Post
Topic
Board Bitcoin Discussion
Re: What if you bought some of those stolen Mt Gox Bitcoins?
by
AnonyMint
on 01/03/2014, 00:24:24 UTC
Sorry if this was discussed, but in USA if you buy stolen property and you are caught with it you have to return it to the original owner at your loss.

Now, lets say someone did steal the Mt Gox. Bitcoins, and then you bought some of them unknowingly.

If they could trace back through the blockchain that those bitcoins were indeed stolen Mt. Gox. coins, wouldn't they be able to take them back from you?

I doubt that this would happen.  The Bitcoins would not have the same address.  They are not the same Bitcoins.

Maybe Bitcoins obtained straight from a stolen source are one thing, but Bitcoins that have transferred MANY times with differing amounts over a year?  What basis would that be?  They do not do that with cash or currency.  

Naive bullshit or intentionally misleading spin. The chain of ownership is recorded in the blockchain.

https://bitcointalk.org/index.php?topic=491181.msg5436510#msg5436510

https://bitcointalk.org/index.php?topic=491181.msg5415520#msg5415520

https://bitcointalk.org/index.php?topic=491181.0

For those who are rationalizing away the chain of ownership (I explained upthread) due to that the lack of physical nature to Bitcoin, you don't have any chance of winning that argument. If it wasn't owned, it wouldn't have value that can be exchanged. Even if we are trading fungible tokens in a pool, the tokens are still owned. Cripes, are you guys totally ingenuous or ignorant.