Re:Crypto in 2026: Oh, This Is the Bad Place
by close04 on Tuesday June 23, 2026 @02:04PM
(#48648841)
> Only if you ignore the practical differences.
You'd think that it would be easier to just name a few but here we are discussing burying a bitcoin seed under a grave in Timbuktu.
Re:Crypto in 2026: Oh, This Is the Bad Place
by mothballed on Tuesday June 23, 2026 @02:07PM
(#48648891)
I used that because it was charitable to the fiat argument because you could put both the fiat and crypto into the hidden hole in a way that would make seizing fiat money as difficult as seizing the crypto. If you don't like that, you can simply memorize a seed phrase in your head, it will accomplish essentially the same thing in a far more practical and more commonly practiced manner. If you insist on the realistic case it's far more charitable to crypto than fiat but I stretched it to be kind to your argument -- clearly a mistake since you only took it as an opportunity for hostility.
It's not the same. That's why governments and the FATF at great cost and effort spent decades snuffing out anonymous bank accounts and bearer assets, they didn't do it for the lolz. If you take the person away from the money then any surviving persons can escape and reclaim the money. The person in jail can utter the code/location to a comrade, maybe even before they go to jail. In a western country, the person might even be released from contempt after a time (decades+ contempt sentences are so rare they make headlines) and if criminally charged they will often be out on bond where they can utter the location/codes to others. It's a completely different animal than the government seizing the actual asset and putting it in its vault guarded by armies of police or military as non-human seizure.
>There is no difference for all practical purposes
Only if you ignore the practical differences.