Quote from: defaced on July 27, 2014, 09:07:37 PM

Quote from: haploid23 on July 27, 2014, 05:41:16 AM

Quote from: taylortyler on July 27, 2014, 03:55:45 AM

Forfeit Bitcoins that are inactive for over 5 years to the State of New York - (200.12c)

Think for a minute. Lets say they do implement this. Now how are they going to execute and enforce this? One of the benefits of bitcoin is that it's yours, and you're in full control of it. The fundamentals of bitcoin does not operate within the law and regulation.

This is exactly what I was wondering. Unless they have some alien technology with some new form of maths that can crack private keys its safe to say his btc are outside the scope of the ny regulation.

I agree that it will be hard if not impossible to confiscate the coins, but it will allow them to potentially bring charges against a number of people or wallet addresses.