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Well, if a court makes you liable for some payment and you have eth assets, they will force you to liquidate and pay. They can't confiscate it but if you refuse
by lz400 9y ago
Well, if a court makes you liable for some payment and you have eth assets, they will force you to liquidate and pay. They can't confiscate it but if you refuse you go to jail.
- ericd 9y agoAh, the old encryption vs. monkey wrench scenario. Never forget the monkey wrench.
- delazeur 9y agoThis is critical: clever math is not going to protect your assets from the organization that has a monopoly on violence.
- Avshalom 9y agoIt's not a monopoly that's important here, just willingness and ability. Jimmy-the-Stereotype is but one entrant in the free market of violence but he can still force you to liquidate your assets unless you have a grudge against your own kneecaps.
- occamrazor 9y agoYou can hire Johnny-the-Mobster to protect you from Jimmy-the-Stereotype, but not against Uncle Sam or Grandpa Vladimir. State actors still have a disproportionate power.
- Avshalom 9y agoSure but Johnny-the-Mobster isn't exactly clever math either.
- delazeur 9y agoThe term "monopoly on violence" refers specifically to legitimate violence. https://en.m.wikipedia.org/wiki/Monopoly_on_violence https://en.m.wikipedia.org/wiki/Monopoly_on_violence
- Avshalom 9y agoYes but rubber hose cryptanalysis works equally well regardless of the legitimacy.