Re:The Non-Innovation of Cryptocurrency
by lottin on Friday July 09, 2021 @09:19AM
(#27783370)
This isn't an example of a blockchain asset being seized by a court order, no matter how hard you try to twist it.
You said that a "court can always compel a person to give out their keys under the threat of force". All you have to do, in order to prove your point, is find half a dozen instances in the entire world of a courts that have compelled a person to give out their keys. Then we'll know that you're right, and that blockchain security is a sham.
Until then, and given the complete lack of evidence that this is happening on a regular basis, we have to assume that blockchain assets can't be seized, under normal circumstances, by courts, with the same ease and effectiveness that other assets can be seized with.
You said that a "court can always compel a person to give out their keys under the threat of force". All you have to do, in order to prove your point, is find half a dozen instances in the entire world of a courts that have compelled a person to give out their keys. Then we'll know that you're right, and that blockchain security is a sham.
Until then, and given the complete lack of evidence that this is happening on a regular basis, we have to assume that blockchain assets can't be seized, under normal circumstances, by courts, with the same ease and effectiveness that other assets can be seized with.