We were just talking about government being exposed for fuckery in the other thread. This scenario is another way government will be exposed. What do we own that is worth 'big' money that the government can't confiscate?
They can take our homes. Bank accounts. Garnish wages. Seize safety deposit boxes. Stocks. Bonds. Crypt is really the only big asset they can't seize. So how long until we get regulations that make it mandatory to hand over private keys to a government agency? It work with their 'kyc' rules for self-custody wallets. So they know which wallets we own over 3k and government would need keys to that shit or else we are in violation and face prison time.
Yeah man, a fucking hacker. If regular cats saving keys/seeds to their heads, seeds written in code, etc, what a hacker doing for safekeeping? This ain't grandma. He willing to wait it out like in the movies where cats dig up the bank money years later after feds get tired of watching them.
You right, some countries don't play that. Russia put his ass in Siberia and he'd be begging them to take that bitcoin off his hands. Hell, even in the U.S. they could hold him indefinitely for contempt if they really want that money. I remember the guy who was doing years for contempt for not disclosing the location of millions in marital assets for divorce. Rather do time than let the ex have it.