From mboxrd@z Thu Jan 1 00:00:00 1970 Received: from sog-mx-1.v43.ch3.sourceforge.com ([172.29.43.191] helo=mx.sourceforge.net) by sfs-ml-3.v29.ch3.sourceforge.com with esmtp (Exim 4.76) (envelope-from ) id 1YDggZ-0000FW-Na for bitcoin-development@lists.sourceforge.net; Tue, 20 Jan 2015 21:50:07 +0000 Received-SPF: pass (sog-mx-1.v43.ch3.sourceforge.com: domain of gnomon.org.uk designates 93.93.131.22 as permitted sender) client-ip=93.93.131.22; envelope-from=roy@gnomon.org.uk; helo=darla.gnomon.org.uk; Received: from darla.gnomon.org.uk ([93.93.131.22]) by sog-mx-1.v43.ch3.sourceforge.com with esmtps (TLSv1:AES256-SHA:256) (Exim 4.76) id 1YDggX-0005Y4-Rq for bitcoin-development@lists.sourceforge.net; Tue, 20 Jan 2015 21:50:07 +0000 Received: from darla.gnomon.org.uk (localhost.gnomon.org.uk [127.0.0.1]) by darla.gnomon.org.uk (8.14.3/8.14.3) with ESMTP id t0KLnvxS041424 (version=TLSv1/SSLv3 cipher=DHE-RSA-AES256-SHA bits=256 verify=NOT); Tue, 20 Jan 2015 21:50:02 GMT (envelope-from roy@darla.gnomon.org.uk) Received: (from roy@localhost) by darla.gnomon.org.uk (8.14.3/8.14.1/Submit) id t0KLnsJl041422; Tue, 20 Jan 2015 21:49:54 GMT (envelope-from roy) Date: Tue, 20 Jan 2015 21:49:52 +0000 From: Roy Badami To: Peter Todd Message-ID: <20150120214936.GP5396@giles.gnomon.org.uk> References: <20150120154641.GA32556@muck> MIME-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Disposition: inline In-Reply-To: <20150120154641.GA32556@muck> User-Agent: Mutt/1.5.20 (2009-06-14) X-Spam-Score: -1.5 (-) X-Spam-Report: Spam Filtering performed by mx.sourceforge.net. See http://spamassassin.org/tag/ for more details. -1.5 SPF_CHECK_PASS SPF reports sender host as permitted sender for sender-domain -0.0 SPF_HELO_PASS SPF: HELO matches SPF record -0.0 T_RP_MATCHES_RCVD Envelope sender domain matches handover relay domain -0.0 SPF_PASS SPF: sender matches SPF record X-Headers-End: 1YDggX-0005Y4-Rq Cc: bitcoin-development@lists.sourceforge.net Subject: Re: [Bitcoin-development] The legal risks of auto-updating wallet software; custodial relationships X-BeenThere: bitcoin-development@lists.sourceforge.net X-Mailman-Version: 2.1.9 Precedence: list List-Id: List-Unsubscribe: , List-Archive: List-Post: List-Help: List-Subscribe: , X-List-Received-Date: Tue, 20 Jan 2015 21:50:07 -0000 > Why is this? Well, in most jurisdictions financial laws a custodial > relationship is defined as having the ability, but not the right, to > dispose of an asset. So if I leave my window open while I'm out and there's some cash on my desk, visible from the street, then every passer by now has a custodial relationship with me? Your example of a malicious software update seems more akin to a theft like that (which is clearly not a custodial relationship) rather than a true custodial relationship. roy