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Re:Turkey Bans Cryptocurrency Payments by fakedang on Monday April 19, 2021 @10:17AM (#26862993)
My point was that there's nothing stopping the government (or anyone with guns really) from seizing your crypto assets. With fiat currency, it's a given circumstance. With crypto, it's a false selling point. Not to mention how laughable it is how much centralized crypto has become over the past decade.
Re:Turkey Bans Cryptocurrency Payments by dsyrk on Tuesday April 20, 2021 @08:38AM (#26873752)
The largest and most sophisticated holders of crypto assets would be using multi signature wallets with a protocol between multiple private and secure participants. How does a gun allow you to seize private keys? We are back to they can threaten to kill you? But there is a problem, if they do they lose the keys also. Guns and weapons are massively less effective against crypto assets in comparison to traditional assets. If one owns a factory and doesn’t pay taxes, those guns work very well in comparison.