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A comment on Why Bitcoin is worse than a Madoff-style Ponzi scheme. Parent comment

Re:Why Bitcoin is worse than a Madoff-style Ponzi scheme by CryptoPunk on Wednesday December 22, 2021 @08:44AM (#29649169)
A person can hide the fact that they have a wallet. Confiscating information, that can be stored as a secret passphrase in your brain, is extremely difficult.
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Re:Why Bitcoin is worse than a Madoff-style Ponzi scheme by meragrin_ on Wednesday December 22, 2021 @08:47AM (#29649209)
> Confiscating information, that can be stored as a secret passphrase in your brain, is extremely difficult.

>> If they can be recreated, the person can be monitored to determine how to recreate the wallet and then be drained.

Being unable to use the Bitcoin is the same as confiscating it.

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Re:Why Bitcoin is worse than a Madoff-style Ponzi scheme by CryptoPunk on Wednesday December 22, 2021 @11:37AM (#29651591)
Being unable to use it, when you have access to encrypted communication, not to mention other countries where it is legal?
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Re:Why Bitcoin is worse than a Madoff-style Ponzi scheme by yesbut on Wednesday December 22, 2021 @08:48AM (#29649226)
the CIA figured out how to extract passphrases from people's brains decades ago.
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Re:Why Bitcoin is worse than a Madoff-style Ponzi scheme by CryptoPunk on Wednesday December 22, 2021 @11:37AM (#29651594)
The government is going to start torturing thousands upon thousands of citizens to find out if they have secret passphrases?
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Re:Why Bitcoin is worse than a Madoff-style Ponzi scheme by yesbut on Wednesday December 22, 2021 @04:56PM (#29655938)
Aren't we already being tortured?
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Re:Why Bitcoin is worse than a Madoff-style Ponzi scheme by CryptoPunk on Wednesday December 22, 2021 @09:05PM (#29657862)
How are we being tortured?
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