Tuesday, March 29, 2022

Cryptocurrency Seizures Not That Easy (Not Required)

I'm not sure how this number will turn out for Russia (seeing that sanctions on official accounts for conventional money appear to be only about 60% effective).

But the evidence is that Canada was only able to seize/block about 30% of Bitcoin donated to the protesting Canadian truckers. Not sure about other cryptocurrencies either.

The main reason appears to be the choice of "wallet" used. Those who kept passwords on their own still have their money. Those who lost it used services where passwords were maintained in a centralized database: basically, is the key needed to make your password work stored on your own device or on a server somewhere.

The link is here, but it is not open, so it's not required. You do get a free look if it's your first time on the site.

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