Submitted by Wendals87 t3_ypkcsg in todayilearned
Reply to comment by Pope_Cerebus in TIL: That in 2019, some criminals were caught and 36 BTC was confiscated. The authorities valued the worth at €127,000 at the time and was sold 2 years later for €1.5 million. The criminals were returned €1.3 million due to the fact that the amount was expressed in Swedish Krona, not BTC by Wendals87
But you can't seize BTC unless the criminals freely gave over their keys.
Or had their keys on something else that was seized. If you've got your keys stored on your computer, and they seize the computer, then they've got your bitcoin.
So? Its possible the police or court ordered them to hand over the keys and they complied as part of the legal proceedings.
Yea... But I'm not sure the word seize applies in that case.
If you are compelled to surrender something to authorities as part of a legal proceeding, that’s a seizure. They don’t necessarily have to literally take it by force or against your will.
Ok but what happens when they confiscate wallets, PCs, or hard drives?
Your fake internet currency has physical evidence. If the feds want it, they'll get it lol.
I mean.. typically it's encrypted on any hardware. If someone has plaintext keys on their hard drive something has gone seriously wrong
Yup, means the feds came knocking 🤞. You've been lied to if you truly believe they can't get ahold of it if they want.
That's simply false. If you don't give up your keys they can't be forcibly taken from you.
So when the subpoena comes, you're telling the feds to fuck off? Straight to prison? Okay.
As I said. If the feds want it, they'll get it. If its not the money, it's your freedom.
Yes exactly. I can choose prison. That is not true with dollars. The feds want your dollars they can reach into your bank without your permission. With BTC the feds can't force it, even if they are willing to go as far as killing you.
Exactly. So you're going to prison or getting killed by the federal government before giving up your fake internet money? OK, Chad.
You guys are ridiculous lol. Don't you have an NFT scam you could be falling for right now?
Why do you hate so much? Why does it bother you?
I don't really care that you don't seem to like BTC.
They can't. Even the feds are subject to the rules of mathematics, and that's how pgp keys work. There are cases out there where proper opsec has kept people out of jail.
If the feds decrypted his shit, they got his keys somehow. Either he turned them over or, and this is shockingly common, had them written down or on the device unencrypted.
Oh hey, congrats on overexplaining my comment for no reason 👍
> If the feds decrypted his shit, they got his keys somehow. Either he turned them over
When the feds bring the subpoena, you have two choices. Comply or face the music. If they want it, they'll get it. Your money or your freedom. Hence why I said "when the feds come knocking".
No, I was replying to the "if they want it, they'll get it" part of your comment. Up those reading comprehension skills👍🏽.
They will NOT get it, no matter how badly they want it, without the key. And you can hide your key. That's the third choice when the feds show up: don't have the key where they can find it.
Get "it", means what they want. You going to prison to protect your subpoenad fake internet currency?
I'm sure there's some shitcoin you could go lose money "investing" in. Surely. Go do that instead of bothering me with missing the point. You crypto dorks are ridiculous lol. There's an NFT of a lizard with your name all over it.
[removed]
No wonder ancaps love BTC so much
It doesn't have to be freely. A court order is usually backed by you sitting in jail until you cooperate.
Ok but then they still get a choice. If, for example, I was told to pay in dollars the gov can reach in my bank and take it. I wouldn't get an option up go to jail and not pay.
Viewing a single comment thread. View all comments