📅 Original date posted:2015-01-20
📝 Original message:Knowing the private key and owning the linked coins is not necessarily the same in front of a court.
At least in german law there is a difference between ‘Eigentum' means ownership and ‘Besitz’ means ability to deal with it.
Being able to deal with an asset does not make you the owner.
Tamas Blummer
On Jan 20, 2015, at 6:23 PM, Matt Whitlock <bip at mattwhitlock.name> wrote:
>
> If you have the private keys for your users' bitcoins, then you are every bit as much the owner of those bitcoins as your users are. There is no custodial relationship, as you have both the ability and the right to spend those bitcoins. Possession of a private key is equivalent to ownership of the bitcoins controlled by that private key.
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Tamas Blummer [ARCHIVE] /
npub1cc…ex8m8
2023-06-07 15:28:47
in reply to nevent1q…cnv7
Author Public Key
npub1ccegg9n9lnx6huppxg43m95488yur7pfemkn3pz0agjws5ffvtts0ex8m8Published at
2023-06-07 15:28:47Event JSON
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"content": "📅 Original date posted:2015-01-20\n📝 Original message:Knowing the private key and owning the linked coins is not necessarily the same in front of a court.\n\nAt least in german law there is a difference between ‘Eigentum' means ownership and ‘Besitz’ means ability to deal with it.\nBeing able to deal with an asset does not make you the owner.\n\nTamas Blummer\n\nOn Jan 20, 2015, at 6:23 PM, Matt Whitlock \u003cbip at mattwhitlock.name\u003e wrote:\n\u003e \n\u003e If you have the private keys for your users' bitcoins, then you are every bit as much the owner of those bitcoins as your users are. There is no custodial relationship, as you have both the ability and the right to spend those bitcoins. Possession of a private key is equivalent to ownership of the bitcoins controlled by that private key.\n\n-------------- next part --------------\nAn HTML attachment was scrubbed...\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20150120/8260e6bb/attachment.html\u003e\n-------------- next part --------------\nA non-text attachment was scrubbed...\nName: signature.asc\nType: application/pgp-signature\nSize: 496 bytes\nDesc: Message signed with OpenPGP using GPGMail\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20150120/8260e6bb/attachment.sig\u003e",
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