So Bitcoins are information on the P2P network, when I get given Bitcoin's I never actually take position or ownership, I just get given a right to decide how to direct that information. The idea as BTC as property is merely a convenient concept for relating my understanding to the meme of ownership.
exactly.
This is more profound than I thought, how would smart property and contracts and other ideas being developed to function within the Bitcoin system work given that reality?
thanks for the insite,
well. as you indicated above, it comes back to "rights". In bitcoin your right to redeem unspent outputs is enforced by secret keys which are publicly verifiable. I guess smart properties build upon that understanding and allow each party to prove certain claims publicly.