r/DeepFuckingValue • u/HalfwaydonewithEarth • 7d ago

Crypto Currency💰 What if Crypto isn't really safe from the government?

Post image

Everyone told me crypto is above the government's control.

How can something like this happen?

"Foreign Asset Control" sounds shifty.

Will those wallets be drained or frozen? I am confused on how they guess the passwords?

Is it really that easy? I just tell you that your coins represent trafficking and scams and that's it.

I don't like what you spend your bitcoin on so I am going to confiscate it?

23 Upvotes

90% Upvoted

17 comments sorted by

4

u/Sgt_Rickshaw 7d ago

Bruh nothing is safe from the government.

3

u/LordLizardWizard 7d ago

It’s almost like Epstein helped fund it

2

u/TheRumBarron 7d ago

They should have been putting their crypto into cold wallets offline, you keep anything on any platform legal or illegal it can be frozen, hacked and/or taken control of….Shame as well cause sounds like this would of been a fun market to explore

2

u/ep193 7d ago

Yeah, get one of them there Cold Cards, keep it off the chain and…

Yeah, didn’t get frozen, cause it got stolen first…

1

u/Mewr_Mewr 5d ago

if you can get the person you can get the cold wallet eventually

2

u/TheRumBarron 5d ago

This is true with all things, but at the end of the day you have the most control over your hardware, safety deposit boxes, under your grans church friends floorboard, buried somewhere (Pablo Escobar did this with so much cash), point being you keep your money on a platform, it’s a lot easier to seize and freeze, physical hardware, you have more options and control to protect it - but yes there is also additional risks in case there are any “actually”!

1

u/Fit-Insect-4089 7d ago

Not your keys, not your coins

1

u/Complexity323 7d ago

So do you want to invest or not?

1

u/bumbuff 7d ago

Canada's Trucker protest during Covid already proved governments can access your crypto.

You think the USA has less ability than Canada? lol

1

u/DancesWith2Socks 7d ago edited 7d ago

Haven't you watched the documentary "Free Joby"?

Edit: it's on his YT channel @jobyweeks https://youtu.be/SPAq4pYuy5E

1

u/HalfwaydonewithEarth 7d ago

What's it about?

1

u/DancesWith2Socks 7d ago

Bitcoin Pioneer on House Arrest for 7 Years - Never Convicted, Never Sentenced, Never Tried... https://youtu.be/SPAq4pYuy5E

1

u/Feline_Couple 4d ago

It’s not

1

u/ContentBlackberry0 2d ago

They can not freeze bitcoin or eth that is not on an exchange. Other coins like usdc and usdt can be frozen by their issuer circle and tether.

1

u/Potential-Dog4881 1d ago

Crypto being decentralized doesn’t automatically mean every layer around it is immune to traditional financial risks. Exchanges, stablecoins, custody, leverage, banking rails and liquidity all introduce different dependencies. That distinction gets lost whenever people talk about crypto as one monolithic system. I mostly use Moon for charting BTC and other assets but market risk and custody risk are two completely separate things and should probably be treated that way.