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55 Tex. Int'l L. J. 373 (2019-2020)
Do Blockchain Technologies Make Us Safer? Do Cryptocurrencies Necessarily Make Us less Safe?

handle is hein.journals/tilj55 and id is 403 raw text is: 










      Do Blockchain Technologies Make Us

    Safer? Do Cryptocurrencies Necessarily

                        Make Us Less Safe?


                                SARAH   JANE   HUGHES*


                                         Abstract


This essay is based on a presentation made on January 24, 2020 at the invitation of the Texas
Journal of International Law and the Strauss Center for National Security at the University
of Texas. That presentation focused on the two questions mentioned in the title of this essay
- Do Blockchain  Technologies Make  Us Safer?  And Do  Cryptocurrencies Necessarily Make
Us Less  Safe? The essay presents answers to the two questions: yes  and probably yes.
This essay begins with some  level-setting on diferent types of blockchain technologies and
of cryptocurrencies, and gives some background  materials on global and national responses
to certain  cryptocurrencies, such as  El Petro  sponsored  by  Venezuela's  PDVSA and
Facebook's  Libra.












       Sarah Jane Hughes is the University Scholar and Fellow in Commercial Law at the Maurer School of Law,
Indiana University, Bloomington, Indiana. She served as the Reporter for the Uniform Law Commission's
Uniform Regulation of Virtual-Currency Businesses Act (2017) and the Uniform Supplemental Commercial Law
for the Uniform Regulation of Virtual-Currency Businesses Act (2018).
     Support for this paper came from the Maurer School of Law and from the Program on Financial Regulation
& Technology, Law & Economics Center, George Mason University's Antonin Scalia School of Law. Research
for this essay was completed on January 21, 2020.
     Professor Hughes thanks the editors of the Texas International Law Journal and the Strauss Center for
International Law and Security at the University of Texas for the invitation to participate in their January 2020
conference. Commenters included Professos Thomas Vartanian and Robert Ledig of the Antonin Scalia School of
Law, Julie Hill of the University of Alabama Law School, Lawrence J. Trautman of Western Carolina University-
College of Business;Elizabeth Rosenberg, Center for New American Security; Peter A. Wayner, technology author
and programmer; Brian Brooks, formerly of Coinbase, Inc.; and Richard Levin of Polsinelli, LLP. Despite their
helpful comments, she claims all errors in this essay are my own.


373

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