Law & Regulation


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

Taking care of Business.
By Craig Wright | 18 Nov 2018 | Bitcoin & Blockchain Tech, Economics, Law & Regulation

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
By Craig Wright | 16 Nov 2018 | Bitcoin & Blockchain Tech, Law & Regulation

The actor with the best capability to thwart most forms of internet-related misconduct is the primary malfeasor. The release of

Set in Stone
By Craig Wright | 15 Nov 2018 | Bitcoin & Blockchain Tech, Economics, Law & Regulation

Bitcoin was designed from the start to be a form of stable money, that is: it has a set amount,

Miners and Property rights
By Craig Wright | 14 Nov 2018 | Bitcoin & Blockchain Tech, Law & Regulation

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
By Craig Wright | 14 Nov 2018 | Economics, Law & Regulation

The thing that few see is that we already have proof-of-stake (PoS). The US Federal Reserve is a prime example

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