Gracjan Pietras on Nostr: It's a valid point, thanks. Lawyers are trained to differentiate between ownership ...
It's a valid point, thanks.
Lawyers are trained to differentiate between ownership and possession. The former is a legal (abstract) concept, while the latter is a matter of facts in the real world. Possession can be lawful (when the possessor is also the owner) or unlawful (when a the possessor is a thief). Generally, applying this concept to bitcoin should be easy.
Once again, proving that you are the "legal owner" of a UTXO is primarily a procedural issue. In principle, it's not fundamentally different from proving ownership of a physical item, although it presents different practical challenges.
Lawyers are trained to differentiate between ownership and possession. The former is a legal (abstract) concept, while the latter is a matter of facts in the real world. Possession can be lawful (when the possessor is also the owner) or unlawful (when a the possessor is a thief). Generally, applying this concept to bitcoin should be easy.
Once again, proving that you are the "legal owner" of a UTXO is primarily a procedural issue. In principle, it's not fundamentally different from proving ownership of a physical item, although it presents different practical challenges.