What is that supposed to mean? Blockchain isn't encrypted. It's secured with cryptographic hashes of course.
>and this delivers a store of value which cannot be seized.
Make sure to watch what happens when/if the US government and China have both decided it is a problem worth much attention.
Police can absolutely seize the physical artifacts on which your wallet resides. And if that storage is encrypted, consider https://www.xkcd.com/538/ - You may not be able to seize the bitcoins, but you can absolutely seize the person owning them.
They have to find it first, which can be easy or difficult, depending on how motivated you are to make it difficult. You can quite easily make it more difficult than it is for them to walk into a bank and say “freeze this account”.
A US judge ordering a person to turn over their BTC wallet would be check.
Certainly the police seize property citing dubious reasons, but are there examples of judges seizing financial assets without legal authority to do so?
Police can use civil forfeiture to seize property; but can't use civil forfeiture laws to compel you to give up your gmail password. That requires a court order/warrant. Hence the original comment about a judge could compel you into turning over your BTC Wallet.
Whether the reason is valid or not doesn’t matter much to the target of such an order. They still lose access to their funds. People who care about that possibility may want to take steps to make it more difficult for someone to do this to them. That’s all I was saying.
Defying the courts authority is Contempt of Court. If you fail to comply with a judges order, that can lead to incarceration. Continue to defy, can lead to criminal incarceration.
And it seems like anytime it's challenged or perceived as threatened it's almost a copy paste of the exact same content as above completely ignoring the original poster's comments.
Crypto or distributed banking may be a useful concept, but Bitcoin is horrible to the world. Energy is one of the single most important and fundamental resources. To get really theoretical this hold from the cellular level all the way up to societal. We are burning and trashing a significant portuon of society's energy to run a simplistic financial network. And this percentage will only grow, and it's built into the system that it must be wasted.
Bitcoin is our first planet level grey goo, and we're somehow still arguing about it. 30% of our planet's energy cannot go to running a simple financial network, it's ludicrous.
Other than governments stepping in and banning it, what will prevent that?