Continuing the look into the use of Bitcoin (BCH) as money we look at the legal definition of “money”. In particular in this piece, I will look at money under the Australian law, and later take...
Bitcoin is money, but it is also a ledger, a commodity and a token. It is all these things and more. The issue is not which one of these we need to define Bitcoin, but, which one defines Bitcoin...
In the world of Bitcoin there are many false narratives and myths. This started with the myth of decentralisation. In this, the false idea that all users are required to run a node was promoted to...
First, we need to note that Bitcoin is an economic system and in economics, incentives and intent matter. The loss of an address is not the same as intentionally destroying keys. For a start, the...
Right now, disk storage doubles each year in capacity. CPU power doubles each 18 months. Fibre speeds and capacity double each 9 months. This is exponential growth in a wide scale. This is the...
The main advantage to a system’s engineering approach is the ease with which it can be automated. Various inputs and formula can become inputs into a neural network algorithm (Fig. 1). Equations...
In law, when presenting evidence to a court, there exists a rule on the exclusion of hearsay as evidence. Before admitting evidence, a court will generally ensure that it is both the relevant to...
There are a number of specialist topics in organisational OPSEC and concepts that need to be defined before going into detail. These include: Trusted Computer Base (TCB). The totality of...
There is a definitional distinction between the legal use of the term “non-repudiation” and the common use that has taken hold within IT. In legal terminology an alleged signatory to a document is...
Some time ago Hilary E Pearson (1996) noted that, “in many cases, liability will depend upon how a court faced with a case of first impression analogizes a particular Internet service provider to...