Post
Topic
Board Legal
Re: Are Bitcoin private property
by
PacePay
on 19/09/2016, 19:36:57 UTC
It is not a private property since we are able to hold, sell, buy, earn, and invest them.  If it is a private property then it was regulated by a company or some people and the supply or the bitcoin would be really low.  And its price is truly so high because it was being regulated by a company.  They got hold of the price of it.  Its price is stable.  Maybe if it was a private property only some people have the capacity to have a bitcoin.
but to me bitcoin is a private property, because every one has the right to hold it for how long time he wan to. there is no time frame for holding bitcoin, and the second is that ever one has the right to use bitcoin according to their own choice.
yes i am agree with you, it is a  fact that bitcoin is a private property because the government has no concern with it  and it is not under the influence of any start or government, actually it is the property of those people who are owning it, if i have 10 bitcoins then the 10 bitcoins are my property, so every one is the owner of the peroperty who is own it.

Still confuse on private property thing.  But yes, you do have a point.  It is not government owned so it was a private property just like companies who were not owned by the government.  Since we have some of bitcoins then we are the owners and it become a private property because government do not have any cut on it like having a tax on it. 

None of the government own it so we call it as our private property but in a capitalist system of society the fiat is also considered as our private property and the land we own is also considered as our private property because we do hard work for it to earn that and make that for our self.