Don't worry North Korea will still backdoor it out of your computer wallet. I used to be a advocate of crypto but it's too easy to steal. Especially Bitcoin.
Every wallet has a back door. They will wait till there's a large chunk of money. I know of a few people that lost millions holding crypto on PC on a wallet.
If Bitcoin is so easy to steal then you should try stealing Satoshi's coins. Bitcoin is the most secure computer network in the world and has never been hacked.
HEHEHEE...these asshats don't realize that people will be moving those assets and there ain't a damn thing they can do about it!!!!!!!! This is absconding with assets that DO NOT BELONG TO THE GOVERNMENT...WHICH IS THEFT!~~~!!
California’s AB 1052 does NOT mean the government will seize your Bitcoin. It applies unclaimed property rules to inactive exchange accounts, requiring assets be held (not sold) by the state. Your Bitcoin stays Bitcoin and can be reclaimed anytime.
NC does this with money in business accounts. The account holder must be notified and be able to reclaim the funds. It's how I got money refunded from an insurance company - $60. I forgot it was there.
WHO decides INACTIVITY? Them of course!
And people think "Government is theft" is an overstatement.
They would never do anything nefarious, they work for us.
Work for us!
Well, taxation is theft, otherwise correct
Move it out of the exchange. Now that you mention it. I should. Howls.
Not your keys, not your crypto
I got you.
Don't worry North Korea will still backdoor it out of your computer wallet. I used to be a advocate of crypto but it's too easy to steal. Especially Bitcoin.
Every wallet has a back door. They will wait till there's a large chunk of money. I know of a few people that lost millions holding crypto on PC on a wallet.
Where are all the stories of people who lost bitcoin to Korea? How would they even know?
Lazarus Group. Then they use a Bitcoin mixer. Bitcoin is the most targeted coin. All new wallets have backdoors.
Remember bitcoins been forked with upgraded a few times. Bitcoin cash, etc.
Every wallet address can be tracked. It's called a block chain explorer.
If Bitcoin is so easy to steal then you should try stealing Satoshi's coins. Bitcoin is the most secure computer network in the world and has never been hacked.
They don’t need to hack Bitcoin. They only need to get exchanges to hand them over.
If bitcoins aren’t in cold storage, they aren’t owned.
Even cold storage alot of those devices get firmware updates that are vulnerable when connected.
Just remember you only need someone's private key. Then they can reset the wallet password.
That was pre fork. Bitcoins been forked how many times since inception.
401K next?
They should just start taking our money out of the bank if we don't touch it for 3 months, too. Fuckin criminals.
AKA bail in... 😒
Shhhhh
They already do after 2 years.
Proof the state government of California is a racket
Not your keys, not your wallet
How they gonna get the codes? If they have the ability to seize bitcoin then bitcoin is useless.
You misunderstand, it's not from your wallet, it's from your balance on the exchange's ledger. Like government seizing a bank account.
Thieves, but, can they get it without the owners code?
Given that it's not actually yours, but the exchange's held in behalf of you, yes. Withdraw from the exchange and it's untouchable by this law.
HEHEHEE...these asshats don't realize that people will be moving those assets and there ain't a damn thing they can do about it!!!!!!!! This is absconding with assets that DO NOT BELONG TO THE GOVERNMENT...WHICH IS THEFT!~~~!!
In before the "they voted for this" shills.
Woohoo! Flame on!!
The next tweet says this:
NC does this with money in business accounts. The account holder must be notified and be able to reclaim the funds. It's how I got money refunded from an insurance company - $60. I forgot it was there.
How do they know what state the bitcoin is in??? Will they try to seize all bitcoin under this?
Well, have fun with that .....especially when it is decentralized. Not your seed phrase, not your coins.
Which means .... there is no unclaimed property called BTC. Unless, ..... there are centralized exchanges.
The thing here too, is that in some cases, centralized exchanges only provide you the funds AFTER paying, what they call, the taxes.
On the other hand, I can see some Nigerian Scam: claim being next of kin.
But, it is interesting how they are trying to extend their jurisdiction.