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Title: Legal nature of bitcoin "ownership" Post by: davidgdg on March 03, 2014, 01:38:12 PM I have found myself debating the issue here: https://bitcointalk.org/index.php?topic=491181.msg5481888#msg5481888 (https://bitcointalk.org/index.php?topic=491181.msg5481888#msg5481888)
Has it been addressed elsewhere? Any lawyers wish to comment? Title: Re: Legal nature of bitcoin "ownership" Post by: runam0k on March 03, 2014, 04:09:12 PM I doubt this has been tested anywhere but your response was thorough and I am inclined to agree. A purchaser acting in good faith need not worry.
Title: Re: Legal nature of bitcoin "ownership" Post by: runam0k on March 11, 2014, 10:19:40 AM An interesting article about the possible impact of Article 9 of the Uniform Commercial Code here:
http://www.creditslips.org/creditslips/2014/03/is-ucc-article-9-the-achilles-heel-of-bitcoin.html The jist being bitcions don't fall within the definition of “money” - a “medium of exchange currently authorized or adopted by a domestic or foreign government” (UCC § 1-201(b)(24)) - and that someone might have an Article 9 security interest in your bitcions. An absurd result, but something that probably hasn't been considered yet. |