Can you sue the other party to return bitcoin

1.

With digital currency bitcoin in the spotlight in 2017, it's hard to remember the shadow of other cryptocurrencies

according to a new report, 1000 bitcoin holders have 40% market share

it is said that these major investors, known as "whales", may cause the value of cryptocurrency to plummet at any time

bitcoin once approached the $20000 mark. At the beginning of the year, bitcoin was worth just $970

However, cryptocurrency is very unstable. The value fell below 14000 yuan on December 10 and rose above 16000 yuan on December 11

Moreover, financial experts believe that bitcoin may be more unstable than people think. Recently, some Chinese bitcoin players have taken to court in a rage over losses

according to the bitcoin player, from November 2013 to June 2016, he paid 321966 yuan to fire coin, withdrawn 104772 yuan from fire coin, and lost 217194 yuan. The losses were caused by the bitcoin and lightcoin exchanges with 20 times leverage through the accounts on bitvc website

because bitvc website does not accept RMB recharge, it only accepts virtual currency recharge, so its transactions on the website are all through the purchase of bitcoin and Leyte coin by recharging cash on fire coin, and then transfer the purchased virtual currency to the account of bitvc website

the bitcoin player also said that although fire coin knows that virtual futures trading is illegal, it still lures registered users of fire coin to enter bitvc website for virtual currency futures trading with 20 times leverage by opening bitvc website and setting up links on fire coin website, using high leverage incement and telephone invitation. Fire money network further through the control of background data, false transactions and other means of fraud, resulting in his damage, so it asked fire money network to compensate for the loss of 52.8567 bitcoin, 815.9731 lightcoin

the court held that the arbitration clause agreed by the bitcoin player and the fire coin company has come into effect, and the ruling is confirmed to be valid. The dispute in this case should be arbitrated by the arbitration organization, and the court has no jurisdiction, so the lawsuit should be rejected

2. At present, according to the white paper of GTEX, GTEX has three co founders

Ryan Ding
Ryan is an experienced financial expert, blockchain consultant and senior gamer. Ryan graated from the Business School of Michigan State University with a degree in finance. While at Michigan State University, Ryan led the third largest world of Warcraft guild in North America. Before creating GTEX, he worked for eight years at major financial institutions on Wall Street. Ryan is a pioneer of token economics and believes that game token is the future of the game instry

Lyn Zhao is a master of electronic engineering at King's College London. Since, he has worked in State Grid Corporation and investment banks such as UBS and Bank of America Merrill Lynch. He has rich experience in quantitative analysis, trading and data science. At present, he mainly focuses on digital asset quantitative trading and blockchain technology. Lynn has a wealth of entrepreneurial experience and has worked in China and the UK. He is passionate about E-sports and is also a deep game player and developer of Warcraft RPG game map<

Vlad Milosevic
Vlad is an experienced marketing person and senior person in the game instry. He graated from Davis & Elkins college. He has created a number of large game communities in Europe, which can generate more than 10 million page views per month and generate more than $10000 in advertising revenue. Vlad currently has a successful online marketing organization, GS power. He is the co-founder of GTEX because he believes that blockchain will revolutionize the game instry.

3. Acquaintances or netizens? Unfamiliar, can't help. There must be a trap. He can do this kind of thing himself. Why do you do it? If it's for you to pay, you can't help. Be careful of cheaters.

4. Certainly. Just confirm that your claim can be expressed in currency. And your loan relationship is formed.

5. You and a friend constitute a commission contract relationship, even if it is free, in the case of his gross negligence, still have to bear the responsibility for compensation
it is impossible to find out the reason for the loss, which may involve criminal crimes. It is recommended to call the police first
if the police do not file a case, civil recovery will be considered.

6.

In fact, the key to this question is: what is the nature of bitcoin IOU? It's not the nature of bitcoin, it's very different. Borrowing bitcoin is not as simple as borrowing hoes and hedges. Bitcoin IOU is not just a proof of borrowing something and returning it later. It has the following properties:

back to the nature of bitcoin IOU, because it has only "value" such as speculation, money laundering and tax evasion, so its IOU is not used for proction and daily life, Some courts support this IOU, which will make more people use bitcoin IOU for hedging, gambling for profit, mortgage purchase and other improper behaviors. If this trend continues to spread, it will lead to changes in court trials

there is no doubt that legal norms lag behind in real life. Now some courts regard bitcoin as general virtual property, and apply traditional property dispute law to bitcoin IOU, which is questionable, because the court recognized the relevant judgments of bitcoin IOU, which in a sense changed to recognize its existence value. I just ask, what are you doing with bitcoin? Besides speculation (selling is a kind of speculation), money laundering and tax evasion, what else can you do

7. How much is RMB? It can be recovered

8. It's no use,

9. Yes, it is recommended to call the police directly.

10. There is no IOU to find other evidence to prove that the other party has indeed borrowed money
for example, audio recording, video recording, chat recording, witness testimony, etc
after obtaining the evidence, you can sue in the court and ask the other party to return it
if there is no evidence, the court has no way.