Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 21122.

JorgeStolfi

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Quote from: sAt0sHiFanClub on August 06, 2015, 12:00:22 PM

Tokyo judge says "You cant own a bitcoin...."

http://www.coindesk.com/tokyo-court-bitcoin-not-subject-to-ownership-2/

According to [this reddit comment](https://www.reddit.com/r/Bitcoin/comments/3fztzt/tokyo_court_bitcoin_not_subject_to_ownership/cttk8f8), the ruling was probably mangled by going through two reporters who did not quite understand it, with a Japanese-to-English translation to boot.

That guy's explanation seems to make sense: what the judge probably ruled is that bitcoins are fungible, so that plaintiff cannot claim ownership of certain particular 458 bitcoins that are in the MtGOX estate, or even of 485 generic bitcoins. The plaintiff can only lay a claim to the value of those bitcoins, according to some etablished price. Therefoer the trustee could continue the normal process of gathering all assets and all claims, converting all to JPY, and dividing the former proportionally to the latter

jbreher

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lose: unfind ... loose: untight

Quote from: sAt0sHiFanClub on August 06, 2015, 12:24:41 PM

Quote from: jbreher on August 06, 2015, 12:22:24 PM

Makes no sense. There is always a price whereby motivated buyers can induce an owner to become a seller.

Makes perfect sense in a deflationary context. Would you sell something today that you know will be worth more tomorrow?

At the following week's price, you bet I would.

sAt0sHiFanClub

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Quote from: jbreher on August 06, 2015, 12:22:24 PM

Makes no sense. There is always a price whereby motivated buyers can induce an owner to become a seller.

Makes perfect sense in a deflationary context. Would you sell something today that you know will be worth more tomorrow?

jbreher

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Quote from: sAt0sHiFanClub on August 06, 2015, 12:06:50 PM

If people cant buy bitcoins because they are all owned by folk who want to hoard them, then they will go elsewhere.

Makes no sense. There is always a price whereby motivated buyers can induce an owner to become a seller.

sAt0sHiFanClub

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Quote from: Erdogan on August 06, 2015, 12:10:54 PM

Quote from: sAt0sHiFanClub on August 06, 2015, 12:00:22 PM

Tokyo judge says "You cant own a bitcoin...."

http://www.coindesk.com/tokyo-court-bitcoin-not-subject-to-ownership-2/

Obviously, it is not the last word.

I regard them as tangible. (Remember Tangible Cryptography?)

Yup, it goes back to the old mantra of "If you don't have the private keys, you don't have the bitcoins"

jbreher

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lose: unfind ... loose: untight

Quote from: aztecminer on August 06, 2015, 10:20:31 AM

obviously.. karpeles is a terrorist who must be waterboarded to reveal his secret key to the 550,000 missing bitcoins. they cannot afford to lose 5% of all bitcoins ever be made just cuz one fat turd decided to pull a scheme.

How do we know the 550K BTC even _exist_? Is it not possible that Karp sold them on Gox, pocketing the proceeds, and the buyers merely withdrew them from the exchange? After all, he had full custody of all BTC and all fiat on Gox. Bitcoins illegitimately sold thusly could have remained in each depositor's Gox accounts on paper, as if Gox still had custody of them, while in actuality having been long gone.

eerygarden

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Quote from: sAt0sHiFanClub on August 06, 2015, 12:06:50 PM

Quote from: ?? on ??

I don't think it will happen any time soon either. Just look at the trouble they're having with obviously needed changes, like block size.
No, Bitcoin will likely remain unchanged (and in beta) for the rest of its life Sad

It will happen if bitcoin fails to be a plausible currency due to its inherent 'deflation by ~~design~~ configuration'.

If people cant buy bitcoins because they are all owned by folk who want to hoard them, then they will go elsewhere.

I don't think people will have a problem with selling a fraction of what they bought at inflated prices.

Erdogan

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Quote from: sAt0sHiFanClub on August 06, 2015, 12:00:22 PM

Tokyo judge says "You cant own a bitcoin...."

http://www.coindesk.com/tokyo-court-bitcoin-not-subject-to-ownership-2/

Obviously, it is not the last word.

I regard them as tangible. (Remember Tangible Cryptography?)

sAt0sHiFanClub

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Activity: 546

Merit: 500

Warning: Confrmed Gavinista

Quote from: ?? on ??

I don't think it will happen any time soon either. Just look at the trouble they're having with obviously needed changes, like block size.
No, Bitcoin will likely remain unchanged (and in beta) for the rest of its life Sad

It will happen if bitcoin fails to be a plausible currency due to its inherent 'deflation by ~~design~~ configuration'.

If people cant buy bitcoins because they are all owned by folk who want to hoard them, then they will go elsewhere.

ChartBuddy

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Coin

Explanation

sAt0sHiFanClub

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Activity: 546

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Warning: Confrmed Gavinista

Tokyo judge says "You cant own a bitcoin...."

http://www.coindesk.com/tokyo-court-bitcoin-not-subject-to-ownership-2/

dreamspark

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Quote from: Elwar on August 06, 2015, 11:38:40 AM

Quote from: dreamspark on August 06, 2015, 11:32:29 AM

(though there is alot of talk at the moment about actually raising the total supply and introducing a small amount of inflation but shhhh Wink

)

No there's not. It is a hypothetical that one person who does not like that idea brought up to make sure we approach the block size enhancement in a smart way (or else something stupid like raising the total supply could be pushed through in the same way).

So easy to russle jimmies ehy. As a speculator I am obviously 100% against it but I think a lot of people under estimate exactly how centralized mining and btc in general is gonna be in 10+ years time.

Elwar

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Quote from: ?? on ??

Quote from: dreamspark on August 06, 2015, 11:32:29 AM

(though there is alot of talk at the moment about actually raising the total supply and introducing a small amount of inflation but shhhh Wink

)

Just empty /r/bitcoin talk, ~~might not~~ will neven happen.

ftfy

Elwar

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Viva Ut Vivas

Quote from: dreamspark on August 06, 2015, 11:32:29 AM

(though there is alot of talk at the moment about actually raising the total supply and introducing a small amount of inflation but shhhh Wink

)

No there's not. It is a hypothetical that one person who does not like that idea brought up to make sure we approach the block size enhancement in a smart way (or else something stupid like raising the total supply could be pushed through in the same way).

dreamspark

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Quote from: aztecminer on August 06, 2015, 10:20:31 AM

obviously.. karpeles is a terrorist who must be waterboarded to reveal his secret key to the 550,000 missing bitcoins. they cannot afford to lose 5% of all bitcoins ever be made just cuz one fat turd decided to pull a scheme. does that makes sense ?? karpeles is causing bitcoins to be unable to become the worlds new reserve currency. they can't kill him. he is holding the bitcoins hostage. he didn't dump the coins as planned.

Tbh Im perfectly happy with those coins missing.

I hope in the deepest of my heart that he's lost the private keys or sent them to an old unaccessable address. 20.5 million total supply is fine with me.

(though there is alot of talk at the moment about actually raising the total supply and introducing a small amount of inflation but shhhh Wink

)

ChartBuddy

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Coin

Explanation

noobtrader

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Quote from: dakota neat on August 06, 2015, 10:29:21 AM

mongolian mega farms distributing cheap coins for the next two months. praise 'em.

yes, dumpling of 1000 of coin

andy35

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Quote from: aztecminer on August 06, 2015, 10:20:31 AM

obviously.. karpeles is a terrorist who must be waterboarded to reveal his secret key to the 550,000 missing bitcoins. they cannot afford to lose 5% of all bitcoins ever be made just cuz one fat turd decided to pull a scheme. does that makes sense ?? karpeles is causing bitcoins to be unable to become the worlds new reserve currency. they can't kill him. he is holding the bitcoins hostage. he didn't dump the coins as planned.

I'm sure they could get him to talk if they want to. The Japanese prisons aren't as soft as the western ones. Plus he'll be locked up with members of the Japanese Yakuza mafia. If he doesn't tell the authorities where he hid the Bitcoins the Yakuza will soon get him to talk. He'll have a nightmare if he already dumped them because nobody will believe him.

Fatman3001

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