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60 sats \ 0 replies \ @Undisciplined 1 May \ parent \ on: Bitcoin paradigm shift thought experiment bitcoin
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.