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Author Topic: Can bitcoin be frozen?  (Read 13960 times)
Odymisty
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October 28, 2017, 03:04:08 PM
 #141

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.

Interesting! What happens to people who unknowingly buy coins that have been blacklisted?
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October 28, 2017, 05:55:30 PM
 #142

Frozen as in like how assets can be frozen by governments? This is completely impossible. It's possible for them to monitor your known addresses, however, and track movements. If they somehow order you to not move any Bitcoins, they can't stop you, but they can punish you.

Bitcoin is unique because of it's decentralized. If government decide to control bitcoin, bitcoin will lost as decentralized currency and government usually will apply tax on bitcoin just like fiat.
Well it's just same as fiat but the different only bitcoin is on digital form !
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October 28, 2017, 07:51:01 PM
 #143

If bitcoin is able to be frozen, I think that eliminates the decentralized appeal to it. At that point they're just doing what everyone else like quickbooks does.

But I do like the escrow feature that blockchains/apps provide

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October 28, 2017, 07:56:37 PM
 #144

Frozen as in like how assets can be frozen by governments? This is completely impossible. It's possible for them to monitor your known addresses, however, and track movements. If they somehow order you to not move any Bitcoins, they can't stop you, but they can punish you.

Bitcoin is unique because of it's decentralized. If government decide to control bitcoin, bitcoin will lost as decentralized currency and government usually will apply tax on bitcoin just like fiat.
Well it's just same as fiat but the different only bitcoin is on digital form !

there is a perfectly easy way to "freeze" the financial assets of almost anyone by a government; simply put the suspected persons in jail. they dont have to monitor, they can actually prevent you from having access to any device (because you are locked in a box) and other people that you could communicate your wishes to. it takes very little in the united states to enter this legal state; simply "resist"  arrest and you just bought a cheap ticket lol.

the only time a government can regulate a thing with little effect despite the penalties, is when that thing is so ubiquitous its too hard to police (jaywalking and marijuana). bitcoin is neither of these.
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October 29, 2017, 01:38:08 PM
 #145

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


I don't think bitcoin can take place of fiat currency . The government will never let any loss happen to their currency through some other digital currency . Bitcoin can totally change the economy of a country by making it decentralized . Moreover , government will not have track on any of the transactions and activities of the users i.e  they can't let bitcoin take place of fiat money.

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Rogermoon
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October 29, 2017, 01:39:01 PM
 #146

My answer is NO. Any third party willing to stop bitcoin need to invest a lot of money, a lot of time, a lot of people and resources.
Just check Andreas Antonopoulos on Youtube talking about this and you will find out how convincing he is.

The more btc continues its growth the more difficult it is to control it!! Period!
Hamphser
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October 29, 2017, 04:23:25 PM
 #147

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


I don't think bitcoin can take place of fiat currency . The government will never let any loss happen to their currency through some other digital currency . Bitcoin can totally change the economy of a country by making it decentralized . Moreover , government will not have track on any of the transactions and activities of the users i.e  they can't let bitcoin take place of fiat money.
Maybe you mean centralized? Bitcoin is a decentralized stuff which means controlling it over will really be impossible but somehow can really be slowed down.Thinking off there are lots of services which bitcoin is involved which government can possibly impose taxes on the users of it.This is the only way they can milk out some tax into bitcoin. Frozen thing is not possible as long theres a good and strong community support on it.
We do already witness on the things been done by the government. Banning, regulating ICO and other related things but still bitcoin is standing strong.

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Bastime
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October 29, 2017, 07:05:13 PM
 #148

Bitcoin is unstoppable and cannot be stopped by any states or government. Even activists cannot interfere Bitcoin's success. Even if you're in a country that totally banned Bitcoin and Altcoins you can still earn and participate blockchain activities. Even China cannot stop their people to get Bitcoin because blockchain relies within the internet networks, any place that has internet has Bitcoin access. It is for everyone and for the people.





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