Somewhat disturbing: https://bitcoinmagazine.com/legal/saving-bitcoin-private-keys-from-courts
Increasingly, attorneys in the United States are asking courts to force the disclosure of cryptographic private keys as part of discovery or other pre-trial motions, and increasingly courts are acceding to those demands.
This highlights the need for multi-sig. A single private key is a SPOF.
Never comply! Prepare your affidavit and ask the following:
The myth of authority The power of affidavit Slavery by consent
But yeah, if you are weak and give up your rights and properties, you will get what you fucking deserve: SLAVERY by consent.
Different rules (authorities) in different countries. In Australia, there was an activist who now has to report his Signal Messenger activity. In Canada, your bank account can be frozen without evidence of wrongdoing.
Geographical Multi-Sig with multiple hardware devices (different vendors) is the way. It's better to say that you "can't" than you "won't".
Oh would you look at that ... I just forgot my 12 words. That's a pity, how could that happen.
On a serious note: That is why buying KYC Bitcoin and washing them with mixers/coinjoin/lightning is not enough. Because one still has bought Bitcoin that disappeared into the void.
I'm hopeful that lightning and sidechains will bring us the privacy we need.
I'm not sure how multi-sig would help from a legality point of view? If you didn't hand over all the keys you could be found in contempt of court?
in a secure multi-sig setup, you don't have access to all the keys. Ideally, the other key-holders are in other jurisdictions
It could be used as a form of plausible deniability.