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Topic: Who owns Bitcoin? - page 9. (Read 35998 times)

sr. member
Activity: 420
Merit: 250
April 24, 2016, 05:36:03 PM
#57
all the people who have bitcoin is owner bitcoin. Satoshi is founder.

What are you trying to say?   All the people who have bitcoin is called for me "Bitcoin User" why ? Because all who have bitcoin they always use it, spend it . Satoshi is the creator of bitcoin for me this thread is non sense. This is the Question that have sense, who is satoshi? What his age right now? How many bitcoin that he have right now? Thats the best thread about life of Satoshi
legendary
Activity: 2688
Merit: 1026
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April 24, 2016, 03:46:00 PM
#56
Bitcoin doesn't care about laws. All it cares about is ethics.

Bitcoin doesn't care about laws nor ethics.
But nothing is above law.Either we obey law or else face the consequences.Nobody can say that bitcoin doesn't care about law so even it is illegal in my country, I will continue using it
full member
Activity: 252
Merit: 100
April 24, 2016, 03:28:26 PM
#55
Should a court issue arise over btc, the person who defaulted will be charged to court, not Satoshi or any btc owner. They did not break the law by creating btc.
hero member
Activity: 926
Merit: 1001
weaving spiders come not here
April 24, 2016, 01:14:26 PM
#54
Bitcoin doesn't care about laws. All it cares about is ethics.

Bitcoin doesn't care about laws nor ethics.
hero member
Activity: 826
Merit: 502
April 24, 2016, 01:27:14 AM
#53
Nobody is an owner of Bitcoin, nobody controls it and also it's not a corporation, company, etc. It's just an innovative monetary sistem in which anybody who earns bit coin is a part of the system and owner of Bitcoin.


You said "Nobody is an owner of bitcoin" at the start and at the end you said "who earns bitcoin is a part of the system and owner of Bitcoin". I don't get it and I'm confused. You might wanna rephrase this, mate. Cheesy


This is like asking who owns the dollar currency. If you've got a dollar in your pocket, who owns it? The government? No. The one who manufactured it? No. The only owner of your money is yourself. No matter who's idea it is, no matter who manufactured it, it's all yours.

We are the owner of our bitcoin. Satoshi is just the founder of bitcoin not the owner of it.
Thats not true.The dollar bill in your pocket is not owned by you it is owned by federal government and you only have the right to use it


Does that mean all of us doesn't own money? Roll Eyes Does that mean that, me and the entire population except for the government is no owner of any fiat money? If you accidentally dropped a dollar and someone else pick it up, don't you say "That's mine."?

Please elaborate more your answer 'coz I found this interesting. Cheesy
legendary
Activity: 1382
Merit: 1123
April 23, 2016, 03:29:07 PM
#52
It seems to totally depend on where you live. Some countries pretend it doesn't exist and there aren't any set laws to who owns the Bitcoin. Other countries consider Bitcoin an asset that can gain/lose value over time.

The whole idea with Bitcoin is that no one can control it though. In order for some to seize your coins if they 'aren't legally yours' would be to get your private keys. They can't just walk into the bank, show some legal documents an have everything sent over to them.
member
Activity: 90
Merit: 10
April 22, 2016, 01:10:27 PM
#51
Nobody is an owner of Bitcoin, nobody controls it and also it's not a corporation, company, etc. It's just an innovative monetary sistem in which anybody who earns bit coin is a part of the system and owner of Bitcoin.
legendary
Activity: 2688
Merit: 1026
Hire me for Bounty Management
April 20, 2016, 04:56:58 PM
#50
I think the OP is confused when it is said "who owns bitcoin".
He thinks that Satoshi Nakamoto owns most of bitcoin but this is not known. He is the inventor but since he wanted bitcoin to be a free digital currency from any laws that is not the case of being the owner of bitcoin.
It is distributed among all not to just one individual.
I meant to ask who has the legal rights on bitcoin name and its technology.I understand that the amount of bitcoin one possess is owned by him but what if Satoshi move the court of law and demand all bitcoins be return to him because he invented it.What would the court rule?
legendary
Activity: 854
Merit: 1000
April 20, 2016, 04:08:05 PM
#49
This is like asking who owns the dollar currency. If you've got a dollar in your pocket, who owns it? The government? No. The one who manufactured it? No. The only owner of your money is yourself. No matter who's idea it is, no matter who manufactured it, it's all yours.

We are the owner of our bitcoin. Satoshi is just the founder of bitcoin not the owner of it.
Thats not true.The dollar bill in your pocket is not owned by you it is owned by federal government and you only have the right to use it
hero member
Activity: 1008
Merit: 1012
April 20, 2016, 03:15:13 PM
#48
I think the OP is confused when it is said "who owns bitcoin".
He thinks that Satoshi Nakamoto owns most of bitcoin but this is not known. He is the inventor but since he wanted bitcoin to be a free digital currency from any laws that is not the case of being the owner of bitcoin.
It is distributed among all not to just one individual.
newbie
Activity: 7
Merit: 0
April 20, 2016, 12:43:02 PM
#47
Anyone who earns bit coin can become the owner of bit coin. Everyone have the equal chance to become the owner of bit coin
hero member
Activity: 826
Merit: 502
April 20, 2016, 06:24:43 AM
#46
This is like asking who owns the dollar currency. If you've got a dollar in your pocket, who owns it? The government? No. The one who manufactured it? No. The only owner of your money is yourself. No matter who's idea it is, no matter who manufactured it, it's all yours.

We are the owner of our bitcoin. Satoshi is just the founder of bitcoin not the owner of it.
sr. member
Activity: 518
Merit: 254
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April 20, 2016, 06:20:22 AM
#45
Satoshi is the founder of Bitcoin, also Satoshi is the smallest amount of bitcoin, 100.000.000 Satoshis=1 Bitcoin.

Yep, the founder. But not at all the owner. Cause that's the idea here, for it to be promoted as an actual currency means. Noone really earns any currency for himself.
sr. member
Activity: 1192
Merit: 260
Tryig to survive in this harsh world
April 20, 2016, 05:55:04 AM
#44
Satoshi is the founder of Bitcoin, also Satoshi is the smallest amount of bitcoin, 100.000.000 Satoshis=1 Bitcoin.
sr. member
Activity: 546
Merit: 253
April 10, 2016, 05:52:30 PM
#43
Everyone owns bitcoin as long as you have an address with 1 satoshi in it holding the private you owned it.
Satoshi Nakamoto left 2010 but he dont own bitcoin just the concept.

What is a Satoshi?
hero member
Activity: 1834
Merit: 566
April 10, 2016, 10:42:19 AM
#42
Everyone owns bitcoin as long as you have an address with 1 satoshi in it holding the private you owned it.
Satoshi Nakamoto left 2010 but he dont own bitcoin just the concept.

Wait. I don't get what you're trying to say when you Satoshi Nakamoto left. Does that mean he just created bitcoin but not interested in having a coin or something?
member
Activity: 80
Merit: 10
April 09, 2016, 11:25:10 PM
#41
all the people who have bitcoin is owner bitcoin. Satoshi is founder.
sr. member
Activity: 896
Merit: 303
April 07, 2016, 09:48:14 PM
#40
All bitcoin users own it. Wink
sr. member
Activity: 350
Merit: 250
April 06, 2016, 11:34:44 PM
#39
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?

I think a dispute can arise only between btc wallet owners and not the owner of btc. If it involves a software development mishap, then the developer will be taken to court, not Satoshi.
legendary
Activity: 854
Merit: 1000
April 06, 2016, 06:43:54 PM
#38
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?
It is free for use for everyone. Bitcoin tech in this case - blockchain was never patented and it is completely open source project. Therefore is not own by anyone or anything.

Is Bitcoin is not a registered name? what about the bitcoin symbol? is it a registered trademark?
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