in

Blockchain Governance 105: International Law | by CleanApp | Crypto Law Review

The block-by-block “consensus building” process was also the construction of the Berlin Wall, block-by-block; and block-by-block guerrilla “activist cleansing” campaigns, block-by-block.

It’s easy to let the purr-like sound of crypto “hashing” drown out the real-world “hushing” of political dissent.

International law enabled & enables this too.

Ultimately, “governance” is the set of rules that determine who’s inside looking out, and who’s outside looking in.

This may seem like an obvious point, but we need to say it in order to appreciate the governance mechanics that make both CryptoLaw & IL tick (& fail).

From Roman times to medieval Catholic orders, from John Wick’s Continental to the august halls of the United Nations, the sanction of expulsion is one of the most effective law en-force-ment mechanisms ever conceived.

© source — https://redheadedtshirts.com

Just ask Alex Jones. Or Julian Assange. Or Edward Snowden. Or Chelsea Manning.

In the end, it doesn’t matter how much coin you have if you can’t enjoy it in the company of friends who helped you earn it.

This is why in CryptoLaw & IL, the only [social] “Law” that matters is the law of gravitas.

With so much apparent subjectivity and indeterminacy, how does international law avoid all out war? How does IL balance the needs of so many actors advancing so many different political agendas?

We offer three inter-related answers, mindful that there are many more —

(1) without an over-arching enforcement authority, IL governance is largely a function of network effects (good news);

(2) a very “effective” short-term governance tactic for balancing the needs of different actors with many unpalatable political agendas is to simply deny those actors governance rights through clever legal doctrines like “standing,” “elision,” “traceability,” etc. (bad news);

(3) IL & CryptoLaw dampen the costs of insider and outsider attacks by continuously broadcasting the strength of the “community,” and opening many formal re-admission and advancement opportunities, even to those who faced temporary eviction or momentary self-exile (good/bad news).

Network effect (applied to CryptoLaw & IL): A network effect is the positive effect that every additional network participant adds to the overall value & efficiency of a given network.

Compliance is not just about many sticks coming at actors from many different unexpected quarters. It’s also about sizable benefits that accrue to actors who contribute to the well-being of the “international community.”

Next, while different “compliance pulls,” “reputational costs,” “spotlight effects,” “identity values” are important, we should also realize that they’re simply different ways of talking about proximity to power — one’s insider v. outsider status.

What do you think?

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

EXPOSED: Tesla lost its carbon credits market in Europe so it’s trying to create a renewable credits market by attacking Crypto mining

Any one interesting NNDM?