Matt Whitlock [ARCHIVE] on Nostr: 📅 Original date posted:2015-01-20 📝 Original message:On Tuesday, 20 January ...
📅 Original date posted:2015-01-20
📝 Original message:On Tuesday, 20 January 2015, at 6:44 pm, Tamas Blummer wrote:
> Knowing the private key and owning the linked coins is not necessarily the same in front of a court.
>
> At least in german law there is a difference between ‘Eigentum' means ownership and ‘Besitz’ means ability to deal with it.
> Being able to deal with an asset does not make you the owner.
So what we're telling the newbies in /r/bitcoin is plain wrong. Bitcoins *do* have an owner independent from the parties who have access to the private keys that control their disposition. That's pretty difficult to reconcile from a technological perspective.
📝 Original message:On Tuesday, 20 January 2015, at 6:44 pm, Tamas Blummer wrote:
> Knowing the private key and owning the linked coins is not necessarily the same in front of a court.
>
> At least in german law there is a difference between ‘Eigentum' means ownership and ‘Besitz’ means ability to deal with it.
> Being able to deal with an asset does not make you the owner.
So what we're telling the newbies in /r/bitcoin is plain wrong. Bitcoins *do* have an owner independent from the parties who have access to the private keys that control their disposition. That's pretty difficult to reconcile from a technological perspective.