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Alanay (OP)
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July 16, 2016, 10:32:05 PM |
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Let's say I generate a new address and by some miracle it has Bitcoin already in it belonging to somebody else. Is it legal to just take it? I understand those odds are very low, no need to lecture me, I'm just interested.
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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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Adriandmen
Sr. Member
 Offline
Activity: 292
Merit: 251
Telegram: @Adriandmen
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July 16, 2016, 10:36:52 PM |
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Yeah, it's stealing, but it isn't something to worry about in real life.
The chance of that happening is 1 in 2160. It would take forever to actually stumble on an address with bitcoins in it.
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ImHacked
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July 16, 2016, 10:38:30 PM |
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Any stealing act for anything to anyone is still illegal wether it is online pr not.All stealing avt is considered a crime as long as you dont have permissions of the real owner
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CjMapope
Legendary
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Activity: 1820
Merit: 1092
~Full-Time Minter since 2016~
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July 16, 2016, 10:38:46 PM |
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Let's say I generate a new address and by some miracle it has Bitcoin already in it belonging to somebody else. Is it legal to just take it? I understand those odds are very low, no need to lecture me, I'm just interested.
BTC is considered a form of property for most countries. so YES it's illegal to steal it, But specifically your example is a poor one. it would Be ILLEGAL to take BTC in an addy, But it's a statistical impossibility really. it would Be IMMORAL for sure to take anothers BTC tho too haha, as it got to the address somehow originally By someone  |
~Got this girl in my bed, a roof over my head, i mint a couple coins a week, and thats how i make bread~ ~On the 12th day of Hatzvah, OGminer said to me: "compute root of the merkle hash tree!"~ Prohashing -- Simply the best Multipool! |
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Alanay (OP)
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July 16, 2016, 10:41:44 PM |
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Any stealing act for anything to anyone is still illegal wether it is online pr not.All stealing avt is considered a crime as long as you dont have permissions of the real owner
The real owner? Who decides that if it's possible for me to generate the same address? Just because I generated it after shouldn't mean it's illegal. It's not like exploiting an online wallet to steal private keys and drain the accounts. I feel like you guys are just guessing to be honest, I want to know if it's legal or illegal to take bitcoins out of an address you just generated.  |
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achow101
Staff
Legendary
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Activity: 3388
Merit: 6578
Just writing some code
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July 16, 2016, 10:49:00 PM |
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Any stealing act for anything to anyone is still illegal wether it is online pr not.All stealing avt is considered a crime as long as you dont have permissions of the real owner
The real owner? Who decides that if it's possible for me to generate the same address? Just because I generated it after shouldn't mean it's illegal. It's not like exploiting an online wallet to steal private keys and drain the accounts. I feel like you guys are just guessing to be honest, I want to know if it's legal or illegal to take bitcoins out of an address you just generated. It is neither legal nor illegal; there are no laws governing this. Furthermore, if there were laws regarding Bitcoin, it would vary from country to country even though Bitcoin is an neutral international currency. Taking Bitcoin from an address that you generated that already had Bitcoin would be considered immoral and would be highly frowned upon by the Bitcoin community. |
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CjMapope
Legendary
Offline
Activity: 1820
Merit: 1092
~Full-Time Minter since 2016~
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July 16, 2016, 10:49:11 PM |
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Any stealing act for anything to anyone is still illegal wether it is online pr not.All stealing avt is considered a crime as long as you dont have permissions of the real owner
The real owner? Who decides that if it's possible for me to generate the same address? Just because I generated it after shouldn't mean it's illegal. It's not like exploiting an online wallet to steal private keys and drain the accounts. I feel like you guys are just guessing to be honest, I want to know if it's legal or illegal to take bitcoins out of an address you just generated. well it's impossiBle to answer something thats never Been done By anyone EVER ;P Not much to Base an answer on ;p for me, its property, you cant steal another person property IF you generate an addy and it HAS BTC on it? SOMEONE PUT IT THERE AND ITS THEIR PROPERTY |
~Got this girl in my bed, a roof over my head, i mint a couple coins a week, and thats how i make bread~ ~On the 12th day of Hatzvah, OGminer said to me: "compute root of the merkle hash tree!"~ Prohashing -- Simply the best Multipool! |
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European Central Bank
Legendary
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Activity: 1288
Merit: 1087
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July 16, 2016, 10:51:30 PM |
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that's an interesting precedent, not that it could ever happen. I guess you could argue that it's a flaw in the protocol and you were dumb and thought addresses came with coins ready to spend.
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ebookscreator
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July 16, 2016, 10:54:03 PM |
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Its illegal to still bitcoin and its a bad thing that you doing and you may receive a bad karma in the future if you do that..
Better to look for a legit way if you want to earn bitcoins many ways to earn bitcoin.
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2legit2
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July 16, 2016, 11:07:59 PM |
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Any stealing act for anything to anyone is still illegal wether it is online pr not.All stealing avt is considered a crime as long as you dont have permissions of the real owner
thats true, of course it is illegal to steal bitcoins and can attract the attention of the government so you might have trouble with law, i would definitely not do that i think |
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Posum578
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July 16, 2016, 11:33:46 PM |
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Let's say I generate a new address and by some miracle it has Bitcoin already in it belonging to somebody else. Is it legal to just take it? I understand those odds are very low, no need to lecture me, I'm just interested.
Anything about stealing is illegal, every country count stealing other people is illegal Also there is no odds for get bitcoin by creating new address cause it imposible get bitcoin by doing that |
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The Sceptical Chymist
Legendary
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Activity: 3332
Merit: 6826
Cashback 15%
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July 16, 2016, 11:40:31 PM |
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Yes, morally and legally it's stealing. But as mentioned, for practical purposes, the universe will have collapsed in on itself and big banged its way into existence over and over again a zillion times before it happens. But hey, good luck to you. Let us know how it turns out.
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sulendra12
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July 17, 2016, 12:09:14 AM |
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Yes , stealing is illegal . It's doesn't matter what you want to steal.
As you stealing from other people , this illegal on most countries.But it's hard to track if someone steal the bitcoin amount.
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mastica
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July 17, 2016, 12:11:16 AM |
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For sure steal something is ilegal anywhere, because we are talking about bitcoin wouldnt be ilegal, just because bitcoin isnt yet accepts, but it has value as well even with countries not accepting it yet.
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Gilligans
Member
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Activity: 70
Merit: 10
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July 17, 2016, 12:13:08 AM |
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By moral, it is of course illegal but there aren't any written laws yet that prohibits us from doing so, I think.
However, the chances of that happening is nigh-impossible so we don't actually have to worry about that happening.
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Arcteryx
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July 17, 2016, 12:21:57 AM |
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I would hope so  After all bitcoin is equal to money. Cause what if someone who ran a ponzi scheme and took in 250 BTC from people. Would that not be seen as a crime? That is theft I would say for sure and maybe even a conviction of fraud directed towards the investors of that scheme. |
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Yakamoto
Legendary
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Activity: 1218
Merit: 1007
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July 17, 2016, 12:32:32 AM |
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If you managed to get the same private key as someone else that did have some Bitcoin in it, you would be able to steal it and not break any laws, but if it is a big enough amount you might have to worry about more than someone just being mad on the other side of a screen. Some people would have a lot of other assets that they could use to go after you in real life, so just keep that in mind.
But due to the relative unregulation of Bitcoin, stealing Bitcoin is not illegal in a definitive and specific sense.
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cpfreeplz
Legendary
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Activity: 966
Merit: 1042
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July 17, 2016, 12:37:11 AM |
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It could never happen in your entire lifetime so don't worry about it. Now if you intentionally stole some bitcoins by hacking someone's computer or stealing a phone then yes it's illegal.
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emberbekas
Legendary
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Activity: 1904
Merit: 1000
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July 17, 2016, 01:17:17 AM |
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steal , no matter what stuff you stole is illegal . Make others lose because of your actions is not recommended . Similarly with bitcoin . Stealing bitcoin from others is of course illegal. So, dont do it!
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Hirose UK
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July 17, 2016, 01:24:55 AM |
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Any stealing act for anything to anyone is still illegal wether it is online pr not.All stealing avt is considered a crime as long as you dont have permissions of the real owner
yeah I agree. we're not allowed to take something without the owner's permission. just imagine if other people steal something from you. it should be bad for you. so if I were you, I wouldn't steal anything. |
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