Re:A Major Coinbase Milestone: 1 Million Consumer Wallets
by smtddr on Thursday February 27, 2014 @07:58PM
(#7316563)
I disagree with you... but we'll see how it plays out with MtGox.
In the eyes of the law, I don't think bitcoin is your property anymore than buying a special weapon on Eve Online with fiat-money is your legal property. Maybe it should be, maybe it will be, but today that's not the case.
Or maybe I'm completely wrong... Has anyone sought legal action on financial loss related the value of an item inside Eve Online? Or any virtual item in any system?
A straight scam I understand, but say you purchased a bunch of rare swords & armor in some online game then next month the server crashes and all players lose their virtual items and the gaming company goes bankrupt. Is the company liable?
> Bitcoins aren't protected under any law
False. Just because something is new doesn't mean existing laws don't apply to it. Bitcoins are property and property is protected by law regardless of when said item was invented. We don't have to create new law to cover every new invention man decides to own.