#53 Are Bitcoin Developers Fiduciaries? Part 1
from Case by Case Hosted by Floyd Zadkovich
Case by Case 53 - do bitcoin developers owe fiduciary duties to users? We think this is one of the most fascinating and interesting pods we've done. Essentially, we are discussing a legal issue here that could re-cast the entire understanding and premise of bitcoin and blockchain based systems. What I love about this discussion is the intersection of new technology and the law. How does the law overlay and cope with a fast developing area of societal life? How should the law regulate the internet? These are questions for our time. And questions that will impact the future significantly. Digital currency owners (ie. users) place tremendous amounts of trust in those running the platforms - far beyond any experience, knowledge or skills that they could typically acquire themselves. Is that not the hallmark of a fiduciary duty ? Absolutely fascinating seeing the English Court of Appeal grapple with these issues on case Tulip Trading Limited (A Seychelles Company) v Bitcoin Association For BSV & Ors [2023] EWCA Civ 83 (03 February 2023) - even if this is only Part 1 in the saga. We really hope you enjoy listening to this one as much as Luke and Calum enjoyed the discussion. Calum and Luke come at this from different angles too! We're very grateful for all our listeners!
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