Incentives of Bitcoin holding and civil asset confiscation

Yesterday, Trump presented a long -awaited strategic “Bitcoin” preliminary for the truth society, and many people in the universe were angry.

First, the protection area is far from Bitcoin. Coindesk’s chief insight columnist David Z. Morris wrote in X -Hoskinson’s Cardano (ADA). “We’ve cut cancer research to buy Cardano.” Other users posted.

Others have a problem with the investment profit surrounding the Trump administration. Trump’s announcement is “a new level of corruption,” and communication strategist Derek Martin details investments in David Sack’s investment. Bitcoin Policy Institute Troy Cross said, “When you get out of liquidity, you get out of liquidity. (SACKS has been selling all cryptocurrencies since then).

All these criticisms have commonly have the point that they miss that point. Whether the reserve army is composed of additional coins or whether it can provide evil interests of the administration is not actually affected by those with Bitcoin.

The result is that much is a matter of how the reserve will raise funds. On the other hand, many speculate that the United States can switch taxpayer funds to purchase taxpayers’ funds.

As described in Trump’s administrative order to strengthen US leadership in the field of digital finance technology, another approach is that the reserve army is derived from cryptocurrency that the federal government is legitimate by law enforcement.

It will be okay. I would say because I legally got all my bitcoin and did not participate in criminal acts. And it is exactly where you are wrong.

Bitcoin, which “federal governments are legally seized,” do not include Bitcoin derived from criminal prosecution. Bitcoin can be legally seized through a process called Civil Asset Professor. It is a fun little game that the government does not need to blame crimes, but it can be blamed instead. Stuff Crime.

CATO Institute explained in the post that requires the reform of civil asset confiscation, and New York Police seizes more than $ 100 cash used to buy illegal materials in Florida in Florida. In the most prominent example, the CATO emphasizes the events of Philadelphia. Poladelphia emphasizes the case where the police attempted to occupy the grandmother’s house and car. Without her knowledge, his son sold less than $ 200 at home. Only in Philadelphia, civil asset confiscation was surprisingly abused, and the city seized more than 1,000 houses, 3,000 vehicles, and more than $ 44 million in cash for 11 years.

The problem of civil asset confiscation is to reverse the burden of evidence. Instead of being convicted until it is proven to be innocent, the confiscated property was not used intended Used in crime. Such a lawsuit is why we can’t fight civil assets.

The government was able to apply civil asset confiscation to cryptocurrencies, usually US V. The most noticeable thing in the court document was strategic interest in applying more extensively in court documents with the same position as the Binance Account 188746. Bitcoin will be confiscated and confiscated by the government, but the government will have to sell dollars anyway.

If we bring Trump’s administrative order to face value, this changes, which can motivate the government to apply more civil assets to Bitcoin.

This is a problem because we can track a lot of bitcoin to touch sanctions, dark net markets, or other illegal activities. The question is then: How many hops are we? How many UTXOs should we solve in order to be legally detected that Bitcoin is confiscated in potentially illegal activities on behalf of the government to build a strategic reserve forces?

Another problem is that if the government accuses Bitcoin involved in crime promotion, Bitcoin is completely legally legally and has nothing to do with criminal acts, and no need to know it.

It may not be the smartest movement until it becomes clear that supporting a strategic Bitcoin protection area will not be used to further develop the reserve forces by putting down Trump’s execution order. After all, it is a concept that must be reformed and not encouraged.

This is a guest post of L0LA L33TZ. The expressed opinions are entirely their own opinion and do not necessarily reflect the opinions of BTC Inc or Bitcoin magazines.