Law & Regulation


The great mining swindle
By Craig Wright | 18 Feb 2019 | Bitcoin & Blockchain Tech, Law & Regulation

One part of the hijacking of Bitcoin stems from the manufacturing of ASIC chips. The purpose of a node is not

Immutable evidence
By Craig Wright | 16 Feb 2019 | Bitcoin & Blockchain Tech, Law & Regulation

Today’s business use case is very simple, and in detailing it, we may help others understand a little more about

Careful what you wish for…

I moved to the UK in October 2015. We still had business interests there, so I would fly to and

“Lightning” Network and the Financial Industry Regulatory Authority (FINRA)

Many “crypto exchanges” fail to understand that they are money handlers. Basically, “crypto” is not an excuse. The storing of

Storing IP on the Blockchain
By Craig Wright | 27 Jan 2019 | Bitcoin & Blockchain Tech, Law & Regulation, Math

Electronic distribution of intellectual property (IP) poses numerous risks for the creators of the content, since it becomes difficult to

Contract Law and Smart Contracts
By Craig Wright | 28 Dec 2018 | Bitcoin & Blockchain Tech, Law & Regulation

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
By Craig Wright | 27 Dec 2018 | Bitcoin & Blockchain Tech, Law & Regulation

When the court decides there has been a breach, there are many remedies at its disposal. One solution is to

Account and Transfer Systems.
By Craig Wright | 22 Dec 2018 | Economics, Law & Regulation

Most payment systems today are based on the deposit of funds and the transfer of credit from one party’s account

On Predicates
By Craig Wright | 21 Dec 2018 | Bitcoin & Blockchain Tech, Law & Regulation

In the common law, many individual fact-based decisions are set as predicates. No, not these. To many, it ends up making

Bitcoin in law
By Craig Wright | 18 Dec 2018 | Bitcoin & Blockchain Tech, Law & Regulation

On confirmation, the recipient faces minimal, if any, ongoing risk of fraud from the transferer (Alice, A). There remains an

Bitcoin is a commodity
By Craig Wright | 12 Dec 2018 | Bitcoin & Blockchain Tech, Economics, Law & Regulation

Ledger space in a sound, immutable ledger is a commodity. It has value. The trouble is that many think they

Why Silk Road was an abyss
By Craig Wright | 10 Dec 2018 | Bitcoin & Blockchain Tech, Law & Regulation

Very simply, Silk Road was the worst thing to happen on Bitcoin. Freedom is not absolute. We live and act

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