¿Blockchains will matter crucially this book beautifully and clearly written for a wide
audience powerfully demonstrates how.¿¿Lawrence Lessig ¿Attempts to do for blockchain what the
likes of Lawrence Lessig and Tim Wu did for the Internet and cyberspace¿explain how a new
technology will upend the current legal and social order¿ Blockchain and the Law is not just a
theoretical guide. It¿s also a moral one.¿¿Fortune Bitcoin has been hailed as an Internet
marvel and decried as the preferred transaction vehicle for criminals. It has left nearly
everyone without a computer science degree confused: how do you ¿mine¿ money from ones and
zeros? The answer lies in a technology called blockchain. A general-purpose tool for creating
secure decentralized peer-to-peer applications blockchain technology has been compared to
the Internet in both form and impact. Blockchains are being used to create ¿smart contracts ¿
to expedite payments to make financial instruments to organize the exchange of data and
information and to facilitate interactions between humans and machines. But by cutting out the
middlemen they run the risk of undermining governmental authorities¿ ability to supervise
activities in banking commerce and the law. As this essential book makes clear the
technology cannot be harnessed productively without new rules and new approaches to legal
thinking. ¿If yoüdon¿t `get¿ crypto this is the book-length treatment for you.¿ ¿Tyler Cowen
Marginal Revolution ¿De Filippi and Wright stress that because blockchain is essentially
autonomous it is inflexible which leaves it vulnerable once it has been set in motion to
the sort of unforeseen consequences that laws and regulations are best able to address.¿ ¿James
Ryerson New York Times Book Review
