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Offline cryptillionaire

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How legal are DACs around the world?
« on: September 14, 2014, 01:32:40 AM »

I'm really interested in crypto, but i'm uncertain where the evolution of cryptos and DACs is going in terms of legal status in countries - like some countries have banned bitcoin, have any got a negative stance on bitshares/other DACs whilst they're accepting of bitcoin?

Are delegates going to run into the risk of suffering the same fate as this guy hosting a proxy server in the uk? http://torrentfreak.com/uk-police-takes-down-proxy-service-over-piracy-concerns-140806/

Do you think delegates should have their servers behind fast vpn connections to hide their locations? Would it be inadvisable to host a delegate server on a cloud computing company based in the USA and Europe (Azure, Amazon, Heroku, etc) and instead host them in where the most volume is for bitshares (china/east asia) in the best area legally?

Anyone else thinking the same and don't know if becoming a delegate is safe?

Offline tonyk

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Re: How legal are DACs around the world?
« Reply #1 on: September 14, 2014, 01:47:42 AM »
I am the legal expert here. (From now on!)

The DAC's are completely legal in the world!

In a world, where no countries exist!

How legal are the legal entities of 'states' / ' country'?;

What is the law that allowed them to exist?

Where is this 'earths constitution' that those states followed  to exist and be  'legal?

« Last Edit: September 14, 2014, 02:01:29 AM by tonyk »
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

Offline GaltReport

Re: How legal are DACs around the world?
« Reply #2 on: September 14, 2014, 01:53:35 AM »

I am the legal expert here. (From now on!)

The DAC's are completely legal in the world!

In the world, where no countries exist!

How legal are the legal entities of 'states' / ' country'?;

What is the law the allowed them to exist?

Where is this 'earths constitution' that those states followed  to exist and be  'legal?

Ha, ha, that's great.   +5%

Offline cryptillionaire

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Re: How legal are DACs around the world?
« Reply #3 on: September 14, 2014, 02:56:04 AM »
I am the legal expert here. (From now on!)

The DAC's are completely legal in the world!

In a world, where no countries exist!

How legal are the legal entities of 'states' / ' country'?;

What is the law that allowed them to exist?

Where is this 'earths constitution' that those states followed  to exist and be  'legal?
http://www.foreignpolicy.com/articles/2008/02/25/how_to_start_your_own_country_in_four_easy_steps
So.. can we register a decentralized autonomous country? Exist everywhere, be bigger than corporations?

What's UN membership entry requirements? https://www.unglobalcompact.org/howtoparticipate/How_To_Apply.html looks like you can register an organization/corporation.


If we needed to have land, we could back it with a decentralized autonomous virtual reality country with the following: https://bitsharestalk.org/index.php?topic=8346.0

Offline tonyk

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Re: How legal are DACs around the world?
« Reply #4 on: September 14, 2014, 03:08:10 AM »
I am the legal expert here. (From now on!)

The DAC's are completely legal in the world!

In a world, where no countries exist!

How legal are the legal entities of 'states' / ' country'?;

What is the law that allowed them to exist?

Where is this 'earths constitution' that those states followed  to exist and be  'legal?
http://www.foreignpolicy.com/articles/2008/02/25/how_to_start_your_own_country_in_four_easy_steps
So.. can we register a decentralized autonomous country? Exist everywhere, be bigger than corporations?

What's UN membership entry requirements? https://www.unglobalcompact.org/howtoparticipate/How_To_Apply.html looks like you can register an organization/corporation.


If we needed to have land, we could back it with a decentralized autonomous virtual reality country with the following: https://bitsharestalk.org/index.php?topic=8346.0

I think your premise are wrong.
There is no UN in the 'earths constitution' ... at least there is no such 'legal' entity prescribed by the 'constitution of the planet'.
The registers do not mention such entity registering itself following the ''earths constitution'  either.
So, whatever high regard you hold for this institution, I am sorry to inform you, but UN has not followed the necessary procedure to establish itself legally as per all requirement of the current 'earth's constitution'.
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

Offline cryptillionaire

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Re: How legal are DACs around the world?
« Reply #5 on: September 14, 2014, 03:18:15 AM »
I am the legal expert here. (From now on!)

The DAC's are completely legal in the world!

In a world, where no countries exist!

How legal are the legal entities of 'states' / ' country'?;

What is the law that allowed them to exist?

Where is this 'earths constitution' that those states followed  to exist and be  'legal?
http://www.foreignpolicy.com/articles/2008/02/25/how_to_start_your_own_country_in_four_easy_steps
So.. can we register a decentralized autonomous country? Exist everywhere, be bigger than corporations?

What's UN membership entry requirements? https://www.unglobalcompact.org/howtoparticipate/How_To_Apply.html looks like you can register an organization/corporation.


If we needed to have land, we could back it with a decentralized autonomous virtual reality country with the following: https://bitsharestalk.org/index.php?topic=8346.0

I think your premise are wrong.
There is no UN in the 'earths constitution' ... at least there is no such 'legal' entity prescribed by the 'constitution of the planet'.
The registers do not mention such entity registering itself following the ''earths constitution'  either.
So, whatever high regard you hold for this institution, I am sorry to inform you, but UN has not followed the necessary procedure to establish itself legally as per all requirement of the current 'earth's constitution'.
Can you elaborate on this "earths constitution"?
How can DACs be integrated into the core of such an idea?

Offline tonyk

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Re: How legal are DACs around the world?
« Reply #6 on: September 14, 2014, 03:56:07 AM »
I am the legal expert here. (From now on!)

The DAC's are completely legal in the world!

In a world, where no countries exist!

How legal are the legal entities of 'states' / ' country'?;

What is the law that allowed them to exist?

Where is this 'earths constitution' that those states followed  to exist and be  'legal?
http://www.foreignpolicy.com/articles/2008/02/25/how_to_start_your_own_country_in_four_easy_steps
So.. can we register a decentralized autonomous country? Exist everywhere, be bigger than corporations?

What's UN membership entry requirements? https://www.unglobalcompact.org/howtoparticipate/How_To_Apply.html looks like you can register an organization/corporation.


If we needed to have land, we could back it with a decentralized autonomous virtual reality country with the following: https://bitsharestalk.org/index.php?topic=8346.0

I think your premise are wrong.
There is no UN in the 'earths constitution' ... at least there is no such 'legal' entity prescribed by the 'constitution of the planet'.
The registers do not mention such entity registering itself following the ''earths constitution'  either.
So, whatever high regard you hold for this institution, I am sorry to inform you, but UN has not followed the necessary procedure to establish itself legally as per all requirement of the current 'earth's constitution'.
Can you elaborate on this "earths constitution"?
How can DACs be integrated into the core of such an idea?

Smoothly I think...
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

Offline tonyk

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Re: How legal are DACs around the world?
« Reply #7 on: September 14, 2014, 04:45:09 AM »
No country, as of today exist, on any other ground other  than:

-Being accepted as a country by the big boys. (i.e. already existing countries).

-Just because its military might is too great, so nobody wants to fight its existence...


What if a tools/ways existed that all people on this planet can vote on:

-The constitution of the planet;
-What entity(ies) - be it country or 'inter country' organization are legal and what authority they have to take/make any decisions on (if any)?
« Last Edit: September 14, 2014, 05:02:56 AM by tonyk »
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

Offline gamey

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Re: How legal are DACs around the world?
« Reply #8 on: September 14, 2014, 07:28:58 AM »
TonyK for President as long as he is imbibing.
I speak for myself and only myself.

Offline xeroc

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Re: How legal are DACs around the world?
« Reply #9 on: September 14, 2014, 09:33:43 AM »
TonyK for President as long as he is imbibing.
had to google translate that one .. but +5%

the issue the OP is referring to is imho .. once you want to interact with the 'countries'  . . i.e. "cashing out"
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Offline arhag

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Re: How legal are DACs around the world?
« Reply #10 on: September 14, 2014, 06:11:26 PM »
No country, as of today exist, on any other ground other  than:

-Being accepted as a country by the big boys. (i.e. already existing countries).

-Just because its military might is too great, so nobody wants to fight its existence...

Pretty much.

What if a tools/ways existed that all people on this planet can vote on:

-The constitution of the planet;

I think people are too divided in their views (at least for now) to come to a consensus on a single constitution to rule over all people of the planet. Maybe the global constitution would be: hey let's all be good to our fellow citizens. But now you have disagreement on what it means to be good and which human beings meet the definition of a citizen. At the end, it all leads back to which entities control the power to enforce the rules. So we likely end up with something like what we have today with different-minded people separated by geographic location, having their own particular ways of organizing themselves and their resources, and defending their way of life from the others using hard and soft power.

Blockchain technology is great, but it is not a panacea for all the problems of the world. Ultimately, the solution requires humans improving themselves and their state of mind over time. However, I do think that the fast, easy, and free exchange of ideas over the internet does help humans reach a better understanding of each other, which then allows us to come together and be more effective as a united group than we ever could be while divided and isolated. And certainly consensus tools can help people accurately verify other people's views in a more precise manner than trying to absorb the consensus through natural language on message boards and forums (which is what really excites me about BitShares Vote).

Offline tonyk

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Re: How legal are DACs around the world?
« Reply #11 on: September 14, 2014, 06:37:06 PM »
TonyK for President as long as he is imbibing.

I have to google translate it too...

And I should say  -I wish I can accuse you of accusing me baselessly...
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

Offline cryptillionaire

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Re: How legal are DACs around the world?
« Reply #12 on: October 09, 2014, 06:02:33 PM »
But really, should delegates be worried about legal issues? What countries would actively pursue legal action against delegates?

Offline maqifrnswa

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Re: How legal are DACs around the world?
« Reply #13 on: October 09, 2014, 06:19:33 PM »
As long as cryptocurrencies are legal in your jurisdiction, and you follow money laundering and tax laws properly, delegates are (as my non-binding non-legal opinion sees them) performing the same service that BTC miners do... signing blocks in exchange for fees. Since no underlying assets are traded, and no contracts/notes are generated or traded, it doesn't seem to fall under any securities regulation.
maintains an Ubuntu PPA: https://launchpad.net/~showard314/+archive/ubuntu/bitshares [15% delegate] wallet_account_set_approval maqifrnswa true [50% delegate] wallet_account_set_approval delegate1.maqifrnswa true

Offline ticklebiscuit

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Re: How legal are DACs around the world?
« Reply #14 on: November 14, 2014, 12:37:05 AM »
All this talk will not keep people out of prison.  Action is needed.  We need a president put into office with cryptocurrency...oh....wait.   8)

 

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