4 ms·

Better yet: Monero.

vkou 2y ago
Hiding money that a court orders you to turn over in crypto is a great way to be held in prison for context of court until the end of your natural life.
- deleted 2y ago
  [deleted]
- BenjiWiebe 2y ago
  *contempt of court
- codetrotter 2y ago
  Wouldn’t putting it in a foreign country bank account be similar?
  - blackhawkC17 2y ago
    Thanks to US pressure, Swiss banks are no longer as secretive as they used to be. They'll quickly give up information about any American when requested by the government. To add, anyone under indictment and bail is closely monitored. They can't just transfer money to a Swiss Bank without raising an alarm. HNers enjoy cooking up movie-plot schemes that are dumb in reality.
    - matheusmoreira 2y ago
      In my country, there's a guy who actually did it. An anarchocapitalist named Daniel Fraga. Just a completely surreal guy. Police would show up to his house and he'd film himself calling them parasites of the state to their faces. Used to make videos criticizing the system, the government, the courts, the judges. Eventually tried to expose corruption. Government tried to freeze his accounts and discovered he had $1 in them. He had gone all in on bitcoin. To this day I believe the government has not seen the money. One day he just kinda disappeared. He's either in some paradise enjoying his billions or dead.
      - tetris11 2y ago
        Ego-maniacs rarely retire quietly. He's dead.
      - pavlov 2y ago
        Sounds like his plan was: “With Bitcoin I can hide anywhere and access my fortune with just a password!” …But he made such a public deal out of it that some criminals figured they can access a fortune by kidnapping this guy and making him reveal the password.
        matheusmoreira 2y ago
        People tell me he's alive because they can see his BTC wallet moving funds. So either he's alive or someone rubberhosed him with the fabled five dollar wrench and he gave up the keys. I know it's probably the latter but I want to believe it's the former.
- matheusmoreira 2y ago
  They're gonna imprison him either way. Being guilty of pissing off the judge is sure to be a lesser crime than whatever it is he's guilty of.
- Brian_K_White 2y ago
  The comment was not about hiding money.
fHr 2y ago
I mean you can just trace the source that buys it no? And then hold him in prison for it anyway.
- HeatrayEnjoyer 2y ago
  > I mean you can just trace the source that buys it no? How would you do that?
  - codetrotter 2y ago
    If he uses any of the Centralized Exchanges (Kraken, Coinbase, etc), those exchanges will have KYC info showing that he/his company was the buyer
    - HeatrayEnjoyer 2y ago
      If they use monero it isn't possible to see the buyer
- hackernewds 2y ago
  coin mixers
jen729w 2y ago
Great idea! If he’d put $100m in Monero in 2021 he could have as much as $30m left today.

Better yet: Monero.

vkou 2y ago

Hiding money that a court orders you to turn over in crypto is a great way to be held in prison for context of court until the end of your natural life.

deleted 2y ago
[deleted]
BenjiWiebe 2y ago
*contempt of court
codetrotter 2y ago
Wouldn’t putting it in a foreign country bank account be similar?
- blackhawkC17 2y ago
  Thanks to US pressure, Swiss banks are no longer as secretive as they used to be. They'll quickly give up information about any American when requested by the government. To add, anyone under indictment and bail is closely monitored. They can't just transfer money to a Swiss Bank without raising an alarm. HNers enjoy cooking up movie-plot schemes that are dumb in reality.
  - matheusmoreira 2y ago
    In my country, there's a guy who actually did it. An anarchocapitalist named Daniel Fraga. Just a completely surreal guy. Police would show up to his house and he'd film himself calling them parasites of the state to their faces. Used to make videos criticizing the system, the government, the courts, the judges. Eventually tried to expose corruption. Government tried to freeze his accounts and discovered he had $1 in them. He had gone all in on bitcoin. To this day I believe the government has not seen the money. One day he just kinda disappeared. He's either in some paradise enjoying his billions or dead.
    - tetris11 2y ago
      Ego-maniacs rarely retire quietly. He's dead.
    - pavlov 2y ago
      Sounds like his plan was: “With Bitcoin I can hide anywhere and access my fortune with just a password!” …But he made such a public deal out of it that some criminals figured they can access a fortune by kidnapping this guy and making him reveal the password.
      - matheusmoreira 2y ago
        People tell me he's alive because they can see his BTC wallet moving funds. So either he's alive or someone rubberhosed him with the fabled five dollar wrench and he gave up the keys. I know it's probably the latter but I want to believe it's the former.
matheusmoreira 2y ago
They're gonna imprison him either way. Being guilty of pissing off the judge is sure to be a lesser crime than whatever it is he's guilty of.
Brian_K_White 2y ago
The comment was not about hiding money.

fHr 2y ago

I mean you can just trace the source that buys it no? And then hold him in prison for it anyway.

HeatrayEnjoyer 2y ago
> I mean you can just trace the source that buys it no? How would you do that?
- codetrotter 2y ago
  If he uses any of the Centralized Exchanges (Kraken, Coinbase, etc), those exchanges will have KYC info showing that he/his company was the buyer
  - HeatrayEnjoyer 2y ago
    If they use monero it isn't possible to see the buyer
hackernewds 2y ago
coin mixers

jen729w 2y ago

Great idea! If he’d put $100m in Monero in 2021 he could have as much as $30m left today.