Angela Walch
@angelawalch.substack.com
Worst-Case Scenario-ist | OG Crypto Realist | Angela Walch newsletter | Advisor of Governments | Fmr Law Prof | The Protocol System Experience
http://angelawalch.substack.com
angelawalch.com
http://angelawalch.substack.com
angelawalch.com
This is what happens when you ‘win’ favorable legal treatment by buying it.
It lacks legitimacy & therefore longevity.
It lacks legitimacy & therefore longevity.
April 23, 2025 at 2:08 PM
This is what happens when you ‘win’ favorable legal treatment by buying it.
It lacks legitimacy & therefore longevity.
It lacks legitimacy & therefore longevity.
By the way, this also holds true for any beneficial rules he bestows on favored groups (ahem, crypto).
The administration’s positions can shift with the wind.
If you are relying on them to make big decisions about the future, you are building on shifting sands.
The administration’s positions can shift with the wind.
If you are relying on them to make big decisions about the future, you are building on shifting sands.
April 23, 2025 at 2:08 PM
By the way, this also holds true for any beneficial rules he bestows on favored groups (ahem, crypto).
The administration’s positions can shift with the wind.
If you are relying on them to make big decisions about the future, you are building on shifting sands.
The administration’s positions can shift with the wind.
If you are relying on them to make big decisions about the future, you are building on shifting sands.
I’ve been working on this for a while.
April 20, 2025 at 10:12 PM
I’ve been working on this for a while.
Thank you so much. Well, it feels like the delayed culmination of events.
April 18, 2025 at 12:56 AM
Thank you so much. Well, it feels like the delayed culmination of events.
Anyway, though my thoughts about money, society, & risk have of course shifted as I have learned more over the years, I think my intuitions from way back when were pretty solid, & I hope to make them useful now.
April 18, 2025 at 12:37 AM
Anyway, though my thoughts about money, society, & risk have of course shifted as I have learned more over the years, I think my intuitions from way back when were pretty solid, & I hope to make them useful now.
And suddenly, I was a crypto, risk, & governance scholar for a decade.
(Though my crypto work was under the same broad umbrella of money, governance, & risk.)
(Though my crypto work was under the same broad umbrella of money, governance, & risk.)
April 18, 2025 at 12:37 AM
And suddenly, I was a crypto, risk, & governance scholar for a decade.
(Though my crypto work was under the same broad umbrella of money, governance, & risk.)
(Though my crypto work was under the same broad umbrella of money, governance, & risk.)
Here it is:
papers.ssrn.com/sol3/papers....
The Bitcoin Blockchain as Financial Market Infrastructure: A Consideration of Operational Risk
papers.ssrn.com/sol3/papers....
The Bitcoin Blockchain as Financial Market Infrastructure: A Consideration of Operational Risk
Page Cannot be Found
https://papers.ssrn.com/sol3/papers.cf…
April 18, 2025 at 12:37 AM
Here it is:
papers.ssrn.com/sol3/papers....
The Bitcoin Blockchain as Financial Market Infrastructure: A Consideration of Operational Risk
papers.ssrn.com/sol3/papers....
The Bitcoin Blockchain as Financial Market Infrastructure: A Consideration of Operational Risk
But now the clock was really ticking & the tenure committee wanted to know what I had to show for myself.
And I also had a 3rd baby.
My paper on Bitcoin, governance, software, & risk was accepted for publication by a law-adjacent journal from NYU in March 2015. Whew.
And I also had a 3rd baby.
My paper on Bitcoin, governance, software, & risk was accepted for publication by a law-adjacent journal from NYU in March 2015. Whew.
April 18, 2025 at 12:33 AM
But now the clock was really ticking & the tenure committee wanted to know what I had to show for myself.
And I also had a 3rd baby.
My paper on Bitcoin, governance, software, & risk was accepted for publication by a law-adjacent journal from NYU in March 2015. Whew.
And I also had a 3rd baby.
My paper on Bitcoin, governance, software, & risk was accepted for publication by a law-adjacent journal from NYU in March 2015. Whew.
It turned out that I couldn’t write a straight application of law to Bitcoin either. My brain can’t bear to do straight law.
April 18, 2025 at 12:33 AM
It turned out that I couldn’t write a straight application of law to Bitcoin either. My brain can’t bear to do straight law.
In spring 2014, I presented a paper on the governance of bitcoin and the function of software developers as fiduciaries. Again, people were like, what is she talking about?
April 18, 2025 at 12:32 AM
In spring 2014, I presented a paper on the governance of bitcoin and the function of software developers as fiduciaries. Again, people were like, what is she talking about?
Again, though, what interested me were the people aspects of bitcoin, what people said it did, what it actually did, who the people were who were running it and how they might be accountable if the project harmed others.
April 18, 2025 at 12:32 AM
Again, though, what interested me were the people aspects of bitcoin, what people said it did, what it actually did, who the people were who were running it and how they might be accountable if the project harmed others.
And the pressure to publish was on.
Having learned about bitcoin in fall 2011, I was very interested in why people were viewing it as a new form of money. So I dug in, hoping to come up with a paper relating law to bitcoin.
Having learned about bitcoin in fall 2011, I was very interested in why people were viewing it as a new form of money. So I dug in, hoping to come up with a paper relating law to bitcoin.
April 18, 2025 at 12:23 AM
And the pressure to publish was on.
Having learned about bitcoin in fall 2011, I was very interested in why people were viewing it as a new form of money. So I dug in, hoping to come up with a paper relating law to bitcoin.
Having learned about bitcoin in fall 2011, I was very interested in why people were viewing it as a new form of money. So I dug in, hoping to come up with a paper relating law to bitcoin.
With 2 kids under 3, all new course preps, and there being little to no academic literature on money in the law, I could not pull off the paper conversion.
April 18, 2025 at 12:22 AM
With 2 kids under 3, all new course preps, and there being little to no academic literature on money in the law, I could not pull off the paper conversion.
I developed & taught a seminar on the Law of Money in Spring 2013, including a unit on Bitcoin.
I wrestled with how to make the dollar collapse paper into a *law* paper so that I could publish it in a law journal (which would be the only way for it to ‘count’ for tenure purposes).
I wrestled with how to make the dollar collapse paper into a *law* paper so that I could publish it in a law journal (which would be the only way for it to ‘count’ for tenure purposes).
April 18, 2025 at 12:20 AM
I developed & taught a seminar on the Law of Money in Spring 2013, including a unit on Bitcoin.
I wrestled with how to make the dollar collapse paper into a *law* paper so that I could publish it in a law journal (which would be the only way for it to ‘count’ for tenure purposes).
I wrestled with how to make the dollar collapse paper into a *law* paper so that I could publish it in a law journal (which would be the only way for it to ‘count’ for tenure purposes).
So, I put together the above research paper for my job talk to the faculty @StMarys_Law and presented it in January 2012. It was a totally out-there paper, taking seriously the possibility of a US dollar collapse, & really had little to do with law, but I was hired.
April 18, 2025 at 12:19 AM
So, I put together the above research paper for my job talk to the faculty @StMarys_Law and presented it in January 2012. It was a totally out-there paper, taking seriously the possibility of a US dollar collapse, & really had little to do with law, but I was hired.
I continued to read & learn more about money as a phenomenon, & when I decided to apply for a law professor position in fall 2011, the only area that I was interested in researching was money (from a sociological/philosophical perspective).
April 18, 2025 at 12:18 AM
I continued to read & learn more about money as a phenomenon, & when I decided to apply for a law professor position in fall 2011, the only area that I was interested in researching was money (from a sociological/philosophical perspective).