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Two thoughts. 1) Will this have legal weight? I know that the whole "prove paternity of an invention by sending a certified letter containing the design throug
by spiritplumber 13y ago
Two thoughts.
1) Will this have legal weight? I know that the whole "prove paternity of an invention by sending a certified letter containing the design through the mail, and not opening it until you need it" thing doesn't very much work, if it goes to court you tend to be told "OK, what you say is true in the physical universe, but you did not go through our blessed channels, so nyah nyah nyah".
2) Anything that makes bitcoins more legitimate / part of the world's infrastructure decreases the chance of bitcoin going away as a system. I think the idea for the bitcoin community is to make the system as a whole "too big to fail" before governments decide that they want to get rid of it.
- nwh 13y ago> Will this have legal weight? I doubt it. If I have to fax something for it to be a legal document, such an antiquated system will ignore any advances made around it.
- spiritplumber 13y agoMaybe it's because progress is faster, but I see a growing divergence between the physical world and the legal world. I've seen some post-Occupy hearings in which police brutality that had been proven beyond a doubt by video from multiple camera angles was deemed to "not count". http://opinionator.blogs.nytimes.com/2010/01/11/the-true-answer-and-the-right-answer/ http://opinionator.blogs.nytimes.com/2010/01/11/the-true-ans...
- bjt 13y agoThe law doesn't pretend that signatures and fax machines are magic. Contracts written on bar napkins can be enforced. Any time you introduce evidence, you have to establish its credibility. The first time a signing system like this is used it's likely to take the court some time to understand, but there's no legal doctrine forbidding it. Source: I am a (not practicing anymore) lawyer.
- deleted 13y ago[deleted]