The DAO has been attacked, millions lost and and the Ethereum community is considering a fork to recover the stolen funds. The reaction to this attack will forever change Ethereum.
The proposed soft fork to recover DAO funds may be vulnerable, forcing the community to consider a hard fork. Meanwhile, the community is debating the long-term fallout of both the attack and a fork.
ICOs (Initial Coin Offerings) have become a popular way to fund cryptocurrency projects. What are they, and how do they work?
A hacker has stolen over 30% of The DAO. The community is considering a hard fork to stop the damage, raising issues of security, governance, and political philosophy that underlie cryptocurrency projects.
Can bitcoin be self-regulatory legal tender? A comparative analysis of United States, European Union and Islamic Legal Systems
The thesis provides a comparative overview of US, EU and Islamic legal classifications of Bitcoin as legal tender. Focusing on the volatility and irreversibility issues, the thesis shows that the volatility is caused by external factors and not internal factors of the money. Historically, the thesis shows that these factors are used to be efficiently […]
Banks are information intermediaries. Gone are the days of the merchant dumping a hoard of physical gold into the vaults for safekeeping. Nowadays, if you have ‘£ 350 in the bank’, it merely means the bank has recorded that for you in their data centre, on a database that has your account number and a […]
Bitcoin is a protocol promoted as the first peer-to-peer institution, an alternative to a central bank. The decisions made through this protocol, however, involve no judgment. Could a peer-to-peer protocol underpin an institution that makes normative decisions? Indeed, an extension to the Bitcoin protocol could allow a cryptocurrency to make law. Tacit coordination games, in […]
The enforcement of outcomes in online dispute resolution (ODR) is a delicate problem. Since disputes arising out of e-commerce transactions are typically low in value, the traditional channels of coercive enforcement are often not a viable option. The article argues that the Bitcoin system can be used as a source of inspiration to devise new […]