Law & Regulation


Non-Repudiation — Does this exist?

By Craig Wright | 22 Oct 2018 | Bitcoin & Blockchain Tech, Law & Regulation

There is a definitional distinction between the legal use of the term “non-repudiation” and the common use that has taken…

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Effective Enforcement in the Vastly Distributed Wild Wild Web

By Craig Wright | 21 Oct 2018 | Bitcoin & Blockchain Tech, Law & Regulation

Some time ago Hilary E Pearson (1996) noted that, “in many cases, liability will depend upon how a court faced…

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Phases of the Bitcoin system

By Craig Wright | 20 Oct 2018 | Bitcoin & Blockchain Tech, Economics, Law & Regulation

The Bitcoin system may be broken down into the following “phases”: Mining; Holding Bitcoin; and Transferring Bitcoin. Each of these…

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Rights as property

By Craig Wright | 19 Oct 2018 | Bitcoin & Blockchain Tech, Economics, Law & Regulation

In its simplest form, a bitcoin transaction involves the creation of an entry in a ledger. The value on the…

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Monetary transfer and transmission rules

By Craig Wright | 18 Oct 2018 | Bitcoin & Blockchain Tech, Economics, Law & Regulation

The exchange of bitcoin for other currencies clearly comes under existing AML[1] regulations, and where an exchange[2] has been used…

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Symmetric Fair Exchange Protocol

By Craig Wright | 15 Oct 2018 | Alternative Coins & Systems, Bitcoin & Blockchain Tech, Law & Regulation

Background In a fair exchange protocol two parties either both honour an exchange (such as a contract), or neither of…

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The tax implications of bitcoin as money

By Craig Wright | 14 Oct 2018 | Bitcoin & Blockchain Tech, Economics, Law & Regulation

As Bitcoin does not need to be held or processed by a financial institution[1], many people have concluded that they…

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Scenario 3: Lease Contract

By Craig Wright | 06 Oct 2018 | Bitcoin & Blockchain Tech, Law & Regulation

In this situation, Bob takes out a lease contract with Eve for a fixed term of three years. The terms…

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Scenario 4: Rolling Contract

By Craig Wright | 06 Oct 2018 | Bitcoin & Blockchain Tech, Law & Regulation

In this situation, Bob decides to lease a laptop from Eve on a rolling annual basis, where he needs to…

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Scenario 5: Contract Conditionality

By Craig Wright | 06 Oct 2018 | Bitcoin & Blockchain Tech, Law & Regulation

In this situation, Bob enters into a contract with a pool of builders to deliver a new property, and specifies…

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Creating a Smart Contract Registry

By Craig Wright | 06 Oct 2018 | Bitcoin & Blockchain Tech, Law & Regulation

This post is the first in a series to describe a number of important methods that are needed in creating…

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Scenario 1: Public Registry of an Asset

By Craig Wright | 06 Oct 2018 | Bitcoin & Blockchain Tech, Law & Regulation

In this scenario, Bob decides to publish his ownership of an asset (e.g. his home) onto the Blockchain. Nothing else…

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