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ODELL

bitcoin has been running for nearly 17 years

at the protocol level, no transaction has ever been blocked, no coin has ever been seized

not enough people appreciate the magnitude of these simple facts

₿rent 2w ago

I know what you mean, but it’s actually seized by authorities regularly.

Bitcoin worth $14bn seized in US-UK crackdown on alleged scammers

https://www.bbc.com/news/articles/c70jw436n0yo.amp

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Discussion

Andy 2w ago

I’ve often wondered how they physically access the keys….. or is it, how do you fancy spending 25 years in jail or give up your keys for a reduced sentence?

₿rent 2w ago

There was a German drug dealer who refused to give up his keys, and HODL’d through his sentence.

I imagine the confiscations are recovered from raids and self custody, with written seed phrases, but mostly from funds on exchanges.

protozoan numbness 2w ago

This 💯