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dc.contributor.authorREIJERS, Wessel
dc.contributor.authorWUISMAN, Iris
dc.contributor.authorMANNAN, Morshed
dc.contributor.authorDE FILIPPI, Primavera
dc.contributor.authorWRAY, Christopher
dc.contributor.authorRAE-LOOI, Vienna
dc.contributor.authorCUBILLOS VELEZ, Angela
dc.contributor.authorORGAD, Liav
dc.date.accessioned2019-01-18T11:04:35Z
dc.date.available2019-01-18T11:04:35Z
dc.date.issued2018
dc.identifier.citationTopoi, 2018, OnlineFirsten
dc.identifier.issn0167-7411
dc.identifier.issn1572-8749
dc.identifier.urihttp://hdl.handle.net/1814/60474
dc.descriptionFirst Online: 17 December 2018en
dc.description.abstractThe invention of Bitcoin in 2008 as a new type of electronic cash has arguably been one of the most radical financial innovations in the last decade. Recently, developer communities of blockchain technologies have started to turn their attention towards the issue of governance. The features of blockchain governance raise questions as to tensions that might arise between a strictly “on-chain” governance system and possible applications of “off-chain” governance. In this paper, we approach these questions by reflecting on a long-running debate in legal philosophy regarding the construction of a positivist legal order. First, we argue that on-chain governance shows striking similarities with Kelsen’s notion of a positivist legal order, characterised by Schmitt as the machine that runs itself. Second, we illustrate some of the problems that emerged from the application of on-chain governance, with particular reference to a calamity in a blockchain-based system called the DAO. Third, we reflect on Schmitt’s argument that the coalescence of private interests is a vulnerability of positivist legal systems, and accordingly posit this as an inherent vulnerability of on-chain governance of existing blockchain-based systems.en
dc.description.sponsorshipThis research is funded by the European Research Council (ERC) under the European Union’s Horizon 2020 Research and Innovation Programme (Grant Agreement No 716350) 'Global Citizenship Law'en
dc.format.mimetypeapplication/pdf
dc.language.isoenen
dc.publisherSpringer Verlagen
dc.relationinfo:eu-repo/grantAgreement/EC/H2020/716350/EUen
dc.relation.ispartofseries[Global Governance Programme]en
dc.relation.ispartofseries[Global Citizenship Governance]en
dc.relation.ispartofseries[Global Citizenship]en
dc.rightsinfo:eu-repo/semantics/openAccessen
dc.subject.otherDigital citizenship
dc.subject.otherConstitutional identity
dc.titleNow the code runs itself : on-chain and off-chain governance of blockchain technologiesen
dc.typeArticleen
dc.identifier.doi10.1007/s11245-018-9626-5
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