Centralized Law vs Decentralized Law with Stephan Kinsella (WiM099)
The "What is Money?" Show
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You Don't Own but Coin, You Just Possess but Coin
If you own something, again, it means you should have the right to control it. So if i own one bitcoin and someone guesses my private key, they've stolen it from me. The implication is that yu basical claiming a property right in the hardware of all the people runningrunning notes and having a copy of the block chain. There's no rule like that for some one who tries to guess your private key. Thatthe system has far more secure security than any legal system which could give you this right. But luckilyyou don't need to own it because the design is so secure.
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