What do you usually call someone who takes a thing from its owner without permission?
Yeah, someone was silly to pay hard earned money in exchange from useless tokens. It was a gamble. If the useless tokens get stolen, I'm sorry to say, but whoever paid for BTC already lost their wealth in the first place when they converted whatever they had before for it.
It's true that information is infinitely abundant. However, unlike copyrighted works, private keys are not supposed to be shared. There should never be more than one copy of that number in the entire universe. If people can brute force keys by guessing, we've probably got bigger problems.
Obtaining that number without authorization is already a crime. Accessing computers illegally to exfiltrate data is already a crime. Breaking into a physical safe in order to obtain a paper key is already a crime.
Sure thing. Hence, the importance of analyzing each case individually. If unauthorized computer access is used, sure thing a crime was committed. If someone created a wallet using a stupid wallet generator which used this website to "create" private keys, and someone else also had this silly idea, and someone deposited Bitcoin on a wallet created by this mean and and someone else took it, then no crime was committed.
You don't even need the website. Cryptographic keys are just numbers. All data is just numbers. You can write simple code to generate all numbers from zero to infinity and it will eventually generate all cryptograhpic keys, all computer files, all copyrighted works, all hate speech, all child abuse material, everything that can possibly be represented as data.
The thing is the search space is so unfathomably large that such a program will never produce useful results. This is central to cryptography. If a private key is copied, it must have been done so illegally or accidentally. Any other option means the cryptography is defective.
This is the complete opposite of copyrighted works whose entire purpose is copying. The data is already known and they're hopelessly trying to regulate access to it.
I agree if you're talking about an evidence such as a high-quality video or even photo with everything leading us to believe it's legit. However, we can not be as confident if we're talking about a BTC token. While extremely unlikely, there might be faulty algorithm implementations, problems with the algorithm, etc., that might lead to this situation.
Very unlikely? Sure, but we've to give the benefit of the doubt.
And these days, they way society is using traditional currency is become less tangible all the time. It’s is 100% possible to live life with never touching physical currency. Get paid via direct deposit, credit cards for your daily expenses, ACH your housing bill and credit card expenses. All just information flowing around.
Crypto is certainly overhyped and overvalued days, but it’s seems that at the core, crypto and modern banking are accomplishing the same thing: managing numbers(information) that people value.
It's unethical to steal something tangible. Bitcoin has no tangibility whatsoever. You can't steal it.
---
Property is legally defined as 'Not only money and other tangible things of value, but also includes any intangible right considered as a source or element of income or wealth.'
That includes protectable ideas, digital files, financial instruments (like stocks and bonds, loans and credits), computer graphics, certain arrangements of words and quite a bit more.
---
What does tangibility mean to you? That allows you steal the examples in the second paragraph without legal reprecussions nor ethical dilemmas?
You may get lucky with KYC, but who in their right mind would gen a collision only to get caught on the cash out?
You're not in control once someone has your pk unless you can mobilize a 51% attack to fix your problem.
I find it rather revealing that so many anti-crypto blog posts offer no novel solutions, they only ramble on about how they know crypto isn't the solution. Seems rather uninspired to say you understand a problem domain but have no suggestions on how to solve the problem other than literally a solution that has already been tried at large scale and failed.
Sure, the gold standard in an alternate reality seems like a great idea, but we live in this reality where central powers were able to quite easily strip society away from this contract with barely any resistance.
There are actual laws in the US that if you find money, you are supposed to report it to the authorities, and if no one reports losing the money in some fixed time (30 days?) then you keep it.
How lucky for everyone that the crypto folks have specifically attempted to evade all the laws that apply to real money
Bitcoin's supposedly scarcity is a joke that doesn't make any sense whatsoever.
Basically parroting the same thing other people have been saying for years, absolutely no unique insight. He is so angry he missed the train, he just had to let it all out.
Don't worry Henrique, Bitcoin will go to $0 any day now!
Tbh, I did get some early but I ordered sushi (thuisbezorgd.nl accepted btc) and raspberry pi stuff from Pi Hut for amounts that make me cry in retrospect. Still, I'm not that 10k BTC pizza guy so there's that.
If its scarcity isn't real, then why can't you conjure up an arbitrary number of bitcoins at will?
The whole point of cryptography is nobody could possibly guess these numbers within the lifetime of the universe. If this assumption is somehow proven wrong, we've probably got bigger problems than one person losing money.