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re: Crypto Question
Posted on 2/17/22 at 6:28 am to jp4lsu
Posted on 2/17/22 at 6:28 am to jp4lsu
With Bitcoin that can’t happen, but most other crypto the developers have admin keys and can freeze your wallet.
There was an example of $100M of a USD pegged stable coin called teather that was frozen recently.
What can happen with Bitcoin is that if they know which wallet is yours they can track the movements of the coins and eventually figure out who you are and arrest you or get you when you are trying to convert to USD on an exchange.
There was an example of $100M of a USD pegged stable coin called teather that was frozen recently.
What can happen with Bitcoin is that if they know which wallet is yours they can track the movements of the coins and eventually figure out who you are and arrest you or get you when you are trying to convert to USD on an exchange.
1
Posted on 2/17/22 at 6:52 am to NCAAFootballGenius
Thanks, I wasn't aware of the admin keys. You hear people talk about this tyranny on the Freedom Convoy with crowdfunding being shutdown, and people saying this is why crypto should exist, but it sounds like a govt can lock that down as well.
I agree it can bypass crowdfunding sites that are fascists. Do the govts have to use these emergency powers to shutdown financial accounts? I suspect they can do this anytime they want.
I agree it can bypass crowdfunding sites that are fascists. Do the govts have to use these emergency powers to shutdown financial accounts? I suspect they can do this anytime they want.
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