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101 sats \ 6 replies \ @Rothbardian_fanatic OP 5 Jul \ parent \ on: Privacy and Fungibility: The Forgotten Virtues of Sound Money econ
I think the taint is BS, too. However, when they are blocking and freezing ”tainted” accounts, the BTC cannot be moved around. In other words, the exchanges are working as arms of the state! Now, to find a way to get amounts of BTC off of the exchanges and in circulation anonymously.
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20 sats \ 5 replies \ @optimism 5 Jul
There aren't accounts in Bitcoin. They cannot "freeze" your coin. This is not Ethereum.
Now, to find a way to get amounts of BTC off of the exchanges and in circulation anonymously.
Just withdraw over LN and cycle the channel.
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97 sats \ 4 replies \ @Rothbardian_fanatic OP 5 Jul
That is good news. Are you sure that there are no accounts? Isn’t an address the same thing as an account, only with a different name? Can’t they freeze addresses?
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0 sats \ 3 replies \ @optimism 5 Jul
Yes, I am sure.
Recommended reading:
Can’t they freeze addresses?
No. This is why we say "not your keys, not your coin", and as long as "they" don't have the key, it's not their coin.
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0 sats \ 2 replies \ @Rothbardian_fanatic OP 5 Jul
Yes, but have they made it impossible for you to access your address? If they have, then it is the same as a confiscation.
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0 sats \ 1 reply \ @optimism 6 Jul
How would that be done? That's what the "Axiom of Resistance" is about.
There is no mechanism for it except everyone, including all the lottery bitaxes, not resisting the order, not even if you offer 1BTC fee. Until today, no one has succeeded in forever - or even for a day - subverting all the miners.
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102 sats \ 0 replies \ @Rothbardian_fanatic OP 6 Jul
Don’t think all of the miners could ever be suborned by the state, ever! Ross must have coughed up the keys.
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