Ever hear of a VPN, Tor, or BitTorrent? How's the war on movie piracy going?
Ever heard of cash?
Yeah, I've also heard of civil forfeiture where the police take your money without cause or ability for remediation.
I've heard of authoritarian governments who scan your face and keep your social credit score, and will prevent you from making transactions and opening accounts, making your life much more difficult.
I've heard of a house fire, and cash burns pretty easily if I recall, even if its the new stuff made of plastic polymers.
I've heard of counterfeit bills too.
The FBI, or any government entity, cannot seize Bitcoin from an address otherwise. To do so would demonstrate the ability to break the encryption underpinning Bitcoin's opensource key creation protocol.
Put another way: there's a billion dollars sitting at addresses right now for you to steal. If you can crack the keys, go steal that money and make it public. That would destroy Bitcoin quickly. The open market bet is that you (or anyone else) can't.
You mean the kind of information governments readily have access to?
> Yes, its almost as if you need to take steps and precautions to ensure that your government cannot track you down. You know where its even easier to trace your transactions and freeze your assets? Your bank account.
Ever heard of cash?