Post
Topic
Board Beginners & Help
Re: When do I own bitcoins?
by
Foxpup
on 31/10/2013, 02:31:32 UTC
How can "they" prove I (ever) did?
And if proven, how can "they" tell how many I own(ed)?
And after "they" proved I owned x amount, how are "they" going to tax me?
The same way "they" prove and tax cash transactions.

If I know a key to a wallet, do I own the bitcoins in it?
Possession is nine-tenths of the law, so yes. Unless someone else accuses you of stealing the key, if you know it then you legally own the bitcoins.

Are the numbers I am manipulating with this key, really mine? To tax? Tax what?
Yes. To tax the money, of course, because that's what those numbers are, as sure as the numbers in your bank account are money.