4 ms·

Cryptocurrency doesn’t free you from the law. If he had kept the money in cryptocurrency then they’d just imprison him until it was turned over.

rosndo 5y ago
But if you used Monero, they’d have a harder time proving what funds you may have access to.
- AlexandrB 5y ago
  How this will probably play out: FBI agent: What cryptocurrency assets do you own? You: 2 BTC, 1 ETH. FBI agent: We found some Monero transactions in your past, we think you're holding XMR and lying to an FBI agent about it. Off to jail for you.
  - symlinkk 5y ago
    > we think They need evidence
    - rosndo 5y ago
      More specifically for a criminal case they’d need evidence beyond reasonable doubt, no?
  - deleted 5y ago
    [deleted]
  - gruez 5y ago
    >FBI agent: What cryptocurrency assets do you own? >You: 2 BTC, 1 ETH. bzzzt You're supposed to remain silent, not expose yourself by lying.
  - deleted 5y ago
    [deleted]
  - bbitmaster 5y ago
    John McAfee claimed they were doing this to him before he "suicided".
- PragmaticPulp 5y ago
  Doesn't matter. If the FBI has records of you transferring money to an exchange and then you claim it just "disappeared" after reaching the exchange, they're going to roll their eyes. The crimes in question involved real estate deals with paper trails. They also have transcripts of conversations where the partners acknowledge what they're doing is wrong and could potentially trigger an FBI investigation. Monero won't save anyone from that.
  - deleted 5y ago
    [deleted]
  - rosndo 5y ago
    Or you could just accidentally drop your laptop in the sea and then wait a decade or two before selling the Moneroj in another country? The first part you can do with any cryptocurrency, the anonymity provided by Monero may allow you to succeed at the second.
  - ranger_danger 5y ago
    There are several ways to get crypto (including Monero) without touching an exchange.
csee 5y ago
That's true, but at the same time let's not downplay the ways that self-custodial crypto may be a bulwark against authoritarian governments. I am not labelling Canada an authoritarian government by any means, but widespread self-custodial crypto would have made their response (freezing bank accounts) far harder to pull off.

rosndo 5y ago

But if you used Monero, they’d have a harder time proving what funds you may have access to.

AlexandrB 5y ago
How this will probably play out: FBI agent: What cryptocurrency assets do you own? You: 2 BTC, 1 ETH. FBI agent: We found some Monero transactions in your past, we think you're holding XMR and lying to an FBI agent about it. Off to jail for you.
- symlinkk 5y ago
  > we think They need evidence
  - rosndo 5y ago
    More specifically for a criminal case they’d need evidence beyond reasonable doubt, no?
- deleted 5y ago
  [deleted]
- gruez 5y ago
  >FBI agent: What cryptocurrency assets do you own? >You: 2 BTC, 1 ETH. bzzzt You're supposed to remain silent, not expose yourself by lying.
- deleted 5y ago
  [deleted]
- bbitmaster 5y ago
  John McAfee claimed they were doing this to him before he "suicided".
PragmaticPulp 5y ago
Doesn't matter. If the FBI has records of you transferring money to an exchange and then you claim it just "disappeared" after reaching the exchange, they're going to roll their eyes. The crimes in question involved real estate deals with paper trails. They also have transcripts of conversations where the partners acknowledge what they're doing is wrong and could potentially trigger an FBI investigation. Monero won't save anyone from that.
- deleted 5y ago
  [deleted]
- rosndo 5y ago
  Or you could just accidentally drop your laptop in the sea and then wait a decade or two before selling the Moneroj in another country? The first part you can do with any cryptocurrency, the anonymity provided by Monero may allow you to succeed at the second.
- ranger_danger 5y ago
  There are several ways to get crypto (including Monero) without touching an exchange.

csee 5y ago

That's true, but at the same time let's not downplay the ways that self-custodial crypto may be a bulwark against authoritarian governments. I am not labelling Canada an authoritarian government by any means, but widespread self-custodial crypto would have made their response (freezing bank accounts) far harder to pull off.