The general public, Buttcoin, even some tech friends I have have this misconception that BTC can actually be confiscated. Every time there is a government "seizure" etc. there seem to be a mass of the uneducated who think the BTC was taken against the will of the owner and I just want to clear this up and say NOT POSSIBLE. Most "seizures" did not actually gain control of the coins. This most recent bust of the $3.6B or whatever would not have been taken without the owner giving up the seed in exchange for a lighter sentence.
So, before you make yourself look dumb, and 99% of people reading should already understand this, BTC in cold storage CAN NOT be confiscated without consent from the seed owner.
Such an elementary concept that SO MANY people get wrong, and hung up on. People think the gov is all powerful and can "hack BTC" or take your coins if they wanted but... nah.
I think we will see more people leverage this concept to reduce sentencing for BTC that is stolen in the future because its either lost forever or it isnt, there is no middle ground.
Imagine stealing cash or literally any other asset and having negotiation leverage over the gov due to the fact that they literally could not get it without your complete consent.
Just shocked people think BTC can be confiscated or the network can be affected by gov in any way. Aren't we past that staple of why BTC is still growing 14 years later?
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