(by Didi Rankovic | Reclaim The Net) – Recent events around the globe have prompted many to consider how safe and “unconfiscatable” cryptocurrencies are – and whether or not the use of digital money adds to the quality of life, where freedoms and privacy are concerned.
Depending on what cryptocurrency you look at, the verdict may be different, or the jury may still be out; but at least in one case, it seems that a cryptocurrency is attempting to live up to the hype. And this is happening over in Canada, much to the chagrin of the police there.
Canada is where participants in a civil protest against Covid mandates, known as “Freedom Convoy,” faced all kinds of unprecedented (for a democracy) measures taken against them, complete with freezing of bank accounts.
At the same time this, by all accounts grassroots and peaceful movement, was also successfully cut off from financial donations supporters tried to send their way using Big Tech, and just in general, “mainstream tech” platforms – and, of course, fiat money.
But those who decided to contribute to the cause with Bitcoin may have been somewhat more successful, reports quoting several Canadian law enforcement outfits – including the police services in Ottawa and Ontario, and the Royal Canadian Mounted Police (RCMP), now say.
The donations made using this currency were not insignificant – they totaled 20.7 Bitcoin, or $885,000.
But here’s some bad news both for the law enforcement and for Bitcoin: the Canadian police are disappointed that they only managed to seize some 30% of the Bitcoin donations; meanwhile, Bitcoin users might wonder – why is that figure not 0%? The answer lies in the way wallets are set up and behave. Read Full Article >