If you haven't seen this already...
California passed a bill to seize #Bitcoin left idle on exchanges.
After 3 years of inactivity, assets can be taken by the state under 'Unclaimed Property' laws.
👇👇👇 https://video.nostr.build/98a4b74e7656fbf145ef0f70f9ca6c44eb2db9f61c415aec8c75c1a5470ba899.mp4
Curious to know what constitutes as inactivity🧐
Cost neutral acquisition strategies intensifying. Self custody accordingly.
This isn't as shocking as you might think. California isn't "seizing" the assets so much as it is taking custody on the registered owners' behalf.
Don't hold ₿ IOUs on exchanges. Move it to self custody when it's not being used for collateral or liquidity (such as loans or limit orders).
Fuck them
This is good for self custody
already PREDICTED 8 years ago - nothing knew - Fed can seize ALL corporate treasury coins under national security act.
