re: Bitcoin Casinos Release 2012 Earnings

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I would be interested in seeing someone tell a Court that. If I get a judgment against John Smith for $10k, and he has $5k worth of bit coins I am going to seize it. Since it is a form of currency, I would imagine the Court would order the debtor to transfer it to me or hold him in contempt.

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The issue is proving the assets are "controlled" by the person in question.

Unless the person freely admits the control of $5k of bitcoins, how will the government know? Can they prove that person A has control of $5k in bitcoins? It would be an extremely difficult task to do so.

And as I stated earlier, anonymity is possible if a person chooses to take the steps required.


Remember, there are no "bitcoin accounts." There is no need for personal information to be used when controlling bitcoins. Even if you can be identified at the point of exchange, there is nothing to prevent a person from sending those bitcoins to other addresses they control. That can make financial forensics very difficult.