Topic: Are Bitcoin private property - page 4. (Read 25325 times)
For me bitcoin is our private property that's why we called it a decentralized nobody can detect our transaction and no third party will allow.Maybe that is your mistake that somebody get your code.But there are some hackers or scammer who wants to get our coins and we need to be careful of that.
Private property implies what is owned and accessible only to an individual and with this we can say that bitcoin is private property.
In order to be eligible for a private property you should be able to prove it. How can you prove that bitcoin account belongs to you? Bitcoin is more like public property. Any person who has the access code can dispose of the bitcoins. Fiat, for example, is not the private property of the citizens. It is the property of the state. You only have the right to dispose of it.I'm sure it's not public, however I don't have any legal justify to argue Bitcoin isn't public... Bitcoin is surely private property, if someone takes your code and access your money it's theft. The problem is that there isn't guarantees on the law about it, for the local laws Bitcoin doesn't exist...
But as I know countries want Bitcoin holders to declare their coins as asset, paying annual tax and if they want it they must offer a guarantee back, no?
Private property implies what is owned and accessible only to an individual and with this we can say that bitcoin is private property.
In order to be eligible for a private property you should be able to prove it. How can you prove that bitcoin account belongs to you? Bitcoin is more like public property. Any person who has the access code can dispose of the bitcoins. Fiat, for example, is not the private property of the citizens. It is the property of the state. You only have the right to dispose of it.
Private property implies what is owned and accessible only to an individual and with this we can say that bitcoin is private property.
The property of a bitcoin depends on who has it, but if it was stolen.. then that is a different story.. its illegal but i dont know if theres some corresponding punishment for it. or if theres someone you could report it to. but to be sure, you need to be more careful hiding your private key, becausewhoever holds the key it is his/her property cause he/she got access to it. So be responsible in your wallet.
Also in private property IRL, you can charge someone who is trespassing on that property. In our case,you cant charge someone who got access on your account. As op stated it is A's fault if B accessed A. Because even if we are showing our address to different sites, it is not supposed to be hacked easily, we could even see transaction of particular address. The same case with all other wallets.
Yes, bitcoin is the private property. It is not like the other currency, which is the property of the state and government. So it is the property of those people who are owed it.
For me, BTC is the private property. If I have 10 BTC in my wallet then I am the owner of these coins and no one have the permission to access them except me.
Yes, bitcoin is private property and anyone who takes my coins is a thief. Because the probability of someone accidentally generating my private keys is zero.
yes it is a fact that bitcoin is the property of the those people who are owning it, it is not just like the fiat currency which is the property of the state and the private property of the people. I agree but it also depends on your respective laws in the country you reside on. Here in the Philippines, my colleague interviewed the lawyer at our BSP (Central Bank) and discussed about bitcoin's legitimacy. The lawyer said that bitcoin being a digitalized currency, it needs to be taxed if you got it from mining since it falls under the category of "other income". Also, bitcoin is being regarded here as 'property' and not as currency, thus it is not subjected to legal tender or for payment of debt. Though even if it was categorized by the BSP, in practice we still treat it as an alternative currency for the payment of our obligations or for investment.
Yes, bitcoin is private property and anyone who takes my coins is a thief. Because the probability of someone accidentally generating my private keys is zero.
yes it is a fact that bitcoin is the property of the those people who are owning it, it is not just like the fiat currency which is the property of the state and the private property of the people. I agree but it also depends on your respective laws in the country you reside on. Here in the Philippines, my colleague interviewed the lawyer at our BSP (Central Bank) and discussed about bitcoin's legitimacy. The lawyer said that bitcoin being a digitalized currency, it needs to be taxed if you got it from mining since it falls under the category of "other income". Also, bitcoin is being regarded here as 'property' and not as currency, thus it is not subjected to legal tender or for payment of debt. Though even if it was categorized by the BSP, in practice we still treat it as an alternative currency for the payment of our obligations or for investment.
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 understand your illustration but those acts are like voluntarily passing up bitcoin into another point since we can able to possess bitcoin in our own wallet then its considered private property unless if its really mean to be passed on because of such transactions and come to think that generating a key wont really able give you the chance on accessing someones wallet. Therefore its an impossible stuff. The problem here is that if someone get your property (bitcoin) you cant take it back since transaction and irreversible and i dont think if B would recieve that money he would decide to give it back. 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?
Yes it can be private like you add private key in the hard wallet that you only know.The only problem here when stocking your bitcoin is the volatile price but if you ask me about the volatile price now is not a problem because it will continue to grow little by little and if its going down i think 3% only in a month then it will grow again
If it is not owned by the government it is a private property for your information. There is really no argument here as the Bitcoin you earn is yours and therefore it is a private property anything that you mistakenly send no matter how much it is you have the right to retrieve it as it is yours and "B" has no right to spend or use it.
Everyone has the right to dispose of their private property. Who can forbid you to transfer the right to dispose of his property to another person? Since the contract notarized is not necessary that your translation may be a voluntary act of transfer of ownership. You can not demand the return of wrongly listed bitcoins.
yes bitcoins are private property else you dont have the right to hold them. you can choose to either keep, sell or trade with it. it your choice
If it is not owned by the government it is a private property for your information. There is really no argument here as the Bitcoin you earn is yours and therefore it is a private property anything that you mistakenly send no matter how much it is you have the right to retrieve it as it is yours and "B" has no right to spend or use it.
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?
Like any other currencies you own the coin as long as you have it, once you sell it or traded it for something else then you don't own the property anymore. Since you are not getting the coin from no where like for bitcoin you are owning a coin from buying or mining or as a payment for a service you made then it can be classified as theft if someone take it from you without permission.
The coins in your wallet are your private property and bitcoin is anyway no money from a juridical point of view. It has a value worth in fiat money but it isn't an official currency that has to be accepted. If A mistakenly sends bitcoins to B, and A finds out who B is, then this is an unjust enrichment and A has the right to demand his coins back from B.
WTF? so now if (A) sends out BTC to (B) he can jump the poor (B) just because she wasn't wearing a jump-proof pants? the late founder R.I.P Satoshi made the mining like a random lottery ticket draw, miners are too busy with finding blocks and they don't really want to mess with 12.5BTC potentially to be earned by changing-reversing transactions.Do we have more private property than pussies? lol I know that I promised not to use that word again, but this is a necessary evil. they're extremely private, yet people grab and jump on them without permission.
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?
I think your question wholly depends on how our respective laws define theft and robbery. Nonetheless, as per our State law, I think Bitcoin is a private property because private property, as defined under our code is "all things which are or may be the object of appropriation". As you may have noticed, our law did not distinguish as to what property shall fall as a private property. Thus, Bitcoin is a private property for all intents and purposes. This being the case, if someone steals Bitcoin from you, the former may be held criminally liable either for theft or robbery.
It doesn't matter how long the private key is, what matters is how much crypto currency in it that could send to "B". But as long as there is a transaction between " A" and "B" it can be traced by transaction History, but, once it is done the owner of the currency is recently the Holder or the Receiver. If is stolen he can pass it again to another not just one time but many times as long as the transaction would be more complicated and untraceable.
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?
I think what you have shared is not about private ownership but more on securities and safety of private keys on our accounts with stealing issues. For me if you say private property is something that you own like house and cars in which in bitcoin ownership if the coins are in your wallet then you own it privately but same with other things it can be stolen.
Probably if your bitcoins are stolen (because of your fault or negligence), it seems to me that this can not be classified as robbery, because there is no legal basis for this, and responsibility for this will be borne only by you
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