The balance in your wallet is of course private property, I'm not sure why you would even need to mention it. Bitcoin is just money and your money is your property isn't it? or am I missing something here? Do you want to define it because it's purely virtual unlike fiat? You have to keep in mind that right now, Bitcoin is valuable only through it's associated dollar-value, by itself its worth nothing. Businesses wouldn't accept Bitcoin if they couldn't convert it to fiat.

Bitcoin network or bitcoin blockchain can't be considered private as it is not control by any central body. However bitcoin can be said private as bitcoin can be owned by any private company, any person, any institution or even government and in case like when the owner of bitcoin get demised those bitcoin can't be used without private key and if owner have given access to their private key to other people they can easily use it own it just like in banks you can put your parents/relatives name and give them access if you don't remain in this world.

Yes obviously bitcoin is a private property because it was for the first time developed for trading it like barter system within website but later on due to its simplicity and advantages people started using bitcoin as money. And no government have right over this property

lol
bitcoin network is the meal. and the coin is the individual that has his own spoon.
whats in your spoon you have. but that doesnt mean you get to own the whole family meal

yes there might be debates about father adam back saying he owns the family meal because 10 years ago he was a chicken farmer and the family meal is a roast chicken, and the family can only take their spoons under his terms.

yes there might be debates about mother gavin who boiled the veg, saying the family meal belongs to no one. but anyone with a spoon can own their spoonful of food.
(adam back supporters insinuate anyone not liking adam back must secretly want to have adam backs mindset(failed bait and switch))

but gavin and adam , or any other dev should not say they own the meal(network)
instead the family(anyone) can individually have what they want and whatever is on the individuals spoon belongs to the person holding the spoon.


if the family meal (the ledger) belongs to one person then bitcoin becomes no better than the corrupt fiat system.

if you want my private key(spoon) you can come take it from me. and if you get my private key(spoon) then you can have whats held on the spoon
but you cannot claim you own the whole meal on the table, even if your daddy was a chicken farmer. the meal is for everyone to enjoy. not just you and your daddy

It's private property then. Like Bitcoins are.

Fiat currency is also private property so I don't see the reason why Bitcoin wouldn't be private property also. But this is not defined only by fact that you own it or that you har bought it but it should be determined by the law according tow strict defined criteria.

Just depending from who the people are seeing from. I think bitcoin can be considered for a private property and the public property too. but in this cases are depending with the perspection from the each person about that. just like if we are considered the bitcoin from their value i think we will see the private property in itself, caused by the value of bitcoin are using by the each person. but not about from the tech preview bitcoin can be considered as the public property like their anonymity are useful for a lot of the people or public.

If it was public property, then where's my right-of way to march into the mining farms and borrow a little hashing power? You could use your public access too Franky, change everything around into your socialist Bitcoin Unlimited paradise! Oh no, wait you can't. Nothing to do with the network nodes being private property though, right?


And you really are the strawman of all strawmen aren't you? You're refuting something I didn't even say.



The only person trying to muddy the distinction between the network and the currency units is you. Don't you remember, muddying the picture to confuse and scare people is the only thing you ever do.




All you're proving Franky is that you're not capable of having a reasonable discussion; whenever someone says something you disagree with, you go into full-on witch-burning mode. Doesn't that make you the dictator?