Post
Topic
Board Bitcoin Discussion
Re: Ownership vs Possession of bitcoins
by
defxor
on 04/09/2011, 00:23:27 UTC
because those bitcoin must be digitally signed to you for you to have possession. Bitcoin possession = ownership

Type of signature is, of course, irrelevant in the eyes of the law.

Quote
In addition to the elements of a contract:
  • a party must have capacity to contract;
  • the purpose of the contract must be lawful;
  • the form of the contract must be legal;
  • the parties must intend to create a legal relationship; and
  • the parties must consent.

http://en.wikipedia.org/wiki/Contract#Formation

Quote
If a contract is in a written form, and somebody signs it, then the signer is typically bound by its terms regardless of whether he has actually read it,[28] provided the document is contractual in nature.[29] However, affirmative defenses such as duress or unconscionability may enable the signer to avoid his purported obligation. Furthermore, if a party wishes to use a document as the basis of a contract, reasonable notice of its terms must be given to the other party prior to their entry into the contract.[30]

http://en.wikipedia.org/wiki/Contract#Formalities_and_writing