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comment by user-inactivated
user-inactivated  ·  3978 days ago  ·  link  ·    ·  parent  ·  post: This is a problem with Bitcoin.

Someone says: at least with bitcoin your money cannot be seized; if this happened to your dollars they would be. Someone else says -- Coinbase could freeze your account just as easily as a bank.

Who is correct?





mk  ·  3978 days ago  ·  link  ·  

Technically both. If you control your private keys, no one can seize your BTC. But in the case of Coinbase, they hold your private keys. That's one critique of the cloud services.

user-inactivated  ·  3978 days ago  ·  link  ·  

Thanks.