Standing Up To Tyranny

On Friday, Red State posted an article about how two bitcoin companies responded to Trudeau’s deputy prime minister, Chrystia Freeland, talking about freezing financial accounts of people involved in the truck protest and the people who are supporting them financially. Many of the major banks instantly cooperated, but two bitcoin companies had a different response.

The article reports:

Bitcoin wallet company Nunchuk announced that they’d gotten a request to freeze accounts from the government, “Yesterday, the Ontario Superior Court of Justice sent us a Mareva Injunction, ordering us to freeze and disclose information about the assets involved in the #FreedomConvoy2022 movement.” But Nunchuk explained to the clueless government that they don’t hold any money like a custodial financial institution, they don’t collect user information apart from emails, and they don’t hold the keys to any of the wallets — that it’s all private to the user, by design.

…“Please look up how self custody and private keys work,” the company chided the government. “When the Canadian dollar becomes worthless, we will be here to serve you too.” Now, that’s gold. They even learned a lesson from this experience with the government, and now will be making it even more private by not even holding the email information in future updates.

The article also reports the response of Edge Wallet, another bitcoin company:

In the wake of ongoing turmoil taking place in the Canadian capital of Ottawa, Deputy Prime Minister Chrystia Freeland has requested, via the Emergencies Act, that various financial services companies freeze accounts of those linked to protesters occupying the region, as well as those providing funding to the protests, but not present physically.

Regardless of whether the protests resonate with individuals or not, financial seizure is an unprecedented action that must be taken seriously. It’s with great consideration that we would like to share our official response to the request that Canadian users’ Edge accounts be frozen:

They finished with this meme.

I wish the major banks had that kind of courage.