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How do funds get seized by the government? I thought this was supposed to be secure.

How do funds get seized by the government? I thought this was supposed to be secure.



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  1. > How do funds get seized by the government?

    Step 1: Government proclaims that it is the lawful new owner of the funds in question.

    Step 2: There is no step 2. Rightful owners of the bitcoins continue to use them as desired.

    In other words, #BitcoinUserNotAffected.

    Now, if the keys for the funds were on a machine that the government can strong-arm — say, at a server hosting provider — then the government can actually apply threats of violence effectively to usurp control of the funds. “Not your keys, not your coins.”

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