Topic: Who owns Bitcoin? - page 11. (Read 35998 times)
all the people who have bitcoin is owner bitcoin. Satoshi is founder.
Five or six guys in China who are told what to do by some pointy beards in the US?
who is the legal owner of bitcoin?
me, becauuse i own a part of it, if you also own some of it, then you are also owner.
if you have bitcoin, then yes.
Bitcoin is a corporation, and every bitcoin owner is a shareholder.
bitcoin a corporation? never heard of a decentralized corporation, bitcoin is monetary system and nothing else
Bitcoin is invented by Satoshi Nakamoto but it is common knowledge that his identity is not known.If there arise any dispute related to bitcoin or its ownership,how would it be settled by court of law or in other words who is the legal owner of bitcoin?
You need to read abit more, bitcoin is owned by no one and cant be controlled by anybody apart from those who use it. Even if Satoshi came back tomorrow, he cant control and dosnt own it either.
who is the legal owner of bitcoin?
me, becauuse i own a part of it, if you also own some of it, then you are also owner.
if you have bitcoin, then yes.
Bitcoin is a corporation, and every bitcoin owner is a shareholder.
who is the legal owner of bitcoin?
me, becauuse i own a part of it, if you also own some of it, then you are also owner.
who is the legal owner of bitcoin?
me, becauuse i own a part of it, if you also own some of it, then you are also owner.
Nobody ows the Bitcoin and nobody controls it. Not in a sense of one central body or institution.
Bitcoin doesn't care about laws. All it cares about is ethics.
Though bitcoin could take real damage from some country allowing some company to trademark bitcoin or something similar. They could block the use or charge fees for it. Of course people could still use it but not publicly in that country.
Does it mean anyone can use bitcoin name and its symbol for any commercial and non commercial purpose without the fear on being sued?
Yes. You can use the name (Bitcoin/bitcoin) and symbol (BTC) anyway you wish.
Bitcoin is invented by Satoshi Nakamoto but it is common knowledge that his identity is not known.
If there arise any dispute related to bitcoin or its ownership,
how would it be settled by court of law or in other words who is the legal owner of bitcoin?
If there arise any dispute related to bitcoin or its ownership,
how would it be settled by court of law or in other words who is the legal owner of bitcoin?
As others have said, it is irrelevant that Satoshi Nakamoto created Bitcoin. He is not the owner.
If he patented it or it's systems, then yes, it would actually hold some weight in courts with ownership.
If there arises a concern in court of any ownership of specific coins, the way that bitcoin is designed is that
whoever has control over the private key to that specific address, is the owner of those specific bitcoins.
The court would not be needed to determine who "rightfully owns" the coins,
since you either control them or you do not.
In law, the court is not needed to determine who "rightfully owns" the money in a bank account,
unless it is a joint account shared between two parties (husband & wife).
In the event of a joint account, different determinations are applied to divide funds.
Bitcoin is invented by Satoshi Nakamoto but it is common knowledge that his identity is not known.
If there arise any dispute related to bitcoin or its ownership,
how would it be settled by court of law or in other words who is the legal owner of bitcoin?
If there arise any dispute related to bitcoin or its ownership,
how would it be settled by court of law or in other words who is the legal owner of bitcoin?
As others have said, it is irrelevant that Satoshi Nakamoto created Bitcoin. He is not the owner.
If he patented it or it's systems, then yes, it would actually hold some weight in courts with ownership.
If there arises a concern in court of any ownership of specific coins, the way that bitcoin is designed is that
whoever has control over the private key to that specific address, is the owner of those specific bitcoins.
The court would not be needed to determine who "rightfully owns" the coins,
since you either control them or you do not.
In law, the court is not needed to determine who "rightfully owns" the money in a bank account,
unless it is a joint account shared between two parties (husband & wife).
In the event of a joint account, different determinations are applied to divide funds.
there is no legal owner of bitcoin that's the beauty, bitcoin is not the owner only the creator, which mean nothing in the end
and those 50 coins in the first block are not spendable anyway
and those 50 coins in the first block are not spendable anyway
Bitcoin is invented by Satoshi Nakamoto but it is common knowledge that his identity is not known.If there arise any dispute related to bitcoin or its ownership,how would it be settled by court of law or in other words who is the legal owner of bitcoin?
The legal owner of any bitcoin is the person holding the private key of the address which contains those bitcoins. That's it.
Don't need court or anyone else to decide that.
Bitcoin is invented by Satoshi Nakamoto but it is common knowledge that his identity is not known.If there arise any dispute related to bitcoin or its ownership,how would it be settled by court of law or in other words who is the legal owner of bitcoin?
Hi Wapinter,
Regulators will vary on a per-country basis, but you can expect to see national financial regulators interested in bitcoin and other virtual currencies, potentially along with regional regulators at a sub-country level.
Please view below useful link.
1) https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country
Congressional Research Service
=========================
2)https://www.fas.org/sgp/crs/misc/R43339.pdf
Thank you
CryptoJeweler
Bitcoin doesn't care about laws. All it cares about is ethics.
Bitcoin is invented by Satoshi Nakamoto but it is common knowledge that his identity is not known.If there arise any dispute related to bitcoin or its ownership,how would it be settled by court of law or in other words who is the legal owner of bitcoin?
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