Bitcoin, Blockchain Hype v Reality
with Angela C. Walch
2017 was heralded as the year of Bitcoin and Blockchain Technology, only to be greeted in the new year with a major drop in Bitcoin value.
What is the substance behind the hype?
- What is Bitcoin and Blockchain?
- What is its promise?
- What are its dangers?
- Is blockchain truly immutable?
- What are its uses outside of currency?
- What about privacy implications?
- Should regulators step in?
Should they regulate technology or conduct?
For background on Bitcoin, see our 2014 Backgrounder and The Rise and Fall and Rise of Virtual Currencies Talking Bit with Pace University Law Professor David Cohen.
Angela C. Walch
Walch is an Associate Professor at St. Mary’s University School of Law. Her research focuses on money and the law, blockchain technologies, governance of emerging technologies and financial stability. She is a Research Fellow of the Centre for Blockchain Technologies of University College London. She has presented her research at Harvard Law School, University College London and with the Modern Money Network at Columbia Law School, among others. Her work on blockchain technologies has appeared in the NYU Journal of Legislation & Public Policy and in American Banker.
Walch was nominated for “Blockchain Person of the Year” for 2016 by Crypto Coins News for her work on the governance of blockchain technologies and her influential article in American Banker arguing that the coders and miners of public blockchains should be treated as fiduciaries.
Prior to joining the faculty at St. Mary’s, Walch practiced corporate law at the firm of Ropes & Gray in Boston, for which her practice included venture capital, life sciences and emerging companies work. After Ropes & Gray, she served as an attorney in the Office of the General Counsel at Harvard University. While at Harvard, she advised on general transactional matters and federal grants for international projects.
Walch also practiced transactional law in London, where she worked in-house for Sainsbury’s (a large British supermarket chain) and served as general counsel for Brand Events, a venture-backed consumer events company that produced premier events (Taste of London, Top Gear Live) around the world.
Blockchain’s Treacherous Vocabulary: One More Challenge for Regulators, Journal of Internet Law, (August 2017).
Call Blockchain Developers What They Are: Fiduciaries, American Banker, August 9, 2016.
John Camdir, Angela Walch: 3 Risk Factors to Consider Before Replacing Existing Financial Infrastructure With Bitcoin Blockchain Technology, Bitcoin Magazine, March 29, 2016.
The Bitcoin Blockchain as Financial Market Infrastructure: A Consideration of Operational Risk, 18 New York University Journal of Legislation & Public Policy 837 (2015).
St. Mary’s University School of Law
St. Mary’s University School of Law is the oldest Catholic law school in the Southwest. St. Mary’s Law faculty includes nationally known subject-area experts, scholars and practitioners, some of whom have served as Fulbright Scholars as well as former United States Supreme Court and White House Clerks and Fellows. The St. Mary’s University School of Law is a state-of-the-art practice facility for the school’s advocacy programs as well as housing visiting courts that occasionally hear oral arguments on campus.
- Jan 24 – Jeffrey Greenbaum Frankfurt Kurnit Klein & Selz
FTC Crackdown on Influencers
- Feb 7 – Ann Ravel, Fmr Chair, Federal Elections Commission
Regulating Online Political Ads