Post
Topic
Board Beginners & Help
Re: Exchange accidentally sent 512 bitcoins after coding error
by
sliderider
on 02/09/2011, 17:47:11 UTC
By the logic I'm reading here, if I put a new fountain in my front yard, and someone steals it, it was their right, because when you start putting fountains in places without locking them down, it becomes other people's right to steal them if they can.  And that if someone steals my fountain, title to the fountain transfers rightfully to the thief because the nature of fountains is that possession is nine tenths of the law and that transferring fountains (just like cash) is irreversible.

Wrong, because you don't agree that transferring fountains is irreversible when you build yours. When you sign up for bitcoin you DO agree that transactions are irreversible so you have no legal leg to stand on if you make an erroneous spend.