Post
Topic
Board Bitcoin Discussion
Re: Most Bitcoin will be clawed back due to widespread theft
by
leopard2
on 02/03/2014, 23:49:36 UTC
Lots of mumbo-jumbo

however ...

BTC is not legal tender but clearly a BEARER INSTRUMENT

so, not affected in most countries

http://books.google.ch/books?id=uJxxMrf4MEkC&pg=PA244&lpg=PA244&dq=Nemo+dat+quod+non+habet+bearer+instrument&source=bl&ots=RNMPS9ew7Z&sig=6UxI9ljhlE7nsAZHMqR1dIRDdds&hl=de&sa=X&ei=CsETU8WLMMLnygP96oGwBQ&redir_esc=y#v=onepage&q=Nemo%20dat%20quod%20non%20habet%20bearer%20instrument&f=false

...because it is not practically possible to chase bearer instruments, that is why lawmakers all over the world agree on this (still I think a Darkcoin style currency would be a good thing; to protect innocent people from being traced in the real world after receiving tainted coins).

And it is clear why exchanges are so particular about KYC and origin of funds these days...

Case closed.