zlacker

What does "stolen cryptocurrency" actually mean? For example, if one person says it was stolen from them, and the holder says they legitimately acquired it, then how is any solution supposed to decide who is correct?

For fiat currency, there's usually a court system that can be used to determine ownership. Though often they explicitly exclude cash from that - if somebody legitimately acquires bank notes that were previously stolen, they can keep them and they are valid as legal tender.

For cryptocurrency, which jursidiction's justice system is going to determine whether something has a "stolen" marker or not? What if that's not recognised by a different jurisdiction, or someone else comes to the opposite conclusion?

>>rlpb+(OP)
> For cryptocurrency, which jursidiction's justice system is going to determine whether something has a "stolen" marker or not?

It's the same decision process as the normal justice system. Broadly speaking, you can analyze it as follows (for civil complaints):

1. Is there a clause in the contract that says "disputes follow XYZ jurisdiction"? Then that's the jurisdiction. (And adding such a clause is Contracts 101 material).

2. If not, then you can usually get jurisdiction based on where the offense actually happened, or where the defendant lives. The analysis can get complicated, but it's not going to meaningfully change for cryptocurrency.

3. There's also a potential for extraterritorial jurisdiction in some cases.

> What if that's not recognised by a different jurisdiction, or someone else comes to the opposite conclusion?

Well, jurisdiction really comes down to a) can you get a court to agree that it has jurisdiction, and b) can you get other people to agree to the court's orders for relief.

>>jcranm+sl
That decision process would lead to different people coming up with different results. For example, it's not possible for me to look for a clause in your contract with a third party. I don't even having any way of knowing if the contract you might show me is the one that applied to a cryptocurrency transaction. So if you claim that your cryptocurrency was stolen in that transaction, and your favored court agrees it has jurisdiction and concurs, I still have no way of verifying any of that.

Your decision process might work for you, but it's not meaningful for establishing consensus in a cryptocurrency.