptocurrency offers.
Any bank or Government that wants to try digital currency would be building the biggest target for hackers ever, including State based hackers
[–] ssgrader ago
real money in your hand is what you want.. that way you control it.