How The Government Seizes Assets And Why Bitcoin Is A Problem For Statists Today


This is an opinion editorial by Rowdy Yates, a former Marine and practicing lawyer.

When most people hear the words “frozen bank account” or “asset forfeiture,” they likely picture a sophisticated government black box worthy of a Hollywood montage, with some mysterious synth music overlaid. The truth is far less glamorous but no less troubling. A sober examination of the government’s tools for seizing and forfeiting property helps to illuminate a key attribute of bitcoin’s value. In this piece, I dissect how the government legally seizes property and why bitcoin is the asset class best positioned to resist this seizure.

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