Quote from: StoreBit on September 19, 2016, 09:41:55 PM

Quote from: PacePay on September 19, 2016, 07:36:57 PM

Quote from: Xester on September 19, 2016, 06:41:38 AM

Quote from: Maesters1- on September 19, 2016, 03:04:14 AM

Quote from: PsursV on September 18, 2016, 06:42:26 AM

Quote from: groll on September 17, 2016, 08:15:04 AM

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.

here in our country when you are buying a piece of land and when going to register it on your name there you can see these world that, "First this land is the property of Allah and then the Government of XYZ and after that you are the owner of that that" so it mean that if our government need that land they can take it from me, but i think in case of bitcoin no one have the right to take your bitcoin from you. therefore i can say that bitcoin is a private property.

It is true that everything on the earth belong to God and have right on all the universe. But it is injustice that your government also claim an ownership on your land. If you spend your money to buy that then your government do not have any right to take it.