Hello Folks,
I was listening to a Bitcoin podcast the other day and the speaker mentioned that one person had written to him asking for advice - his wife had heard about Bitcoin in the mainstream media and the price rise and was pressuring him to cash it all out immediately or she would leave him.
I don't know how that particular fellow ended up but it got me thinking - for those of us with partners who are not into Bitcoin, have you ever had pressure put on you to sell it up and are they even aware of how much BTC you are actually holding?
There is a bigger picture here as well, with some people holding hundreds or thousands of BTC and the price continuing to go up - how might the court system view Bitcoin in the context of divorce and separation?
It certainly raises an interesting point.
Thoughts?
Same thing as the State meddling in your life. Can you keep it secret? Then they will never find out. You cannot be forced to "split" something they don't know it exists in the first place... Indeed you could see it as a way to circumvent the law (in case of divorce). Perhaps its the same as keeping a hidden "stash" out of sight. Even if the law was amended forcing you to "disclose" your wallet, you could always have a hidden one. It is exactly the same problem taxation has.
Logically you would just split the thing and and tell your partner upfront that you will have your half used that way. Your own half should be also split (diversify) but that's another matter. And yes some people are simply not going to understand and even trust more media/others that know even less.
So that person should try to negotiate and cash only half and give that to her. That is usually what its done when an actual divorce occurs anyway, unless they signed that infamous pre-marital contract.