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Author Topic: Who owns Bitcoin?  (Read 35984 times)
cardseller121
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April 10, 2016, 04:25:10 AM
 #41

all the people who have bitcoin is owner bitcoin. Satoshi is founder.
hulla
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April 10, 2016, 03:42:19 PM
 #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?

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Sierra8561
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April 10, 2016, 10:52:30 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?
codehtcmail
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April 20, 2016, 10:55:04 AM
 #44

Satoshi is the founder of Bitcoin, also Satoshi is the smallest amount of bitcoin, 100.000.000 Satoshis=1 Bitcoin.
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April 20, 2016, 11:20:22 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.

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April 20, 2016, 11:24:43 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.

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April 20, 2016, 05:43:02 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
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April 20, 2016, 08:15:13 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.
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April 20, 2016, 09:08:05 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
Wapinter (OP)
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April 20, 2016, 09:56:58 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?

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April 22, 2016, 06:10:27 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.

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April 23, 2016, 08:29:07 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.
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April 24, 2016, 06:27:14 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

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April 24, 2016, 06:14:26 PM
 #54

Bitcoin doesn't care about laws. All it cares about is ethics.

Bitcoin doesn't care about laws nor ethics.
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April 24, 2016, 08:28:26 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.
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April 24, 2016, 08:46:00 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

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April 24, 2016, 10:36:03 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

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April 25, 2016, 04:31:24 AM
 #58

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


LOL talking big about nonsense while saying nonsense stuffs. Oh well, to answer your questions.

Not to be rude or smth, all of your questions can be answered if you just make a quick search on google. But I'll put them here for you with reference.

Who is satoshi?

Satoshi Nakamoto is the founder/creator of bitcoin. The sole reason why are we discussing this thread right now. He made this forum so people can talk about the precious coin he made. People believe he's Japanese, some people believe Satoshi Nakamoto is just the name used by a group of people who made bitcoin.

What is his age right now?

According to Wikipedia, he's 37 years old. Link here just in case people ask for source.

How many bitcoin does he have right now?

Around 1.5M BTC were created in February 2009. It was discussed in this forum a long time ago. Thread here

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April 25, 2016, 02:48:37 PM
 #59

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

Sorry for confusing you, mate  Smiley I mean that it's not a company, corporation etc. and there isn't any one and only person who owns Bitcoins as in other corporations. Bitcoins belongs to everybody who earns bit coin.

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April 26, 2016, 12:17:20 AM
 #60

It would seem as though any and all that hold bitcoins are the owners, share owners, of bitcoins.
The internet started out in much the same way as bitcoins has.
The more people that use it the bigger it grows to...
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