Bitcoin is reconstructing the current law system of human society

[sapnu]

We cannot deny how powerful bitcoin became over the years yet its capability to make differences in the world is still far from improving or be declared. The current law system will only be bent by those who are in authority and if democratic, the citizens has the power to protest about that. Nevertheless, bitcoin would still make a huge impact in the future as it enters and introduces us to a new monetary system. We should be hopeful hence reasonable and logical with our declaration if we don't bitcoin to be misinterpreted by other people.

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[Saidasun]

It turns clearer and clearer that there’s already no single strength has the ability to control or eliminate Bitcoin in that Bitcoin has grown to be an important component of human civilization. With underlying technology and mathematical algorithm, Bitcoin proves to be a just and decentralized currency. Every time human society attempts to ban Bitcoin, it comes back with fiercer strength. At last, what changed is human society and government, not Bitcoin. Human governments cannot prohibit Bitcoin, they adjust to it by making laws.

I am not sure I agree with this instead I would say that there is no real benefit or incentive for anyone to want to destroy Bitcoin. The governments could probably make it very hard for its citizens to invest in Bitcoin and use it which would effect the adoption rate but they do not have any incentive to do it and it creates additional revenue for them because they tax it.

[tiCeR]

As is mentioned earlier, the creation of Bitcoin involves the cream of almost all human subjects, including social science and natural science. It’s a grand knowledge system. We can think what effect Bitcoin has left for the globe from varied angles. Personally, Bitcoin is changing the world comprehensively. Now, let’s reflect on how Bitcoin affects the law system. I suppose Bitcoin is reconstructing the law system of human society in an all-round way.

As far as I’m concerned, the largest modification of Bitcoin is made in law system compared with other facets of human society because governments of diversifies levels are legislating for Bitcoin, such as the constitution, civil law, criminal law, securities law, tax law, investment law and money-laundering law. In the past few centuries, no one single thing has ever incurred legislation from governments like Bitcoin in commercial civilization. Some countries define Bitcoin as property; some define it as currency; some define it as an illegal thing; some even do intensive legislation for Bitcoin. Especially El Salvador, by treating Bitcoin as its legal tender, unveiled the prologue for Bitcoin to transform from illegal asset to mainstream currency. That’s a small step in human history, yet a big one in human civilization.

It turns clearer and clearer that there’s already no single strength has the ability to control or eliminate Bitcoin in that Bitcoin has grown to be an important component of human civilization. With underlying technology and mathematical algorithm, Bitcoin proves to be a just and decentralized currency. Every time human society attempts to ban Bitcoin, it comes back with fiercer strength. At last, what changed is human society and government, not Bitcoin. Human governments cannot prohibit Bitcoin, they adjust to it by making laws.

So why do I take Bitcoin’s reconstructing human law system that seriously? Let’s take a look at the essence of law first.

As we all know, law exists in all corners of human society, which would fall out-of-order and civilization would be out of the question without the restraint from laws. The consensus among different subjects in the contemporary civilization system are reached through the establishment and application of laws. Yes, law is for the restraint of human consensus. The changed law system because of Bitcoin indicates the fact that the consensus of human society is constantly changing as well. The birth of new consensus means the appearance of new human civilization. That process won’t get finished overnight and that’s irreversible.

These are my opinions. How about you?

I agree with a lot of things you are saying here, but don't underestimate the power of governments. Just take regimes like the Chinese one, if they want to give their citizens a hard time being involved with Bitcoin, they certainly can and will. China wants a currency they can control at will and also use it to surveil their people. They are not interested in a decentralized currency people use as a safe have to escape fiat systems. 

[RainbowKun]

You're overrating bitcoin as it is, it's not the cure all or the holy grail that will advance our civilization to become a type 2 civilization, and in that scale, bitcoin is pretty much a primitive invention. Also, it's kind of funny that you are saying this because how does bitcoin exactly change the laws, will it be able to change the laws regarding genocide, murder and human trafficking?

it would be too much to say that bitcoin is currently reconstructing human law. bacause nothing much changed, bitcoin just changed the system in the financial industry and for other aspects normal. it's just a transition from centralized to decentralized.

Rome wasn't built overnight !!!

The concept you are trying to speak is too complex so that it is a kind of threat that should be removed by spreading an uncontextual understanding. how a Satoshi has such a complicated digestion to present bitcoins in this kind of context. you need to straighten that all this is just a simple system.
You don't need to get us into the Bitcoin concept too complicated and verbose. hedge and you can double it all, but not overnight. we are in the modern zone and not in the ancient Greek civilization which said the king Pharaoh built pyramid palaces.

It turns clearer and clearer that there’s already no single strength has the ability to control or eliminate Bitcoin in that Bitcoin has grown to be an important component of human civilization. With underlying technology and mathematical algorithm, Bitcoin proves to be a just and decentralized currency. Every time human society attempts to ban Bitcoin, it comes back with fiercer strength. At last, what changed is human society and government, not Bitcoin. Human governments cannot prohibit Bitcoin, they adjust to it by making laws.

I am not sure I agree with this instead I would say that there is no real benefit or incentive for anyone to want to destroy Bitcoin. The governments could probably make it very hard for its citizens to invest in Bitcoin and use it which would effect the adoption rate but they do not have any incentive to do it and it creates additional revenue for them because they tax it.

Here, let me answer your questions together. I see a lot of friends saying, "Bitcoin is reconstructing the laws of human society", this statement may be a bit exaggerated. But what I want to say is that this is what is happening. Now more and more countries have begun to legislate against Bitcoin and cryptocurrencies. Now the government's judicial system has changed. Some laws directly prohibit Bitcoin, some laws define Bitcoin as an asset, and some laws define Bitcoin as a currency. This is what is happening every day. At the same time, I believe that after some countries ban Bitcoin, they will eventually find that Bitcoin cannot be banned. Instead, they will change their laws to adapt to the existence of Bitcoin. Now we only see what has happened in the past 12 years. Can you imagine what changes Bitcoin will bring to mankind in the next 20 years? If we look at today’s article from the perspective of the next 20 years, do you still think Is it exaggerated?
I am communicating with you about Bitcoin. My view has always been that Bitcoin was born first, then blockchain was born, and finally, today's crypto world was formed step by step. The construction of the crypto world is guided by the decentralized thoughts behind Bitcoin. So, many times I talk about Bitcoin. It refers not only to Bitcoin itself, but also to the thoughts behind Bitcoin. Thoughts are eternal and indelible.

[Dhoe]

bitcoin has given us a lot of freedom of thought, and has made significant changes, as bitcoin goes on, the economy of society has started to improve, so what bitcoin has given us please take care, don't get me wrong, don't make laws that It doesn't make sense, I'm afraid that bitcoin will be misused by irresponsible people..

[tiCeR]

You're overrating bitcoin as it is, it's not the cure all or the holy grail that will advance our civilization to become a type 2 civilization, and in that scale, bitcoin is pretty much a primitive invention. Also, it's kind of funny that you are saying this because how does bitcoin exactly change the laws, will it be able to change the laws regarding genocide, murder and human trafficking?

it would be too much to say that bitcoin is currently reconstructing human law. bacause nothing much changed, bitcoin just changed the system in the financial industry and for other aspects normal. it's just a transition from centralized to decentralized.

Rome wasn't built overnight !!!

The concept you are trying to speak is too complex so that it is a kind of threat that should be removed by spreading an uncontextual understanding. how a Satoshi has such a complicated digestion to present bitcoins in this kind of context. you need to straighten that all this is just a simple system.
You don't need to get us into the Bitcoin concept too complicated and verbose. hedge and you can double it all, but not overnight. we are in the modern zone and not in the ancient Greek civilization which said the king Pharaoh built pyramid palaces.

It turns clearer and clearer that there’s already no single strength has the ability to control or eliminate Bitcoin in that Bitcoin has grown to be an important component of human civilization. With underlying technology and mathematical algorithm, Bitcoin proves to be a just and decentralized currency. Every time human society attempts to ban Bitcoin, it comes back with fiercer strength. At last, what changed is human society and government, not Bitcoin. Human governments cannot prohibit Bitcoin, they adjust to it by making laws.

I am not sure I agree with this instead I would say that there is no real benefit or incentive for anyone to want to destroy Bitcoin. The governments could probably make it very hard for its citizens to invest in Bitcoin and use it which would effect the adoption rate but they do not have any incentive to do it and it creates additional revenue for them because they tax it.

Here, let me answer your questions together. I see a lot of friends saying, "Bitcoin is reconstructing the laws of human society", this statement may be a bit exaggerated. But what I want to say is that this is what is happening. Now more and more countries have begun to legislate against Bitcoin and cryptocurrencies. Now the government's judicial system has changed. Some laws directly prohibit Bitcoin, some laws define Bitcoin as an asset, and some laws define Bitcoin as a currency. This is what is happening every day. At the same time, I believe that after some countries ban Bitcoin, they will eventually find that Bitcoin cannot be banned. Instead, they will change their laws to adapt to the existence of Bitcoin. Now we only see what has happened in the past 12 years. Can you imagine what changes Bitcoin will bring to mankind in the next 20 years? If we look at today’s article from the perspective of the next 20 years, do you still think Is it exaggerated?
I am communicating with you about Bitcoin. My view has always been that Bitcoin was born first, then blockchain was born, and finally, today's crypto world was formed step by step. The construction of the crypto world is guided by the decentralized thoughts behind Bitcoin. So, many times I talk about Bitcoin. It refers not only to Bitcoin itself, but also to the thoughts behind Bitcoin. Thoughts are eternal and indelible.

The idea of decentralization may still need some time to fully enfold. It could be two decades for sure. For now there are many old politicians at the top of most political systems who aren't quite the biggest fans of Bitcoin. Once the next generation takes over political power, that situation might change quickly.

[maxreish]

When people go for the trend, governments always wanted to execute a law regarding that reason of hype like cryptocurrency does.  And I like the way they reconstruct the law system, as technologies are continously progressing, too and cryptocurrency is part of good innovations that human currently use.

If one country revised their law and reconstruct it the way both citizens and government may benefit, then it could have a good impact for the both economy and crypto industry

[Shenzou]

I don't think that the bitcoin it self that is redefining the systems, sure we can say that is a symbol and an example of what systems that we use should be like, the real system that is going to change our lives and should be used to replace all the systems, is the blockchain network, where everything is transparent and all transactions or deals or any interaction between tow or more individuals is visible and verified by everyone, so we eliminate the corruption that is shaded by the systems set by governments.

[RainbowKun]

The idea of decentralization may still need some time to fully enfold. It could be two decades for sure. For now there are many old politicians at the top of most political systems who aren't quite the biggest fans of Bitcoin. Once the next generation takes over political power, that situation might change quickly.

I don't think that the bitcoin it self that is redefining the systems, sure we can say that is a symbol and an example of what systems that we use should be like, the real system that is going to change our lives and should be used to replace all the systems, is the blockchain network, where everything is transparent and all transactions or deals or any interaction between tow or more individuals is visible and verified by everyone, so we eliminate the corruption that is shaded by the systems set by governments.

When people go for the trend, governments always wanted to execute a law regarding that reason of hype like cryptocurrency does.  And I like the way they reconstruct the law system, as technologies are continously progressing, too and cryptocurrency is part of good innovations that human currently use.

If one country revised their law and reconstruct it the way both citizens and government may benefit, then it could have a good impact for the both economy and crypto industry

Yes, Bitcoin's transformation of human society must not be accomplished overnight, but it takes time to accumulate. It is not so much that Bitcoin transforms human society, as it is that human society adapts to the development of Bitcoin. When Bitcoin was born, there was no power to stop and destroy Bitcoin. It has flourished in its own way for 12 years. I believe that in the next 100 years, Bitcoin will continue to exist, so all aspects of our society must adapt to the rules of Bitcoin. Our legal system will also be more open, fair and transparent.

[kryptqnick]

As far as I’m concerned, the largest modification of Bitcoin is made in law system compared with other facets of human society because governments of diversifies levels are legislating for Bitcoin, such as the constitution, civil law, criminal law, securities law, tax law, investment law and money-laundering law. In the past few centuries, no one single thing has ever incurred legislation from governments like Bitcoin in commercial civilization.

How about the emergence of computers and the Internet? Tons of laws had to be written or revised to account for them, too, so Bitcoin isn't unique here.

With underlying technology and mathematical algorithm, Bitcoin proves to be a just and decentralized currency. Every time human society attempts to ban Bitcoin, it comes back with fiercer strength. At last, what changed is human society and government, not Bitcoin. Human governments cannot prohibit Bitcoin, they adjust to it by making laws.

Whether a government can or cannot ban Bitcoin depends largely on two things: how democratic the country's regime is and how much people care about cryptos. If it's an authoritarian North Korea, Bitcoin can totally be banned there. If it's US, it's way harder to do something like this.

As we all know, law exists in all corners of human society, which would fall out-of-order and civilization would be out of the question without the restraint from laws. The consensus among different subjects in the contemporary civilization system are reached through the establishment and application of laws. Yes, law is for the restraint of human consensus. The changed law system because of Bitcoin indicates the fact that the consensus of human society is constantly changing as well. The birth of new consensus means the appearance of new human civilization. That process won’t get finished overnight and that’s irreversible.

The laws should be based on consensus, but they aren't. There's a very limited number of people who write the laws and then vote on them, and the way they vote doesn't always represent the stance of the population. For example, polls show that 91% of US citizens support legality of marijuana, and yet it remains illegal on a federal level.

[lovemycar]

Bitcoin will reconstruct the legal system. This problem seems to have nothing to do with Bitcoin itself. The concept of Bitcoin does not need to be repeated. Many people have the same views. Don't give Bitcoin too much work responsibilities. Bitcoin is very simple.

But it is undeniable that as Bitcoin becomes more and more popular, more application scenarios appear, more sovereign countries recognize, and show very friendly policies, the Bitcoin network will be like the Internet in the 1990s. Bitcoin quietly changes our lives.

The principle of the Bitcoin network is that behind the computing power are miners and users who use computing devices to directly vote for the behavior that is most beneficial to them. One GPU has one vote, fair and reasonable, and childish. There is no representative system, no judges and police. Therefore, the Bitcoin network has essentially completed a radical practice of large-scale direct democracy. Everyone has established a new type of P2P contract with their direct voting rights.

Bitcoin began to spread by tech geeks. The real reason they love Bitcoin is that it not only creates a near-perfect currency, but also designs a system to maintain currency credit. The core of this system is direct democracy. Direct democracy dissolves the coercive contract of the legal tender of sovereign states. I call it the Bitcoin contract.

The economic foundation determines the superstructure. The economic contract of this financial environment will eventually affect the rights contract, and finally extend to the social, ideological, cultural, and so on. The legal system of the existing sovereign state will adapt to the Bitcoin contract.


These are just some of my thinking about Bitcoin. My personal ability is still limited and will not bring any changes. I hope that we will follow Bitcoin to change our lifestyle. Bitcoin is like a beautiful little boy (12 years old) who will gradually become more mature.

[RainbowKun]

Bitcoin will reconstruct the legal system. This problem seems to have nothing to do with Bitcoin itself. The concept of Bitcoin does not need to be repeated. Many people have the same views. Don't give Bitcoin too much work responsibilities. Bitcoin is very simple.

But it is undeniable that as Bitcoin becomes more and more popular, more application scenarios appear, more sovereign countries recognize, and show very friendly policies, the Bitcoin network will be like the Internet in the 1990s. Bitcoin quietly changes our lives.

The principle of the Bitcoin network is that behind the computing power are miners and users who use computing devices to directly vote for the behavior that is most beneficial to them. One GPU has one vote, fair and reasonable, and childish. There is no representative system, no judges and police. Therefore, the Bitcoin network has essentially completed a radical practice of large-scale direct democracy. Everyone has established a new type of P2P contract with their direct voting rights.

Bitcoin began to spread by tech geeks. The real reason they love Bitcoin is that it not only creates a near-perfect currency, but also designs a system to maintain currency credit. The core of this system is direct democracy. Direct democracy dissolves the coercive contract of the legal tender of sovereign states. I call it the Bitcoin contract.

The economic foundation determines the superstructure. The economic contract of this financial environment will eventually affect the rights contract, and finally extend to the social, ideological, cultural, and so on. The legal system of the existing sovereign state will adapt to the Bitcoin contract.


These are just some of my thinking about Bitcoin. My personal ability is still limited and will not bring any changes. I hope that we will follow Bitcoin to change our lifestyle. Bitcoin is like a beautiful little boy (12 years old) who will gradually become more mature.

At present, it is not that Bitcoin is actively changing the legal systems of all countries in the world, but that governments around the world must adapt to the existence of Bitcoin and gradually establish a legal system in which legal tender and Bitcoin coexist. Because everyone slowly discovered that there is no force that can completely eliminate or control Bitcoin. Everyone can only adapt to the existence of Bitcoin.