Are Bitcoin private property - page 3.

denny27

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Quote from: zahed on May 21, 2018, 07:59:07 AM

I think Bitcoin is a secret property for where countries banned BTC.Because in which countries bank dosen't allow Bitcoin transaction by bank.
Yeah i believe BTC and Cryptocurrency is our online future property.

yeah and because of its characteristic of Bitcoin itself, I think it's still a matter of consideration for certain countries. This is one of the things that are related about the future, and I'm sure that later on., it will get support until it will build the country more advanced due to bitcoin-related technology as well as all things related to cryptos.

Luckyji

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To me i will say yes that bitcoin is a private property because when you earn a bitcoin it is coming into wallet and of which you are the holder of the private key until you release the private no body can access the bitcoin in your wallet so for the moment you are holding it it remains your private properity.

zahed

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I think Bitcoin is a secret property for where countries banned BTC.Because in which countries bank dosen't allow Bitcoin transaction by bank.
Yeah i believe BTC and Cryptocurrency is our online future property.

labhsikh123

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This is a good question. Although, I think bitcoin is a private property yet it should be more debatable to accurate clarify.

Slipknot79

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It all depends on what kind of wallet your bitcoin is in; if it is a hot wallet it is yours for that time being. However, if that specific wallet has to have a fall back and the app has to shut down then ALL your BTC or ETH goes with the app. If your BTC or ETH is a cold wallet then that is your property and will remain yours unless you choose to make an exchange or so forth.

milewilda

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Quote from: maarx on May 09, 2018, 02:06:13 AM

As long as any property, asset and etc you own yourself is obviously yours, but when you loose your ownership of the anything, you can not get it back. Bitcoin is just a currency and as long as its with you, you own it and the moment you spend it, then nothing can be done. It feels good when you own something special to you right.

When we do talk or describe it on common sense way then its clear that this is really a private property since those coins either you attain by means of purchasing or earning the thing here is that its a digital currency which unlike on physical world where properties would be classified as things like house and any possession's that wont really correlate with fiat itself.

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here depends on the country of the regulator. For example, if Japan and the United States went on the way of recognizing the cryptocurrency as a digital currency from the part, then in Russia there was a bill that recognizes the crypto currency under the civil code as a product, that is, in fact when you change one crypto currency to another, then there will not be a contract of sale, Everything will depend on the legal system of the country.

maarx

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As long as any property, asset and etc you own yourself is obviously yours, but when you loose your ownership of the anything, you can not get it back. Bitcoin is just a currency and as long as its with you, you own it and the moment you spend it, then nothing can be done. It feels good when you own something special to you right.

marielbeckham

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The opinions differ here but I still suppose that yes, BTC is some kind of private property.

jcemos9bt

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Bitcoin is a private property you own and control your bank yourself without government or theird party control

ecnesa101

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In my opinion bitcoin is private property of individual who are using for it and own .

Aristus

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Bitcoin is not a private property.The simple defination of private property is "off limits" but that is not how bitcoin is circulating. As long as someone has the amount to invest he/she has access to it. Same as paper money how the bitcoin own by someone everyone can earn it in any kinds of legal works.

barbenoire123

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hello bitcoin is not a bitcoin private property is the property of those who own it, if i have bitcoins in my wallet, i own it's bitcoins. I can buy or sell them I'm free

Koadharber

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Quote from: LuanX3 on December 14, 2017, 01:53:45 AM

I agree. In our laws, possession is not tantamount to ownership but in this situation lies the exception.

As you ought to know, Bitcoin exists online. All incidents that relate to it depends on who possesses it. Say for instance in your given example, when someone mistakenly transmits his Bitcoins to another, that another already owns it. You may argue in this instance that it is still your private property but you will be gratifying yourself with too much workload trying to prove such. You should know by now how heavily encrypted all data are in the world of cryptos.

But, if your Bitcoins is already stored in your wallet, it is already a private property. This will then be a battle of evidence to prove ownership.

This is why we should really be careful on transferring bitcoins because once it would be transferred,taking it back would really be nearly impossible since you didnt even know on whose the one is holding or owning it and making argumentations would really be hard too because we do know once it has been passed it cant really be reversed and anyone can claim that they do really earn those coins which would really end up for you on not having a choice but to move on.

Greeneyedbat

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No, I think Bitcoin is just data being shifted around. Just like a virus and worm. There is no respect but the amount of respect and attention you put into it. Bitcoin is a form of currency but something that is up in the air and not physical monies that can be spent in a bar or hotel or in a grocery store. It is like putting value on respect itself, when the physical currency that is spent in everyday life is (also respected). Nowadays, we have to move into the computer age and are still ill-equipped to handle just the respect itself. It's not currency till the data is paid for and used as a useful tool in everyday life. I think that the state should have a word in it, but, should leave it open to, an open interpretation.

LuanX3

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I agree. In our laws, possession is not tantamount to ownership but in this situation lies the exception.

As you ought to know, Bitcoin exists online. All incidents that relate to it depends on who possesses it. Say for instance in your given example, when someone mistakenly transmits his Bitcoins to another, that another already owns it. You may argue in this instance that it is still your private property but you will be gratifying yourself with too much workload trying to prove such. You should know by now how heavily encrypted all data are in the world of cryptos.

But, if your Bitcoins is already stored in your wallet, it is already a private property. This will then be a battle of evidence to prove ownership.

SixOfFive

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Bitcoin in your wallet is your private property until you have your wallet private key. Being decentralize, you don't have any legal right on your BTC if you lost your private key and being transferable easily you can't really claim it after making a transaction. It is the game of the possession, whom so ever have the private key, have the possession and is the real owner.

ember.suc

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Bitcoin exchange transactions combines both private and public. the entire bitcoin transactions are done in the form of “address”. The “address” seems to be public but inside the address the value of bitcoin is private.

Protected101

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In my opinion bitcoin is private property due to its decentralized and no third party allow to transact our own transactions or a hackers that catch it up.I am sure that this is not public its for own safety and security why bitcoin is private property.

MCVXYZ

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Quote from: playking on October 25, 2017, 01:30:11 PM

no bitcoin is not a private property by the its not owned by anyone its cryptocurrency network

You are wrong.We can own,organize our bitcoins as we want,we can get profit from this and this is not illegal,it means that bitcoin is private property.In my country,This is a legal point of view.The combination of these (ownership,profitability,usage)concepts are the determinant of property.this is a part of economical-social life and bitcoin is persmisible in economical relations,this is the reason why i think that BTC is a private property.All prerequisites are satisfied to use general,legal norms and to be considered as private property.

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