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I read your comment and thought, yes it would be absurd to apply this to cash and therefore it seems also absurd to apply it to bitcoin. However, there are peop
by cjg 13y ago
I read your comment and thought, yes it would be absurd to apply this to cash and therefore it seems also absurd to apply it to bitcoin. However, there are people who would like bitcoin to fail, perhaps because they are part of the established financial system and so, it's possible that a court might rule that because an individual bitcoin amount can be traced back to a crime it should be confiscated.
The thing is, that potentially that causes problems for cash. As soon as technology is capable of tracking cash in the same way the same legal argument could be used. This is already relatively easy for electronic balances, but technology that tracks bank notes is quite easily imaginable.
I wonder what the case law for electronic cash balances is.