Bitcoin Forum

As per title.

Unions are held over a barrel by arbitrary laws that are put in place to restrict their freedoms and practices. When the random and unnecessarily punitive/restrictive laws are inevitably breached, the unions activities are deemed unlawful.
Ultimately the end result is that union funds (held in banks) can be seized/sequestrated.
ie. ordinary workers do not have sovereignty over their own assets.

Could anyone out there come up with some ideas about how union funds could be held, such that they are transparent and auditable, but completely safe from seizure ?

I know of course that bitcoin wallets can be used etc but I would be particularly interested if anyone has any experience of the practical implementation of such a scheme - in particular in the use of multi sig wallets in such an environment.

I'm asking a lot I know - but I'm not a technical expert and would appreciate someone confirming the viabilty of such a setup, local laws notwithstanding.

It might not be unions that you have experience of, but a setup something similar.

Thanks in advance.

This would be a good idea for some kind of business.

As for to how to store them, the best way is cold storage to ensure the best chance of them not getting hacked/stolen.

What is cold storage? It means your Bitcoin are not visible on the network and/or no one has access to the private key but you. The best cold storage method are called paper wallets.

A paper wallet is JUST LIKE CASH. Picture hold $10 in your hand. A paper wallet is the exact same. You put your keys on a piece of paper and then keep it in a safe or somewhere secure like a bank and no one could ever steal your coins. When it is time to access your coins, simply use the private key on said paper to unlock the wallet/address and you are free to use your Bitcoins. It really is amazing and sad people don't know about it.