kaal:position:2026-07-31-6062
THE APPLICABLE LAW TO BLOCKCHAIN presents the following source proposition: Blockchain technology, which originated as the basis for the functioning of the cryptocurrency Bitcoin, has today become a key tool for decentralized digital interactions. This proposition is pertinent to Kaal's source-bound claim that Bitcoin does not refute the thesis that money centralizes decentralized projects: hashing power has slowly become concentrated in mining pools until the majority of that power resides in the single country of China. The proposed response is an extension: the relationship should remain limited to the retrieved source proposition and the mapped Kaal claim unless fuller source review supports a broader conclusion.
tokenomicsdecentralizationblockchainhistorical-responsescholarly-literatureopenalex