While there have been many struggles in the Canadian capital recently, smiles were shared on camera when some donations made their way into the hands of a truck driver.
On Friday, February 18, Tim Pastoor was sitting in the truck of a protester talking about the campaign against Canada’s Covid-19 restrictions when the protester handed him an envelope with $8,000 Canadian Dollars.
The trucker was told:
“There’s $8,000 of Bitcoin in here. As soon as the banks shut down we had some big donors that needed to get Bitcoin to the truckers. Basically open it [the envelope] up. There’s instructions all you do is a recovery code, it will tell you to download Blue Wallet, which is what the recovery code is for.”
Not your keys, not your coins
After Canadian Prime Minister Trudeau invoked the Emergencies Act, trucking companies were told not to use a centralized exchange in order to cash out their funds, as the funds are subject to a Mareva injunction.
The account of the Samourai Wallet wrote on Twitter:
“It is absolutely essential that any truckers who received Bitcoin yesterday from @HonkHonkHodl do not attempt to cash out using a centralized exchange. These funds are subject to a Mareva injunction and violation of that order is a criminal act.”
Jesse Powell, the co-founder and CEO of the exchange, urges people to take their coins out of their custodial wallet if they are told to freeze assets without judicial consent.
“If you’re worried about it, don’t keep your funds with any centralized/regulated custodian. We cannot protect you. Get your coins/cash out and only trade p2p,” Powell said.
Vitalik Buterin thinks that Canada’s use of banks is dangerous
Canadian use of banks to quash protesters is dangerous, according to Vitalik Buterin.
According to Butering, the attempts by the Canadian government to stop the flow of cash to protesting truck drivers in Canada shows why cryptocurrencies exist.
“If the government is not willing to follow the laws … [and] give people a chance to defend themselves…and they just want to talk to the banks and basically cut out people’s financial livelihoods without due process, that is an example of the sort of thing that decentralized technology is there to make more difficult,” Vitalik said.
“This concept of going after intermediaries and using intermediaries to bypass all that is dangerous <…> Having decentralized alternatives to an intermediary is a good way to limit the damage.”Canadian police blocked over 30 cryptocurrencies associated with the Freedom Convoy truckers earlier this week due to the fact that they became one of the critical ways of contributing to them after GoFundMe decided not to distribute $9 million raised on its platform.
Featured photo source pexels.com