Blockchain Technology and the Law Are Allies, Not Enemies
medium.com
medium.com
Ethereum keeps hard-forking and has thereby undermined its legitimacy. The premise that code is law is central to Blockchains. The necessary corollary is that human-law is irrelevant within the space of outcomes on the Blockchain.
In Bitcoin, no human court can prohibit a transaction from going through, or being valid. Bitcoins cannot be confiscated by fiat. Full stop. Blockchains were designed to create a purer, more mechanical and reliable arbitration than the courts can give.
How about that DAO, eh. https://davidgerard.co.uk/blockchain/the-dao.html
Yes, if it become mainstream enough and if the law adapts.
If not, blockchains are just some dark corner for money laundering.