Hacker News new | ask | show | jobs
by dfish 7 days ago
Stablecoins can be censored. You deposited into Huobi 5 years ago? Banned. Now we keep your stablecoins, thanks for playing.

You can't censor Bitcoin.

2 comments

>You can't censor Bitcoin.

Your payment processor could be legally restricted from paying you your bitcoin.

You can use lightning with mixes funds. There are ways to move your Bitcoin. The main premise of my comment is that they can't *take away* your bitcoin. But they can take a way your USDC.
That's an excellent reason to get rid of them and just make P2P cash payments
As a Chinese person I can confirm. Monero is the way.
Also BCH + CashFusion for extra privacy