It's a valid point, thanks.
Lawyers are trained to differentiate between ownership and possession. The former is a legal (abstract) concept, while the latter is a matter of facts in the real world. Possession can be lawful (when the possessor is also the owner) or unlawful (when a the possessor is a thief). Generally, applying this concept to bitcoin should be easy.
Once again, proving that you are the "legal owner" of a UTXO is primarily a procedural issue. In principle, it's not fundamentally different from proving ownership of a physical item, although it presents different practical challenges.
GracjanPietras / Gracjan Pietras
npub1tr…ptss5
2024-04-28 08:00:57
in reply to nevent1q…4f4v
Author Public Key
npub1trkudtnp7jg3tmy4sz8mepmgs5wdxk9x2esgts25mgkyecrse7js6ptss5Published at
2024-04-28 08:00:57Event JSON
{
"id": "a8a43f0b63c79de5979fc80d4fec0f8af5ad108131311a46377cdf81ab25d68b",
"pubkey": "58edc6ae61f49115ec95808fbc8768851cd358a6566085c154da2c4ce070cfa5",
"created_at": 1714291257,
"kind": 1,
"tags": [
[
"e",
"910b66c4f39e599b737f38c2b5cb58ab24ae0b9ded927c81db4329e8e1c5b7ac",
"wss://relay.wellorder.net",
"root"
],
[
"e",
"38404020c55d53dfac0a01f76880063ab5936f24dbec94439c9063b95fc43ac7",
"wss://relay.wellorder.net",
"reply"
],
[
"p",
"92cbe5861cfc5213dd89f0a6f6084486f85e6f03cfeb70a13f455938116433b8"
],
[
"p",
"58edc6ae61f49115ec95808fbc8768851cd358a6566085c154da2c4ce070cfa5"
],
[
"p",
"c5273075de02a2beedad450ff60f0d47c67f28a2299fb804611d3ee5219df5f4"
]
],
"content": "It's a valid point, thanks. \n\nLawyers are trained to differentiate between ownership and possession. The former is a legal (abstract) concept, while the latter is a matter of facts in the real world. Possession can be lawful (when the possessor is also the owner) or unlawful (when a the possessor is a thief). Generally, applying this concept to bitcoin should be easy.\n\nOnce again, proving that you are the \"legal owner\" of a UTXO is primarily a procedural issue. In principle, it's not fundamentally different from proving ownership of a physical item, although it presents different practical challenges.",
"sig": "38ba97f0c5b0cbc135ba4c7c2ee83426e5d3e48785212973179309ff1f4b708e596e0ccc435792a5f5a97bb78934ffb10fb3afcbcaf9879cad9fd4ee551fa974"
}