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RE: DON'T LET GREED DESTROY STEEMIT

in #steemit7 years ago

This. So much this.

It's like... you can't have laissez-faire capitalism (which is what STEEM is based on) and socialist policies (who's to say what you do with what you factually own) at the same time.

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Keys are information, and as such can't be owned. Cryptocurrency isn't property, because signed transactions are just speech.

Example: Let's say I put a million steem into an account, and I know the password to it. Let's say I then tell you the password, and now we both know it.

Whose "property" is that million steem? If you transfer it out of that account, are you depriving me of what I own? If I transfer it, am I depriving you of what you own?

It's all just speech.

Whose "property" is that million steem?

Yours. Giving someone your bank account password doesn't mean you cease owning the assets therein.

If you transfer it out of that account, are you depriving me of what I own?

Yes.

If I transfer it, am I depriving you of what you own?

No, you're just managing your assets.

This is exactly how money works. You exchange information (printed on a piece of paper or digital) for goods and services.

Your conception of “ownership” does not seem to be shared by most proponents of cryptocurrency.

“my” bank account is mine because it has my name on it. “my” tokens are only mine because i have knowledge of the key.

And yet even your bank account isn't yours - sure, it has a name on it, but that's just information, right?

And information should be freeeeee, maaaaan.

What a bunch of crock.

So you don't own your bank account number? What if you just gave it to me would I be stealing?? Cmon man.

Nobody owns any number.

Furthermore, knowledge of a bank account number is not title to the assets therein. Knowledge of a private key absolutely and unambiguously is.

Property is a term of law. Laws are the rules we enforce around each other. If you're not talking about how we should act then it's just a number, and you are just atoms. True. What is the point of your argument?