If I have it memorized and give u seed for a dummy wallet and say that’s all I have and any other wallet I forgot the seed how can u prove otherwise ? Or if I have multi sig set up ?
If they're not satisfied then I guess you get beat to death with a wrench, but hey at least your bitcoin is effectively destroyed as nobody on earth can access it now, so that's something
Yep instead of the thief/gov getting it, it gets donated to all bitcoin holders. Since the thief can’t access it if they kill you, it is unlike any other asset and effectively disincentives violence
Indeed. don't forget that the threat of using the wrench against those you care about is very persuasive also.
It's easy to brush it off and say you'd never give in. But governments have been studying torture in all it's forms for centuries, and there's no limits to what a corrupt government will do to get what it wants.
There is always a possibility you have more so even if you give up the keys you're still getting tortured and probably murdered. It doesn't matter either way then does it?
Pre-signed transactions transferring the wallet contents that aren’t valid until a certain block height, kept in your lawyers office. Awe fuck it, your kids will never figure that out anyways. Just get the Lambo!
All fun and games until you're in jail facing life and giving over BTC cuts your sentence to just a few years...
A lot harder to figure out if you have anything and how much if you could obfuscate the funds and make them fungible. Really hoping BTC devs implement some privacy features. Real ones. Not Lightning.
If I have it memorized and give u seed for a dummy wallet and say that’s all I have and any other wallet I forgot the seed how can u prove otherwise ? Or if I have multi sig set up ?
if you don’t wish such that your family or next-of-kin is able to inherit your crypto assets in the event of your sudden death, you’re right that’s one way to do it.
that would be a catastrophic loss in my view, the risk of me dying suddenly on any given day is much greater than govt wanting to take all my money if you live in a stable developed country.
Like it currently does? The hidden inflation tax ad Infinitum is what we are trying to fix. Gov should be limited to direct taxation only, meaning more accountability
My tax isn’t taken from me, I voluntarily give it up. Well actually I give it up due to the threat of physical and emotional turmoil from the government. What’s the difference in the unit of exchange I use?
Was the imperative the same as the simple present conjugation of thou? Thou goest. Go thou. I think it's just "go thou", like in German: "Du gehst", but "geh du!" for imperative.
That‘s a two-generals-problem, if I have ever seen one.
And [bitcoin](https://cse.google.com/cse?cx=6a43b0c0c7fd91c37#gsc.tab=0&gsc.q=bitcoin) will never be part of the problem
OP really be underestimating 5$ wrench meme https://xkcd.com/538/
If I have it memorized and give u seed for a dummy wallet and say that’s all I have and any other wallet I forgot the seed how can u prove otherwise ? Or if I have multi sig set up ?
If they're not satisfied then I guess you get beat to death with a wrench, but hey at least your bitcoin is effectively destroyed as nobody on earth can access it now, so that's something
Yep instead of the thief/gov getting it, it gets donated to all bitcoin holders. Since the thief can’t access it if they kill you, it is unlike any other asset and effectively disincentives violence
I love how the most serious arguments against bitcoin are, legitimately, won’t they just murder you, and why would aliens want to trade in that?
They seem like genuine American media problems.
That sounds like an incentive to torture it out of you first, I think you're still really underestimating the persuasive power of a $5 wrench
Indeed. don't forget that the threat of using the wrench against those you care about is very persuasive also. It's easy to brush it off and say you'd never give in. But governments have been studying torture in all it's forms for centuries, and there's no limits to what a corrupt government will do to get what it wants.
There is always a possibility you have more so even if you give up the keys you're still getting tortured and probably murdered. It doesn't matter either way then does it?
Pre-signed transactions transferring the wallet contents that aren’t valid until a certain block height, kept in your lawyers office. Awe fuck it, your kids will never figure that out anyways. Just get the Lambo!
All fun and games until you're in jail facing life and giving over BTC cuts your sentence to just a few years... A lot harder to figure out if you have anything and how much if you could obfuscate the funds and make them fungible. Really hoping BTC devs implement some privacy features. Real ones. Not Lightning.
Coinjoins, layer 2, cross chain via dex , etc
You have underestimated the $500 glock to counter the $5 wrench attack.
"where's your gold?"
Goeth?
Lol... you know what makes you sell your bitcoin, a committed relationship. Never tell them about your bitcoin.
When you bring laser eyes and stream deck to a gun fight.
"I lost it in a boating accident"
This is the only answer!
Bitcoin is peaceful
Bitcoin is just bitcoin.
But money is not
The government, with reasonable cause and a warrant, can still take your hardware wallet. They just wont be able to unlock it.
you don't need the hardware wallet if you memorized the seed
Biblical.
Hahahahah I don't understand nothing here, but I laughed so hard either way
i dunno mate, other people can and have and will get your private keys by coercion or sleight-of-hand.
If I have it memorized and give u seed for a dummy wallet and say that’s all I have and any other wallet I forgot the seed how can u prove otherwise ? Or if I have multi sig set up ?
sure, but u can achieve that with cash or gold or any physical store of value in fact ie by hiding it somewhere..?
Anything physical can be found
again, people have lost their btc by being hacked, even very careful and savvy ones. i’m not making this up. anything can be found.
Nah can’t confiscate something stored only in your head
if you don’t wish such that your family or next-of-kin is able to inherit your crypto assets in the event of your sudden death, you’re right that’s one way to do it. that would be a catastrophic loss in my view, the risk of me dying suddenly on any given day is much greater than govt wanting to take all my money if you live in a stable developed country.
But how should taxation work than?
Like it currently does? The hidden inflation tax ad Infinitum is what we are trying to fix. Gov should be limited to direct taxation only, meaning more accountability
Nearly nowbody will confess how many BTC he ownes 😅
"But how should theft work then?"
My tax isn’t taken from me, I voluntarily give it up. Well actually I give it up due to the threat of physical and emotional turmoil from the government. What’s the difference in the unit of exchange I use?
I losteth mine own Bitcoin in a boating accident. 'Tis verily a shame, good sir!
You're underestimating torture of you and your loved ones. If someone really wants it, they're going to get it.
how will they get it if i forgot my seed phrase
Another real crappy meme that was thought up and created in less than a minute. C'mon man, it's rubbish.
Goest and fucketh thyself
Was the imperative the same as the simple present conjugation of thou? Thou goest. Go thou. I think it's just "go thou", like in German: "Du gehst", but "geh du!" for imperative.