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Topic: Celebrities Embracing bitcoin because of Divorce? - page 2. (Read 394 times)

legendary
Activity: 1722
Merit: 5937
Grin Because we are regular people so we don't think like them. Trust me, most of those marriages are Businesses, the man knows this woman will be happy to take off with half his wealth WHEN divorce happens and not IF it will, cos it will in 80% case so there is less trust so the best asset you can hide now would be your Bitcoin Grin Grin Grin
If I had this view of marriage that my (future) wife is only after my money, I would never get married, as simple as that. Or I would ask for prenuptial agreement (good luck with that Cheesy). But seriously, getting into marriage and then hiding money from my family members looks like a nightmare to me.

full member
Activity: 1512
Merit: 115
It is good to be smart in life, even if the end is not good, I am not saying it is good to be bad, but to just be smart. Before wedding, it is not bad to have bitcoin holdings that your spouce will never know about. After you wed, it is not bad to have some holdings your wife will not be entitled too but your hirer, these are things you will never tell your spouse.
Call me naive but honestly that sucks, that prior to wedding you hide part or all of your  crypto holdings from your future wife. I mean, why the hell would I marry someone if I can't trust her in the first place?

Grin Because we are regular people so we don't think like them. Trust me, most of those marriages are Businesses, the man knows this woman will be happy to take off with half his wealth WHEN divorce happens and not IF it will, cos it will in 80% case so there is less trust so the best asset you can hide now would be your Bitcoin Grin Grin Grin
legendary
Activity: 1414
Merit: 1118
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This is something very rare to happen. If such scenario happens, then it is upto the investigation team to clarify what all assets available and find the holdings. Further the court can give the judgement on the same. It can request the investigation team to find the capital spend and the net worth. From that the division can be done on such occasion of divorce.
For anyone that like privacy, it will be hard for laywer, court or government agency in charge of that to know but people can make mistakes, if I am the one, it will be hard. It is what the court know that will be used to make judgement, not what they do not know. Bitcoin has open blockchain but some people are having privacy even to the extent it will be heard to link a bitcoin transaction to them.
legendary
Activity: 2828
Merit: 1497
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Such a weird topic but I can't deny that some people may have done it or in the process of doing so. The problem with these celebrities is that most of them started late. I mean it's probably harder to hide your fiat to crypto transactions now since KYC is already a norm among exchanges.
The only ones which I can think of at the moment who are very well-known and started early were Akon and Paris Hilton.
Akon did with establishing he will be building a bitcoin city and Hilton I think she bought a bunch of Lealana coins and apparently knows ethereum founder Vitalik and the other founder.
This article came up after doing a quick search.
https://www.cnbc.com/2022/01/26/paris-hilton-has-invested-in-crypto-since-2016-heres-why-shes-betting-big-on-nfts-and-the-metaverse.html
Think she recently got married but I doubt even if she did get divorced her current husband would  be after her other riches than her bitcoin and crypto holdings.
legendary
Activity: 3164
Merit: 1213
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This is something very rare to happen. If such scenario happens, then it is upto the investigation team to clarify what all assets available and find the holdings. Further the court can give the judgement on the same. It can request the investigation team to find the capital spend and the net worth. From that the division can be done on such occasion of divorce.
hero member
Activity: 2338
Merit: 757
After reading the latest comments, i still can't release what do you mean by the term of "Divorce". I mean i can't imagine that someone (either it's a celeberity or not) would think using bitcoin as a plan b to cover his assets in case of divorce.
This is a weird funny scenario imo.
Imagine how someone will spend his live with someone while he has to hide his secret keys to avoid loss after divorce.
legendary
Activity: 3122
Merit: 1389
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In my country, not everything is shared 50/50 when filing for a divorce. In fact, any personal earnings remain personal, and any property bought by one person is considered personal as well. Only that which qualifies as property that was acquired in marriage with common effort is in question during a divorce. The op also mentions that Bitcoin is also shared, and questions can be asked about it in court, so they'd have to hide it if they don't want it to be shared, and false statements in court is an offense. So I don't think Bitcoin is being embraced over fears of divorces.
legendary
Activity: 1946
Merit: 1224
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I don't really care the purpose for which people want to use their Bitcoin, but honestly I actually thought out spouses always stood out as the one person whom we would share our seed phrases with, and other personal information about our Bitcoin funds in case of any unforeseen circumstance, but suggesting it's now being used to hide 'things' from spouses is now somewhat weird to take in.

But that said, if people choose to do it that way, then it's prolly not a bad idea if it works for them, after all, Bitcoin is a decentralized currency, and if people decide to be 'anonymous' from everyone, including their spouse, then that's fine for them as long as they do so without any traces whatsoever.
hero member
Activity: 1862
Merit: 830
Even if they were holding their assets still it would not be a safe bet. Since at the end of the day they might be taken to the court and then they might have to pay the sum to their spouses as well. People cannot hide their assets that much KYC is everywhere therefore it's hard, you can definately use a paper wallet or something but then again it might be a bit hard but intelligent move to do that. Then again it's illegal and should be taken care of. Your spouse might already know about your bitcoins as well. In some countries it is considered as an asset so would be divided half and half no matter what. So at the end you can just get extra sued for it.
hero member
Activity: 2870
Merit: 612
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the household life of artists who always marry and divorce, making them turn to bitcoin to hide their wealth, this is a good idea, but I have never heard of this case, maybe this is the only way to hide their wealth, because if they divorce their assets they will definitely be sued by a lawyer, and will be processed by a judge, to make a distribution..

It won't be long there will be movies related to parents having a divorce while each of the member of the family just divides the cryptocurrency they have thru the help of the lawyer whos expertise includes blockchain wealth.

Parties hiding their wealth to each other is actually common to partners. You just cant know someone until they are caught, some people live a double life.
hero member
Activity: 2912
Merit: 674


Well, anybody can use any investment tool for that matter to make sure that he or she can be financially independent in case something untoward happen like a divorce. But come to think of it, the best thing to do is to have a pre-nuptial agreement that must state that any party of the marriage can get involved with cryptocurrency and that the other one will not any stakes on it...unless of course a partnership agreement can be agreed upon during the marriage. Anyway, we know how destructive a divorce is so I think the best thing to do is both parties work hard to make a marriage a big success.
I think all married couples are working hard just for their relationship to work and be successful so they won't end up being broken. Unfortunately, not all are lucky enough having their partners. This is where divorce enters.

However, its better to specify all your assets or investments, or even debts, be it in bitcoin, stocks, or real estate before making the prenuptial agreement. Particularly for big celebrities who also make big earnings. This will avoid the forthcoming problems that may arise in the future particularly to where the property will go after a marriage.
sr. member
Activity: 1330
Merit: 289
The thread is interesting to read twice, Bitcoin is currency every body want to have so is not surprising that footballers and music entertainment industry embrace payment with bitcoin. Most of them before was not regarding Bitcoin but i can see that they have seen the regulation and the values that is why some of them agree payment with Bitcoin , so having Bitcoin is like some one that have shares that gives return for long time, if i wish to work with good company i will like to pay with bitcoin
member
Activity: 1204
Merit: 49
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Well, anybody can use any investment tool for that matter to make sure that he or she can be financially independent in case something untoward happen like a divorce. But come to think of it, the best thing to do is to have a pre-nuptial agreement that must state that any party of the marriage can get involved with cryptocurrency and that the other one will not any stakes on it...unless of course a partnership agreement can be agreed upon during the marriage. Anyway, we know how destructive a divorce is so I think the best thing to do is both parties work hard to make a marriage a big success.
full member
Activity: 1736
Merit: 121
It is good to be smart in life, even if the end is not good, I am not saying it is good to be bad, but to just be smart. Before wedding, it is not bad to have bitcoin holdings that your spouce will never know about. After you wed, it is not bad to have some holdings your wife will not be entitled too but your hirer, these are things you will never tell your spouse.
Call me naive but honestly that sucks, that prior to wedding you hide part or all of your  crypto holdings from your future wife. I mean, why the hell would I marry someone if I can't trust her in the first place?


It will be a marriage domed already to fail because there will exist alot of hiding, insecurity and lack of comfort in that all. Lies will be the house name because you need another lie to cover the previous one said. Covering traces is not needed before you enter into such relationship except that while in the marriage then things start changing.
hero member
Activity: 2590
Merit: 644
the household life of artists who always marry and divorce, making them turn to bitcoin to hide their wealth, this is a good idea, but I have never heard of this case, maybe this is the only way to hide their wealth, because if they divorce their assets they will definitely be sued by a lawyer, and will be processed by a judge, to make a distribution..
^ Call me selfish but I think that is a good idea, though it is a smart idea to plan for your future ahead of time being married by hiding the majority of your wealth, especially if you don't know your partner or need to keep your wealth hidden from your partner. Becoming a well-known celebrity is so widespread in our society, most of their lovers marry them for their fortune rather than their love. As a result, it is an advantageous weapon for them to protect their wealth from their profiteer partners when the time they decided to get divorced. This is truly how to use BTC that can hide wealth against those who wanted your wealth, even you ex-spouse that has a lawyer that ready to split your wealth has nothing to do once it is converted to BTC.
legendary
Activity: 1722
Merit: 5937
It is good to be smart in life, even if the end is not good, I am not saying it is good to be bad, but to just be smart. Before wedding, it is not bad to have bitcoin holdings that your spouce will never know about. After you wed, it is not bad to have some holdings your wife will not be entitled too but your hirer, these are things you will never tell your spouse.
Call me naive but honestly that sucks, that prior to wedding you hide part or all of your  crypto holdings from your future wife. I mean, why the hell would I marry someone if I can't trust her in the first place?
full member
Activity: 1834
Merit: 166
Such a weird topic but I can't deny that some people may have done it or in the process of doing so. The problem with these celebrities is that most of them started late. I mean it's probably harder to hide your fiat to crypto transactions now since KYC is already a norm among exchanges.
But still we can't say that celebrities have started late as KYC is not a big exposure for them because they can submit the documents of any other person with the exchange and remain unknown to the others with their investments.But this topic doesn't fit in the category so nothing much to say about it.
hero member
Activity: 3024
Merit: 680
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I've seen a divorce that gone wrong because the entire tangible assets of the couple has been cut into half, yeah, literally sliced for their 50/50 share. It's crazy as it seems but they really are going with the law about their conjugal property.

About owning bitcoin, it's about the faithfulness of the both of them. My wife knows that I've got some holdings but she never accessed it and I've told her that never speak in public about it. I guess this goes to the communication of the couple and for the single men/women, it's up to you if you're going to introduce yourself as a bitcoin investor to the love of your life when you find them.
hero member
Activity: 1078
Merit: 509
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I think this is complicated, will any on them wiling to share the private key to their bitcoins?

What if they claim that they have lost the private keys? can the court force someone to divulge the keys or how can they proved that they are telling the truth about losing their private keys?

So yeah, I guess pre-nuptial agreement is a thing to do, and most likely this is what celebrities are doing right now isn't it?
If the other half refuses to share his bitcoin asset to his partner by lying that he lost the private keys, then he will be put into further investigation. However, if the bitcoin asset has been acquired before the marriage, once the couple decides to divorce, that asset or property will remain as the person's separate property, so the other half does not have the power to split the asset.

The learned men (Lawyer), as they are being called by their colleagues, have some truth wizards in their firm that can dictate if someone is lying about their private keys. They use behaviors like body language to spot deception and discover the truth from a spouse that it's lying. However, I know less about the pre-nuptial agreement but, it's a good idea to take such steps because the world has changed enough, and people now see divorce as a get-rich-quick scheme. No man is perfect!
hero member
Activity: 2912
Merit: 613
I think this is complicated, will any on them wiling to share the private key to their bitcoins?

What if they claim that they have lost the private keys? can the court force someone to divulge the keys or how can they proved that they are telling the truth about losing their private keys?

So yeah, I guess pre-nuptial agreement is a thing to do, and most likely this is what celebrities are doing right now isn't it?
If the other half refuses to share his bitcoin asset to his partner by lying that he lost the private keys, then he will be put into further investigation. However, if the bitcoin asset has been acquired before the marriage, once the couple decides to divorce, that asset or property will remain as the person's separate property, so the other half does not have the power to split the asset.
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