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With a bank they don't need your permission, they can just take your money straight from the bank. With cryptocurrencies they have to threaten you. And if you'

With a bank they don't need your permission, they can just take your money straight from the bank. With cryptocurrencies they have to threaten you. And if you're ok with spending some time in jail (for court contempt), there's nothing they can do.

deleted 6y ago
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gamblor956 6y ago
You can be held in contempt of court indefinitely.
- klodolph 6y ago
  Yes, exactly true. You can be held in contempt of court indefinitely, if it's possible for you to comply with the court order. There is no conventional "due process" because you are free to leave once you comply.
- anonAndOn 6y ago
  That depends on your circumstances. There may be an 18 month limit in some situations.[0] [0]https://arstechnica.com/tech-policy/2020/02/man-who-refused-to-decrypt-hard-drives-is-free-after-four-years-in-jail/ https://arstechnica.com/tech-policy/2020/02/man-who-refused-...
  - klodolph 6y ago
    That's for "refusal to testify".
    - anonAndOn 6y ago
      If you read the first paragraph you'll see it spelled out: > a federal judge held him in contempt
      - klodolph 6y ago
        And if you read a bit farther, you find the reason why it was limited to 18 months: > After losing that appeal, Rawls raised another challenge: the federal statute that allows judges to hold witnesses in contempt for refusing to testify, passed in 1970, states that "in no event shall such confinement exceed eighteen months." This limit does not apply if you are not a witness.
        travmatt 6y ago
        Even if it did, the way we’d find out is a defendant suing the government for their release, and for that case to appeal its way up through the circuits, possibly to the Supreme Court. That appeal process would take years and would probably lose at most of the stages. During this entire time the defendant would be imprisoned.
  - gamblor956 6y ago
    Right, for a witness refusing to testify in a court proceeding in which they are not one of the parties. It's different when you're a defendant or a party to the proceeding.
compiler-guy 6y ago
Where by "some time in jail", you mean, "The rest of your life." Many people will make very expensive trades when facing long prison sentences, including people for whom a mafia torture and hit is a realistic possibility. So "being ok with it" hand-waves away a very large amount of duress.

deleted 6y ago

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gamblor956 6y ago

You can be held in contempt of court indefinitely.

klodolph 6y ago
Yes, exactly true. You can be held in contempt of court indefinitely, if it's possible for you to comply with the court order. There is no conventional "due process" because you are free to leave once you comply.
anonAndOn 6y ago
That depends on your circumstances. There may be an 18 month limit in some situations.[0] [0]https://arstechnica.com/tech-policy/2020/02/man-who-refused-to-decrypt-hard-drives-is-free-after-four-years-in-jail/ https://arstechnica.com/tech-policy/2020/02/man-who-refused-...
- klodolph 6y ago
  That's for "refusal to testify".
  - anonAndOn 6y ago
    If you read the first paragraph you'll see it spelled out: > a federal judge held him in contempt
    - klodolph 6y ago
      And if you read a bit farther, you find the reason why it was limited to 18 months: > After losing that appeal, Rawls raised another challenge: the federal statute that allows judges to hold witnesses in contempt for refusing to testify, passed in 1970, states that "in no event shall such confinement exceed eighteen months." This limit does not apply if you are not a witness.
      - travmatt 6y ago
        Even if it did, the way we’d find out is a defendant suing the government for their release, and for that case to appeal its way up through the circuits, possibly to the Supreme Court. That appeal process would take years and would probably lose at most of the stages. During this entire time the defendant would be imprisoned.
- gamblor956 6y ago
  Right, for a witness refusing to testify in a court proceeding in which they are not one of the parties. It's different when you're a defendant or a party to the proceeding.

compiler-guy 6y ago

Where by "some time in jail", you mean, "The rest of your life." Many people will make very expensive trades when facing long prison sentences, including people for whom a mafia torture and hit is a realistic possibility. So "being ok with it" hand-waves away a very large amount of duress.