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Only Monero gets it? Rest of Crypto ignores FOSS
(monero.town)
This is the lemmy community of Monero (XMR), a secure, private, untraceable currency that is open-source and freely available to all.
Wallets
Android (Cake Wallet) / (Monero.com)
iOS (Cake Wallet) / (Monero.com)
Instance tags for discoverability:
Monero, XMR, crypto, cryptocurrency
The same way they'd revoke your crypto: kick your door in and crack open your safe. This guy doesn't have a clue what he's talking about. Crypto is no more difficult than gold coins or cash to revoke.
It is much harder to compel someone to divulge the contents of their mind than it is to confiscate a physical object, whether locked away or tied to their body or not. If your seed phrase or password is memorized or sufficiently disassociated then the threat actor can't simply break into your safe, identify the crypto and take it. It lives on the blockchain and is never really in your possession. You only have the keys to access it. And those keys are much harder to get at than a physical object IF you take the precautions to avail of this benefit that is distinct from self-custodied physical commodities storage.
Hard assets and digital currencies both have strengths and weaknesses that shine in different circumstances. It doesn't have to be an either/or scenario.