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The European Union’s top court held this week that Bitcoin is a currency and not subject to VAT. No English version yet, but CL will post when it becomes available. How does this ruling square with the US Federal Commodities Read More …
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Accenture’s orientation on the blockchain suggests emphasis on private chain applications until the regulatory structure catches up to add confidence. The report emphasizes considering the needs of legacy systems to transition information and suggests regulation that “secures transactions but doesn’t Read More …
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Courtesy of Williamha.com, Steve Jobs in archive video says that people should learn to code, because, like going to law school, it teaches them to think. William Ha is the author of Quit Law and Code.
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Deloitte makes the case for delaying Bitcoin regulation. Summary: Bitcoin is noisy, but it isn’t that big (yet). Precedent: other innovations like the automobile, telephone and internet got decades to mature before regulation took hold. The real value of Bitcoin Read More …
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Innotribe’s New Kids on the Block(chain) was filled with the big names from finance and crypto-startup communities. “[O]perating lawyers and compliance teams” are first on the list of humans affected by blockchain technology in mainstream commerce. “We are way past Read More …
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In a move meant to get you to listen to the Virgin podcast, this Virgin entrepreneur leads with the provocative.
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One of the most common questions I get about cryptocurrency is “What is the value of digital currency based on?” Bitcoin and other alternative currencies are holders of value on a software system that Bitcoin buyers trust. Digital Read More …
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Openchain launches minerless, open-source distributed ledger technology for enterprise. This is the latest in a rash of companies racing to lead in scaling blockchain from currency to enterprise solutions. Mining seems one of the least efficient processes in the blockchain world, Read More …
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“Smart contracts” — the term used for agreements coded into blockchain technology — is a misnomer, not because the agreements aren’t smart, but because most of them aren’t contracts. Most transactional “smart contracts” are quasi, or implied contracts, lacking the elements of Read More …
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One of the biggest challenges for lawyers in the blockchain space is getting our minds around how the technology works without getting lost in a sea of jargon. Fortunately, the common law itself provides a useful analogy for how distributed Read More …