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groll (OP)
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November 08, 2016, 12:56:08 AM |
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Could there be a law on stolen bitcoins? What if there would be a law punishing those who steal bitcoins and those people behind scam sites? And if so, is it necessary to have such law? I'm just wondering, if there would be such law about stolen bitcoins, it could be a big relief to us bitcoin users. But then, there are so many questions and issues that goes with this ideal that makes me skeptical about it.   |
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xhomerx10
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November 08, 2016, 01:07:20 AM |
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groll (OP)
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November 08, 2016, 01:21:36 AM |
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I'm just talking about bitcoins here. A Law On Bitcoins Stealing. Not on theft as general term. By the way, i'm from earth  |
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john2231
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November 08, 2016, 01:28:05 AM |
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It is illegal but even we have the law stolent bitcoins it is impossible to trace those thieves since bitcoin is anonymous and you can use bitcoin mixer to be anonymous your transaction and done you are far to caught by NBI or police..
And there is a law even in bitcoin there should be a laws and punishment for those thief's
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Mr. Big
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November 08, 2016, 01:46:23 AM |
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If stealing bitcoin become a crime, it would fall on "theft" and there is a law against it, but since bitcoin is not recognized by the government as a money and its property, therefore they won't care about it... It could just be reported as a cyber crime, and piled on the desktop and sometimes not seriously being act upon by authorities... I think this article could atleast give you an idea about what I am saying; http://gizmodo.com/as-punishment-for-stealing-bitcoin-man-must-teach-poli-1784285875 , just look for the judge's statement about bitcoin...  |
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AgentofCoin
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November 08, 2016, 01:47:45 AM |
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Could there be a law on stolen bitcoins? What if there would be a law punishing those who steal bitcoins and those people behind scam sites? And if so, is it necessary to have such law? I'm just wondering, if there would be such law about stolen bitcoins, it could be a big relief to us bitcoin users. But then, there are so many questions and issues that goes with this ideal that makes me skeptical about it. No, there can be no law(s) on stolen bitcoins. There are too many factors that need to be taken into account that the average legal system can not determine. For example, there needs to be a mechanism to prove you still don't have the "stolen" coins. |
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shinratensei_
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November 08, 2016, 01:51:15 AM |
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I'm just talking about bitcoins here. A Law On Bitcoins Stealing. Not on theft as general term. By the way, i'm from earth That's so far from the real implementation. From your statement, it's mean it's get regulated by the government. I just concerning with what would have happened in reality. You can try for sending you statement totally for your government. Even the Bitcoin are not get official legalisation by the government and forget it. |
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clickerz
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November 08, 2016, 01:53:04 AM |
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If stealing bitcoin become a crime, it would fall on "theft" and there is a law against it, but since bitcoin is not recognized by the government as a money and its property, therefore they won't care about it... It could just be reported as a cyber crime, and piled on the desktop and sometimes not seriously being act upon by authorities... I think this article could atleast give you an idea about what I am saying; http://gizmodo.com/as-punishment-for-stealing-bitcoin-man-must-teach-poli-1784285875 , just look for the judge's statement about bitcoin... I think you have a good point here sir. There is no need for legislation it to become a law. Also, as you pointed it is also falls under cybercrime and other digital or electronic fraud. But maybe there are clarifications on theses on the boundaries in between. |
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AgentofCoin
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November 08, 2016, 01:56:13 AM |
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If stealing bitcoin become a crime, it would fall on "theft" and there is a law against it, but since bitcoin is not recognized by the government as a money and its property, therefore they won't care about it... It could just be reported as a cyber crime, and piled on the desktop and sometimes not seriously being act upon by authorities... I think this article could atleast give you an idea about what I am saying; http://gizmodo.com/as-punishment-for-stealing-bitcoin-man-must-teach-poli-1784285875 , just look for the judge's statement about bitcoin... ...There is no need for legislation it to become a law. Also, as you pointed it is also falls under cybercrime and other digital or electronic fraud. ... Laws come from legislation. For there to be a law that defines bitcoin and what constitutes it's theft, there needs to be clarification and legislation. For bitcoin to fall into either cybercrime or digital/electronic fraud, there will need to be additions to those laws. |
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jossiel
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November 08, 2016, 02:00:24 AM |
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I'm just talking about bitcoins here. A Law On Bitcoins Stealing. Not on theft as general term. By the way, i'm from earth I don't think so that there is already a law for each country that is covering the case of stealing of bitcoins. Even though stealing is illegal and crime. But still there is no law for it and I think that will be long time before a law will be pass and consider that they will honor bitcoin. And as of now, it is really sad that if you will be a victim of stealers, you can't do something about it. |
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AgentofCoin
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November 08, 2016, 02:04:10 AM |
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I'm just talking about bitcoins here. A Law On Bitcoins Stealing. Not on theft as general term. By the way, i'm from earth ... And as of now, it is really sad that if you will be a victim of stealers, you can't do something about it. What is really sad is that Bitcoin was designed so that there is nothing you can do and you don't know that. That was the whole point and the reason why Bitcoin works and is not currently regulated. If you could get your coins back or "do something about it" then there is no point in using bitcoin. If you want the ability to do something if theft or accident, why aren't you using paypal? |
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holydarkness
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November 08, 2016, 02:25:20 AM |
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Wait..... can it be stolen? I mean, except if someone was giving his private authentication like password and identifier (might as well the 2fa) (which leads to a conclusion that he gave permission to the thief to get in) I read somewhere that it is near impossible to crack the security mechanism of trusted wallet. Like we need to be immortal first or something like that.
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AgentofCoin
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November 08, 2016, 02:35:57 AM
Last edit: November 08, 2016, 02:49:32 AM by AgentofCoin |
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Well, stealing is a crime itself, so yes. I don't see why it would be allowed. It's stealing lol.
Stealing requires ownership, Bitcoin network grants no legal ownership rights.
He didn't get in trouble for "stealing bitcoins", that is a BS headline for lay people. He broke many crimes unrelated to bitcoin and violated certain regulations required as a federal agent. Carl Force, a former U.S. Drug Enforcement Administration agent, admitted to charges of extortion, money laundering and obstruction of justice. He was not charged with "theft of property" aka stolen bitcoins, because there is no such law. Almost all things are regulated under law, whether you are aware of it or not. Currently, bitcoin is not regulated and as such, there are no laws that determine a users rights. |
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Mr. Big
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November 08, 2016, 02:53:27 AM |
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I think his case is not just stealing bitcoin, it says there that "extortion, money laundering and obstruction of justice" - It's not clear to me which one gets him a 87 months in jail...I am not yet around to bitcoin when it happened I think, I am not sure if he stole the "evidence" after seizing the silkroad and investigating it or the bitcoin in silkroad when it was still operating... |
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Hazir
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November 08, 2016, 02:54:05 AM |
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Well, stealing is a crime itself, so yes. I don't see why it would be allowed. It's stealing lol.
Stealing requires ownership, Bitcoin network grants no legal ownership rights. It seems that it is high time to update our law. Because if stealing bitcoins can't be considered crime according to standard penal code then I find it totally unfair. At first internet piracy wasn't crime either - you haven't been stealing anything - making a copy is not crime - and then we got copyright infringement laws... We need something like that with cryptocurrency ASAP. |
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Yakamoto
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November 08, 2016, 02:57:00 AM |
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Could there be a law on stolen bitcoins? What if there would be a law punishing those who steal bitcoins and those people behind scam sites? And if so, is it necessary to have such law? I'm just wondering, if there would be such law about stolen bitcoins, it could be a big relief to us bitcoin users. But then, there are so many questions and issues that goes with this ideal that makes me skeptical about it. Couldn't really be used to do anything though, unless you are able to track down someone who owns a wallet though some way there isn't any real way for anyone to directly track and figure out who someone is. Laws can exist to say that people can't steal Bitcoin, but in reality nothing would really change and things would stay the same. |
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AgentofCoin
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November 08, 2016, 03:05:40 AM |
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Well, stealing is a crime itself, so yes. I don't see why it would be allowed. It's stealing lol.
Stealing requires ownership, Bitcoin network grants no legal ownership rights. It seems that it is high time to update our law. Because if stealing bitcoins can't be considered crime according to standard penal code then I find it totally unfair. At first internet piracy wasn't crime either - you haven't been stealing anything - making a copy is not crime - and then we got copyright infringement laws... We need something like that with cryptocurrency ASAP. First of all, you can take someone to Court for stealing your coins and each judge will give a different opinion. Some will find it theft, others will not. It all depends on what Judge you get, since there is no uniform law. Second, you don't understand what "updating our law" would do. Bitcoin was designed as a system to exist outside the control of governments and laws. That is the reasons why Satoshi designed the network the way he did. It wasn't just for shits. The system does not grant the users, miners, or developers any rights and it is use at your own risk. So, for governments to create laws about bitcoin and what it is and how it works and when theft and ownership exists, they will need to have regulative ability and direct control within and over the network. That is a direct violation of the Bitcoin network, Satoshi's intent, and the social contract. That would make each developer legally responsible and liable to thefts, failures, bug and etc. That would also make users obligated to register each address to their personal governmental ID. Miners and node operator will also need to register with governmental agencies. And so on and so forth. If you want the governments to directly determine theft and such, you are advocating Bitcoins destruction. If you want laws for bitcoin or that "help" bitcoin, be careful what you wish for, because it is poison. |
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Juggy777
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November 08, 2016, 03:18:17 AM |
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How would there be a law? Bitcoin are not regocnized by countries. The only law you could apply is cyber crime. You could say your information was stolen and could add btc to the list. Otherwise no law for btc
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blockman
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November 08, 2016, 03:27:49 AM |
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How would there be a law? Bitcoin are not regocnized by countries. The only law you could apply is cyber crime. You could say your information was stolen and could add btc to the list. Otherwise no law for btc
That is the saddest thing about bitcoin and the countries are even thinking that it is an illegal way of transacting underground. Not knowing that this is a very good way to support our financial needs, so don't hope if your bitcoins are stolen. You will just cry and can't do something about it. Just like what happened to bitfinex, but they are different case. |
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