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Dusty
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June 12, 2014, 03:21:53 PM |
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Is this a new policy or this is the way it's always been?
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Dogtanian
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June 12, 2014, 03:30:31 PM |
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I think the money in some countries like Australia becomes the property of the government after its been idle for so long. It's fucked up. I hope people can actually get their money back if they've just not touched it for a while.
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lynn_402 (OP)
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June 12, 2014, 03:45:35 PM |
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Is this a new policy or this is the way it's always been?
I'm not familiar with australian policies, but the article does say: "$360 million was collected from 80,000 inactive accounts in the year to May under new rules introduced by Labor. The new rules lowered the threshold at which the government is allowed to snatch funds from accounts that remain idle from seven years to three years." |
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2dogs
Legendary
 Offline
Activity: 1267
Merit: 1000
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June 13, 2014, 07:35:07 AM |
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Quantus
Legendary
Offline
Activity: 883
Merit: 1005
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June 13, 2014, 01:09:14 PM |
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Is this real? I don't believe it.
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(I am a 1MB block supporter who thinks all users should be using Full-Node clients) Avoid the XT shills, they only want to destroy bitcoin, their hubris and greed will destroy us. Know your adversary https://www.youtube.com/watch?v=BKorP55Aqvg |
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BurtW
Legendary
Offline
Activity: 2646
Merit: 1136
All paid signature campaigns should be banned.
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June 13, 2014, 01:14:27 PM |
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Is this real? I don't believe it.
Best news I have heard in a long time (for Bitcoin). |
Our family was terrorized by Homeland Security. Read all about it here: http://www.jmwagner.com/ and http://www.burtw.com/ Any donations to help us recover from the $300,000 in legal fees and forced donations to the Federal Asset Forfeiture slush fund are greatly appreciated! |
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Quantus
Legendary
Offline
Activity: 883
Merit: 1005
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June 13, 2014, 01:15:18 PM |
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Dose the US have similar laws?
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(I am a 1MB block supporter who thinks all users should be using Full-Node clients) Avoid the XT shills, they only want to destroy bitcoin, their hubris and greed will destroy us. Know your adversary https://www.youtube.com/watch?v=BKorP55Aqvg |
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bitsmichel
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June 13, 2014, 02:08:33 PM |
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Is this real? I don't believe it.
probably real, similar stuff happened in Greece, Cyprus and many other countries. The general trend is now, profits are for a select few, losses have to paid by society... strange way to run a business if you ask me. |
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ClutchThese
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June 13, 2014, 02:22:42 PM |
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Dose the US have similar laws?
I sure hope not! That's nuts. So what kind of accounts does this apply to? I mean, if you have an investment account and leave it be for a number of years, now you have to worry if it will even be there at the end? I call BS on this story. |
Signature for Rent - PM if Interested
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indiemax
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June 13, 2014, 02:39:15 PM |
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Dose the US have similar laws?
I sure hope not! That's nuts. So what kind of accounts does this apply to? I mean, if you have an investment account and leave it be for a number of years, now you have to worry if it will even be there at the end? I call BS on this story. Sorry to say but it's true,the UK are going to do it too |
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BurtW
Legendary
Offline
Activity: 2646
Merit: 1136
All paid signature campaigns should be banned.
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June 13, 2014, 02:48:30 PM |
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Dose the US have similar laws?
I sure hope not! That's nuts. So what kind of accounts does this apply to? I mean, if you have an investment account and leave it be for a number of years, now you have to worry if it will even be there at the end? I call BS on this story. Sorry to say but it's true,the UK are going to do it too "Bitcoin users were not affected" |
Our family was terrorized by Homeland Security. Read all about it here: http://www.jmwagner.com/ and http://www.burtw.com/ Any donations to help us recover from the $300,000 in legal fees and forced donations to the Federal Asset Forfeiture slush fund are greatly appreciated! |
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RodeoX
Legendary
Offline
Activity: 3066
Merit: 1147
The revolution will be monetized!
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June 13, 2014, 02:53:19 PM |
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Dose the US have similar laws?
I don't really know the laws here, but I seem to remember similar actions by the U.S. It was a little different however, I believe the accounts were decades old and mostly of people who died long ago with their accounts forgotten or unknown to others. But three years.  Man, that's no time at all. |
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Bit_Happy
Legendary
Offline
Activity: 2100
Merit: 1040
A Great Time to Start Something!
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June 13, 2014, 03:01:37 PM |
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Australia should treat their people better. If they try to fight this they end up in a kangaroo court.  Seriously, I have/had a generally good impression of Australia and wanted to visit there someday, but they just lost a "few points" with this news. |
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Dusty
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June 13, 2014, 03:19:14 PM |
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Dose the US have similar laws?
I sure hope not! That's nuts. So what kind of accounts does this apply to? I mean, if you have an investment account and leave it be for a number of years, now you have to worry if it will even be there at the end? I call BS on this story. Sorry to say but it's true,the UK are going to do it too Yes, there is a similar law in Italy, with 10 years time frame (for now). As said, Bitcoin users not affected. |
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nwfella
Legendary
Offline
Activity: 1582
Merit: 1000
Well hello there!
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June 13, 2014, 10:14:56 PM |
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Dose the US have similar laws?
I sure hope not! That's nuts. So what kind of accounts does this apply to? I mean, if you have an investment account and leave it be for a number of years, now you have to worry if it will even be there at the end? I call BS on this story. Don't think the US really needs to steal money directly from our household accounts...they are doing a good enough job of doing that in essence by printing billions of newly inked bills everyday. |
¯¯̿̿¯̿̿'̿̿̿̿̿̿̿'̿̿'̿̿̿̿̿'̿̿̿)͇̿̿)̿̿̿̿ '̿̿̿̿̿̿\̵͇̿̿\=(•̪̀●́)=o/̵͇̿̿/'̿̿ ̿ ̿̿
Gimme the crypto!!
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