Deconstructing 'Decentralization': Exploring the Core Claim of Crypto Systems
Crypto Assets: Legal and Monetary Perspectives (OUP, Forthcoming)
36 Pages
Posted: 13 Feb 2019
Angela Walch
St. Mary's University School of Law; UCL Centre for Blockchain Technologies
Date Written: January 30, 2019
Abstract
"In stating that ether is not a security, the SEC has suggested that the 'decentralization' of a blockchain system may have legal consequences. This paper examines the common ways 'decentralization' is used in blockchain discourse, arguing that it is generally used to suggest that the systems are resilient and lack concentrated power centers. "
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3326244
Crypto Assets: Legal and Monetary Perspectives (OUP, Forthcoming)
36 Pages
Posted: 13 Feb 2019
Angela Walch
St. Mary's University School of Law; UCL Centre for Blockchain Technologies
Date Written: January 30, 2019
Abstract
"In stating that ether is not a security, the SEC has suggested that the 'decentralization' of a blockchain system may have legal consequences. This paper examines the common ways 'decentralization' is used in blockchain discourse, arguing that it is generally used to suggest that the systems are resilient and lack concentrated power centers. "
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3326244
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