Today (depending on where on earth you are) is the 10th anniversary of the release of the Bitcoin whitepaper.
I invite my tech-oriented friends, lawyers, and economists to carefully read it at least once and to contribute to bettering the Bitcoin network. As far as I am concerned, bitcoin is one of the most promising experiments in money in our lifetime, however, it is a work-in-progress and needs more and more dedicated contributors with diverse backgrounds to overcome its imperfections.
For our part, I and my coauthor have tried to shed some light on some of its idiosyncratic features and raise awareness among regulators to help them view Bitcoin as an evolving, work-in-progress, open-source protocol that warrants a nuanced light-touch regulatory approach which is data dependent, defers to the virtues of experimentation, spontaneous discovery process and evolutionary dynamics in the financial system.
For now, I raise my hat for bitcoin’s spectacular success in its first decade and salute Satoshi for his/her/their ingenious work.
PS: Stay tuned! Within a few days, our new paper on central banks and the regulation of cryptocurrencies may see the light of day. More is forthcoming within the next few months.
