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133 sats \ 1 reply \ @elvismercury OP 1 May \ parent \ on: Bitcoin paradigm shift thought experiment bitcoin
A large number of nations and US states make some official recognition of bitcoin as money.
That's a good one. I think relatively small number of other governmental entities legitimizing btc would go quite a long way for a host of reasons.
I could imagine them creating some sort of "clean" credential to certify that certain sats have not been used in criminal activity.
I'm not a lawyer because I have a modicum of a moral compass (j/k @siggy47, mostly) but scenarios like this kind of make me wish that I was, bc I have so many questions. I literally have no idea if such a thing is 2/10 difficulty, or 7/10 difficulty. It would be nice to have actual knowledge about what it would entail.
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60 sats \ 0 replies \ @Undisciplined 1 May
I’m also not a lawyer, but libertarians have been sounding the alarm about civil asset forfeiture for quite a while.
The state can seize anything that is claimed to be suspected of being involved in a crime and the burden is on the owner to demonstrate that it wasn’t.
Considering how many potentially taxable events have gone unreported with bitcoin, it would probably be easy to go after a lot of it on those grounds alone.
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