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Topic: Are Bitcoin private property - page 7. (Read 25338 times)

member
Activity: 79
Merit: 10
October 17, 2016, 01:37:32 PM
#36
yes there is no doubt about this that bitcoin is a private currency, it does not belong to any group or state but it is a private currency of the person who is owning it.
full member
Activity: 196
Merit: 100
October 12, 2016, 03:05:54 PM
#35
yes bitcoin is a private property ans it is not the property of a state or a forum or of a single person, it is the property of the person who is really owing it, if you have 40 bitcoins then you are the owner of 40 Bitcoin and it is really your own property.
pti
newbie
Activity: 8
Merit: 0
October 10, 2016, 12:17:20 AM
#34
yes bitcoin is a private property and any one who hold bitcoin is the owner of these bitcoins.
legendary
Activity: 1092
Merit: 1000
GATCOIN : The New Currency Of Digital Marketing
October 08, 2016, 05:08:30 PM
#33
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.
I think he didn't mean to ask who the owner would be if possession is concerned.I think he meant to ask what would be the case in case of someone receiving the coins mistakenly 
sr. member
Activity: 462
Merit: 250
October 08, 2016, 04:49:43 PM
#32
yes there is no doubt about this that bitcoin is a private property
hero member
Activity: 658
Merit: 500
October 07, 2016, 04:41:25 PM
#31
It is not a private property since we are able to hold, sell, buy, earn, and invest them.  If it is a private property then it was regulated by a company or some people and the supply or the bitcoin would be really low.  And its price is truly so high because it was being regulated by a company.  They got hold of the price of it.  Its price is stable.  Maybe if it was a private property only some people have the capacity to have a bitcoin.
but to me bitcoin is a private property, because every one has the right to hold it for how long time he wan to. there is no time frame for holding bitcoin, and the second is that ever one has the right to use bitcoin according to their own choice.
yes i am agree with you, it is a  fact that bitcoin is a private property because the government has no concern with it  and it is not under the influence of any start or government, actually it is the property of those people who are owning it, if i have 10 bitcoins then the 10 bitcoins are my property, so every one is the owner of the peroperty who is own it.

Still confuse on private property thing.  But yes, you do have a point.  It is not government owned so it was a private property just like companies who were not owned by the government.  Since we have some of bitcoins then we are the owners and it become a private property because government do not have any cut on it like having a tax on it.  

None of the government own it so we call it as our private property but in a capitalist system of society the fiat is also considered as our private property and the land we own is also considered as our private property because we do hard work for it to earn that and make that for our self.
here in our country when you are buying a piece of land and when going to register it on your name there you can see these world that, "First this land is the property of Allah and then the Government of XYZ and after that you are the owner of that that" so it mean that if our government need that land they can take it from me, but i think in case of bitcoin no one have the right to take your bitcoin from you. therefore i can say that bitcoin is a private property.

It is true that everything on the earth belong to God and have right on all the universe. But it is injustice that your government also claim an ownership on your land. If you spend your money to buy that then your government do not have any right to take it.
sr. member
Activity: 462
Merit: 250
October 07, 2016, 04:06:03 PM
#30
yes bitcoin is a private property no doubt a bout this .
newbie
Activity: 17
Merit: 0
September 27, 2016, 09:41:13 AM
#29
ye bitcoin is a private property and not the property of one person.
full member
Activity: 196
Merit: 100
September 23, 2016, 01:36:15 PM
#28
It is not a private property since we are able to hold, sell, buy, earn, and invest them.  If it is a private property then it was regulated by a company or some people and the supply or the bitcoin would be really low.  And its price is truly so high because it was being regulated by a company.  They got hold of the price of it.  Its price is stable.  Maybe if it was a private property only some people have the capacity to have a bitcoin.
but to me bitcoin is a private property, because every one has the right to hold it for how long time he wan to. there is no time frame for holding bitcoin, and the second is that ever one has the right to use bitcoin according to their own choice.
yes i am agree with you, it is a  fact that bitcoin is a private property because the government has no concern with it  and it is not under the influence of any start or government, actually it is the property of those people who are owning it, if i have 10 bitcoins then the 10 bitcoins are my property, so every one is the owner of the peroperty who is own it.

Still confuse on private property thing.  But yes, you do have a point.  It is not government owned so it was a private property just like companies who were not owned by the government.  Since we have some of bitcoins then we are the owners and it become a private property because government do not have any cut on it like having a tax on it. 

None of the government own it so we call it as our private property but in a capitalist system of society the fiat is also considered as our private property and the land we own is also considered as our private property because we do hard work for it to earn that and make that for our self.
in our country when you are going to buy a piece of land it is clearly mentioned in it that this land is the property Allah Almighty and then this the property of Government of Pakistan and after that you are the owner of this land, it means that if the country need for the place you are owning the govt has the right to take it from you.
full member
Activity: 210
Merit: 100
September 19, 2016, 04:41:55 PM
#27
It is not a private property since we are able to hold, sell, buy, earn, and invest them.  If it is a private property then it was regulated by a company or some people and the supply or the bitcoin would be really low.  And its price is truly so high because it was being regulated by a company.  They got hold of the price of it.  Its price is stable.  Maybe if it was a private property only some people have the capacity to have a bitcoin.
but to me bitcoin is a private property, because every one has the right to hold it for how long time he wan to. there is no time frame for holding bitcoin, and the second is that ever one has the right to use bitcoin according to their own choice.
yes i am agree with you, it is a  fact that bitcoin is a private property because the government has no concern with it  and it is not under the influence of any start or government, actually it is the property of those people who are owning it, if i have 10 bitcoins then the 10 bitcoins are my property, so every one is the owner of the peroperty who is own it.

Still confuse on private property thing.  But yes, you do have a point.  It is not government owned so it was a private property just like companies who were not owned by the government.  Since we have some of bitcoins then we are the owners and it become a private property because government do not have any cut on it like having a tax on it.  

None of the government own it so we call it as our private property but in a capitalist system of society the fiat is also considered as our private property and the land we own is also considered as our private property because we do hard work for it to earn that and make that for our self.
here in our country when you are buying a piece of land and when going to register it on your name there you can see these world that, "First this land is the property of Allah and then the Government of XYZ and after that you are the owner of that that" so it mean that if our government need that land they can take it from me, but i think in case of bitcoin no one have the right to take your bitcoin from you. therefore i can say that bitcoin is a private property.
hero member
Activity: 672
Merit: 500
September 19, 2016, 02:36:57 PM
#26
It is not a private property since we are able to hold, sell, buy, earn, and invest them.  If it is a private property then it was regulated by a company or some people and the supply or the bitcoin would be really low.  And its price is truly so high because it was being regulated by a company.  They got hold of the price of it.  Its price is stable.  Maybe if it was a private property only some people have the capacity to have a bitcoin.
but to me bitcoin is a private property, because every one has the right to hold it for how long time he wan to. there is no time frame for holding bitcoin, and the second is that ever one has the right to use bitcoin according to their own choice.
yes i am agree with you, it is a  fact that bitcoin is a private property because the government has no concern with it  and it is not under the influence of any start or government, actually it is the property of those people who are owning it, if i have 10 bitcoins then the 10 bitcoins are my property, so every one is the owner of the peroperty who is own it.

Still confuse on private property thing.  But yes, you do have a point.  It is not government owned so it was a private property just like companies who were not owned by the government.  Since we have some of bitcoins then we are the owners and it become a private property because government do not have any cut on it like having a tax on it. 

None of the government own it so we call it as our private property but in a capitalist system of society the fiat is also considered as our private property and the land we own is also considered as our private property because we do hard work for it to earn that and make that for our self.
hero member
Activity: 994
Merit: 544
September 19, 2016, 01:41:38 AM
#25
It is not a private property since we are able to hold, sell, buy, earn, and invest them.  If it is a private property then it was regulated by a company or some people and the supply or the bitcoin would be really low.  And its price is truly so high because it was being regulated by a company.  They got hold of the price of it.  Its price is stable.  Maybe if it was a private property only some people have the capacity to have a bitcoin.
but to me bitcoin is a private property, because every one has the right to hold it for how long time he wan to. there is no time frame for holding bitcoin, and the second is that ever one has the right to use bitcoin according to their own choice.
yes i am agree with you, it is a  fact that bitcoin is a private property because the government has no concern with it  and it is not under the influence of any start or government, actually it is the property of those people who are owning it, if i have 10 bitcoins then the 10 bitcoins are my property, so every one is the owner of the peroperty who is own it.

Still confuse on private property thing.  But yes, you do have a point.  It is not government owned so it was a private property just like companies who were not owned by the government.  Since we have some of bitcoins then we are the owners and it become a private property because government do not have any cut on it like having a tax on it. 
sr. member
Activity: 252
Merit: 250
September 18, 2016, 10:04:14 PM
#24
It is not a private property since we are able to hold, sell, buy, earn, and invest them.  If it is a private property then it was regulated by a company or some people and the supply or the bitcoin would be really low.  And its price is truly so high because it was being regulated by a company.  They got hold of the price of it.  Its price is stable.  Maybe if it was a private property only some people have the capacity to have a bitcoin.
but to me bitcoin is a private property, because every one has the right to hold it for how long time he wan to. there is no time frame for holding bitcoin, and the second is that ever one has the right to use bitcoin according to their own choice.
yes i am agree with you, it is a  fact that bitcoin is a private property because the government has no concern with it  and it is not under the influence of any start or government, actually it is the property of those people who are owning it, if i have 10 bitcoins then the 10 bitcoins are my property, so every one is the owner of the peroperty who is own it.
full member
Activity: 196
Merit: 100
September 18, 2016, 01:42:26 AM
#23
It is not a private property since we are able to hold, sell, buy, earn, and invest them.  If it is a private property then it was regulated by a company or some people and the supply or the bitcoin would be really low.  And its price is truly so high because it was being regulated by a company.  They got hold of the price of it.  Its price is stable.  Maybe if it was a private property only some people have the capacity to have a bitcoin.
but to me bitcoin is a private property, because every one has the right to hold it for how long time he wan to. there is no time frame for holding bitcoin, and the second is that ever one has the right to use bitcoin according to their own choice.
sr. member
Activity: 336
Merit: 250
September 17, 2016, 03:15:04 AM
#22
It is not a private property since we are able to hold, sell, buy, earn, and invest them.  If it is a private property then it was regulated by a company or some people and the supply or the bitcoin would be really low.  And its price is truly so high because it was being regulated by a company.  They got hold of the price of it.  Its price is stable.  Maybe if it was a private property only some people have the capacity to have a bitcoin.
hero member
Activity: 994
Merit: 544
September 16, 2016, 03:55:07 AM
#21
I am confused on what you are trying to say.  Private property as to ownership?  If it is that's the case, do you think we will be able to experience bitcoin today?  If they keep it to their self and just sell like only a 10% of bitcoin would it become a hit!  I do not think so.

If we keep it then we are the owner and it will become private property since you do not want other people to know your address and the bitcoin you have.
sr. member
Activity: 252
Merit: 250
September 13, 2016, 01:49:21 PM
#20
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.
newbie
Activity: 11
Merit: 0
September 10, 2016, 08:22:12 PM
#19
By possessing bitcoin,you get the right to hold,sell,spend or let it lay idle in your wallet>Once you lose it anyhow you also lose the right to claim its ownership
I get your point. But I'm not sure we should use the word "right" as a "positive right", as some people (governments) could enforce this right (and be aggressive toward some people).



I have one more example that could actually arise in reality:

> 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.

So does A have a right to force other participants to use his arbitrary version of the Bitcoin, in order to be able to spend his money? I mean, could his justification of "I have the right to spend those bitcoins" be used while he attacks other people when trying to force them to change their stuff on their computers? I'm thinking about governments behavior and analogous justifications. Since I believe that bitcoins aren't priv. prop., that kind of justification is wrong.
full member
Activity: 210
Merit: 100
September 04, 2016, 03:21:38 PM
#18
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.
legendary
Activity: 1092
Merit: 1000
GATCOIN : The New Currency Of Digital Marketing
September 04, 2016, 05:11:10 AM
#17
Remember, Bitcoin technically doesn't sit or move, what does move is the private bitcoin address, so all you technically own is that address, so if its in your control, you own it, i guess.
A court will be pragmatic and look past this technicality. A bitcoin is a type of property -- a general intangible. Like a right to something.

I think this topic requires a long open debate and there should be some consensus on how such an issue be tackled.We need some guidelines set by bitcoin community
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