Bitcoin and Trademark Law

Recently, some people try to change the Bitcoin network rules. They want larger blocks, and call their effort “Bitcoin Unlimited”. Now someone has applied for a trademark on “Bitcoin Unlimited” in the United States. I would link to the appropriate search result, but doing so would result in a link that only works for a … [Read more…]

RFC 1087 “Ethics and Internet” (1989)

Bitcoin may be understood as an Internet protocol. If so, it may be of interest to look at the procedure that was followed for adopting other Internet protocols as a model for responsible governance. Doing this, I found RFC 1087, titled “Ethics and the Internet” and published in 1989. That RFC stated that several activities … [Read more…]

Bitcoin Fee Price Elasticity

This was the topic of a post here in 2014, which got 1 (one) comment. Price elasticity means how much demand will be reduced if price goes up. That’s an important point now. Some people think that Bitcoin fees need to be low or zero, or users will switch to something else, and Bitcoin will … [Read more…]

Unreasonable Bitcoin Expectations

Bitcoin Unlimited backers say that without a quick switch to bigger blocks Bitcoin is doomed and will lose out to competition from altcoins. In their view, on-chain transactions must stay very cheap, as they have been five years ago. And Roger Ver, one of the leading Bitcoin Unlimited backers, expected Bitcoin to assure World Peace, … [Read more…]

Bitcoin Civil War

It will be interesting to see how the next couple of months play out. Whatever happens, there are a couple of positive sides to the situation. For one, we will see if it is possible to change the rules of the Bitcoin network even against considerable resistance. The Japanese Constitution has never been amended. But … [Read more…]

Oil Mining Schedule Altcoin

Can blockchain technology contribute to solving global warming? One existing idea is Solarcoin. This is an altcoin project which sits around $4.2 million market cap right now (rank 62 at this moment). The idea is: People generating solar power can report this to the administrators of Solarcoin. These administrators will send them some solarcoin after … [Read more…]

EU Bitcoin Legislation

Kevin Helms at bitcoin.com reports on developments at the European Parliament on Bitcoin legislation. This may be bad news. A Committee Report on the proposal for revising the money laundering directive was published on March 9. Authors of the document are the Committee on Economic and Monetary Affairs and the Committee on Civil Liberties, Justice … [Read more…]