December 2018
Contract Law and Smart Contracts
Contract law is designed to minimise: the cost of writing a contract; the cost of courts rewriting contracts; inefficiency (including [...]
Breach of contract — Remedies for breach
When the court decides there has been a breach, there are many remedies at its disposal. One solution is to [...]
Crowd Funding and ICOs
The following are some notes on ICOs (all are securities) that can act as a set of things to consider. [...]
Account and Transfer Systems.
Most payment systems today are based on the deposit of funds and the transfer of credit from one party’s account [...]
The myth of the full validation node
There is a long-running false narrative of “full validating nodes.” The dishonesty that has been sold as a truth is [...]
On Predicates
In the common law, many individual fact-based decisions are set as predicates. No, not these. To many, it ends up making [...]
Expectation of Profits
The US Howey case used the Expectation of Profit as an element in International Brotherhood of Teamsters vs Daniel. Daniel [...]
Currency
Coins remain legal tender without having an economic basis in specie. They hence, as with paper notes, rest on the [...]
Private blockchains are a matter of economic forces
The issue of “private blockchains” comes to a purely economic outcome. The issue of public vs private is, and has [...]
Bitcoin in law
On confirmation, the recipient faces minimal, if any, ongoing risk of fraud from the transferer (Alice, A). There remains an [...]
BLOCKCHAIN Based Accounting:
For more details see the following link: CRYPTOGRAPHIC METHOD AND SYSTEM FOR SECURE EXTRACTION OF DATA FROM A BLOCKCHAIN Executive [...]
The lie of anarchy
The lie of anarchy and the true value in Bitcoin Many have thought that Bitcoin was in some manner designed to [...]