Protect yourself against Civil Asset Forfeiture

[D05GTO]

That's right!   They can seize your bank accounts, cars, house but can't take Bitcoins.  So the bank account is safe.

Now, I was reading an article that was put out recently and that goes hand and hand with the company 21 "Internet of Things".  You know that they will have some kind of smart hardware.

From the article
"Or maybe you're the physical goods type. Maybe you want your assets piled high and wide. In that case, what if the steering wheel of your Tesla wouldn't unlock unless the driver enters a private key? What if the electricity in your smarthouse wouldn't turn on without it?

This is the promise of smart property: physical goods equipped with computer chips which only offer full accessibility with the owner's private key."

Just something to think about.

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[Cult]

There will always be the possibility for a 'reset', this will not be adopted without such possibility, people cannot lost a private key and have their car, phone, fridge, computer, etc, completely unusable.

[HI-TEC99]

There will always be the possibility for a 'reset', this will not be adopted without such possibility, people cannot lost a private key and have their car, phone, fridge, computer, etc, completely unusable.

That's what annoys me about those biometric safes, they always have a backup method to open them using a key. If someone steals your key all the biometric security features are useless, your valuables will still get stolen. You're probably right, if they locked things with bitcoin keys they would always include a backup method of unlocking them using a real physical key.

[Cult]

There will always be the possibility for a 'reset', this will not be adopted without such possibility, people cannot lost a private key and have their car, phone, fridge, computer, etc, completely unusable.

That's what annoys me about those biometric safes, they always have a backup method to open them using a key. If someone steals your key all the biometric security features are useless, your valuables will still get stolen. You're probably right, if they locked things with bitcoin keys they would always include a backup method of unlocking them using a real physical key.

Although, it can be made hard enough to prevent common theft...

[BitcoinChica]

Crazy stuff. But I think over time taking a USB stick won't be too much to ask when it comes to police and once that .dat is found...

[jaysabi]

That's right!   They can seize your bank accounts, cars, house but can't take Bitcoins.  

Didn't they take Silk Road owner's bitcoins? Seems if they are determined to take your stuff, they will.

[Chef Ramsay]

Sen. Rand Paul on opposing Loretta Lynch nomination and civil asset forfeiture
https://www.youtube.com/watch?v=qdzFci2UrRg

[Bizmark13]

That's right!   They can seize your bank accounts, cars, house but can't take Bitcoins.  So the bank account is safe.

Now, I was reading an article that was put out recently and that goes hand and hand with the company 21 "Internet of Things".  You know that they will have some kind of smart hardware.

From the article
"Or maybe you're the physical goods type. Maybe you want your assets piled high and wide. In that case, what if the steering wheel of your Tesla wouldn't unlock unless the driver enters a private key? What if the electricity in your smarthouse wouldn't turn on without it?

This is the promise of smart property: physical goods equipped with computer chips which only offer full accessibility with the owner's private key."

Just something to think about.

Wouldn't it be easy to circumvent the security mechanism though? If a steering wheel is locked using a chip or the electricity in a smart house is controlled by a chip, it would be pretty trivial to simply yank it out and replace it with another one.

Most computers these days come with a security chip that can prevent access to anyone who doesn't provide the right password. It's usually possible to reset the password by physically de-soldering this chip from the motherboard and replacing it with a new one. A door that only opens when you provide the correct password is another example of a physical good that restricts access via application of cryptographic principles. In such a case, someone without a password could simply smash the door down.

[freequant]

The only way to protect yourself against the moral setback that comes with seizure of your property is not to protect your property (you can't) but to protect your mind (you can) by abandonning materialism. If you don't care about property, you won't bother seeking property, won't attach to property emotionally, and will therefore be safe from all and every attacks of that seek to wrong you at a materialistic level.

[jennings]

That's right!   They can seize your bank accounts, cars, house but can't take Bitcoins.  So the bank account is safe.

Now, I was reading an article that was put out recently and that goes hand and hand with the company 21 "Internet of Things".  You know that they will have some kind of smart hardware.

From the article
"Or maybe you're the physical goods type. Maybe you want your assets piled high and wide. In that case, what if the steering wheel of your Tesla wouldn't unlock unless the driver enters a private key? What if the electricity in your smarthouse wouldn't turn on without it?

This is the promise of smart property: physical goods equipped with computer chips which only offer full accessibility with the owner's private key."

Just something to think about.

Cant the gov just remove the "smart lock" and replace it?!?! 

[jaysabi]

The only way to protect yourself against the moral setback that comes with seizure of your property is not to protect your property (you can't) but to protect your mind (you can) by abandonning materialism. If you don't care about property, you won't bother seeking property, won't attach to property emotionally, and will therefore be safe from all and every attacks of that seek to wrong you at a materialistic level.

This logic can be extended to anything. The only way to protect yourself against being unjustly imprisoned is to abandon your attachment to your freedom. Doesn't that seem silly?

[jaysabi]

Sen. Rand Paul on opposing Loretta Lynch nomination and civil asset forfeiture
https://www.youtube.com/watch?v=qdzFci2UrRg

My husband BurtW and I have recently learned all about civil forfeiture and Bitcoins the hard way.  I've started a related thread at https://bitcointalk.org/index.php?topic=1005634.0  

The feds will get your Bitcoins no matter what you do unless you are willing to spend time in a federal prison.  We have to end civil forfeiture.

Institute for Justice (http://www.ij.org/) has been filing, and winning, lawsuits all over the country related to civil forfeiture. It's a great organization.

[countryfree]

The solution is to spread your assets among several countries, without anyone knowing what you own on the other side of the border. This what I'm doing, as are all my friends and all my clients.

[Beliathon]

The solution is to spread your assets among several countries, without anyone knowing what you own on the other side of the border.

Sounds like a solution available only to the wealthiest ten percent or so.

What assets? My computer? My rolling papers? We the many have no assets. That's the problem.

Spreading your assets across borders won't help you when the many of every nation finally wake up and claim their fair share.

[coinits]

Microsoft accepts BTC - http://www.gizmag.com/microsoft-accepts-bitcoin/35209/

Sir Richard Branson of Virgin is invested in BTC. One of his employees, Beth Moses, is chairman of the Bitcoin Foundation - http://www.coindesk.com/bitcoin-foundation-standardise-bitcoin-symbol-code-next-year/

Winklevoss Twins - Bitcoin ETF Files to Sell 1 Million Shares (Nasdaq: COIN) - http://www.coindesk.com/winklevoss-twins-plan-regulated-us-bitcoin-exchange/

New York Stock Exchange invests $75 million into a Bitcoin startup called Coinbase - http://www.pymnts.com/news/2015/nyse-usaa-and-bbva-make-75m-coinbase-investment/#.VSOs4uHGGmw

I would ask the Feds if you need a license to exchange US Dollars for Canadian Dollars. Exchanging US Dollars for Bitcoin is the same principle. It is exchanging one form of currency for another. You do not need a license for that.

Investment is a ruse! I can 'invest' in US Dollars too. Do I need a license for that?

Hey Feds reading this. You are on the losing side. Your own fucking handlers are selling it in auction. Did they have a license? https://www.google.com/?gws_rd=ssl#q=US+Marshal+Service+sells+bitcoins

Wake the fuck up and come to the light before the truth revolution tosses you into the scrap heap of irrelevance.

[aurel57]

The solution is to spread your assets among several countries, without anyone knowing what you own on the other side of the border. This what I'm doing, as are all my friends and all my clients.

The problem is the US dollar is the world reserve capital of the world.. (For now that is) .... But the U.S. government has already made other counties banks do things in their country and if they don't follow the U.S.'s wishes then the U.S. Banking will no longer let them do business with them. Most other banks (and governments) have caved to this pressure. But now with what we seeing going on in China and with the U.S. financial problems we may very well see the world reserve money change from the dollar. At that point I will be glad that I have diversified and with BTC being part of that.

[dmwardjr]

The solution is to spread your assets among several countries, without anyone knowing what you own on the other side of the border.

Sounds like a solution available only to the wealthiest ten percent or so.

What assets? My computer? My rolling papers? We the many have no assets. That's the problem.

Spreading your assets across borders won't help you when the many of every nation finally wake up and claim their fair share.

You progressive, covetous twit!!!!  Take your "spread the wealth" covetous ass to another forum!!!

[BurtW]

Good news today:

http://dailycaller.com/2015/04/10/breaking-new-mexico-gov-abolishes-civil-asset-forfeiture-bill/

One down, 49 more to go.

[BurtW]

EVEN BETTER NEWS!

The Department of Justice announced this week that it’s suspending a controversial program that allows local police departments to keep a large portion of assets seized from citizens under federal law and funnel it into their own coffers.
 
The “equitable-sharing” program gives police the option of prosecuting asset forfeiture cases under federal instead of state law. Federal forfeiture policies are more permissive than many state policies, allowing police to keep up to 80 percent of assets they seize – even if the people they took from are never charged with a crime.

http://www.msnbc.com/rachel-maddow-show/justice-department-ends-key-civil-forfeiture-program

http://www.redstate.com/2015/12/27/civil-asset-forfeiture-congress/

http://www.dailykos.com/stories/2015/12/28/1464215/-In-big-news-Very-significant-part-of-the-civil-forfeiture-program-is-shutting-down?detail=email

[franky1]

glad im not in america. 80%!! damn that is just thieving.. no wonder police love doing road checks and random stops..

did you get ALL your funds back, or just 20% and have you learned to not have private keys in places a search warrant can get access to..

EG not in plaintext format on paper. but using another form of storage involving your brain.. thus you can use your right to silence to not tell them how to decode the ciphered paper wallet