My Crypto Origin Story: it was not "Biscoin" all along
Preview (20 min read)
Terry Dehko, a small grocery store owner for thirty years, woke up in 2013 to find his store's bank account empty. His identity had not been stolen. His banking information had not been compromised. How, then, could this happen?
It turned out the federal government had emptied his account using what is called "civil asset forfeiture" — a law that legally allows the government to seize property without evidence of crime. A mere suspicion is enough. Unlike criminal cases, where you are innocent until proven guilty and proof beyond reasonable doubt is required, this law operates on the opposite principle: you are guilty until you can prove yourself innocent. Though no evidence of crime was found, the government offered to return only twenty percent of Terry's money. In civil asset forfeiture, this extortion passes for mercy — a generous deal, compared to more than ninety percent of federal cases where the government wins administratively, overwhelming property owners in a procedural maze.
The internet made the world a global village. Money leveraging the internet should have made freedom universal. Instead, it scaled oppression. We see it in stories like Terry Dehko's. We saw it during the Canadian Freedom Convoy, when banking was weaponized. This is the flaw of fiat money even in a digital age: it is centralized. Cryptocurrency is money built decentralized on the internet. At its heart, crypto is about sovereignty, autonomy, freedom, and trust. I found crypto when I needed something the modern financial system could not give me.
The rest is for readers.
94% to the writer · 6% to the platform. The story opens right here.