Think piece: Bitcoin and the English legal system, Part II
Commercial lawyer and ASI Fellow Preston J. Byrne continues to explain why, despite the cries of his inner libertarian, more government involvement in Bitcoin would be a step forward for the cryptocurrency-cum-payment-system, rather than its end.
I should begin by thanking the numerous individuals who privately provided feedback on my proposition that cryptoledgers need law, and therefore the state.
I am pleased to report that the proposition was overwhelmingly opposed, with a few exceptions.
My position, however, remains unchanged. To set the scene for later discussions, I will provide the primary objections and my responses in outline.