Are Bitcoin private property - page 5.

carlfebz2

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Quote from: bitcoinvamp on November 16, 2017, 11:32:53 AM

Quote from: swfsql on August 26, 2016, 11:26:53 AM

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?

Bitcoin is a private property until it is in your wallet , doesn't matter whether u spent it or just let it stay in the wallet. Once your money is not in your wallet its not your property anymore. It will belong to the person who receives it and you cannot do anything about it.

This is the beauty of having a bitcoin in your own wallet which if its stored in your wallet then no one could ever get it from you as long they don't know the keys which would access the wallet then it is still safe. It is considered as private property and cant be bruteforce a wallet since they would really need quantum computers to break hashes that's why theres no need to worry.

adamcro

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Well if you hold it I guess it's yours, like with the real money. Once you spend it or give it away it's not yours

bitcoinvamp

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Quote from: swfsql on August 26, 2016, 11:26:53 AM

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?

Bitcoin is a private property until it is in your wallet , doesn't matter whether u spent it or just let it stay in the wallet. Once your money is not in your wallet its not your property anymore. It will belong to the person who receives it and you cannot do anything about it.

MoonJeina

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Quote from: swfsql on August 26, 2016, 11:26:53 AM

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 think it is your private property until and unless you own it .
The private keys are suggested to keep very protected and doesn't have to be shared to anyone because of the same reason because if you have it its completely yours and the funds are also completely yours implying that it is your " private property". But once you loose it to someone you are most likely to loose everything you have in your wallet and that is no longer your private property and you have no right to claim that afterwards for any reason.

bitcoinisbest

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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

If btc as a whole is to be considered than it is not a private property. But if you do own some units of it then it becomes your own property, as you are the owner of that much units. Well also the country you stay in needs to consider it as a legal tender first so that you can make use of the cypto currency and pass it or exchange against the various services provided for btc.

Jating

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Quote from: swfsql on August 26, 2016, 11:26:53 AM

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?

When you own bitcoin, its your own private property. And we all know that having bitcoin is like having our own bank. How can someone knows who own Bitcoin A when there's no name associated with it?

And the situation you have put is flawed because as I have said, there is no name association so if hard to know who is the owner of A or B. And even those nodes are not private property of anyone.

They can decide to just drop out of the nodes without notifying others. And bitcoin is decentralize correct? So that alone shows the bitcoin is not a private property of anyone except you.

RahulRana

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Yes , Bitcoins are a private property. Because when in my wallet account 1 Bitcoin . so I think , l am the owner of the 1 Bitcoins.

sindikat

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Quote from: EugeneAS on October 26, 2017, 01:19:39 PM

While bitcoin is off the legal field in your country and you don't have any documents that could prove your property rights it hardly can be called private property

If you have a certain amount of Fiat. How can you prove that is your money? You don't have the invoice that you received as payment of their labor banknotes with defined rooms. So Fiat and bitcoin are in the same conditions. It seems to me that bitcoin will be very difficult in court to recognize the property because no documents support it is not. Moreover volatility of bitcoin it is impossible to establish the cost of damage.

Twentyonepaylots

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i think yes bitcoin is a personal property, because that is your money only digitalized, so no one can get them from you without your consent.

EugeneAS

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While bitcoin is off the legal field in your country and you don't have any documents that could prove your property rights it hardly can be called private property

Palmerson

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Quote from: orions.belt19 on October 24, 2017, 05:45:09 PM

Well, in my country bitcoin is not yet recognized as money or a currency. Bitcoin does not have legal tender. It is actually considered as property - just like labor. I guess it would depend on the jurisdiction or law of your country. It may be possible for other countries to have different recognitions on bitcoin or crypto. If this were the case, then theft or robbery may apply differently as well. The current recognition of bitcoin in my country may not constitute to theft or robbery as well.

Any private property shall have the assessed value in Fiat. If the state does not recognize the cryptocurrency market then they can not accept the price. Therefore, they cannot perform fully their duties to protect private property rights. The state does not recognize bitcoin because they are afraid that it can undermine the foundations of the state. I think that we will long to live in uncertainty.

Emmami@758

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Quote from: swfsql on August 26, 2016, 11:26:53 AM

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?

actually i'm new to this forum and i have no bit coins. but i'm trying to earn bit coins. my friends they all properties sell and buy a more bit coins. they are won of bit coins. so then i get inspired about this i want to won some more bit coins in my life and get rich. really bit coin has great demand present its price going to up.i wish to every one buy at least one it coin in their life.

playking

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

alexcopper

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I feel like if you own it and you're recorded in the ledger, shouldn't a mediator be able to look at the ledger and return it to you?

This is wishful thinking of course lol. always wondered where bitcoin goes if you send it tot he wrong address

orions.belt19

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Well, in my country bitcoin is not yet recognized as money or a currency. Bitcoin does not have legal tender. It is actually considered as property - just like labor. I guess it would depend on the jurisdiction or law of your country. It may be possible for other countries to have different recognitions on bitcoin or crypto. If this were the case, then theft or robbery may apply differently as well. The current recognition of bitcoin in my country may not constitute to theft or robbery as well.

Proton2233

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Quote from: Xanxus024 on October 24, 2017, 01:32:53 PM

I'm not considering bitcoin is a private property. Bitcoin is only a property that cannot taken away. As long as you have your bitcoin and the private key you can use it to transact or safely to pass person to person.

Bitcoin is not property. Many countries recognize it tender but this is not quite true because the coin holders is not possible to spend bitcoin directly. It seems to me that bitcoin is more similar to traveler's checks which are to serve needs to be changed in the Bank for Fiat.

Xanxus024

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I'm not considering bitcoin is a private property. Bitcoin is only a property that cannot taken away. As long as you have your bitcoin and the private key you can use it to transact or safely to pass person to person.

1.btcwonder

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The coins, on the off chance that they are justified regardless of any fiat cash, all that is quite recently some theoretical thoughts...
what's more, the main thing you truly have physical control of is the reality you have the watchword to decode that piece of the exchange chain. Each nation, state, purview, and so forth have their own specific manners of characterizing bitcoin. Check with yours and see what you find. Anyhow your region laws, having the private key to your bitcoin is basically owning assets.

crazycatwoman03

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Quote from: swfsql on August 26, 2016, 11:26:53 AM

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 don't think you can call it a private property. Bitcoin is a cryptocurrency which means that it is a digital based currency. Maybe if you have bitcoin then you decided to convert it and have it as a paper money in your wallet. You may call it as "private property" as soon as you possessed it. You may sell it, trade it, invest it and perform transactions using bitcoin, in other words, you have control over it but it is not as private as you may want it to be.

kryptqnick

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Firstly, I think it is absolutely impossible to generate the same key that there already is. Secondly, as for Bitcoin being property, I suppose it depends on our attitude to it and legal status. We can behave with bitcoin as if it was our toy or car or anything else, or can think of it as of a currency. Af for legal status, in Venezuela Bitcoin is officially property.

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