Forfeit Bitcoins that are inactive for over 5 years to the State of New York - (200.12c)
Am I reading this right?
Am I reading this right?
WTF ? Who told u that Satoshi is from NY ?
Topic: All of Satoshi's bitcoins will belong to NY after 5 years of inactivity - page 3. (Read 4764 times)
July 27, 2014, 09:07:10 AM
WTF ? Who told u that Satoshi is from NY ?
July 27, 2014, 09:05:57 AM
YOU CAN'T STEAL bitcoin (when no device is connected to private key).
July 27, 2014, 08:02:53 AM
Forfeit Bitcoins that are inactive for over 5 years to the State of New York - (200.12c)
Am I reading this right?
Am I reading this right?
good luck with regulating math and the laws of this universe
July 27, 2014, 02:53:16 AM
if they do that theres no need to wait 5 years.
bullshit charge can be used to seize the account immediately.
bullshit charge can be used to seize the account immediately.
They haven't managed to seize all of DPR's yet and he had semi-legit charges.
There isn't any bullshit charges that let them take monies as easy as wait 5 years that I know of.
DPR didnt have his btc in an account owned by another business. they took everything they could get there hands on. waiting 5 years wont let them get there hands on DPR coins.
point is that if they can take coins from an account after 5 years, and if they can make up bullshit charges to lock someone up for 5 years, then they can make up bullshit charges to seize coins from an account, and not need to wait 5 years. so the 5 years thing dont matter.
July 27, 2014, 12:54:47 AM
Forfeit Bitcoins that are inactive for over 5 years to the State of New York - (200.12c)
Think for a minute. Lets say they do implement this. Now how are they going to execute and enforce this? One of the benefits of bitcoin is that it's yours, and you're in full control of it. The fundamentals of bitcoin does not operate within the law and regulation.
Yes. There is no mechanism available to recover lose wallet.
July 27, 2014, 12:41:16 AM
Forfeit Bitcoins that are inactive for over 5 years to the State of New York - (200.12c)
Think for a minute. Lets say they do implement this. Now how are they going to execute and enforce this? One of the benefits of bitcoin is that it's yours, and you're in full control of it. The fundamentals of bitcoin does not operate within the law and regulation.
July 27, 2014, 12:17:45 AM
if they do that theres no need to wait 5 years.
bullshit charge can be used to seize the account immediately.
bullshit charge can be used to seize the account immediately.
They haven't managed to seize all of DPR's yet and he had semi-legit charges.
There isn't any bullshit charges that let them take monies as easy as wait 5 years that I know of.
July 27, 2014, 12:07:28 AM
All the more reason to keep the majority of your bitcoins running on a local wallet. Don't trust your coins to any third party source!
July 26, 2014, 11:48:12 PM
if they do that theres no need to wait 5 years.
bullshit charge can be used to seize the account immediately.
bullshit charge can be used to seize the account immediately.
They haven't managed to seize all of DPR's yet and he had semi-legit charges.
There isn't any bullshit charges that let them take monies as easy as wait 5 years that I know of.
July 26, 2014, 11:42:32 PM
Forfeit Bitcoins that are inactive for over 5 years to the State of New York - (200.12c)
Am I reading this right?
Am I reading this right?
No. No more than dollars under your mattress you don't use for 5 years belongs to NY. Abandoned property deals with THIRD PARTY accounts. So under the BitLicense if you had an account with an exchange and you didn't login for 5 years the EXCHANGE would turn the account over to the state.
Holy mother of fuck that cannot be real.
All they gotta do is make up some bullshit charges (Patriot Act or something) and put you in jail for 5 years and then keep all your money for inactivity. If you use coinbase or something that is.
if they do that theres no need to wait 5 years.
bullshit charge can be used to seize the account immediately.
July 26, 2014, 11:36:24 PM
Forfeit Bitcoins that are inactive for over 5 years to the State of New York - (200.12c)
Am I reading this right?
Am I reading this right?
No. No more than dollars under your mattress you don't use for 5 years belongs to NY. Abandoned property deals with THIRD PARTY accounts. So under the BitLicense if you had an account with an exchange and you didn't login for 5 years the EXCHANGE would turn the account over to the state.
Holy mother of fuck that cannot be real.
All they gotta do is make up some bullshit charges (Patriot Act or something) and put you in jail for 5 years and then keep all your money for inactivity. If you use coinbase or something that is.
July 26, 2014, 11:06:16 PM
Forfeit Bitcoins that are inactive for over 5 years to the State of New York - (200.12c)
Am I reading this right?
Am I reading this right?
No. No more than dollars under your mattress you don't use for 5 years belongs to NY. Abandoned property deals with THIRD PARTY accounts. So under the BitLicense if you had an account with an exchange and you didn't login for 5 years the EXCHANGE would turn the account over to the state.
July 26, 2014, 11:01:37 PM
this is not true and NY regulators would have no way to enforce this.
July 26, 2014, 10:57:03 PM
No, hyperbole. These regulations regulate Bitcoin businesses, not individuals.
July 26, 2014, 10:55:45 PM
Forfeit Bitcoins that are inactive for over 5 years to the State of New York - (200.12c)
Am I reading this right?
Am I reading this right?
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