In February 2022, Chrystia Freeland told Canada's banks they could freeze accounts without a judge, and they froze 257 of them. Two courts have since ruled it unconstitutional. The Rhodes Trust, founded by Cecil Rhodes as (in his own words) a secret society to place its people where the levers are, made her CEO anyway. Zach reads his essay on what the state could reach and what it couldn't: the bank accounts it took in hours, the 14.6 Bitcoin hand-delivered to truckers in envelopes with handwritten seed phrases, and Nunchuk's reply to the court: "We do not hold any keys." Then Hülsmann's Ethics of Money Production explains why the freeze wasn't the system malfunctioning. It was the system working. Not your keys, not your coins, not your custody, not your say.

Bitcoin Well exists so your Bitcoin lands in a wallet you hold, not an account someone will be told to freeze. Buy Bitcoin straight to self-custody at bitcoinwell.com. New accounts use promo code PODCAST.

Thoughts, pushback, hate mail from Oxford? z.addair@bitcoinwell.com

Bitcoin Well is a non-custodial bitcoin platform that helps people buy, sell and use bitcoin in Canada and the United States. Customers can buy bitcoin online and receive it directly to their personal wallet, or work with Bitcoin Well Infinite for transactions over $50,000. Bitcoin Well also operates a network of Bitcoin ATMs across Canada. Learn more about bitcoin, self-custody and Bitcoin Well's services at bitcoinwell.com

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