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Yeah, there's a hell of a big difference between that and legal precedent that bitcoin counts as currency rather than physical property of some sort. If someon
by ThrustVectoring 8y ago
Yeah, there's a hell of a big difference between that and legal precedent that bitcoin counts as currency rather than physical property of some sort.
If someone steals a $20 bill out of my wallet and spends it at a gas station, I can't go to the gas station and get my $20 bill back, even if I have the serial number and can uniquely identify it. If someone steals $20 of bitcoin and spends it at a gas station, then it's within my legal rights to demand the return of my bitcoin from the gas station. This system is obviously problematic for the use of money to settle accounts, which is why there's 300+ year old legal precedent that bank notes work like currency and not like property.