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Re:Bitcoin falls under $16,000 by skellera on Wednesday November 09, 2022 @07:02PM (#33540100)
Bitcoin is constantly confiscated by the US government. Can you clarify what you mean?
Re:Bitcoin falls under $16,000 by mughinn on Wednesday November 09, 2022 @07:21PM (#33540331)
I guess he mostly means as a way to get around currency controls. Obviously if the government comes with the police you can be confiscated

But for example, Argentina has incredibly harsh currency controls, any freelancer or company that tries to export goods or services gets paid half the value per dollar and is forced to sell their dollars to the government

While companies can't really avoid it, most freelancers go around the control by using crypto and so can get the full value of their work

Re:Bitcoin falls under $16,000 by Ferret7446 on Thursday November 10, 2022 @12:50AM (#33542776)
The government has to physically come and take it from you. They cannot remotely freeze Bitcoin like they can with conventional financial instruments.