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

  • shortwavesurfer@monero.town
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    5 months ago

    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.

      • shortwavesurfer@monero.town
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        5 months ago

        I honestly don’t know if I would ever be able to remember an entire seed phrase. Just straight out. But I can remember a 30 character or more passphrase with special symbols. I just put my seed phrase in my key pass database and my key pass database stays off any cloud services.

        • g2devi@feddit.nl
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          5 months ago

          An old school method is to write a note with every fifth word being a seed word. Keep that note among 20 others so you cannot know what is relevant.

        • VolunTerry@monero.town
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          5 months ago

          Smart way to do it. But if you need to travel and take your data with you, the device itself is at risk of seizure or destruction. Alternately you could reload your needed data backups at your destination when you arrive, say after crossing unfriendly borders, but then you’d want to find the safest most secure way to transfer the data. There are plenty of solutions, but with more and more news like this, most people will need to think a bit more than they have been about their threat model opsec and procedures.

    • admin@monero.townM
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      5 months ago

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