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Bitcoin Digital Law: Why Cryptocurrencies are Digital Laws of the Internet Jurisdiction and Why States Must Adapt by Ignacio J. Ferrer-Bonsoms Hernández, Íñigo Coello de Portugal

Bitcoin Digital Law: Why Cryptocurrencies are Digital Laws of the Internet Jurisdiction and Why States Must Adapt

by Ignacio J. Ferrer-Bonsoms Hernández , Íñigo Coello de Portugal
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Book cover type: Hardcover
  • ISBN13: 9791399037340
  • Binding: Hardcover
  • Subject: N/A
  • Publisher: Books Central
  • Publisher Imprint: Books Central
  • Publication Date:
  • Pages: 276
  • Original Price: USD 24.99
  • Language: English
  • Edition: N/A
  • Item Weight: 540 grams
  • BISAC Subject(s): Bitcoin & Cryptocurrencies

Bitcoin, Ethereum, Uniswap or Tether are not just digitals currencies. Bitcoin is pure law. Since the emergence of the blockchain, it is possible to regulate ourselves in a decentralized, private way, with a law that is digital, self-regulating and self-executing.

Likewise, states, elites and official organizations repeat over and over again the same message from various platforms: Bitcoin is unregulated, it is only good for dirty business, it is merely speculative, etc. While we listen to these slogans, the price of Bitcoin continues to rise, unstoppable.

We are witnessing the birth of a new law: internet law. Every era has its own legal system. Property law arose out of the settlement of agricultural societies. Commercial law was born in the Middle Ages. Corporate law flourished in the 17th century, thanks to the maritime mercantile business. Labour law appeared among the assembly lines of the factories of the Industrial Revolution. Digital laws, such as Bitcoin, are those of internet jurisdiction.

Internet technology allows us to be sovereign, to issue digital laws in a decentralized way, and to organize ourselves through new institutions. It is our responsibility to seek social and legal solutions in line with the internet revolution. This is the message that Bitcoin gives us: let's not leave in the hands of distrustful third parties what we can solve from the community itself. Money and law, in the end, belong to society - to the community - and not to states.

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