Wait, the Government can take my money?

Yes, the Government can take a person’s money in the United States without even filing any charges against the person. Welcome to the world of Asset Forfeiture. Imagine that — being treated like a criminal without being convicted, let alone charged. It’s ironic considering that the Fourth Amendment reads:

“The right of the people to be secure in their persons, houses, papers, and effects, against unreasonable searches and seizures, shall not be violated, and no Warrants shall issue, but upon probable cause, supported by Oath or affirmation, and particularly describing the place to be searched, and the persons or things to be seized.” And the Taking Clause of the Fifth Amendment reads: “No person shall … be deprived of life, liberty, or property, without due process of law; nor shall private property be taken for public use, without just compensation.”

At first glance, it looks like the Founding Fathers of the United States really wanted to ensure that the government stays out of private citizens’ lives without a really, really good reason. Historians tell us that this is because while the United States of America was still the Thirteen Colonies, people feared the King of England would take their possessions and be protected by the law for doing so. This happened in both the Old World and New World. And this is not limited to just the United States and England.

The power of a government to take its citizens’ property goes by many names. Generally in the United States and Philippines, it is called eminent domain. In India, Malaysia, and Singapore, it is called land acquisition. In United Kingdom, New Zealand, and Ireland, compulsory purchase is the term. Hong Kong and Uganda call it resumption. Australians have the terms resumption and compulsory acquisition. Moreover, France, Italy, Mexico, South Africa, Canada, Brazil, Portugal, Spain, Chile, Denmark, Sweden, Finland, Germany, and Panama all prefer the term expropriation. While the terms are rooted in a government’s ability to take real property, which is land, the governments are also able to take personal property, which unlike land is anything that can be moved.

This specific topic called Asset Forfeiture came into being in the mid-1980’s. First, the Federal government passed a law that allowed the nationwide government to do this. Afterwards, state and local governments adopted similar measures. It basically boils down to that a government can take a private citizen’s stuff without any charges having been filed and not proving that a crime has been committed. The government does not need to show that a crime has been committed beyond a reasonable doubt. The government does not even need to show that it is highly likely that a crime has been committed, which is often called a preponderance of the evidence. Instead, the government just needs to show that it is more likely than not. At that point, the burden shifts to the owner of the property to show that the government shouldn’t be able to take it.

And this brings us up to BitcoinCashZero. At first, Bitcoin looked like a great solution to private transactions. It didn’t take people long to figure out that transactions could be traced with very little effort. Monero came along with ring signatures, but those only take slightly more effort to trace. We now know that the proper implementation of Zero Knowledge Proofs is the most secure, trustless, guarantee of anonymity in digital P2P transactions. BitcoinCash Zero’s full-time Zerocoin privacy paired with Gravity ecoproductions like MIXX and PayBOXX is revolutionary and will be the safest way to guard your assets. By achieving fungibility by way of full-time Zerocoin privacy, BitcoinCash Zero is truly interchangeable and therefore a real currency. The digital age has shrunk the world around us into the so-called global village. You should not have to worry about how your neighbors’ funds were used.

In this world of increasing technology and monitoring, people need a way to keep their assets private, safe, and secure. While cash has a number of virtues, it is also a physical form that can be taken. Electronic transactions like bank transfers and Bitcoin can be traced. Only BitcoinCashZero’s full-time Zerocoin privacy can protect the value of your hard work. It is the only truly untraceable asset and store of value.

Empowerment, decentralization, accessibility. Freedom, privacy, and fungibility. Code and Cause. Hopefully this text while highlighting core principles has been informative about some of what we have been up to preparing BitcoinCash Zero and given a sense of our value for thoughtful design, emphasis on impeccable construction, and commitment to flawless execution. Final preparations pre-launch also include making ready the BCZ Web Wallet. Users will be able to claim their BCZ from the quadruple KNIFE via Web Wallets or Core Wallets. BitcoinCash Zero will be available for purchase and trade upon release on 3 different exchanges! Stay tuned for final claim instruction, a detailed set of final coin specifications and complete elaboration of all features and more including website launch, further Dark Web ecosystem product details, and launch campaign plans.