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Is this really something that people in the USA spend their days worrying about? Serious question, as it is not part of the law over here in the part of the wor
by WJW 5y ago
Is this really something that people in the USA spend their days worrying about? Serious question, as it is not part of the law over here in the part of the world where I live. Also, with every crypto transaction recorded on the public ledger and the vast majority of wallets held in exchanges, why wouldn't the police just acquire the crypto too?
- plebianRube 5y agoI'm sure they could seize it, since they can and do freeze and sieze bank accounts as well. However self custody ensures they can never get it even if they kill you, and since it is programmable money there is a way to ensure it gets to a friendly address, maybe years later, perhaps to a loved one. Seems the market places a worth on a possession that can not be taken from you by force, or even by your death, slightly more than 0.
- WJW 5y agoIt's true that the market places a worth on crypto assets, but there are many alternative reasons for why that could be as well (such as: I expect it to go up in price for whatever reason and then I'll be rich!). In any case, what is your plan for when https://xkcd.com/538/ https://xkcd.com/538/ happens?