UK seized new powers starting today [including destroying Monero]
–Police will no longer be required to make an arrest before seizing crypto from a suspect.
–seize anything, such as written passwords, flash drives, or memory sticks
–destroy crypto assets, such as privacy coins, for the “public good”, like Monero
–goes into effect today
This has the text copy-pasted from the official UK website, but without having to have your IP address literally connect to the official cybercrime division website, (ironically, we seized their text)
destroy […] assets […] for the public good
The public would greatly benefit if we destroyed assets of lobbyists and their funders! You’re drafting the law for that, right? Right?
Snuck this through didn’t they?
Well, if they destroy Monero, that’s bad for the person who gets their Monero destroyed, but it’s good for the rest of us, because that just lowers the inflation rate more than it already is. That makes the rest of our Monero more valuable. This is why you also do not write down your passwords because even if they were to seize something like my flash drive with my key pass database on it, they could not get into it and therefore could not get my private key to my Monero.
I honestly don’t know if I would ever be able to remember an entire seed phrase. Just straight out. But I can remember a 30 character or more passphrase with special symbols. I just put my seed phrase in my key pass database and my key pass database stays off any cloud services.
Smart way to do it. But if you need to travel and take your data with you, the device itself is at risk of seizure or destruction. Alternately you could reload your needed data backups at your destination when you arrive, say after crossing unfriendly borders, but then you’d want to find the safest most secure way to transfer the data. There are plenty of solutions, but with more and more news like this, most people will need to think a bit more than they have been about their threat model opsec and procedures.
They have showed themselves to be evil terrorists. Luckily they are total morons and any stupidity they come up with can be easily circumvented with half a brain.
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@bluedoves Do we still need more of this crap to implement a way to automatically burn old, untouched wallets?