Post
Topic
Board Bitcoin Discussion
Re: BurtW arrested
by
franky1
on 11/06/2016, 12:14:33 UTC
Read about that on zeroday's thread... My doubt is, how does that seize the funds from a card without needing a PIN?
they can take funds from prepaid debit cards because its not a registered account.
Quote
http://boingboing.net/2016/06/09/oklahoma-cops-can-use-scanners.html
But the scanners can only retrieve funds from “open loop” prepaid debit cards (Visa and American Express offer them, as do other providers). Any “debit cards attached to a valid checking account or valid credit cards cannot be processed”
remember prepaid card is different compared to bank account debit card


I've also read that the company who makes these things gets a commission from seized funds, which I find rather "odd"...
Quote
http://boingboing.net/2016/06/09/oklahoma-cops-can-use-scanners.html
ERAD Group will receive a 7.7 percent cut of all funds seized via the card readers.
meaning whether innocent or guilty your 7.7% worse off the moment the card is swiped.
and if found guilty later in court. the police get to keep the other 92.3%


As for the phone with Bitcoins, they risk ending up with a wallet without any funds when they eventually get to be able to spend them.
yep store bitcoins on your phone with a phone keypad lock.
store your private keys at home in a way that they wont find it if they raided your house.
then when they are trying to bruteforce the phone hopefully you or a relative can move the funds making the old private keys useless

other advice if your using a online wallet app on your phone. set up 2 accounts.. if ever asked to log in to display balance. only log into the account with least funds, should you be in a threatened situation where they wont back off unless they move funds in your presence,making you unable to move funds secretly