Post
Topic
Board Service Announcements
Re: bitfloor needs your help!
by
DannyHamilton
on 04/09/2012, 22:47:45 UTC
Quote
Those are my USD, not yours . . .

This is not at all clear under US law, which would presumably apply given Bitfloor's ties to the US.

Au contraire, US law is perfectly clear on the matter:

Quote
No person shall be...deprived of life, liberty, or property, without due process of law; nor shall private property be taken for public use, without just compensation.
http://en.wikipedia.org/wiki/Fifth_Amendment_to_the_United_States_Constitution


Full text:
No person shall be held to answer for a capital, or otherwise infamous crime, unless on a presentment or indictment of a Grand Jury, except in cases arising in the land or naval forces, or in the Militia, when in actual service in time of War or public danger; nor shall any person be subject for the same offense to be twice put in jeopardy of life or limb; nor shall be compelled in any criminal case to be a witness against himself, nor be deprived of life, liberty, or property, without due process of law; nor shall private property be taken for public use, without just compensation.

Based on this it appears that it actually says:
"No person shall . . . in any criminal case . . . be a witness against himself, nor be deprived of life, liberty, or property, without due process of law."

Note the location of the semi-colons.

As such this amendment refers only to a limit on the government's ability to deprive you of your property without due process, and nothing to do with BitFloor's ability to deprive you of what you believe to be your property until they can determine their legal responsibilities.