this post was submitted on 17 May 2023
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Technology
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I think what they really mean is that once these coins finally land in some unwitting bagholder's account, they can use legal means to seize the value of that coin from the person left holding it.
It's actually kind of terrifying - imagine if they could come to your house and slide some bills out of your wallet that were once previously stolen. What could you even do? It's one thing if you buy a bike second hand without knowing it was stolen first - most adults know that second hand bikes are routinely stolen and resold for cash, and buying one without clear provenance is a risky endeavor, but it's another when they can track the movement of money and lay culpability at your feet - something impossible to do with cash, but possible with the inherent transaction ledger, and which you are probably not expecting to occur.
If police come after you because you bought a used bike, you already live in a police state. Most of the world isn't like that.
They aren't coming for you, they're taking the bike off you. So now you're out $MoneyDollars and you don't even have a bike to show for it.
Luckily police in my country doesnt have time to go around stealing bikes.