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>That's the whole point of bitcoin: It can't be confiscated Sure, if you rob a bank and bury the money it can't be confiscated either. However, if you are ord

>That's the whole point of bitcoin: It can't be confiscated Sure, if you rob a bank and bury the money it can't be confiscated either. However, if you are ordered by a Court to turn over funds (bitcoin or otherwise) and you do not comply with the court order, you can be held in contempt of court and arrested until you comply with the court order. What good is "many lifetimes of freedom" if you only have 1 life and you're not free?

deleted 7y ago
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zelly 7y ago
First of all there is no debtor's prison in the USA. Even if he unequivocally had and owed 500k btc, he could just say no and go about his business. But even if this was a criminal case, the only way the government can get his coins would be: - torture - imprisonment and then finding his private keys written down in his house (or similar opsec fail) This is in contrast to bank/financial accounts (easily garnished by court order), physical paper currency (easily seized by a SWAT team), or physical gold (easily seized by a SWAT team). They can put you in jail, but they can't take your btc.
- throwaway_law 7y ago
  >First of all there is no debtor's prison in the USA. Who said debtor's prison? There is a difference between going to jail for a debt and violating a court order, even if that court order is to turn over assets. Why don't you look up the penalties for violating a court order (HINT: civil or criminal the remedies are the same). In fact not only can violating a court order from a civil court result in imprisonment, additional criminal charges can occur for the violation itself, so you can be sitting in jail anyway and be hit with criminal charges. >he could just say no and go about his business. You think you can just ignore a court order without penalty? Why would anyone comply with a court order then? I'll tell you why, because they Courts have broad powers including imprisonment until you comply (even orders from civil cases). >They can put you in jail, but they can't take your btc. Yes, I think I acknowledged that, just as they can't take the cash you robbed from a bank and buried either (notwithstanding your point about how easy it is to seize). How is SWAT going to seize cash that they can't find?
- gamblor956 7y ago
  First of all there is no debtor's prison in the USA. Even if he unequivocally had and owed 500k btc, he could just say no and go about his business. But even if this was a criminal case, the only way the government can get his coins would be: This is simply wrong. It's not an issue of "debtor's prison" it's an issue of being in contempt of court by failing to comply with a court order. If this was a criminal case, the government would need to pursue a separate action to seize the coins because criminal cases can't result in the seizure of property, only fines and imprisonment. (When police seize property, that's a separate but related civil case to the criminal case.) They can put you in jail, but they can't take your btc. This is true, but they can keep you in jail for as long as you are in contempt of court, i.e., the rest of your life.

deleted 7y ago

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zelly 7y ago

First of all there is no debtor's prison in the USA. Even if he unequivocally had and owed 500k btc, he could just say no and go about his business. But even if this was a criminal case, the only way the government can get his coins would be: - torture - imprisonment and then finding his private keys written down in his house (or similar opsec fail) This is in contrast to bank/financial accounts (easily garnished by court order), physical paper currency (easily seized by a SWAT team), or physical gold (easily seized by a SWAT team). They can put you in jail, but they can't take your btc.

throwaway_law 7y ago
>First of all there is no debtor's prison in the USA. Who said debtor's prison? There is a difference between going to jail for a debt and violating a court order, even if that court order is to turn over assets. Why don't you look up the penalties for violating a court order (HINT: civil or criminal the remedies are the same). In fact not only can violating a court order from a civil court result in imprisonment, additional criminal charges can occur for the violation itself, so you can be sitting in jail anyway and be hit with criminal charges. >he could just say no and go about his business. You think you can just ignore a court order without penalty? Why would anyone comply with a court order then? I'll tell you why, because they Courts have broad powers including imprisonment until you comply (even orders from civil cases). >They can put you in jail, but they can't take your btc. Yes, I think I acknowledged that, just as they can't take the cash you robbed from a bank and buried either (notwithstanding your point about how easy it is to seize). How is SWAT going to seize cash that they can't find?
gamblor956 7y ago
First of all there is no debtor's prison in the USA. Even if he unequivocally had and owed 500k btc, he could just say no and go about his business. But even if this was a criminal case, the only way the government can get his coins would be: This is simply wrong. It's not an issue of "debtor's prison" it's an issue of being in contempt of court by failing to comply with a court order. If this was a criminal case, the government would need to pursue a separate action to seize the coins because criminal cases can't result in the seizure of property, only fines and imprisonment. (When police seize property, that's a separate but related civil case to the criminal case.) They can put you in jail, but they can't take your btc. This is true, but they can keep you in jail for as long as you are in contempt of court, i.e., the rest of your life.