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Cryptocurrency will not save you from a trillion dollar company sending the fbi to bust down the door and steal everything you have. they will compel you to han
by LightHugger 5y ago
Cryptocurrency will not save you from a trillion dollar company sending the fbi to bust down the door and steal everything you have. they will compel you to hand over any reported crypto holdings and throw you in prison if you refuse.
- gruez 5y ago>they will compel you to hand over any reported crypto holdings and throw you in prison if you refuse. Has this been tested in court? If your crypto is stored in a brainwallet, you can invoke fifth amendment rights to prevent that from being divulged.
- AlexandrB 5y agoIANAL, but the fifth amendment gives you a right against self-incrimination. It doesn't allow you to lie or refuse to answer questions about assets that are not part of any crime. Edit: Civil asset forfeiture already runs afoul of the fifth, and no one seems to care: > nor be deprived of life, liberty, or property, without due process of law; nor shall private property be taken for public use, without just compensation.
- gruez 5y ago>It doesn't allow you to lie or refuse to answer questions "right to remain silent" is literally for that purpose. There are ways around it, if the government grants you immunity, but it's still far more onerous than freezing a bank account or invoking civil forefiture. Not to mention, disclosure of the key and/or wallet addresses may plausibly result in you incriminating yourself (eg. by proving that you bought drugs on silk road or whatever).
- tmarice 5y agoHand over what? I lost it all in a boating accident. https://www.youtube.com/watch?v=mN_P39xI1ss https://www.youtube.com/watch?v=mN_P39xI1ss
- AlexandrB 5y agoToo bad all transactions on the blockchain are public. Would be trivial to monitor the "lost" wallet for any future transactions.
- Quillbert182 5y agoWould be a shame if someone used Monero.