Oddbean new post about login | logout By law the city that seized it had to put it up for auction. By law they could not hold on to it. Kind of similar in cities across the US.
A silly law then.
Perhaps. But if that law wasn’t in place, the state would be incentivized to steal #bitcoin from citizens for their own benefit, just as some local LE depts use civil asset forfeiture in the US to add funds to their depts. 👎 I think requiring the state to sell it is a far better option for the people.
By law 🤣 What did the state ever care about the law? The state is the biggest gang.