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Comment by golergka | Hacker News Reader

We're not yet at the point when crypto does look a lot safer than bank deposits. But we might get there soon.

In Canada, we most certainly are.

What? Canada had one of the safest banking systems in the world and didn’t need bailouts in 2008? Now crypto seems safer, why?

For one thing, the government can’t freeze the accounts of its opposition, like Trudeau did with the trucker protest.

Sure they can, and did.

https://www.vice.com/en/article/jgmnpd/the-freedom-convoy-bi...

Many cryptocurrencies even build the functionality in directly. Tether, for example, can blacklist tokens: https://www.coindesk.com/business/2022/11/10/tether-freezes-...

We’re talking about future bitcoin world, not the past.

> Many truckers now can’t cash out their donated bitcoin due to financial sanctions, with some of the bitcoins being seized from NobodyCaribou by the authorities.

”What are you saying, that I can convert bitcoin to dollars with impunity?”

“No, Neo - I’m saying that when you’re ready, you won’t have to.”

If you want to say something's not possible, the fact that it happened in the past is something you have to reckon with. What changes in "future bitcoin world" prevent these seizures?

Expanded with details. If a fully functioning, sufficiently-decentralized crypto economy can be bootstrapped (meaning go to gas station, fill up your car, all with bitcoin), the government no longer has this ability.

There is no one on earth who can “freeze” a bitcoin wallet, and beyond that point it’s put up or shut up.

Spoiler alert: In the US, thanks to our second amendment, the government will shut up in such a situation.

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