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)

https://rebelnet.me/news/0x02fcc902af8d6cedd9

1 point

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?

permalink
report
reply
1 point

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.

permalink
report
reply
1 point

Good kick in the butt to memorize passwords and seedphrases I guess.

permalink
report
parent
reply
1 point

PSA: It is not advised to store your seedphrase digitally unless kept fully airgapped :)

permalink
report
parent
reply
1 point

Snuck this through didn’t they?

permalink
report
reply

Monero

!monero@monero.town

Create post

This is the lemmy community of Monero (XMR), a secure, private, untraceable currency that is open-source and freely available to all.

GitHub

StackExchange

Twitter

Wallets

Desktop (CLI, GUI)

Desktop (Feather)

Mac & Linux (Cake Wallet)

Web (MyMonero)

Android (Monerujo)

Android (MyMonero)

Android (Cake Wallet) / (Monero.com)

Android (Stack Wallet)

iOS (MyMonero)

iOS (Cake Wallet) / (Monero.com)

iOS (Stack Wallet)

iOS (Edge Wallet)

Instance tags for discoverability:

Monero, XMR, crypto, cryptocurrency

Community stats

  • 255

    Monthly active users

  • 347

    Posts

  • 901

    Comments

Community moderators