25
submitted 6 months ago* (last edited 6 months ago) by bluedoves@monero.town to c/monero@monero.town

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

you are viewing a single comment's thread
view the rest of the comments
[-] shortwavesurfer@monero.town 7 points 6 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.

[-] VolunTerry@monero.town 4 points 6 months ago

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

[-] shortwavesurfer@monero.town 2 points 6 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 3 points 6 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.

load more comments (11 replies)
load more comments (11 replies)
load more comments (12 replies)
this post was submitted on 29 Apr 2024
25 points (96.3% liked)

Monero

1667 readers
6 users here now

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

founded 1 year ago
MODERATORS