With over $19 million dollars obstructed from people who were peacefully protesting, bitcoin was the only money that could make it directly into the hands of truckers and other protestors.
Bitcoiners from all over the world banded together to raise over 22 bitcoin for the Canadian Freedom Convoy protest.
With the Canadian government having frozen accounts of people with views which were deemed “unacceptable,” Bitcoin took the spotlight as a way for people to receive value from donors around the world without the possibility of being stopped.
The owners of the private keys from blacklisted addresses could still send those “illicit” funds to any other Bitcoin address and chances are, the transaction would get confirmed in the next block .
In the clip, Carlson asserts that people will most likely lose faith in banks if governments don’t approve of how they use their money and Bent assures him that the promise of Bitcoin holds true, so long as users hold their own private keys.
Spectators around the world began noticing the frightening trend of the government freezing the assets of those with dissenting opinions and the observers who were savvy began to realize that it might be their opinion that gets them locked out of their bank account next.
After some of the notably reputable and public organizers deactivated their Twitter accounts for fear of government retribution and general stress, one Twitter user, who has established a reputation of a controversial nature amongst many prominent members of the Bitcoin community, became extremely vocal about the lack of immediate action to pass out bitcoin to the truckers, going so far as to threaten legal action.
After witnessing the severity of financial repercussions for participants of these protests, it is astonishing that the organizers were willing to put themselves on camera as well as the truckers to whom they donated the bitcoin, but that is exactly what they chose to do.
Many people who observed the Canadian government’s response to protestors’ financial assets would be wise to think about what could happen to their own bank accounts should they choose to voice concerns about a decision with which they disagree that was made by the government.
Though the government eventually began lifting the asset freeze on more than 200 accounts, many people began waking up to the authoritarian capabilities of their government.
Before the gravity of the gross mishandling of Canada’s use of the Emergencies Act for the purpose of freezing its own citizens’ accounts had time to settle in, Russia invaded Ukraine.
Treasurys, which can be seized at the blink of an eye or bank accounts that will be frozen if citizens voice an “unacceptable” viewpoint, Bitcoin cannot be stopped.