hmmm, this is quite amazing, am just trying to compare the two now and i realise that the only thing we can say we have onwership of is the keys, while the bitcoin in our wallets are in our possessions, meaning that if a third party lay holds on our keys and passwords, they autamatically becomes possession of it.
RE: Digital Possession of Bitcoin - 9/10ths of the Law?
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Digital Possession of Bitcoin - 9/10ths of the Law?
That's correct, the possession could also be widespread. If one person in New York and another in LA both have access to the private key, they may be found to be both in possession simultaneously, despite the distance.
Ownership is actually a different issue, which we will discuss next article.
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