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California just passed a shocking law to grab your idle Bitcoin

Written by Subject: Bitcoin

1 Comments in Response to

Comment by PureTrust
Entered on:

Cryptocurrency that you have at home, on your computer, is private property, just like anything else that you have at home, whether or not you actively use it. If the encryption of your crypto has been broken or stolen, remove it to some other form of asset while you can. If you are holding your crypto in an exchange, you are holding it in trust with that exchange. However, the exchange can't be sued efficiently and effectively if they are forced to break the trust by government laws. So, get your crypto out and onto your own computer so that it is private property under your control. At the same time, recognize one major thing. Government exercizing control of any of your property, IS REALLY GOVERNMENT EXERCIZING CONTROL OF YOU. If you allow yourself to be controlled by government, you are a slave to government. Some of the greatest power against government are privacy laws (PMA). But individual privacy is not rooted in the PMA.