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In no real justice system could selling backyard weed justify the seizure of sixty million dollars.
by psychlops 7y ago
In no real justice system could selling backyard weed justify the seizure of sixty million dollars.
- 1000units 7y agoMarijuana is a Schedule I federally controlled substance, my friend. Have you no respect for Law?
- kevin_thibedeau 7y agoHow do you earn that much on "backyard" anything?
- oh_sigh 7y agoThe answer is he didn't earn it on his backyard weed selling. Maybe he got the initial coins from that, but they may have only been worth $10,000 when he received them. It's just that with BTC price rise, it is now worth $60M
- serf 7y agointerest accrued on otherwise nefarious activity. esoteric philosophical questions : if the base money that accrues interest is of 'immoral' origin, is the interest still 'immoral'? Is the act of saving money an action that has a base 'moral' precept? If it's a positive action, does that make the interest less 'immoral' than the money used to make it? What if the interest feeds a 'moral' charity? Just stuff I think about with regards to finance, not that morality matters much practically in the real world.
- bpfrh 7y agoIsn't that kinda the same as evidence generated from a unlawful action? We could apply the same logic/law to that.
- jacques_chester 7y agoThere are extensive bodies of law that deal with these topics, especially in Trusts law. Happily I quit law school before getting any good at them.
- psychlops 7y agoThe morality of his actions do not apply here. It is the legality of his actions and whether the punishment (asset seizure) is justice.
- ErikAugust 7y agoHe earned that much because the value of BTC skyrocketed. He was a small time pot dealer.
- three_seagrass 7y agoHow can you stay a small time anything with $60 M in returns on the cash in your mattress?
- Nextgrid 7y agoThose returns are because the Bitcoin price went to the moon, not because of the pot. This guy could've became equally rich had he just bought a small amount of BTC at the right time.
- three_seagrass 7y agoRight, but that doesn't explain how you can stay small time with $60 M in cash in the mattress.
- rootusrootus 7y agoThey did not seize 60 million dollars (CAB wouldn't seize money in dollars anyway...). They seized* 6000 bitcoins. The equivalent cash value in euros or dollars is completely hypothetical. *and technically, they seized nothing without the private keys
- deleted 7y ago[deleted]
- psychlops 7y agoIndeed, they did seize bitcoins. I thought the dollar equivalent would be obvious to those who read the article. Also, the CAB would absolutely (and has) seized foreign currency. They will seize cars, watches, real estate, documents, laptops, mobile phones, designer coats...pretty much anything they think they can auction. You might be interested to learn that the price in euros or dollars is not hypothetical at all and is traded daily, 24 hours a day, on exchanges all across the world. They did not seize nothing. As the article mentions, they seized the wallets which contain the private keys. Presumably, they are missing the password(s) to unlock the wallets.