Oddbean new post about login | logout multisig with an anonymous third party gl feds
How do you see this playing out if they know you have bitcoin, but you refuse to give it? It’s not really a gold vs bitcoin problem, it’s a KYC problem
you can give them a key, but that doesn't imply you know or have access to the other keys 5$ wrench attack doesn't work if the other people in your multisig aren't under obligation/won't cooperate
imagine I have a multisig with 2 people in a country without extradition to the US or other applicable country. how would you get the other keys?
Governments don’t do 5$ wrench attacks. If you have an asset they don’t want you to have you either give it or they will imprison you or worse. So whether it’s gold or bitcoin, preventing a hostile government from getting to you is only about being private