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You can still seize Bitcoins with a court order.
by akhatri_aus 9y ago
You can still seize Bitcoins with a court order.
- wonderwonder 9y agoOnly if you have the private key or wallet password
- exelius 9y agoWhich you can be thrown in jail for refusing to disclose. No need to crack a password when they can deprive you of life or liberty.
- code_duck 9y agoThey could seize the physical items that have your wallet or keys stored on them. Anyhow, it’s not as if they would just give up if you refused to produce the password. In the US one can be jailed indefinitely for contempt of court. https://arstechnica.com/tech-policy/2016/05/feds-say-suspect-should-rot-in-prison-for-refusing-to-decrypt-drives/ https://arstechnica.com/tech-policy/2016/05/feds-say-suspect...
- wonderwonder 9y agoOf course they could. But its an extra step compared to just having the bank seize all of your accounts. At the end of the day the government can do whatever it wants, crypto currencies just add a little extra layer of personal security. However cursory it may be.
- mrb 9y agoYou can have a warpwallet or a seed memorized. No digital trace. No physical device to seize. Plausible deniability.
- FireBeyond 9y agoNot necessarily. You could destroy all copies of the wallet. The value would be lost. Certainly, knowing that those were 'all copies' would be a challenge, but you could then monitor that wallet and hold a person in contempt if there were later transactions from that wallet.