Post
Topic
Board Service Discussion
Re: If MtGox can ident the Bitcoins, why not fix it?
by
JoelKatz
on 27/02/2014, 18:43:04 UTC
On Friday, 2 BTC were stolen from me. I am considering reporting this to law enforcement. This means that anyone who receives BTC which derives from my stolen 2 BTC will be liable to return them back to me.
This doesn't make sense and I don't think any court will hold this. Imagine if they did this for dollars and the guy who holds "your" bills just withdrew them from an ATM. The bank would not have delivered "title" to the money, and so the bank would be liable to the guy who withdrew. This would make modern banking essentially impossible. See, for example, SEC v. Better Life Club of America. I don't see recission theories working either, since they don't apply against innocent third parties either, just counterparties.