Papers associated with Bitcoin and related topics in law: Part XIX
The hype given to blockchain-based solutions can lead to false claims of solving problems that are structured differently than the researcher notes.
The hype given to blockchain-based solutions can lead to false claims of solving problems that are structured differently than the researcher notes.
In this report, Dr. Craig Wright examines how Bitcoin and related systems are transforming money and helping with inflation and other social matters.
In this article, Dr. Wright explores the concept of a cypherpunk ethic, including their moral worldview and naïve understanding of law and ethics.
Examining the literature surrounding the perception of blockchain as businesses understand it, Dr. Wright can see that multiple problems in areas like supply chain and accounting can be discerned.
Dr. Wright looked at several papers where the authors are investigating the concept of decentralization. Unfortunately, the authors are taking the argument presented by ‘cypherpunks’ at face value.
In Nadiya et al. analysis, the authors briefly mention SPV, but only in relation to an alternative process called VerSum, which outsources the analysis of blocks to third parties.
Chaisse and Kirkwood summarize a collection of legal cases associated with blockchain, expressing a bias against cases brought against developers, such as those from Tulip Trading Ltd.
Due to the problems with measuring networks, some authors have merely captured and produced representations of a graph network without analyzing the impact of each node.
The concept of a ‘rollback’ attack is referenced when it comes to blockchain solutions and attacks or changes to the system.
In analyzing the growth and scalability of blockchain-based solutions, it is necessary to understand both the value drivers and the ability to create scalable systems.
“Code is law” a mentality has been propagated with regard to electronic cash and blockchain systems despite having been discredited by Timothy Wu, who demonstrated the fallacies of such an approach.
Decentralization has conflicting meanings, and for blockchain to become part of existing accounting and reporting systems, it must shed this deceptive terminology and embrace regulation.