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josmar | 1 year ago

Ultimately I can memorise 12 words representing my private key. And when the dictatorship finally ends, or I manage to flee, no government can ever freeze my money.

No tax man, no dictator, and no other thief can distinguish someone who memorised 12 words from someone who didn't.

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chx|1 year ago

Erm, no.

No government can freeze your bitcoins.

It's not money.

You might find it ever increasingly difficult to change bitcoins to real money if a country -- or multiple -- is against it. No such thing happens currently but there are constant efforts to bring KYC and so forth to exchanges.