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Author Topic: Are Bitcoin private property  (Read 8170 times)
JRDuran
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May 27, 2018, 05:42:21 PM
 #121

No. Bitcoin will never be a private property but only an asset to many. A private property is something physical that someone's own legally.
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May 27, 2018, 07:28:29 PM
 #122

One of the advantage and also the disadvantage of having a crypto investment is that it is not centralized. You can do whatever you want, send crypto to anyone you want, with fees on some countries, and that people youve transacted for doesnt know anything about you. Decentralized society also means no rules and no appropriate officer to handle any conflicts. Bitcoin and other crypto is a private property. All youve stated is the negligence of the holder.
You are just talking into its positive side when it comes to decentralization and anonymity but we do all know it do have corresponding negative side too. I dont consider Bitcoin as a private property since its not having a physical form.If we do really try to imply or compare on what a private property then it would be entirely different you cant compare bitcoin into house,car, and other physical personal belongings.

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May 28, 2018, 05:52:53 AM
 #123

No. Bitcoin will never be a private property but only an asset to many. A private property is something physical that someone's own legally.
Yeah you're right bitcoin will be an asset to everyone who uses it. bitcoin will not be a private property for someone?
because the bitcoin is decentralized, so there is no owner and control center that bitcoin has.
that means anyone can easily use bitcoins for their investments and assets..

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May 29, 2018, 05:32:45 AM
 #124

It is good question and as per my knowledge bitcoin is a digital currency and it is not centralized like normal currency like dollar etc. It means it is not a private property. If you have bitcoins in your digital voilet then you are owner of these bitcoins and you can use it for purchase or sale, that is your own decision.
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May 31, 2018, 09:40:29 PM
 #125

As long as you own the currency that's your asset. Once that moves away from your hand then yes it's not yours.  So I would suggest you to hold the coins as long as you can as this can be kept it as an asset.  This is what so many have done in this forum and have become so rich.  Though they sell bitcoin when needed,  mostly they just hold back to see the value grow.  As much the value grows,  their asset size increases.

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June 01, 2018, 10:31:28 PM
 #126

Currency is the main source of any asset. Everyone is aware of it and yes, as long as i have either fiats or any crypto currency, yes i am the owner of the currencies and yes that is my asset as long as it remains with me. Curency can be used for an illegal and legal purpose. At times what happens, once the asset goes out of out hand. Currency is for a public use, so just circulate which will bringmore value to the currency you circulate and hold. 

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June 02, 2018, 04:44:29 AM
 #127

Bitcoin has many attributes, some classify it as currency, others see it as an asset whereas others regard it as private property. Anyhow it is considered, it is still Bitcoin and maintains its decentralized mode of operation.
Bitcoin is regarded as private property because owning the private keys to a bitcoin address gives the holder the sole right over the Bitcoin in that particular wallet.

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June 02, 2018, 08:14:56 AM
 #128

No. Bitcoin will never be a private property but only an asset to many. A private property is something physical that someone's own legally.
Bitcoin does not owned by anyone and not owned by one person. bitcoin is an asset whereby many people can use it and invest in it freely without any control and intervention from anyone, that's the function of decentralizing bitcoin. no owner, no control, and free to anyone

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July 04, 2018, 02:18:03 PM
 #129

Yes it is private property of his owner. if i have 5 bitcoine then that's my private property
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July 19, 2018, 08:30:05 AM
 #130

From my point of view Bitcoin is a private property because no one can take your my Bitcoin from me with out my involvement.
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July 20, 2018, 12:11:43 AM
 #131

There are several types of private properties but in among of them bitcoin is supreme in one reason because of ownership of other properties which can take it away from us. For example, Fiat money, land, Gold and any other form of wealth can be taken it away by force from us. But bitcoin is the only private property which cannot be taken it away from us, and it will be with you as long as you have the private key with you and pass it safely to your children.
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August 24, 2018, 01:41:30 PM
 #132

It is generally accepted in all civilized countries that the right of ownership includes three rights: the right of possession, the right to use and the right of disposal. In the case of bitcoin, all three rights will be present, which means that its holder will have ownership of bitcoins. If such a right is infringed by others in the event of theft, robbery, fraud or other unlawful actions, anyone can apply to the local police station and demand that they be investigated as a common crime. It will be a bit difficult to do this before the states legalize crypto currency when there is no clear definition of the status of the crypto currency. After such legalization, no questions about the ownership of the crypto currency should arise in the courts.

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August 24, 2018, 11:38:15 PM
 #133

It is generally accepted in all civilized countries that the right of ownership includes three rights: the right of possession, the right to use and the right of disposal. In the case of bitcoin, all three rights will be present, which means that its holder will have ownership of bitcoins. If such a right is infringed by others in the event of theft, robbery, fraud or other unlawful actions, anyone can apply to the local police station and demand that they be investigated as a common crime. It will be a bit difficult to do this before the states legalize crypto currency when there is no clear definition of the status of the crypto currency. After such legalization, no questions about the ownership of the crypto currency should arise in the courts.
I agree with you that bitcoin is a property that has assets in gital. If someone takes it intentionally or unintentionally by tricking or stealing a wallet (hack), then he is a thief

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August 26, 2018, 12:35:20 PM
 #134

I'm talking about the money kind of bitcoin.

Some situations where the bitcoin status of being a private property or not could arise:

> A mistakenly sends bitcoins to B, and A finds out who B is.
> A mistakenly shows his private keys to B (by just saying it), and A finds out who B is.
> B executes a replay attack on A.
> B, by an practical impossible luck, creates a private key that had founds that belonged to A already.
> B sends money to A (and A sends "something" or some information to B). Then, we don't know why, everyone decides to change their Bitcoin rules and the result is that A can't get to spend his money in the new version.

I started an article (here) trying to defend the idea that bitcoin is not private property, therefore all of the examples above couldn't be classified as theft or robbery (of private property).

What do you think?

I agree that bitcoin can not be property in any way.  Even to hear this is kind of embarrassing.  In my understanding, property is something that you can touch and see.
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October 10, 2018, 12:50:16 PM
 #135

Bitcoin is a private currency, but I think that it can be equated to private property.

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October 11, 2018, 01:59:05 AM
 #136

Bitcoin is a private currency, but I think that it can be equated to private property.
Nope, I know that bitcoin provides confidentiality in your transactions and identities, so your privacy is maintained. but privacy and private are two different things, especially private currency and private property, both things are very different, private use by only you, while bitcoin is used by anyone #imo

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October 11, 2018, 07:31:50 AM
 #137

Yeah bitcoin is a private property but even if so there are hundreds services and tools like https://bestmixer.io/en that providing safe transfer of bitcoins fast and easy! Cause everyone who have even 1 bitcoin knows that its hard to transfer in a random wallet from cryptocurrency exchange.
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October 12, 2018, 03:46:55 PM
 #138

As long a it is earned and circulated its a public currency. The expectation is to have it as a public currency. But when its earned and held back for days, months and years, then it becomes stagnant and a private currency which is not even said as bad as the individual has worked if for. As Bitcoin is trusted on its value's growth, people do keep it as an asset for times to have the value still increase. There is a big relaxation when keeping bitcoin as an asset instead of having other types of assets like properties, houses, money kept in houses and banks and etc.

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