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Message: <blockquote data-quote="chance vought" data-source="post: 1517336" data-attributes="member: 22019">He who has the key, has the Bitcoin, simple as that.  Now let’s say someone breaks into your house, steals your pass phrase or key because it’s sitting on your computer desk.  You could use a backup and move your bitcoin to a new wallet before they can spend it and they wouldn’t get anything.  Or you can use multiple keys in multiple locations, and require 2 of 3 to move the bitcoin, or 3 of 5.  Leave 1 key with your lawyer, 1 with your brother, 1 in a safe deposit box.  However you want to do it.a legal sense as far as mathematics…I’m sure the Jews in Weimar Germany owned their property legally, until they didn’t.  The Chinese, Russians, Mayans, Carthaginians, all legally owned property, until the rules changed.</blockquote>