New Jersey Government Seizes $165,000 from Atilis Gym's Bank Account -- 100% of Gym's Assets for 'Crime' of Remaining Open

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[–][deleted]  (7 children)

[deleted]

    [–]fschmidt 5 insightful - 1 fun5 insightful - 0 fun6 insightful - 1 fun -  (3 children)

    In a few more months, America will resemble Maoist China. Maybe he will wake up and get the hell out of America like I am doing.

    [–][deleted]  (2 children)

    [deleted]

      [–]fschmidt 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

      Since you are a rabbi or a white nationalist, which is basically the same thing, you may classify me by race. But I classify people by religion which makes me an Old Testament follower, not a Jew.

      I hope all the racists - Jews, white nationalists, and anti-white liberals - stay in America and sink with the ship. That would be a win win.

      [–]Drewski 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

      Many small business owners have lost their entire livelihoods and savings just waiting 'a few more months'. We can't wait for the gov't to allow us to go back to normal, we have to do it ourselves, now.

      [–]Intuit 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

      Give me all your assets and I promise it'll only be a few months before I give them back... maybe 6 months, or possibly a year.

      [–][deleted] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (2 children)

      You can't fight city hall and win

      [–]Node 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (1 child)

      You can actually kill everyone in city hall. Whether or not "you win" is a matter of opinion.

      *Disclaimer: You should never resist the wishes and desires of your owners.

      [–][deleted] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

      Yes that is the only way to do it. It reminds of a paragraph from James Clavell's 'Shogun' novel where the Anjin John Blackthorne, discusses the overthrow of a reining monarch with Lord Toranaga. Toranaga is offended because to go against your lord is the most evil sin in Japanese culture, "Unless you win" says the Anjin san "Yes" laughs Toranaga, "you have stated the one case where it is acceptable"

      The book was great but the series was a disaster i am afraid.

      [–]cryptEX 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (12 children)

      Should have had his donations and apparel sales in Bitcoin.

      [–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (10 children)

      The government can take your BitCoin.

      [–]mrwizardd 4 insightful - 1 fun4 insightful - 0 fun5 insightful - 1 fun -  (9 children)

      the government can only take your bitcoin if they have the private key.

      if you dont have the private key, you simply can not move bitcoin.

      [–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (8 children)

      Somehow they got it.

      [–]mrwizardd 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (7 children)

      yes, they probably had a standard wallet account, and they got a court order and contacted the wallet company and they withdrew the coins as us dollars. technically, you can not withdraw bitcoins AS PHYSICAL BITCOINS, cuz it just dont work that way.. bitcoins are quite simply 256 ZEROES AND ONES, thats it.. a private key for bitcoin is two hundred and fifty six zeroes and ones. that is a private key.. if you have the private key, you can calculate the bitcoin address and then you can move however many bitcoins reside at that address.

      for the most part, i have textbook knowledge about bitcoin.. i did download the bitcoin core about two years ago while i was in asia tho..

      cant bitcoin be stored in some address that IS NOT MANAGED BY A WALLET SERVICE?

      this would mean that now you have to manage your private key, i think.. which is no small task..

      but i think it can be done.. to just pick a random private key.. convert that private key to a wallet address... move your bitcoin there.. and you keep your private key.. you manage your private key..

      now, if you do it that way, how is the government going to even know about your bitcoins? you cant take it if you dont know about it..

      private keys can be encrypted according to your specifications.. and stored according to your specifications..

      you cant steal of confiscate what you dont know about..

      [–]Intuit 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

      they got a court order and contacted the wallet company

      With those companies you don't own anything, just have an IOU that the company may or may not honor in the future. Basically like a bank. Always manage your Bitcoin directly with your own private key that no company has.

      you can not withdraw bitcoins AS PHYSICAL BITCOINS, cuz it just dont work that way.. bitcoins are quite simply 256 ZEROES AND ONES, thats it

      There is no such thing as a Bitcoin, any more than a unicorn. The ledger just says that the address you control has X.X bitcoin in it. When you transfer Bitcoin to another address, nothing is sent, just the counts are adjusted. The private key and address is not the Bitcoin, since at the very least those can be copied. Those are just keys and addresses.

      this would mean that now you have to manage your private key, i think.. which is no small task..

      but i think it can be done.. to just pick a random private key.. convert that private key to a wallet address... move your bitcoin there.. and you keep your private key.. you manage your private key..

      Modern practice is to generate the private key from a human-readable series of common words. The words give a lot of entropy (randomness) and you can generate multiple private keys from it (common practice is to move the Bitcoin from one address to another, for better privacy).

      Governments figure out what Bitcoin is yours by tracing how you got it in the first place. Major services keep track of who buys it from them. The whole transaction trail is public.

      [–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (2 children)

      You'd need to write the key down or so'm.

      [–]sendmetovegas 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

      private keys are not typically "written down", as you say..

      [–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

      How would they know what it is?

      [–]Node 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (2 children)

      I believe you're generally correct in claiming private bitcorn addresses remain private. Turning them into dollars is a little more difficult for those wishing to remain private.

      [–]sendmetovegas 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

      it is not so much that the owner of the bitcoins need to remain private, but instead it is important that the actual coins address or addresses remain unknown to everyone and know only to its owner.

      coins can be stored at random bitcoin addresses, where only the owner will know the private key... it will be the owner's responsibility to store said key safely.

      Turning them into dollars is a little more difficult for those wishing to remain private.

      this is entirely an incorrect statement.

      if i were to just randomly pick a wallet address and move either all or some of my coins to that address, it is not problem to convert a portion or all of what is at that address to cash.

      just move some back to coinbase or whatever wallet you use.

      dink.

      [–]sendmetovegas 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

      i should openly admit that i have never had a wallet and i have never bought or sold a single bitcoin, but i have done a shitton of reading about bitcoins and i have also fucked around with the bitcoin core a bit.

      i am a c programmer also.

      [–]fschmidt 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

      No, in Monero

      [–]Canbot 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

      Should he become the joker or the punisher?

      [–]Intuit 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

      A bank account is basically just giving the money over to the government and hoping they'll let you withdraw it in the future. Don't trust it except with your spending cash.