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The point I'm trying to make: Taking someone's assets vs coercing them to hand over their assets, are not the same thing. You can take my gold, my dollars, my
by doggosphere 6y ago
The point I'm trying to make:
Taking someone's assets vs coercing them to hand over their assets, are not the same thing.
You can take my gold, my dollars, my factories, my real estate, all by force.
You can take my freedom, you can take my life, by force.
You cannot take my Bitcoin by force. You might be able to put me through enough pain for me to give it up. But this is not a guarantee.
We have been discussing this in the context of being a sneaky cyber criminal with a just law system. But imagine you live in a nation where the government (military junta) is "nationalizing" all wealth and assets. Then tell me the best way to protect your money.
- klodolph 6y ago> We have been discussing this in the context of being a sneaky cyber criminal with a just law system. If you were assuming that the law was just then you’ve been having a different conversation. I’ve just been assuming that this is the US legal system, nothing more, nothing less. Do not assume that the US legal system is just. The US law system is reasonably competent, has a global reach, and can out-wait you.
- doggosphere 6y agoResources are not unlimited. Time and attention can only be divided so many ways. As we speak, billions of dollars of illegal drug cartel money sloshes along the international banking system, sometimes enabled by the banks themselves. The powers that be seem very ineffective at stopping them. I think you have too much confidence in the capabilities of these systems.