Author

Topic: public policy: blockchain exemption (Read 777 times)

hero member
Activity: 546
Merit: 500
July 06, 2013, 10:20:44 AM
#1
hello, currently laws related to currencies are based on fiat economies and the ways fiat is transferred

these methods of commerce have no one-to-one relationship with how commerce is done in a blockchain based economy, and the way information about transactions is disseminated


perhaps existing legislation could address this by making a distinction between fiat based economies and blockchain based economies.

For instance, eventually almost everyone will have transacted with a convicted criminal with illicit funds in a blockchain address. In a fiat based economy there is no visible link but if there was a direct link you too could be implicated with the criminal in some jurisdictions. With a blockchain, using this logic, everyone could be implicated, blockchain just needs to be exempt from this logic

Jump to: