Post
Topic
Board Bitcoin Discussion
Re: BurtW arrested
by
unamis76
on 11/06/2016, 13:44:48 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 thought these cards had a code too in order to be used, that's why I was questioning it. I've never used cards like these, honestly.

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%

I interpret that in a different way: 100% of your funds are swiped/seized, 7,7% goes to the company who made these readers, 92,3% goes to the police, and if eventually you manage to prove yourself not guilty you get those 92,3% returned. That's what I understood, at least.


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

The thing is, if you get your home raided, they will find everything, as we've seen with BurtW, but yes, best to try and store it safely at home, or somewhere else.

Your other advice is a pretty good one.