Our esteemed special counsel Patrick Murck (who is also a fellow at the Berkman Klein Center for Internet & Society at Harvard University) poses this very question in the Harvard Business Review.

Reviewing the history of blockchain governance from Ethereum’s experience with The DAO and Bitcoin’s hard fork discussions, he warns against mixing up the concepts of law and code, as “code is law for machines, law is code for people.” To truly harness the power of blockchain technology, he argues, “we have to be able to trust the blockchain, and to trust that no one controls it.”

View the full article.

Posted by Josh Garcia

Fintech lawyer specializing in digital currencies, blockchain, payments, and lending.