3 ms·
Right, but that's the whole point. You don't get to just live on the lam because you are rich. You have to actually pull it off. If you wait until they throw yo
by jtbayly 7y ago
Right, but that's the whole point. You don't get to just live on the lam because you are rich. You have to actually pull it off. If you wait until they throw you in jail for contempt of court, it's too late. At that point your choices are comply or rot in jail. You can say that's a special feature of Bitcoin, but it isn't. It's the same with gold bullion or cash that you've hidden.
- im3w1l 7y agoMany countries have maximum sentences. If a pile of money is big enough, someone might opt to spend 20 years in prison for it.
- close04 7y agoIn the US people are already serving indefinite prison sentences for being in contempt until they comply with a court order [0]. This is an open ended sentence. But the claim made above was that the whole point of BTC is that it cannot be confiscated. In reality it can be confiscated to the same extent to which any currency/valuable can be confiscated. You can't confiscate things you don't know about or can't get to and this is applicable to anything: money in hidden off shore accounts, art in an obscure warehouse, jewelry buried under a house, etc. [0] https://www.theguardian.com/technology/2017/mar/23/francis-rawls-philadelphia-police-child-abuse-encryption https://www.theguardian.com/technology/2017/mar/23/francis-r...
- gamblor956 7y agoContempt of court is considered an ongoing act, meaning that the person in contempt can be held indefinitely until they are no longer in contempt of court. See e.g., Chelsea Manning.