Topic: Could there be a law on stolen bitcoins? - page 6. (Read 6687 times)
There is no way to get the scammer when he makes all hiden, even some companies, opened for scam purposes, the max you will get is the owner going jail, and your coins will be lost forever.
Laws already exist in majority of the countries for stealing of money or something equivalent to money. But the thing is bitcoin is anonymous it will be hard to track someone plus the government doesn't even recognized bitcoin, and in some countries bitcoins are even banned. There are many hurdles to overcome before something like this happens.
How will you find those who stoled?
Nope. If there is, then Bitcoin would have to be regulated by the government which is basically the exact opposite of what everyone wants Bitcoin to be.
There is a law, not just for bitcoins but fr every kind of theft, just it's kind of harder to track someone down if they're using btc.
apparently there has been no law that we could see being enforced about theft of bitcoin because if there were they should have started with all those bitcoin hacks and those were millions of dollars worth of bitcoin from big businesses like bitfinex for example, but we never see anybody get caught!
If there'll be a law for bitcoin then the government has control over bitcoin. We know that bitcoin is decentralized and no one has control on it, so I don't think there'll be a law fir bitcoin. Besides, tracing bitcoin is hard to do, nearly impossible, because it's anonymity.
There is already laws about theft, the problem is proving it or tracing the transactions. plus the old quote also stands here: if you dont own and secure the private keys then you dont own the bitcoin..... blunt but true 
Really? That was nice. Before there wasn't that's why PONZI's are scattered everywhere last time. Even the biggest company became scam and no one claims back their stolen investment. And we cannot file a case to them because bitcoin is not recognized by the government. It is our main problem when transacting to someone. But, its a good thing a law has been passed to prevent these things and we are not protected to those scammers. Its a great update in Bitcoin.
I already believe there's law in evry country about stealing other peoples stuff... just be smart and don't invest anything in some dodgy websites that offer services that are just too good to be true.
There is already laws about theft, the problem is proving it or tracing the transactions. plus the old quote also stands here: if you dont own and secure the private keys then you dont own the bitcoin..... blunt but true
Could there be a law on stolen bitcoins? What if there would be a law punishing those who steal bitcoins and those people behind scam sites?
I believe almost every country now having regulations against cyber crime so bitcoin by default will fall within that category to punish them. Stealing digital or intellectual property is already an offense in most of the countries.is it necessary to have such law? I'm just wondering
Never think bitcoin as an alien thing or just a free thing. It is just a money, so we need to give all the importance we are giving to fiats. Definitely, we must have regulations for punishing a bitcoin scammer/hacker. 
Could there be a law on stolen bitcoins? What if there would be a law punishing those who steal bitcoins and those people behind scam sites? And if so, is it necessary to have such law? I'm just wondering, if there would be such law about stolen bitcoins, it could be a big relief to us bitcoin users. But then, there are so many questions and issues that goes with this ideal that makes me skeptical about it. 
We don't need a law on this because we have enough laws protecting the citizens from thievery. However, there can be a big problem if we implement the law on the use and misuse of Bitcoin because of the decentralized nature of this currency. I am sure that soon there can be solution on this regard and hope that it can be available for all of us. In the meantime, just be careful in your daily transactions involving Bitcoins.
One of the biggest adventages on bitcoin that nobody has the ability to reverse a transaction(unless the community agrees on doing a fork which is less likely to happen), which makes selling really easy and safe,but also makes buying risky ,as you wont be able to cancel the transaction if you need to.
I guess if the thief didn't put the coins in a bitcoin mixer first, it would be possible for you to track him and put him in jail. Even so, it's still hard to track someone online. In the history of bitcoin, there are big companies that have the money to hire an internet investigator or something to find who hacked their website but they were never able to put the hackers in jail. But I guess not all of those companies actually got hacked. Maybe there's some inside job that happened.
The authorities will have a hard time finding who stole your bitcoins
This is unfortunately true. If you report that you have been hacked, or perhaps that someone potentially has stolen your coins, there is no way the police department will know how to deal with it. They will just put it in their system, and that's it. Nothing will be done to actually have it worked out, or at least looked into.
even Bitfinex does not know who stole its $67M in bitcoins.
They know very well where these coins have gone... But that's another story.
Bitcoin mixing is quite anonymous and transactions cannot be reversed.
So what law are you going to make against that?
So what law are you going to make against that?
What mostly happens with things that are very difficult to sort out, is that they get banned all the way. That's the easiest and least time consuming option for them to deal with it. Just look at the policitians, police departments, etc, they have a huge tech related gap that is very difficult for them to fill. It's a matter of educating your own people, but that costs money....
The authorities will have a hard time finding who stole your bitcoins even Bitfinex does not know who stole its $67M in bitcoins.
Bitcoin mixing is quite anonymous and transactions cannot be reversed.
So what law are you going to make against that?
Bitcoin mixing is quite anonymous and transactions cannot be reversed.
So what law are you going to make against that?
I do not think there is a law in stolen bitcoin yet since bitcoin is not government regulated there is no policy approved by the law. And also it is hard to trace who are the one liable in staling bitcoin.
There are laws in which this falls under, it is called theft and fraud. The issue is that there are not enough information about the Bitcoin and not enough funds to help prevent bitcoin from being stolen. As soon as a enforcement agency comes into play, then there will be issues and problems for these thieves.
Could there be a law on stolen bitcoins? What if there would be a law punishing those who steal bitcoins and those people behind scam sites? And if so, is it necessary to have such law? I'm just wondering, if there would be such law about stolen bitcoins, it could be a big relief to us bitcoin users. But then, there are so many questions and issues that goes with this ideal that makes me skeptical about it.
Bro There are Already Some Laws Created For this Type Of Crimes Like Steal Bitcoin From a Wallet Or A Person Scammed Many Bitcoins From Others Then He Can be Punished For that If He Caught By any country..... Because Theft and Scamming People is illegal in every Country......
Could there be a law on stolen bitcoins? What if there would be a law punishing those who steal bitcoins and those people behind scam sites? And if so, is it necessary to have such law? I'm just wondering, if there would be such law about stolen bitcoins, it could be a big relief to us bitcoin users. But then, there are so many questions and issues that goes with this ideal that makes me skeptical about it.
Bro There are Already Some Laws Created For this Type Of Crimes Like Steal Bitcoin From a Wallet Or A Person Scammed Many Bitcoins From Others Then He Can be Punished For that If He Caught By any country..... Because Theft and Scamming People is illegal in every Country......
The problem is that it is very hard to catch those that steal bitcoins because of the anonymity. In many cases the thief is most likely in another country which makes it even harder to track.
Even if the authority catches those people who steal bitcoin, the problem is, there is no one owns bitcoin so basically you cannot file a complaint of thief because you don't have a proof of ownership over that bitcoin. Sad but it is true that people who stole lots of bitcoin had gone out of prison because of this issue.
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