Topic: Are Bitcoin private property (Read 25325 times)
No Bitcoin is not a private property people just have their own private keys as they can prove that they have the ownership of one. just like with a faint note, if you have a bank note it doesn't make you the owner of the banknote that note is still the property of government as it is written on the note that government will pay you the value of the note when you pass it to government. so when people exchange money they are not exchanging any money they are just passing that contract of the government with each other as a value of money. and guess what government can print this lie as much they want even if they do not have that much money they are still gonna print this lie.
I'm talking about the money kind of bitcoin.
Some situations where the bitcoin status of being a private property or not could arise:
> A mistakenly sends bitcoins to B, and A finds out who B is.
> A mistakenly shows his private keys to B (by just saying it), and A finds out who B is.
> B executes a replay attack on A.
> B, by an practical impossible luck, creates a private key that had founds that belonged to A already.
> B sends money to A (and A sends "something" or some information to B). Then, we don't know why, everyone decides to change their Bitcoin rules and the result is that A can't get to spend his money in the new version.
I started an article (here) trying to defend the idea that bitcoin is not private property, therefore all of the examples above couldn't be classified as theft or robbery (of private property).
What do you think?
Some situations where the bitcoin status of being a private property or not could arise:
> A mistakenly sends bitcoins to B, and A finds out who B is.
> A mistakenly shows his private keys to B (by just saying it), and A finds out who B is.
> B executes a replay attack on A.
> B, by an practical impossible luck, creates a private key that had founds that belonged to A already.
> B sends money to A (and A sends "something" or some information to B). Then, we don't know why, everyone decides to change their Bitcoin rules and the result is that A can't get to spend his money in the new version.
I started an article (here) trying to defend the idea that bitcoin is not private property, therefore all of the examples above couldn't be classified as theft or robbery (of private property).
What do you think?
Bitcoin is a private property because only the individual has the rights to access the amount of cryptocurrencies.
As long as only one has access to them and no other entity or 3rd party can be involved (such as banks) then it is considered private.
It is a very nice and debatable poll and it would be nice to see the outcome of it.
This is a very interesting topic and I want to dwell more on this, a poll is very good for this kind of discussion, I consider Bitcoin a private property, because you are the only one who can send your fund to whatever address as long as you own the key, your coin can only be part of the circulation as long as you, move it because as an owner you are the only one with access on it.
Bitcoin is clearly a private property because the ownership is hidden in a wallet that is only known to the owner and protected by a very complicated password. In theory, it is very difficult to know the contents of a bitcoin wallet except the negligence or mistakes of the wallet owner.Ownership of bitcoin stored in the wallet is very safe and can be very long depending on the owner wants to use or just investment while waiting to be a very expensive price.
Are you the owner of the paper bill, be it a dollar, euro or other common currency? No, you are not. Its owner continues to remain the state, and you are only the owner of this banknote on the value of its face value. You are only the owner of funds in the amount indicated in the note. If you intentionally spoil them, you can be liable.
However, the issue with Bitcoin ownership is very interesting. Legally, there is no owner for it as an invention. Nobody got a patent for it. This means that you have the right to be considered the owner of Bitcoin, and the funds that are listed in it as cryptocurrency.
However, the issue with Bitcoin ownership is very interesting. Legally, there is no owner for it as an invention. Nobody got a patent for it. This means that you have the right to be considered the owner of Bitcoin, and the funds that are listed in it as cryptocurrency.
This is a very interesting topic and I want to dwell more on this, a poll is very good for this kind of discussion, I consider Bitcoin a private property, because you are the only one who can send your fund to whatever address as long as you own the key, your coin can only be part of the circulation as long as you, move it because as an owner you are the only one with access on it.
Property maybe because we no one owns the same wallet address we have.
Though the amount might be duplicated but it is coming from certain wallet owners, that's my opinion.
The government has to give exact treatment of bitcoin because they will also based on their definition on how to treat it for tax purposes.
The problem with this properly now is we are the only one who knows it's ours since it's not public, it's different from the usual concept, so
there should be a proper guidelines for owner's protection and that's again coming from government regulation.
Though the amount might be duplicated but it is coming from certain wallet owners, that's my opinion.
The government has to give exact treatment of bitcoin because they will also based on their definition on how to treat it for tax purposes.
The problem with this properly now is we are the only one who knows it's ours since it's not public, it's different from the usual concept, so
there should be a proper guidelines for owner's protection and that's again coming from government regulation.
bitcoin is the property of those people who are owning it, if i have 30 bitcoins in my wallet so i am the owner of 30 bitcoins.
yes it is right to say, so it is a private property, and the government of any stare or any other organization or department or any other person is not the owner of bitcoin and every one the owner of bitcoin which he has. 
My take is it is private property and as long as you hold the private key of a particular wallet you own the coins that are on that wallet because there is no way they can move the coins without you giving them your private key, but this is debatable I'd love to hear experts on laws about this matter.
I believe it's not private property. Considering that it's all based on private keys, you can take that privkey and steal the funds. However, if you only have the private key and you don't use Bitcoin is just text. The only thing is that it's copyrighted, which obviously is not.
"Bitcoin is a digital currency" and is known to everyone
it uses encryption; we can't say that it as private property but we can save it in your wallet and the person who has that wallet access can buy and sell it 
The creator of Bitcoin Satoshi Nakamoto did not issue a patent for his invention. This means that the real owner of Bitcoin does not exist. therefore, the owners of bitcoins should be considered all persons who have a certain amount of bitcoins in their wallets and who have not been complained about their illegal acquisition. However, the best way to prove ownership of Bitcoin will be if the state legalizes cryptocurrency and during legalization legal status of cryptocurrency is established.
Nobody has a patent for the invention of Bitcoin. Therefore, anyone who legally owns Bitcoin in his wallet can be considered its owner. That is, any person owning Bitcoin should be considered its owner until the opposite is proved.
In this regard, Bitcoin can be fully regarded as private property.
In this regard, Bitcoin can be fully regarded as private property.
It is a private property because the government does not own any of it or they can't take control of it directly. The owner is the only who can access it because he knows where is the passphrase/private key of the wallet and nobody else.
Bitcoin is a very personal wealth, even mysterious because nobody knows the real bitcoin owner. Because ownership of bitcoin is just a code, which is not easily known.Therefore bitcoin investment is very promising if managed wisely because as long as bitcoin is in your wallet it is not taxed, regardless of the number of bitcoins you have, unlike investing in taxable banks.
It is a private property because the government does not own any of it or they can't take control of it directly. The owner is the only who can access it because he knows where is the passphrase/private key of the wallet and nobody else.
Bitcoin is a very personal wealth, even mysterious because nobody knows the real bitcoin owner. Because ownership of bitcoin is just a code, which is not easily known.Therefore bitcoin investment is very promising if managed wisely because as long as bitcoin is in your wallet it is not taxed, regardless of the number of bitcoins you have, unlike investing in taxable banks.
Currency is the main source of any asset. Everyone is aware of it and yes, as long as i have either fiats or any crypto currency, yes i am the owner of the currencies and yes that is my asset as long as it remains with me. Curency can be used for an illegal and legal purpose. At times what happens, once the asset goes out of out hand. Currency is for a public use, so just circulate which will bringmore value to the currency you circulate and hold.
Bitcoin is clearly a private property that must be secured very tightly because it is a valuable asset, even to the welfare of the family. Therefore, a wealth must be increased by trading, so that it will grow..
Agreed . bitcoin is a private property because its a currency and you just dont share your currency/money to other people because money is hard to earn . but its not appropriate anymore if you cant share your bitcoin to your family . however bitcoin is not private in terms of transaction because anyone can see and track you .
Quote
Therefore, a wealth must be increased by trading, so that it will grow.
Trading is risky . you cant say that when you trade your cryptos will grow . i rather go on investing or on other less riskier business .
Currency is the main source of any asset. Everyone is aware of it and yes, as long as i have either fiats or any crypto currency, yes i am the owner of the currencies and yes that is my asset as long as it remains with me. Curency can be used for an illegal and legal purpose. At times what happens, once the asset goes out of out hand. Currency is for a public use, so just circulate which will bringmore value to the currency you circulate and hold.
Bitcoin is clearly a private property that must be secured very tightly because it is a valuable asset, even to the welfare of the family. Therefore, a wealth must be increased by trading, so that it will grow.Bitcoin is indeed an extraordinary phenomenon where in just 10 years it has become a digital currency that is popular and widely used by people around the world.
It is a private property because the government does not own any of it or they can't take control of it directly. The owner is the only who can access it because he knows where is the passphrase/private key of the wallet and nobody else.
I'm talking about the money kind of bitcoin.
Some situations where the bitcoin status of being a private property or not could arise:
> A mistakenly sends bitcoins to B, and A finds out who B is.
> A mistakenly shows his private keys to B (by just saying it), and A finds out who B is.
> B executes a replay attack on A.
> B, by an practical impossible luck, creates a private key that had founds that belonged to A already.
> B sends money to A (and A sends "something" or some information to B). Then, we don't know why, everyone decides to change their Bitcoin rules and the result is that A can't get to spend his money in the new version.
I started an article (here) trying to defend the idea that bitcoin is not private property, therefore all of the examples above couldn't be classified as theft or robbery (of private property).
What do you think?
Some situations where the bitcoin status of being a private property or not could arise:
> A mistakenly sends bitcoins to B, and A finds out who B is.
> A mistakenly shows his private keys to B (by just saying it), and A finds out who B is.
> B executes a replay attack on A.
> B, by an practical impossible luck, creates a private key that had founds that belonged to A already.
> B sends money to A (and A sends "something" or some information to B). Then, we don't know why, everyone decides to change their Bitcoin rules and the result is that A can't get to spend his money in the new version.
I started an article (here) trying to defend the idea that bitcoin is not private property, therefore all of the examples above couldn't be classified as theft or robbery (of private property).
What do you think?
Well, It seems to me that it depends on how you think about bitcoin but for me it is a private key because I can earn it on my own and I can hold it as long as I can. Though Bitcoin can be earn by anyone or any person who wants to do it, still once we have a cryptocurrency in our hand it is now a private. We should analyzed more about cryoto to properly used it.
Bitcoin is a private property because we get money by buying, anyone cannot take it without an agreement or if we live in a country that prohibits the ownership of Bitcoin. so Bitcoin is indeed private property.
I'm talking about the money kind of bitcoin.
Some situations where the bitcoin status of being a private property or not could arise:
> A mistakenly sends bitcoins to B, and A finds out who B is.
> A mistakenly shows his private keys to B (by just saying it), and A finds out who B is.
> B executes a replay attack on A.
> B, by an practical impossible luck, creates a private key that had founds that belonged to A already.
> B sends money to A (and A sends "something" or some information to B). Then, we don't know why, everyone decides to change their Bitcoin rules and the result is that A can't get to spend his money in the new version.
I started an article (here) trying to defend the idea that bitcoin is not private property, therefore all of the examples above couldn't be classified as theft or robbery (of private property).
What do you think?
I'm against the idea that bitcoin is private property. Yet, if it is considered as 'private property' which belongs only to the owner of bitcoin, I would be agree. It means that the owner have right to sell, to hold, to trade, or even to donate it at any time. Some situations where the bitcoin status of being a private property or not could arise:
> A mistakenly sends bitcoins to B, and A finds out who B is.
> A mistakenly shows his private keys to B (by just saying it), and A finds out who B is.
> B executes a replay attack on A.
> B, by an practical impossible luck, creates a private key that had founds that belonged to A already.
> B sends money to A (and A sends "something" or some information to B). Then, we don't know why, everyone decides to change their Bitcoin rules and the result is that A can't get to spend his money in the new version.
I started an article (here) trying to defend the idea that bitcoin is not private property, therefore all of the examples above couldn't be classified as theft or robbery (of private property).
What do you think?
As long a it is earned and circulated its a public currency. The expectation is to have it as a public currency. But when its earned and held back for days, months and years, then it becomes stagnant and a private currency which is not even said as bad as the individual has worked if for. As Bitcoin is trusted on its value's growth, people do keep it as an asset for times to have the value still increase. There is a big relaxation when keeping bitcoin as an asset instead of having other types of assets like properties, houses, money kept in houses and banks and etc.
Jump to: