How the Feds Can Take Even Legally Earned Bitcoins

Re:How the Feds Can Take Even Legally Earned Bitcoins by pmorici on Saturday February 22, 2014 @06:41PM (#7284159)

What is the point of this article? If he is saying that anything that can be shown to have passed through the hands of a criminal in the past could be seized then absolutely nothing is safe even cash and especially any electronic transaction. That this is the case is sad but it's not unique to Bitcoin.

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Re:How the Feds Can Take Even Legally Earned Bitcoins by JumpCrisscross on Saturday February 22, 2014 @06:47PM (#7284187)

Legal tender and negotiable instruments, e.g. cheques, are exempt from the nemo dat rule [1].

[1] http://en.wikipedia.org/wiki/Nemo_dat_quod_non_habet#United_...

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Re:How the Feds Can Take Even Legally Earned Bitcoins by pmorici on Saturday February 22, 2014 @07:03PM (#7284251)

That Wikipedia article seems to be talking about goods that were stolen and then resold but the Bloomberg piece is talking about the government seizing things which they think were involved in a illegal transaction w/o claim that anything was stolen just that one of the goods exchanged might have been illegal in the eyes of the law.

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