Canada's government is seizing bank accounts and they are just getting started.... They will freeze more accounts.

submitted by In-the-clouds from (mobile.twitter.com)

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[–]Tom_Bombadil 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (2 children)

They are seizing btc while only freezing bank accounts.

How are they seizing Bitcoin?

[–]In-the-clouds[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

I don't know the answer to your question, but I did hear the FBI has seized Bitcoin. They have demonstrated the capability to take Bitcoin, even from hackers!

https://fullycrypto.com/chainalysis-reveals-colonial-pipeline-bitcoin-retrieval

[–]johnjdoe 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (0 children)

i am sorta guessing here, but it would make your bitcoin more secure and insulated from being seized if you dont allow a wallet service to manage your private keys.

you can generate a random private key(256 0's and 1's) and then mathematically break that down into an address.

give out that address to receive payments.

i believe that you can then spend those coins by using the bitcoin core software.

how could anybody seize that?

if you secretly generate the private key and manage the key yourself, nobody can move those bitcoins except you.

of course tho now you are responsible to keep the private key secret or you can lose the coins.