Re:The Internet Trolls the FBI’s “Private” Bitcoin Wallet
by Karunamon on Monday October 07, 2013 @03:31PM
(#6510599)
>Because, if you attempt to use it to prevent asset forfeiture now your breaking money laundering laws.
That would require intent to be proven.
(Not impossible or unfalsifiable, but it's another hurdle)
>Additionally, a judge could put you in prison indefinitely until you disclose and transfer your bitcoins.
If a third party spends those coins because they have the wallet file, the other copy of the wallet file becomes worthless and is no longer in your control to do anything with.
>Finally, the public paper trail of bitcoins will make it hard to "hide" them.
Not really. Between tumbling services, and the fact that it's stupidly easy to create a wallet out of thin air, at that point you've broken the ownership chain. (If wallet 123, known to belong to me, sends coins to wallet 456, you can't prove whether wallet 456 is under my control unless you happen upon the file in my possession).
That would require intent to be proven.
(Not impossible or unfalsifiable, but it's another hurdle)
>Additionally, a judge could put you in prison indefinitely until you disclose and transfer your bitcoins.
If a third party spends those coins because they have the wallet file, the other copy of the wallet file becomes worthless and is no longer in your control to do anything with.
>Finally, the public paper trail of bitcoins will make it hard to "hide" them.
Not really. Between tumbling services, and the fact that it's stupidly easy to create a wallet out of thin air, at that point you've broken the ownership chain. (If wallet 123, known to belong to me, sends coins to wallet 456, you can't prove whether wallet 456 is under my control unless you happen upon the file in my possession).