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RE: Regulating Cryptocurrencies... And Why It Matters

in #bitcoin7 years ago (edited)

"Bitcoin can't be frozen or seized."

Given the authority, I can indefinitely freeze all BTC, even seize much of it. In fact, I can get folks to demand I seize substantial portions of their BTC holdings.

All I have to do is turn off the power. Even less direct mechanisms abound, although that is the simplest.

It is trivial to seize and freeze BTC, given political will.