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Topic: [2016-05-17] Vermont is Close to Passing a Law That Would Make Blockchain... (Read 366 times)

legendary
Activity: 1806
Merit: 1024
Its already "authentic", the gasbags just have to wrap their minds around it and proclaim it so.

So true, but you should not underestimate the transformative power of laws. Since the majority of the population is trained not to think for themselves but instead to abide laws, an official statement of authenticity (even if silly) might get a lot of things moving. In addition there are many cases where public administration enforces acts that deny reality. So an official acknowledgement eliminates the looming danger of being punished for doing freely what is sane and proper...

So even though crypto does not care, it's still a nice move that might facilitate adoption.

ya.ya.yo!

legendary
Activity: 3430
Merit: 3083
Its already "authentic", the gasbags just have to wrap their minds around it and proclaim it so. So now what, we get notaries on the blockchain? We had that back in 2011 or so.

And a great deal more authentic than the system it replaces. Authenticity incarnate versus establishment gasbags? No contest
legendary
Activity: 2408
Merit: 1121
As usual, government lags cryptographic proof.

Its already "authentic", the gasbags just have to wrap their minds around it and proclaim it so. So now what, we get notaries on the blockchain? We had that back in 2011 or so.
full member
Activity: 186
Merit: 100
Cool stuff. This means that it's being accepted right?
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
Vermont is Close to Passing a Law That Would Make Blockchain Records Admissible in Court

A legislative effort in the state of Vermont to recognize blockchain data in the court system is inching closer to completion, and only needs a governor’s signature to become enshrined in law.

Buried inside an economic development bill recently passed by both the Vermont House and Senate is legislative language that, if approved, would make it so that "a fact or record" verified through blockchain technology is "authentic".

http://www.coindesk.com/vermont-blockchain-timestamps-approval/
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