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> Surely you own money? Money as a physical item is tangible, money as a ledger entry has more complicated rules of “ownership”. For example, you do not actual
by chordalkeyboard 6y ago
> Surely you own money?
Money as a physical item is tangible, money as a ledger entry has more complicated rules of “ownership”. For example, you do not actually own the money in tour bank account, you have a claim on the assets of your bank equal to the amount on the ledger. Other forms of ledger money are equally bizarre in the limit. Suppose you use a weak address with bitcoin and someone transfers “your” bitcoin to a different account. Its not clear that they committed a crime and there is no recourse for the former “owner.” Similar cases abound with ETH.