Topic: 2012-09-12 forbes.com - Key Disclosure Laws Can Be Used To Confiscate Bitcoin As - page 2. (Read 4584 times)
September 12, 2012, 08:46:01 PM
I wonder if one couldn't also have a worthless alternate blockchain with the same public key as a decoy and claim that you don't own the Bitcoin address.
September 12, 2012, 08:36:26 PM
John raises excellent points in this article.
"We demand you give us the private keys to these addresses within 24 hours!"
Transfer bitcoins.
"Here ya go"
Transfer bitcoins.
"Here ya go"
FreeMoney raises an excellent countermeasure against
Easily done with a 'panic button' script that can broadcast all your coin to a laundry service into your own personal and more private brain wallet or friends/family/spouse's wallet.
September 12, 2012, 07:45:49 PM
"We demand you give us the private keys to these addresses within 24 hours!"
Transfer bitcoins.
"Here ya go"
Transfer bitcoins.
"Here ya go"
September 12, 2012, 07:44:19 PM
"We demand you give us the private keys to these addresses within 24 hours!"
Transfer bitcoins.
"Here ya go"
Transfer bitcoins.
"Here ya go"
September 12, 2012, 07:30:44 PM
Lolok. Have fun proving ownership.
September 12, 2012, 05:37:51 PM
Quote
Key Disclosure Laws Can Be Used To Confiscate Bitcoin Assets
Jon Matonis
2012-09-12
http://www.forbes.com/sites/jonmatonis/2012/09/12/key-disclosure-laws-can-be-used-to-confiscate-bitcoin-assets/
...
Key disclosure laws may become the most important government tool in asset seizures and the war on money laundering.
...
To say the cryptocurrency bitcoin is disruptive would be an understatement. Bitcoin not only disrupts payments and monetary sovereignty, it also disrupts the legal enforcement of anti-money laundering laws, asset seizure, and capital controls. It is very likely that a key disclosure case will make it to the U.S. Supreme Court where it is far from certain that the Fifth Amendment privilege, as it relates to a refusal to decrypt bitcoin assets, will be universally upheld.
...
Jon Matonis
2012-09-12
http://www.forbes.com/sites/jonmatonis/2012/09/12/key-disclosure-laws-can-be-used-to-confiscate-bitcoin-assets/
...
Key disclosure laws may become the most important government tool in asset seizures and the war on money laundering.
...
To say the cryptocurrency bitcoin is disruptive would be an understatement. Bitcoin not only disrupts payments and monetary sovereignty, it also disrupts the legal enforcement of anti-money laundering laws, asset seizure, and capital controls. It is very likely that a key disclosure case will make it to the U.S. Supreme Court where it is far from certain that the Fifth Amendment privilege, as it relates to a refusal to decrypt bitcoin assets, will be universally upheld.
...
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