Possible to freeze bitcoin wallet for In&out transactions? \ stacker news ~mempool

Possible to freeze bitcoin wallet for In&out transactions?

888 sats \ 6 comments \ @Darth 3 Mar mempool

Let say if am saving my bitcoin in my jade hardware wallet,

I am not selling it..

When hyperbitcoination happens

Can govt seize or freeze my wallet ? (To stop money out from it)

There is no money into your hardware wallet. There is no BTC into any wallet. Your hardware device is a signer that you use to sign transactions on the blockchain, the ledger where the BTC is registered. As long as you keep your private keys secret, nobody can prevent you to sign transactions, and therefore to "send" money to whomever you want whenever you want. Just make sure nobody has access to your hardware signer, its password, its passphrase, or its recovery seed (list of 12 or 24 words).

1 sat \ 2 replies \ @Darth OP 3 Mar

Thanks for your response, like we here on shitcoinery ($xxxxx amount worth of USDT) Freezed by X

Same like this

Can some one control your In&out with just your bitcoin address?

21 sats \ 0 replies \ @ama 3 Mar

If by control you mean watch what's send and/or received from/to an address, yes, everybody can do that, since the Bitcoin blockchain is a public ledger. What's harder is to associate that address to you (the holder of its private key) if you take some precautions: don't reuse addresses, handle non KYC coins (or coinjoin them later)...

If by control you mean to access any funds or to prevent you to access them, then no, nobody can unless they get it's associated private key (which is stored into your hardware signer) or the seed to generate it (which you should keep safe.

1 sat \ 0 replies \ @037447d9ca 3 Mar

USDT is a centralized shitcoin. That's why they can freeze it.

1 sat \ 0 replies \ @oliverweiss 3 Mar

“Not your keys, not your coins” they say. If you are your own bank (I don’t know jade wallet that much) and you took all precautions, you should be just fine.

0 sats \ 0 replies \ @orange_crush 6 Mar

Don't do this, but you could timelock to some future block. https://en.bitcoin.it/wiki/Timelock

This does not improve your threat model. You still need to protect your private keys or they will spend your bitcoin when the timelock is up.