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Interesting scenario. If a government can tie a specific person to a specific wallet, they don't need the keys to go forward with whatever they want to do with
by andirk 2y ago
Interesting scenario. If a government can tie a specific person to a specific wallet, they don't need the keys to go forward with whatever they want to do with that info.
I wonder if the FBI can proclaim a certain wallet is yours and you did some bad thing so you have to surrender those coins. Without the private key, they can't forcefully confiscate your coins. But I wonder if they can say "If any coins leave that wallet, we'll take retaliatory action!".
- _heimdall 2y agoI would expect that a scenario where they could legally confiscate your coins is also a scenario where they could legally arrest and charge you with a crime. Confiscation of money is likely the least of your concerns there. The government could gain valuable intel from bitcoin addresses all the way back to the Mt Gox scandal. They would have only gotten more access since then, especially with legitimate businesses operating as exchanges that follow KYC regulations.