If you consider what most cryptocurrency proponents [2] are trying to do, you will see an attempt to exclude governments and rights and create a system that cannot be controlled outside the dictation of technocratic developers. Many criminal groups want such a scenario. Unfortunately for them, Bitcoin was designed to provide the opposite outcome. “Forking” a software branch is allowed under the MIT License. Both Litecoin (LTC) and Ethereum (ETH)…
Papers Associated with Bitcoin and Related Topics in Law: Part XV
In examining the literature surrounding the perception of blockchain technology as businesses understand it, multiple problems can be discerned. For [...]
Defining Protocol
The Transmission Control Protocol (TCP) of the internet has functioned for decades. It was originally constructed using the statements by [...]
Papers Associated with Bitcoin and Related Topics in Law: Part XIV
I have looked at a number of papers where the authors are investigating or starting to question the concept of [...]
Papers Associated with Bitcoin and Related Topics in Law: Part XIII
Simplified payment verification (SPV) was first discussed in the Bitcoin white paper (Wright, 2008), and was taken up by other [...]
Papers Associated with Bitcoin and Related Topics in Law: Part XII
De Filippi et al. (2022) created a seemingly well-argued academic research paper focused on the means by which distributed blockchain-based [...]
Papers Associated with Bitcoin and Related Topics in Law: Part XI
Measuring the distance between nodes has been considered complex (Chen et al., 2020) and liable to error or listed computational [...]
Papers Associated with Bitcoin and Related Topics in Law: Part X
The concept of a ‘rollback’ attack is referenced when it comes to blockchain solutions and attacks or changes to the [...]
Papers Associated with Bitcoin and Related Topics in Law: Part IX
The ability to scale a blockchain is related to the problem of scaling a distributed database. For example, the original [...]
Papers Associated with Bitcoin and Related Topics in Law: Part VIII
Lessig (2000) promoted an early concept adopted by cypherpunk computer coders and anarchists: “Code is law.” Such a mentality has [...]
Papers Associated with Bitcoin and Related Topics in Law: Part VII
The recent collapse of FTX demonstrates the need for oversight within financial accounting systems. Unfortunately, the term decentralisation has been [...]