Re:Jack Dorsey’s $2.9M NFT dropped 99% in value
by miracle2k on Monday April 18, 2022 @11:59AM
(#31072474)
> But we have seen time and time again that that isn't true, and if a government wants to freeze your crypto assets, they can do so easily.
We have seen no such thing. The claim is not that the government can't put your wallet on a blacklist in an attempt to ban local companies from serving you. Nor is the claim that the government can't come to your home and arrest you, nor that they can't have your server taken down where you store your private keys.
These things happen, but it is unreasonable to ask cryptocurrencies to protect you from real world violence, anymore than encryption is useless because someone can use a hammer.
We have seen no such thing. The claim is not that the government can't put your wallet on a blacklist in an attempt to ban local companies from serving you. Nor is the claim that the government can't come to your home and arrest you, nor that they can't have your server taken down where you store your private keys.
These things happen, but it is unreasonable to ask cryptocurrencies to protect you from real world violence, anymore than encryption is useless because someone can use a hammer.