Law & Regulation
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
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
On Predicates
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
On confirmation, the recipient faces minimal, if any, ongoing risk of fraud from the transferer (Alice, A). There remains an
Bitcoin is a commodity
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
Very simply, Silk Road was the worst thing to happen on Bitcoin. Freedom is not absolute. We live and act
Taking care of Business.
Going forward we will start to open up and allow business use of the Bitcoin blockchain. Bitcoin scales, and we
Present Liability Schemes and Sanctions
The actor with the best capability to thwart most forms of internet-related misconduct is the primary malfeasor. The release of
Set in Stone
Bitcoin was designed from the start to be a form of stable money, that is: it has a set amount,
Miners and Property rights
In this post I will offer a little advice for the legally clueless. A few ABC developers are arguing that
Proof of State, or, the new Fed
The thing that few see is that we already have proof-of-stake (PoS). The US Federal Reserve is a prime example