Is Bitcoin an independent property? | Bitcointalksearch.org

Majestic-milf

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Quote from: B-Bit on August 06, 2021, 10:03:48 PM

If I had some bitcoins before I got married, and used bitcoins to buy houses, cars, etc.
When the price of Bitcoin went up, I sold Bitcoin. Is this my money my own? Or is it shared by husband and wife?
When I get divorced, do I split up my bitcoins?

No need to be confused if is your money or not, you labored for it so I'd say "yes" is you money and you have the right to do whatever you feel like doing with it. But if you married and you feel you want to share it then why not share? It only takes that
special someone that you love so much to say "hey, I have this and I'd like to share with you" if not then forget ever saying it to anybody that you have something big. But if you're divorced I feel there's a chance that you might do some splitting on that.

bmwister

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The attitude to the bitcoin system varies considerably from country to country. In many countries, the status has not yet been determined or is changing. In some countries, bitcoin transactions are officially authorized. They are usually treated as a commodity or investment asset and are subject to the relevant legislation for tax purposes. Sometimes bitcoins are recognized as legal tender, while in other countries, such as Japan, bitcoins are legal tender with a tax on their purchase. In other countries (e.g., China), bitcoin transactions are prohibited for banks but allowed for individuals.

In my opinion, digital money is treated as property for tax purposes. Cryptocurrency transactions are taxable. For example, wages paid to employees in Bitcoin are subject to federal income tax and payroll tax.

Sexylizzy2813

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To start with, Bitcoin is an independent property not like money. Bitcoin can be owned not because it's money, but because it is a property therefore, it's self takes precedence. Property probably can mean variety of things but there are suppositions to it. Independent property is kind of ambiguous, imagine a citizen of a particular nation with sturdy democratic institution but far away from them is a sailor of international waters, void of citizenship. Now imagine they are holding one Bitcoin in a multisig wallet which means they have a collective right to some sort of Bitcoin. If the private key is stolen then it can be reported to the authority, but for the sailor there's no legal construct for his property. Getting such would be difficult if possibly not going to happen.

https://bitcoinmagazine.com/culture/bitcoin-creates-a-new-type-of-property-ownership

With all these I don't think is even proper to let anyone know or have access to your Bitcoin related property. Unless you choose to share it with your spouse as the case may be.

ajochems

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When the property of husband was moveto his wife.So the bitcoin also shared by the husband on shop. And when the moveless property was lead by the father should be given to his son.The husband should share the private to the wallet to his wife.He should say the importance of the bitcoin. And why he brought bitcoin and why he holding for this much years as an asset. Or else, the husband can give the access of private key to wife.

Gozie51

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Quote from: browsiek on February 19, 2022, 02:19:25 PM

In my opinion, it is your own right of ownership because you have owned all of it from before you got married or had a family, but for the problem of dividing the property you have, it all goes back to your own person as long as you don't feel disadvantaged and that can make you happy why no, And if indeed it is part of your responsibility as a husband then do it.

I think a man has to provide for his wife and children. Where he is still the husband. No need to create demarcation because you already made vow to marry and the children from it are your responsibility. I think soon maybe disclosure of property and income before marriage can start, it will be better although bitcoin may be hidden as it is decentralised, ananymous allowing the man to review only that which he want.

browsiek

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Quote from: Ryker1 on February 08, 2022, 01:07:13 AM

Quote from: B-Bit on August 06, 2021, 10:03:48 PM

If I had some bitcoins before I got married, and used bitcoins to buy houses, cars, etc.
When the price of Bitcoin went up, I sold Bitcoin. Is this my money my own? Or is it shared by husband and wife?
When I get divorced, do I split up my bitcoins?

Well, it always belongs to the conjugal properties which mean your partners can anytime claim what's you have.
As everyone has noted, --if you are residing in a place where the law permits interfering with cryptocurrency holdings, it will be surely legally split as husband and wife when you get a divorce. However, if you own bitcoin before you marry and haven't sold it or used it to pay for something during the marriage, I also believe it cannot be declared as common or it is still separate property.

In my opinion, it is your own right of ownership because you have owned all of it from before you got married or had a family, but for the problem of dividing the property you have, it all goes back to your own person as long as you don't feel disadvantaged and that can make you happy why no, And if indeed it is part of your responsibility as a husband then do it.

poldanmig

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Quote from: B-Bit on August 06, 2021, 10:03:48 PM

If I had some bitcoins before I got married, and used bitcoins to buy houses, cars, etc.
When the price of Bitcoin went up, I sold Bitcoin. Is this my money my own? Or is it shared by husband and wife?
When I get divorced, do I split up my bitcoins?

In my opinion, it all depends on the decision you make because the asset you owned before marriage and in this case your ex wife/husband is not entitled to the asset, unless you voluntarily want to share the assets you have with your ex-husband or wife , as far as I know, only assets that we get after marriage that we must share with our ex-husband or wife after divorce, but if you have son of course your children have full rights over all the assets you own and you are obliged to give them as a form of inheritance.

g-uid

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Quote from: B-Bit on August 06, 2021, 10:03:48 PM

If I had some bitcoins before I got married, and used bitcoins to buy houses, cars, etc.
When the price of Bitcoin went up, I sold Bitcoin. Is this my money my own? Or is it shared by husband and wife?
When I get divorced, do I split up my bitcoins?

The fact is this: if it was yours before you got married and you can prove it, then it is yours when you get divorced. That's it.

Ryker1

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Quote from: B-Bit on August 06, 2021, 10:03:48 PM

If I had some bitcoins before I got married, and used bitcoins to buy houses, cars, etc.
When the price of Bitcoin went up, I sold Bitcoin. Is this my money my own? Or is it shared by husband and wife?
When I get divorced, do I split up my bitcoins?

Well, it always belongs to the conjugal properties which mean your partners can anytime claim what's you have.
As everyone has noted, --if you are residing in a place where the law permits interfering with cryptocurrency holdings, it will be surely legally split as husband and wife when you get a divorce. However, if you own bitcoin before you marry and haven't sold it or used it to pay for something during the marriage, I also believe it cannot be declared as common or it is still separate property.

syedakhlaque

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Bitcoin is independent of money and property. If you have bitcoin. It will be your independent money.No one can take it except you share someone if you like to do so. You can use this cryptocurrency for stalking trading, mining, or some other trade you like. But after the divorce who will claim or share is negative thinking .so please be positive and try to keep your thinking positive. You are to share love not some, unlike things.

Gozie51

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Quote from: YOSHIE on November 18, 2021, 01:02:19 AM

if you object to sharing Bitcoin with your wife, don't get married.

This is sounding funny . Bitcoin hodling shouldn't stop a man or woman from getting married. So what if bitcoin wasn't existing, won't marriage continue ? It all depends on the luck you have with your spouse, some spouse don't really border on what you have or how you use it. So what about fiat or cash, do you have to border about not disclosing or disclosing how much cash you physically have before getting married ? It all depends on what quality your spouse see in you and your ability to attract fiat, cash or wealth and by extension "bitcoin".

To this matter have we thought of if your wallet was hacked and all the bitcoin is gone or if you send your coin wrongly to another wallet and all is gone. These are all hypothesis that can come in the matter. Grin

YOSHIE

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Quote from: B-Bit on August 06, 2021, 10:03:48 PM

If I had some bitcoins before I got married, and used bitcoins to buy houses, cars, etc.
When the price of Bitcoin went up, I sold Bitcoin. Is this my money my own? Or is it shared by husband and wife?
When I get divorced, do I split up my bitcoins?

Did I miss something here.......!

What an ironic question, my advice to you, if you have doubts about your wife in distributing Bitcoins for her, don't take that woman as a wife, find a woman who loves you, that can make you happy and love you.

Bitcoin that you get when you are single and you keep it until you have a wife/child, you have the right to share it with them, it is your full responsibility to provide physical and spiritual support for your wife and children.

Conclusion: you have the right to share Bitcoin with your wife and children, it is mandatory, if you object to sharing Bitcoin with your wife, don't get married.

slaman29

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Quote from: imstillthebest on August 07, 2021, 12:06:15 PM

im not expert with this talks but i think it was yours because you earn all of it before you got married tho it was also up to you if you are going to share all of this things to your wife if you love your wife so much and you feel that she wont cheat on you .

Quote

When I get divorced, do I split up my bitcoins?

depending on what it was written in the divorced document the answer can be yes and no but it looks complicated if you measure all the things that you own in btc when they are already converted .

Shared property. If you marry people and we all start to calculate wages and property earned, then we should even go back to childhood and give back what the state earned for you and what your parents earned for you

It's pointless to calculate things like this which is why after a divorce it doesn't matter, you split up so you take 50/50 and then pay alimony if the other person cannot earn. Only prenuptials change this.

I don't see why Bitcoin's legal status should make it any different.

stomachgrowls

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Quote from: Gozie51 on November 03, 2021, 11:14:27 AM

Quote from: syedakhlaque on October 16, 2021, 08:27:56 AM

The second is that it is best for you to avoid divorce and try to solve your differences through negotiation. and start a peaceful and happy life.

Avoiding divorce is not when the relationship has become violent and life threatening. This could lead to death and you have to alive to have a partner because if death occurs the survival either routine in jail.

Quote from: electronicash on October 02, 2021, 11:04:19 AM

i actually think OP is already married and wants a divorce. falling out of love too quickly i guess,

I went through op post again and it is not really looking like he is looking for divorce, maybe trying to understand such situation. Except op says what the reason is for his question for better suggestion.

Most likely he had some plans? You wouldnt really be asking out something like this if you wont really be tending in doing so which means that he had really might have some plans on having a divorce.

When making out some decisions on where you had bought things back in the past when you are still married then those things owned by both you and your wife since its conjugal.

When things turns out to be sour and decide some divroce then you can opt in not to declare all of your bitcoin holdings to avoid such
split up. What yah think?

Gozie51

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Quote from: syedakhlaque on October 16, 2021, 08:27:56 AM

The second is that it is best for you to avoid divorce and try to solve your differences through negotiation. and start a peaceful and happy life.

Avoiding divorce is not when the relationship has become violent and life threatening. This could lead to death and you have to alive to have a partner because if death occurs the survival either routine in jail.

Quote from: electronicash on October 02, 2021, 11:04:19 AM

i actually think OP is already married and wants a divorce. falling out of love too quickly i guess,

I went through op post again and it is not really looking like he is looking for divorce, maybe trying to understand such situation. Except op says what the reason is for his question for better suggestion.

NotFuzzyWarm

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Quote from: B-Bit on August 06, 2021, 10:03:48 PM

If I had some bitcoins before I got married, and used bitcoins to buy houses, cars, etc.
When the price of Bitcoin went up, I sold Bitcoin. Is this my money my own? Or is it shared by husband and wife?
When I get divorced, do I split up my bitcoins?

One has to just love how ignorant or at best, naive many folks are...
This is a legal question. Do they honestly think that all countries have the same laws and financial regulations/definitions? Hint: They do not. In the US, what is considered common property in marriage/divorce even varies from state-to-state.

As the OP's questions stands, the only answer that can be given is what other posters have said: It depends on where you live. If you want an accurate answer, at least let us know what country you are asking about... Roll Eyes

syedakhlaque

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This will be according to the rules and regulations in the country where you are living. Is cryptocurrency is legal there or not. If it is cashed through ATM or not. But it is the demand of morality that you should share everything with your life partner after marriage including Bitcoin.
The second is that it is best for you to avoid divorce and try to solve your differences through negotiation. and start a peaceful and happy life.

electronicash

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Quote from: Gozie51 on October 02, 2021, 09:22:53 AM

Quote from: Kiley33 on August 06, 2021, 10:46:43 PM

If you put Bitcoin in a wallet address and declare that it is your private property before marriage, it will still be your asset after the divorce.
If you use Bitcoin to pay for something, then it is a common property.
The best way is to write a prenuptial agreement before marriage, but for your wife, she may suspect that you do not love her.

You have said a very simple response that I think is reasonable.

OP from your post you wrote like you want to know the situation and if you want to get married you can make the agreement so that your husband will know it but it is not nice to begin thinking of splitting your property when you are not married. However when you think you don't trust your partner, you can put a public will about your bitcoin and your both families know it. In the eyes of law it depends on the law in the land about bitcoin.

i actually think OP is already married and wants a divorce. falling out of love too quickly i guess, if you have children is going to be a big problem for him. freedom is hard to get when a person has imprisoned himself.

all i can say is that be honest to her and give her what is rightful. whether you love her or not this time but the law says she has to have something.

Gozie51

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Quote from: Kiley33 on August 06, 2021, 10:46:43 PM

If you put Bitcoin in a wallet address and declare that it is your private property before marriage, it will still be your asset after the divorce.
If you use Bitcoin to pay for something, then it is a common property.
The best way is to write a prenuptial agreement before marriage, but for your wife, she may suspect that you do not love her.

You have said a very simple response that I think is reasonable.

OP from your post you wrote like you want to know the situation and if you want to get married you can make the agreement so that your husband will know it but it is not nice to begin thinking of splitting your property when you are not married. However when you think you don't trust your partner, you can put a public will about your bitcoin and your both families know it. In the eyes of law it depends on the law in the land about bitcoin.

dothebeats

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Most countries will probably treat it as you and your partner's conjugal property once both of you are legally married. Cars, real estate, and other tangible properties will immediately fall under this category, although when it comes to digital assets like bitcoin and crypto, it will most probably be vague and subject to multiple court proceedings until both parties agree upon a settlement that works for both. Personally, I wouldn't divulge to my partner that I do have digital assets. Not being greedy or anything, but it's better that way and to just be safe as well.

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