Post
Topic
Board Legal
Re: All of Satoshi's bitcoins will belong to NY after 5 years of inactivity
by
taylortyler
on 27/07/2014, 23:30:31 UTC
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.

Exactly....there's no way to just take or seize bitcoins from someone so easily. It would take quite a process.

But they can put you in jail for violating their laws, if they can link you to a bitcoin address.