Lol what the hell does that have to do with anything? You could still give it to your children, open a brainwallet that uses a certain hash to generate a private key and just remember the password and repeat it every morning for prayers.
You are more than welcome to start a decentralized blockchain of exchanging bungholes in the shower if you want to.....
The point I'm making here is, if you have 100 BTC hidden from sight, and you're slapped with a fine worth somewhere close to that 100 BTC worth of $, then your wealth is going to be sapped either way; the ability to hide BTC is no protection from anything but what happened in 1933, but even then, if BTC is criminalized, BTC doesn't have much use when no legitimate business can operate with it; then it really would be used only for drugs.
Of course they will! If you still have money left to
bribe the system hire a good lawyer, your chances of getting out of prison greatly increase!
He he I wonder how well pirate will fare in this case
The government already said it is not illegal though....... so problem solved. I know one Bitcoin merchant that already has 10k business wanting to use them. When the FED said that it is subject to money laundering laws, that in of itself says its not illegal, nor is it going to be.
If they were going to make it illegal, they would have done so right then and taken far more than 10 million from Mt Gox.
I don't believe they will ever make it illegal. They cannot stop the use of Bitcoin, making it illegal risk's sending the exchanges overseas and letting other countries gain more market share in the US market. They will NEVER lose out on all that money.
Plus the efficiency in which you can donate to charities speaks bodes, and I am sure they will capitalize on that too.
Just think about small things like being able to donate to your kids public school and the anonymity it could provide. I cannot donate much so I can't make it public, and would feel awkward handing my kids teacher cash. But if they had a Bitcoin wallet, I would have no problem shooting some satoshi's over every now and again. A lot of teachers ending up spending money out of their pocket for kids supplies, and they cannot directly ask parents either. This would save me the trouble of going to the dreaded auction style events held at the school to raise money. This is just one way my community could benefit from Bitcoin directly. That is off the top of my head. The possibilities are endless.
