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Those extra steps might be significant for legal challenges, though. "Private" companies can do lots of things governments aren't "allowed" to.
Indeed, but I do think many in crypto are hand waving these types of concerns away. The point really should be you are trusting a company or government vs. trusting the tech/network with bitcoin.
Those extra steps might be significant for legal challenges, though. "Private" companies can do lots of things governments aren't "allowed" to.