One thing's for sure, it'll be interesting to follow the blockchain and see what eventually happens to that BTC. Does the government leave it in a wallet, or cash it out with Coinbase, or what?
Imagine a system where the private material of a wallet is shared among one or more trusted individuals (using secret sharing) who are under instructions to cooperate with each other in destroying or moving the money if you are ever arrested or fail to check in after a certain period of time. If your aim is to merely destroy the money, you could also get away with having a secret VPS running somewhere that does the deed (it would not matter if it were later found).
If you go with the "destroy" route, then you would not even be destroying the evidence from an ethics standpoint (thanks to the nature of the blockchain). However the authorities, upon being denied their "prize", would undoubtedly throw a childish hissyfit and assert that you destroyed the evidence anyway.
Sounds like burying your cash on an island. I think you might be able to publish an exciting novel about this...
Don't you think that people involved in money-laundering already engage in such conspiracies? There's a reason they call it 'organized crime.'
I'm not sure what you are getting at here.
You seem to be entirely misunderstanding what I am proposing.
You seem to be under the impression that I think the authorities would not realize what happened, or would not strike out at you for doing it. I am suggesting neither of those things. They can be as angry as they want to be, but that will not un-transfer those bitcoins. Hell, they can beat you with a wrench for the rest of your natural life but that will not get the bitcoins back.
You plainly do not understand what I am suggesting. "That would be organized crime and authorities are good at recognizing organized crime" is not a coherent response. Speak plainly, what specifically do you think the flaw is?
You're so obsessed with getting one over on the government that you've adopted the position of the dog in the manger; if you can't have it, nobody else will, ha-ha-ha!
They can be as angry as they want to be, but that will not un-transfer those bitcoins.
I feel like I'm talking to a 12 year old. Your entire position is predicated on the fallacious belief that government's primary goal is to get its hands on your property. You're in the grip of an ideological delusion. If anything, your scheme is going to widen the government's reach by exapnding the number of prosecutable individuals.
That's very comforting.
Governments are used to having a stick to support their arguments with; take it away, and you will find them very bad at making an argument.
Petty revenge is the bread and butter of lesser bureaucrats in government.
https://blockchain.info/tx/ec3c6440a5302eade99c3be3dbe475243...
I will say that many people simply don't think in terms of idealism, at least not to the extent they'd allow it to impact major life decisions.
And many who are idealistic would still feel they can "change the world" more effectively outside the government than within...
However, some - maybe most - of those people work all day long to impede the effectiveness of others. And that's in the best governments.
I agree that we shouldn't assume that government workers are hacks.
But I think you can fairly label almost any government "stupid," when you consider how it behaves as an entity, regardless of the mixture of the people that act as its cells.
I'll step out on a limb and say that given their annual budget of almost $3B, they have a technology person or 2 on staff.