Can bitcoin be frozen?

[cryptoanalyzer]

Can bitcoin take Fiat's place in time? Suppose it does? Can govetment step in and stop this program?

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[OmegaStarScream]

Can bitcoin take Fiat's place in time? Suppose it does? Can govetment step in and stop this program?

Its not possible to do , bitcoin is decentralized and no one can stop the transaction or a specific address from functioning. We switched from cash to credit cards and I think Its safe to say that cryptocurrencies will takeover in the future but probably governments will create their own digital currencies that are under their control.

[cryptoanalyzer]

Can bitcoin take Fiat's place in time? Suppose it does? Can govetment step in and stop this program?

Its not possible to do , bitcoin is decentralized and no one can stop the transaction or a specific address from functioning. We switched from cash to credit cards and I think Its safe to say that cryptocurrencies will takeover in the future but probably governments will create their own digital currencies that are under their control.

So you're saying that no matter what, bitcoin cannot be traced or be frozen by the government. I guess that makes the government alittle uncomfortable.

[OmegaStarScream]

Can bitcoin take Fiat's place in time? Suppose it does? Can govetment step in and stop this program?

Its not possible to do , bitcoin is decentralized and no one can stop the transaction or a specific address from functioning. We switched from cash to credit cards and I think Its safe to say that cryptocurrencies will takeover in the future but probably governments will create their own digital currencies that are under their control.

So you're saying that no matter what, bitcoin cannot be traced or be frozen by the government. I guess that makes the government alittle uncomfortable.

It cannot be frozen definitely but there is a possibility of tracing , Its something possible to avoid though. You could use Bitmixer.io to mix your coins , use a new receiving address each time someone is sending you money etc...  I doubt the government will spend time to trace each individual though , Its definitely time consuming.

[zeze18]

in my opinion,,, I guess bitcoin would never frozen while the number of users and business people themselves who use them to transact,,, it's just possible that its use will indeed be set according to the rules in force in their respective countries

[cryptoanalyzer]

Can bitcoin take Fiat's place in time? Suppose it does? Can govetment step in and stop this program?

Its not possible to do , bitcoin is decentralized and no one can stop the transaction or a specific address from functioning. We switched from cash to credit cards and I think Its safe to say that cryptocurrencies will takeover in the future but probably governments will create their own digital currencies that are under their control.

So you're saying that no matter what, bitcoin cannot be traced or be frozen by the government. I guess that makes the government alittle uncomfortable.

It cannot be frozen definitely but there is a possibility of tracing , Its something possible to avoid though. You could use Bitmixer.io to mix your coins , use a new receiving address each time someone is sending you money etc...  I doubt the government will spend time to trace each individual though , Its definitely time consuming.

It's right that tracking will really consume the time with the uncertain result but if it's about a money and the amount was high then the government will do whatever they can do. As for example is when FBI seizing about 26,000 bitcoins from silk road or when Australian government seizing so many bitcoins. The government won't waste the opportunity to seize many bitcoins which have pretty decent value for each in large amount to increase the income of course.

Yeah I agree. Well a huge amount of money is suspicious but then we can agree on the matter that government can still watch bitcoin transactions

[cryptoanalyzer]

in my opinion,,, I guess bitcoin would never frozen while the number of users and business people themselves who use them to transact,,, it's just possible that its use will indeed be set according to the rules in force in their respective countries

Well in the matter of anonymity there should be none that is able to put the transaction under surveillance and yet there is according to the comments. Right?

[botany]

Can bitcoin take Fiat's place in time? Suppose it does? Can govetment step in and stop this program?

Bitcoin cannot be frozen. But if you use an online wallet or store your coins at an exchange, these can be seized or frozen.
As long as you hold the private keys to your wallet, nobody can take your bitcoins away from you.

[cryptoanalyzer]

Can bitcoin take Fiat's place in time? Suppose it does? Can govetment step in and stop this program?

Bitcoin cannot be frozen. But if you use an online wallet or store your coins at an exchange, these can be seized or frozen.
As long as you hold the private keys to your wallet, nobody can take your bitcoins away from you.

So never trust the internet and be careful about your property. Right?

[RhodaGila]

Bitcoin is a digital-exchange, increasingly in the future, people will increasingly need brevity or speed the time and place to transact quickly and easily. I see this will happen but not in the near future but will lead there and the government will not be able to stop it even if no one can trace it but it was not solely because of his Bitcoin, but rather to the person.

[harizen]

Can bitcoin take Fiat's place in time? Suppose it does? Can govetment step in and stop this program?

Bitcoin cannot be frozen. But if you use an online wallet or store your coins at an exchange, these can be seized or frozen.
As long as you hold the private keys to your wallet, nobody can take your bitcoins away from you.

So never trust the internet and be careful about your property. Right?

Since in most of the cases, bitcoin web wallets doesn't providing your own private keys, definitely you are out of control to your precious coins if you used their services for storage purposes. If ever there is a fraud activity on that said web exchanges then chances of loss coins is really possible.

About the frozen thing, basically bitcoin can't be frozen unless, as stated above, you are using a third party exchanger to hold your coins.

Security must be a good practice to enhanced if you want your bitcoins to be safe.

[cryptoanalyzer]

Can bitcoin take Fiat's place in time? Suppose it does? Can govetment step in and stop this program?

Bitcoin cannot be frozen. But if you use an online wallet or store your coins at an exchange, these can be seized or frozen.
As long as you hold the private keys to your wallet, nobody can take your bitcoins away from you.

So never trust the internet and be careful about your property. Right?

Since in most of the cases, bitcoin web wallets doesn't providing your own private keys, definitely you are out of control to your precious coins if you used their services for storage purposes. If ever there is a fraud activity on that said web exchanges then chances of loss coins is really possible.

About the frozen thing, basically bitcoin can't be frozen unless, as stated above, you are using a third party exchanger to hold your coins.

Security must be a good practice to enhanced if you want your bitcoins to be safe.

So what is your recommendation? What wallet is best to be used for storage? What security measures should be taken into account?

[darkangel11]

The only way your coins can be "frozen" is if the they push through that blacklisting idea. A group of people wanted to blacklist coins that were stolen, so they would be somehow tagged and ignored by the network, but I sincerely doubt it will ever happen. You coins can also be frozen if the transaction is not propagated correctly, but it can be corrected.

[Snorek]

Can bitcoin take Fiat's place in time? Suppose it does? Can govetment step in and stop this program?

Bitcoin cannot be frozen. But if you use an online wallet or store your coins at an exchange, these can be seized or frozen.
As long as you hold the private keys to your wallet, nobody can take your bitcoins away from you.

So never trust the internet and be careful about your property. Right?

Since in most of the cases, bitcoin web wallets doesn't providing your own private keys, definitely you are out of control to your precious coins if you used their services for storage purposes. If ever there is a fraud activity on that said web exchanges then chances of loss coins is really possible.

About the frozen thing, basically bitcoin can't be frozen unless, as stated above, you are using a third party exchanger to hold your coins.

Security must be a good practice to enhanced if you want your bitcoins to be safe.

So what is your recommendation? What wallet is best to be used for storage? What security measures should be taken into account?

Bitcoin network can't be destroyed. When you hear some media coverage of another "bitcoin hack" they are talking about some 3rd party service being breached - like BTC exchange.
You see, bitcoin satellite services have central point of failure. Bitcoin as a network is decentralized, therefore free from direct influences.

What are good security measures while owning bitcoin? Simple: be sole owner of your private keys & backup your wallet in safe place (the best way is memorize your wallet's seed).

[cryptoanalyzer]

Can bitcoin take Fiat's place in time? Suppose it does? Can govetment step in and stop this program?

Bitcoin cannot be frozen. But if you use an online wallet or store your coins at an exchange, these can be seized or frozen.
As long as you hold the private keys to your wallet, nobody can take your bitcoins away from you.

So never trust the internet and be careful about your property. Right?

Since in most of the cases, bitcoin web wallets doesn't providing your own private keys, definitely you are out of control to your precious coins if you used their services for storage purposes. If ever there is a fraud activity on that said web exchanges then chances of loss coins is really possible.

About the frozen thing, basically bitcoin can't be frozen unless, as stated above, you are using a third party exchanger to hold your coins.

Security must be a good practice to enhanced if you want your bitcoins to be safe.

So what is your recommendation? What wallet is best to be used for storage? What security measures should be taken into account?

Bitcoin network can't be destroyed. When you hear some media coverage of another "bitcoin hack" they are talking about some 3rd party service being breached - like BTC exchange.
You see, bitcoin satellite services have central point of failure. Bitcoin as a network is decentralized, therefore free from direct influences.

What are good security measures while owning bitcoin? Simple: be sole owner of your private keys & backup your wallet in safe place (the best way is memorize your wallet's seed).

Hmmmm.....I'll keep that in mind.

[cryptoanalyzer]

The only way your coins can be "frozen" is if the they push through that blacklisting idea. A group of people wanted to blacklist coins that were stolen, so they would be somehow tagged and ignored by the network, but I sincerely doubt it will ever happen. You coins can also be frozen if the transaction is not propagated correctly, but it can be corrected.

That sounds reassuring.

[botany]

The only way your coins can be "frozen" is if the they push through that blacklisting idea. A group of people wanted to blacklist coins that were stolen, so they would be somehow tagged and ignored by the network, but I sincerely doubt it will ever happen. You coins can also be frozen if the transaction is not propagated correctly, but it can be corrected.

That would imply that coins would not be fungible and is highly unlikely to happen.
Your bitcoin and my bitcoin are both equally valuable to the bitcoin community. 

[marseille]

Bitcoin can never really replace the fiat. It is more like cyber gold that preserves the value. Some central banks may issue their own cybercoins which can in partial to replace the fiat.

[chaser15]

So what is your recommendation? What wallet is best to be used for storage? What security measures should be taken into account?

Stay away at any web wallets if you are pointing to the bitcoin storage.

Go on with the hardware wallets instead. For more infomative informative, you can googled some of it with the keyword "Bitcoin Hardware Waller" or "Ways to Secure Bitcoin". Just give a time for research and you that will benefit to you.

[sportis]

The only way your coins can be "frozen" is if the they push through that blacklisting idea. A group of people wanted to blacklist coins that were stolen, so they would be somehow tagged and ignored by the network, but I sincerely doubt it will ever happen. You coins can also be frozen if the transaction is not propagated correctly, but it can be corrected.

      Maybe yes maybe no. Say that there are some miners who refuse to include certain transactions in their block there will be others who will. There is something stronger than this which is called punitive forking if the miner insists to blacklist the transaction from an address. He needs the majority of hash power and must announce that he won't mine if chain has this transaction. Rest of the miners under this threat may decide to follow him but if they don't maybe they will create the longest chain and not only all mining process from this miner will be wasted but this transaction eventually will be in the longest chain. A more effective process is called feather forking and first time I listened it from a MOOC about bitcoin and cryptocurrencies from Princeton University but a more detailed explanation for every interested user has the forum https://bitcointalk.org/index.php?topic=312668.0