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by customkitchen 1372 days ago
How many people have committed such egregious crimes using blockchains that it is literally worse to spend your entire life in jail than it is to give up your Bitcoins? That scenario you've presented makes absolutely no sense to me.

But anyway, it's still entirely wrong because they can still just catch you using traditional means. Like catching you on tape admitting you stole the Bitcoins, or getting a video of you doing it, or getting credible witnesses to say that you did it. Or similarly, to retrieve the stolen coins just get a video of your keyboard while you type the pass phrase to the wallet, or just liquidate the rest of your assets into dollars and pay back the victim that way... Like the whole thing just makes no sense. Even if it did actually work it would still be terrible because the system you describe means that if you get your bitcoins stolen and you catch the thief and he admits he did it and then intentionally goes to jail to avoid having to give the tokens back so they just sit there unused in the wallet just to spite you... you can literally never get them back. Why would anyone actually want that??? I am honestly trying not to make this so outlandish but this is entirely what you just described. It's completely ridiculous.

The only thing this accomplishes is if you are trying to destroy money and make someone suffer by taking destructive actions... but like, if you are really an evil and petty criminal person you can also just do that with anything else? Like, rob them at gunpoint and set their cash on fire? Or slash their car tires? No one needs Bitcoins just to be an asshole, you can see that every day on this planet...