pull down to refresh

0 sats \ 9 replies \ @SwapMarket 15 Dec \ parent \ on: Is there an alternative or is Bitcoin really the Authentic Private Property ⁉️🤔 alter_native
correct, because 7 is trivial to guess. but a 256-bit number is impossible to guess, so I do own the secret it unlocks.
write
preview
0 sats \ 8 replies \ @000w2 15 Dec
You control it, you don't own it. If someone else finds the key, they have the same control as you. Ownership is a social/legal construct, it requires the acknowledgement from other people.
reply
0 sats \ 7 replies \ @SwapMarket 15 Dec
That's custodial ownership. Behave and pay taxes, and we will let you keep it. Nobody can take Bitcoin from me unless I fuck up.
reply
0 sats \ 6 replies \ @000w2 15 Dec
Nobody can take anything from you if you keep it completely secret. I'm just making a point about the definition of "ownership".
reply
0 sats \ 5 replies \ @SwapMarket 15 Dec
You said numbers are not property, I say they can be. I keep my private keys secret and use them to exercise my ownership rights over valuable assets (sign transactions). That's ownership.
reply
151 sats \ 4 replies \ @000w2 15 Dec
You have no way to prove that a number is known to you exclusively. If someone gained access to "your" key and spends the coins, the Bitcoin network won't recognise your ownership, the best you can hope for is that the legal system considers you the owner.
reply
0 sats \ 0 replies \ @flat24 OP 15 Dec
I totally agree with your point of view. What is really important is the secret. Obviously, as you mention, we cannot be the owners of the number that keeps our SATS. But we are the owners and responsible for keeping that secret that leads to our SATS. Here I consider that cryptography is magic. And I understand why it is a fundamental piece of bitcoin when it comes to considering it as a vehicle to store and hoard our energy burned after work.
reply
0 sats \ 2 replies \ @SwapMarket 15 Dec outlawed
stackers have outlawed this. turn on wild west mode in your /settings to see outlawed content.