The nature of open protocols and standards is that they can be used to do illegal things. HTTP is regularly used for illegal activity. This does not make HTTP b

The nature of open protocols and standards is that they can be used to do illegal things. HTTP is regularly used for illegal activity. This does not make HTTP bad. I agree that what we're doing is at a legal frontier. Existing laws like CDA and DMCA are not set up to handle blockchain. That's why we've worked closely with lawyers from the very beginning. While we don't publicly share the advice we've received from our retained council (Perkins Coie), you're welcome to look at this memo drafted by the pro bono Cardozo law clinic on our behalf: https://drive.google.com/file/d/0B2oudj04lCTJOFZ5V1g5dG9tR2NrWGlYWU1ldVFpZ3EyZlNj/view https://drive.google.com/file/d/0B2oudj04lCTJOFZ5V1g5dG9tR2N... Finally, LBRY is both a protocol and a corporation, just like BitTorrent is. We try to say LBRY Inc. when referring to the corporation and when simply saying LBRY is ambiguous.