W3C home > Mailing lists > Public > public-credentials@w3.org > November 2017

Re: Proof of Bitcoin address ownership

From: Timothy Holborn <timothy.holborn@gmail.com>
Date: Thu, 02 Nov 2017 13:53:35 +0000
Message-ID: <CAM1Sok1vk0ep-j6i+qC3R5UMaeEwb-gnpqFe80KJ2eHQ62VEZg@mail.gmail.com>
To: Rick Dudley <a.frederick.dudley@gmail.com>
Cc: W3C Credentials Community Group <public-credentials@w3.org>
On Fri, 3 Nov 2017 at 00:31 Rick Dudley <a.frederick.dudley@gmail.com>
wrote:

>
>
> On Nov 2, 2017 08:24, "Timothy Holborn" <timothy.holborn@gmail.com> wrote:
>
> so, bitcoins can't really be stolen as they're not really 'owned'?
>
> any further thoughts on the implications?
>
> 1. I'm not a lawyer, this isn't legal advice.
>
understand

> 2. Although the law governs everywhere, blockchains generally don't know
> about it. So, theft happens at a different layer that has "ownership" and
> "identity" two things bitcoin does not have.
> 3. Bitcoin address blacklists are managed by individuals, not the
> blockchain. Legal exchanges cooperate with authorities to reclaim stolen
> coins, but miners/validators in the protocol do nothing.
>

so if you want 'ownership' then its best to be with an exchange / 'service
provider'?


>
> On Fri, 3 Nov 2017 at 00:16 Rick Dudley <a.frederick.dudley@gmail.com>
> wrote:
>
>> The short answer is given your implicit definition not ownership (which
>> seems close to the legal one) procession of a private key does not qualify
>> as ownership of anything. The blockchain community generally disagrees with
>> the law on this subject out necessity and a fondness for a particular type
>> of crypto-anarchism. I try to avoid talking about ownership because of its
>> legal implications and instead talk about control.
>>
>> -Rick
>>
>> On Nov 2, 2017 05:18, "Timothy Holborn" <timothy.holborn@gmail.com>
>> wrote:
>>
>> Question.
>>
>> Say two actors have a private key to a bunch of Bitcoin. One removes the
>> Bitcoin, the other claims it was their Bitcoin.
>>
>> Given a Bitcoin address is effectively data, how does anyone own it?
>>
>> are there some sort of data laws that provides the means to "own" the
>> private key? Or the address?
>>
>> I'm fairly sure people don't own their biometric signatures, so how could
>> they own a Bitcoin if they couldn't own their address?
>>
>>
>>
>
Received on Thursday, 2 November 2017 13:54:09 UTC

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