edgecase_datafeed 198 2020-12-19 This is the date at the time of creation of this datafeed article. A checkpoint article containing a hash of this datafeed article may be created on this date or at a later date. 144 9 2020-05-28 bitcoin b27618deae05910f529240cc6960aeb87f017b12d302327253ee893825ce2bd4 632100 1HtwyqFWNVDoSEVqZwjBRRAV2oEsi8aQXr 13MfGs39pR5aEK4iKdoLjVYXKwi6Y3uyPq
Police_and_cryptocurrency stjohn_piano 2020-12-19 no Let's begin with a story. Police destroyed my cryptocurrency passkeys and now I can't access my funds Posted by u/Grass_Monster, 1 day ago Location: Minnesota, USA Hello The situation is somewhat complicated but essentially the local police executed a search warrant at my home. They seized my phone and a number of documents related to my cryptocurrency investments. Following my lawyers advice, I called in to get my property back only to find out that it had been destroyed. Some of the documents destroyed contained the addresses, seeds, and PINs for various cryptocurrency investments. It is impossible to access the funds without the information kept in those documents. The backup copies were seized and destroyed as well. What on earth can I possibly do? Is there any realistic avenue to seek compensation? Are they allowed to just do that? I'd greatly appreciate any advice/insight relevant to my situation. -------------------- TheMadFlyentist, 1 day ago What does your lawyer have to say about it? One of the tricky things about crypto is that scenarios exactly like this can (and do) happen. I have heard of people engraving keys onto metal plates and storing them in safes to prevent exactly this sort of scenario from occurring. If your house had burned down, the same thing would have happened, so lesson learned on protecting your assets in the future either way. The cynic in me worries that some tech-savvy officer recognized your documents for what they were and "destroyed" them, but that would be extremely difficult to prove. Do you have any way to view the wallets at all and confirm if the funds are still there at least? -------------------- danish_raven, 1 day ago Always follow the 3-2-1 rule when it comes to backups. 3 copies, 2 on site, 1 off site -------------------- Grass_Monster, 23 hours ago I had 3 copies, on 2 different media. 2 stored at my home, 1 stored on my phone. The warrant for the home was executed and I got stopped in my car down the road so they took my phone from the car which was the 3rd copy. Next time, I'm leaving a copy of everything at my parents house or a safety deposit box. Source (accessed 2020-12-19): hyperlink http://www.reddit.com/r/legaladvice/comments/kf4n5a/police_destroyed_my_cryptocurrency_passkeys_and www.reddit.com/r/legaladvice/comments/kf4n5a/police_destroyed_my_cryptocurrency_passkeys_and After reading this story, Nicholas Piano commented that "The jungle giveth, the jungle taketh away.". He is correct. The original poster naively supposed that he did not live in a jungle (although the events of 2020 in Minnesota should really have alerted him to this fact). We are living through the era of the breakdown of the nation-state. The nation-state as a political construct has existed for roughly a century, and is giving way to a new form of state: the market-state. This is happening because the nation-state is unable to cope with new challenges produced by its success. (Background: I'm currently reading The Shield Of Achilles by Phillip Bobbit Interestingly, he spends his first chapter on article Book_Review:_The_History_of_the_Peloponnesian_War_by_Thucydides edgecase 193 Thucydides . and I'm completely persuaded that his essential thesis is correct.) In the course of this breakdown, the old promises and ideas of the nation-state will cease to be meaningful. Among these is: the idea that the police exist to protect and serve the citizens of a nation-state. Spoiler: It's not going to be ok. I do not think of Reddit as a credible source - I treat it as "false until proven true". Nonetheless, this story works just fine as an illustration of my general point, which is that the police are not your friend, and do not primarily exist to protect you, and may prey on you in the same way as might any other group of armed strangers. Smart and/or streetwise people already understand this, but it may soon become more savagely clear to middle-of-the-bell-curve people. The original poster still hasn't learned his lesson properly. He thinks that storing keys at his parents' house or in a safety deposit box will be sufficient protection in this chaotic era. He should perhaps consider other approaches: - article Effective_offline_storage_of_Bitcoin edgecase 160 Effective offline storage of Bitcoin - article Converting_a_Bitcoin_private_key_into_a_different_alphabet edgecase 197 Converting a Bitcoin private key into a different alphabet And he should think seriously about joining or founding a political association, for self-protection. An example approach: article The_Establishment_of_a_Cryptocurrency_Guild edgecase 122 The Establishment of a Cryptocurrency Guild . Such an association will soon become the only real way to bargain effectively with a city government and/or its police force. It may eventually build its own crypto bank (see article The_structure_of_a_Bitcoin_bank edgecase 130 The structure of a Bitcoin bank ), and then the original poster can have the bank safety deposit box he desires. Admittedly, the crypto bank will want his soul, not just his money, so it won't be exactly the kind of safety deposit box he was originally envisioning. See article Why_Cults_Exist edgecase 185 Why Cults Exist for the general case (summary: cults exist to establish trust), and article The_Path_of_Blue_and_Orange edgecase 142 The Path of Blue and Orange for a particular example. Some people today imagine that a crypto-powered future will involve large numbers of "sovereign individuals". This is fantasy. Individuals can be sovereign only if they live singly at great distances from each other. Otherwise, an individual may find his sovereignty infringed as soon as he meets another individual with several less-sovereign (but loyal) lieutenants. Also note that a hypothetical sovereign individual with non-sovereign followers is still constrained by the existence and future choices of those followers. See hyperlink http://www.youtube.com/watch?v=rStL7niR7gs The Rules For Rulers by CGP Grey. Instead, I will say this: The crypto-powered future will involve sovereign networks. Some of these networks are structured to produce currencies (e.g. the Bitcoin blockchain). Others will be structured to produce political associations (e.g. Edgecase). Cities will become networks themselves, of a kind (lots of sensors, blockchain-powered property registers, machine-processable contracts). I expect that the most important diplomatic contracts in the future will be the ones made between networked cities and crypto-based political networks. Individuals will matter if and only if they are members of a powerful political network. As it was in the beginning, and now, and ever shall be, world without end. Amen.
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