Greetings,
Today I am announcing the formation of the Consortium of Decentralized Applications (CODA) (
http://www.coda.co), but first, some background;
I am Matthew Elias and I founded the world's first cryptocurrency legal advocacy organization back in 2012. You can read more about me and that project at:
http://www.linkedin.com/in/matthewdehttps://bitcointalk.org/index.php?topic=76216.0Bitcoin has grown exponentially since that time and now faces very near-term challenges which were once viewed as theoretical. Among these challenges are those stemming from uses of the Bitcoin blockchain which allow for the distributed exchange of digital assets, the creation and exchange of smart property, and user currencies among other uses. Although Bitcoin has the ability to implement several of these features itself, many of these features are considered highly experimental, and the required testing of edge cases would be onerous for core-devs whose focus is otherwise occupied. Thus, we can think of decentralized applications as layers sitting on top of the Bitcoin protocol, implementing new and experimental features, but retaining the security and certainty the Bitcoin network provides without the need for mining or any type of traditional "alt-coin". For more on this topic please see
https://github.com/DavidJohnstonCEO/DecentralizedApplications and
https://www.youtube.com/watch?v=_qdr_Z3hrqQThe Bitcoin Foundation was able to promptly and effectively respond when it received a cease and desist letter from the California Dept. of Financial Institutions earlier this year (letter:
http://www.scribd.com/doc/149335233/CA-State-Cease-and-Desist-May-30#page=1z) (response:
http://www.scribd.com/doc/151346841/Bitcoin-Foundation-Response-to-California-DFI). On that basis, the charge of the CODA will be to 1. Insulate non-profits associated with decentralized applications from regulatory overreach, and 2. Provide legal frameworks and guidelines for future decentralized applications implementing novel feature sets. Through collaboration with the Bitcoin Foundation and the Digital Asset Transfer Authority we aim to foster growth and regulatory clarity for decentralized applications.
We now seek the contribution of attorneys and policy aficionados alike to build a world class resource capable of assisting decentralized application initiatives globally. Please see below to contribute:
Google Group:
https://groups.google.com/forum/#!forum/consortiumofdecentralizedappsDomain Name:
http://www.coda.co Email me:
matt@coinjudge.comSchedule a call/Skype/Hangout:
http://www.meetme.so/MattEliasThanks,
Matt
edit: reflecting name change
