De Lege Ferenda  is a series. Like the Tauchain Exegesis ,  is. One train of articles.
This is the introductory 'locomotive' article where I attempt to nail down the essential basics. This is nontrivial cause it requires compression of very long stream of thoughts and research. Spanning literally decades. In that sense some of the overcompressed categorical statements are also cognitive ''letters of credit''  or ''promisory notes''  - comprising debt of mine for future separate more detailed explanations to come. I'm afraid this is the only way the theses and conclusions of mine to be expressed in a reader-friendly way. Of course, questions and comments as mutual understanding accelerator are as always more than welcome.
Three ''angles of attack'' , in roman numerals and capitals in pure latin (the lingua franca  of law :) bellow:
Maybe I ,  already tired you with repeating my incantation of:
Law is Between, Code is Within , 
It is quite multi-dimensional in meanings and multi-disciplinary in consequences but here it comes to denote the unavoidability of Law. Rendered down to the most basic physics we currently know:
This is the way and reason why Law is enforceable and Code is executable. And the major categorial difference between them which makes the notion of 'code is law'  utter nonsense, as well as, it seems, also destroys the very basis of the notion of 'smart contracts' . But this belongs to bunch of other series of mine to come ...
Even if it was theoretically possible all effectors  to become one, there'd still be internal uncertainty fragmentation and thus unavoidability of enforcement.
Leaving this head-dizzying fundamental cognitive datum  and heading up across the higher abstraction epistemic layers  we reach the surface to take a swallow of fresh air to:
Nothing, read my lips, NO-THING in crypto or blockchain has ever been or could possible be extralegal.
Cuz there ain't a thing in any blockchain aspect which is not ... physical. Hence beyond the scope of Law.
Blockchain is most probably the arrival of the expected Hanson engine , or Szabo booster , or ultimate Clusivity management tool . Which makes it extremely important domain for proper legal treatment and regulation - both as taxonomy within the existing institutes of Law  - lex lata, and as creation of novel norms to cater it - lex ferenda .
(as a side note: expectedly the novel collective mnemonic technologies knows under the umbrella term of 'crypto' provide positive feedback loop to strengthen the Law, too - Tauchain  seems to promise  the advent of law, at last, as consistent and decidable set of rules, for first time ever.)
II. IURIS DICTIO
Law being inherently about physical, is also about spatiotemporal, i.e. about geography / geopolitics. It is always territorial even when it is cross-border applicable by the virtue of international law or internal rules to resolve inter-jurisdictional normative collisions.
The known world (I deliberately do not say: the planet, the Earth, or the globe because of ... of course - the Outer Space Law  !), is tessalated geographically into jurisdictions , . Countries or nations. The pattern pixels of the universal human jursdictional cellularity. But borders not as much divide as they connect.
The world is internet of jurisdictions no matter how yet primitive are the networking protocols and architecture. And because due to topological defficiencies this can not yet be a geodesic network  - some jurisdictions are special. And among the special there are some which are even more special than the merely special ones. The specialness stems from the fact of what a jurisdiction enjoyed gives to its user.
After decades of observation and practice and comparative studies I reached the conclusion that THE jurisdiction is the Principality of Liechtenstein ! 
Mere ennumeration of its features and the sheer lack of bugs would occupy a sizeable volume. Liechtenstein is not just an island periphery money hideout of an old fat imperial metropoly - it is a HUB. It is immersed  right into the middle of the healthiest-wealthiest community of EU .
What starts in Liechtenstein does not stay in Liechtenstein but swiftly propagates into the giant space of EEA . It is a keyhole jurisdiction straight into this most giant jurisdiction of jurisdictions - so strong in soft power  and so influential that even the FAMGA  seem to reckon Europe more than their own home jurisdiction .
Liechtenstein is simultaneously with deepest and most stable roots in the best of history and geography and is most advanced and ahead in the making of legislation of a highest probe of adequacy.
It does in 2018 - what I (and just a few others) predicted years ago to happen. We must herein admit that other jurisdictions do have some timid try-outs for legal codification of the blockchain but nothing compares with the comprehesive and in-depth approach of the Principality's legislators.
On 28th of August 2018 Liechtenstein published  a draft  of the new Blockchain Act:
<< On 28 August 2018, the Ministry for General Government Affairs and Finance of Liechtenstein published the consultation report on the new Blockchain Act (Act on Transaction Systems based on Trustworthy Technologies (VT) (Blockchain Act; VT Act; VTG)).
The government has decided to regulate not only the current Blockchain-applications (in particular cryptocurrencies and initial coin offerings (ICOs)), but also to establish a legal basis for the entire scope of application of the token economy according to a long-term approach, which should also meet the needs of future generations. >>
The basic provisions of the Liechtenstein Blockchain Act are exposed yet only in German language - which I'm not at all in command of and a language quite indgestable by the Google Transalte AI.
The consultation period ends on 16 November 2018, i.e. less than 2 months left from today.
My modest intention is by this De Lege Ferenda series of articles to provide my comments and opinions to 'whom it may concern' on the upcoming Liechtenstein Blockchain Act.
You already know I'm kinda fond of timelining and retrodictions.  :)
Every result has its cause, often hidden in the ocean of data what past is, and quite hard to distinguish.
US has its Captain America . Liechtenstein is lucky to have its Mr Liectenstein .
Andreas Erick Johannes Kohl Martinez of the House of Sequence . Remember that name.
Since the dawn of the blockchain era, I'm under the strong conviction that Liechtenstein is the true Crypto Valley  of the globe. So is Andreas, too. Purely by chance it occured that we both - long time before we knew eachother - have this astronomically improbable coincidence or synchronicity  of this and multitude of other thoughts.
Society of mind .
[*] - photo attributed to: By Michael Gredenberg - Own work, CC BY-SA 3.0, https://commons.wikimedia.org/w/index.php?curid=18962
 - https://en.wikipedia.org/wiki/Lex_ferenda
 - https://steemit.com/tauchain/@karov/tauchain-exegesis-intro
 - https://steemit.com/tauchain/@karov/tauchain-exegesis-the-two-towers
 - https://en.wikipedia.org/wiki/Letter_of_credit
 - https://en.wikipedia.org/wiki/Promissory_note
 - https://en.wikipedia.org/wiki/Angle_of_attack
 - https://en.wikipedia.org/wiki/Lingua_franca
 - http://www.behest.io/
 - https://steemit.com/blockchain/@karov/behest-for-tauchain
 - https://steemit.com/tauchain/@karov/tauchain-trumps-procrustics
 - https://steemit.com/tauchain/@karov/tauchain-and-the-cost-of-trust
 - https://en.wikipedia.org/wiki/Pauli_exclusion_principle
 - https://en.wikipedia.org/wiki/Fermion
 - https://en.wikipedia.org/wiki/Enforcement
 - https://en.wikipedia.org/wiki/Uncertainty_principle
 - https://en.wikipedia.org/wiki/Free_will
 - https://en.wikipedia.org/wiki/Mutual_information
 - https://www.coindesk.com/code-is-law-not-quite-yet/
 - https://en.wikipedia.org/wiki/Smart_contract
 - https://steemit.com/tauchain/@karov/tauchain-over-de-latil
 - https://www.etymonline.com/word/data
 - https://steemit.com/tauchain/@karov/tauchain-the-hanson-engine
 - https://steemit.com/tauchain/@karov/tauchain-as-szabo-booster
 - https://steemit.com/tauchain/@karov/clusivity-by-tauchain
 - https://en.wikipedia.org/wiki/Lex_lata
 - http://www.idni.org/
 - http://www.idni.org/blog/tau-and-the-crisis-of-truth.html
 - https://en.wikipedia.org/wiki/Space_law
 - https://www.etymonline.com/word/jurisdiction
 - https://en.wikipedia.org/wiki/Jurisdiction
 - https://steemit.com/blockchain/@karov/geodesic-by-tau
 - https://www.liechtenstein.li/en/
 - https://www.liechtenstein-business.li/en/economic-area/get-to-know/hidden-treasures/liechtenstein-combines-the-best-of-both-worlds/
 - http://europa.eu/
 - https://en.wikipedia.org/wiki/European_Economic_Area
 - https://en.wikipedia.org/wiki/Soft_power
 - https://medium.com/crypto-oracle/why-cryptos-a-growing-threat-to-famga-a-k-a-facebook-apple-microsoft-google-and-amazon-ea237570d3ea
 - https://www.dw.com/en/eu-gives-facebook-twitter-ultimatum-on-consumer-protection-laws/a-45573561
 - https://www.pwc.ch/en/insights/regulation/liechtenstein-publishes-draft-of-the-new-blockchain-act.html
 - https://www.llv.li/files/srk/vnb-blockchain-gesetz.pdf
 - https://steemit.com/bitcoin/@karov/bitcoin-retrodictions
 - https://en.wikipedia.org/wiki/Captain_America
 - https://podcast.bitcoin.com/e349-How-Libertarian-Leader-Mr-Liechtenstein-Got-Lucky
 - http://www.sequence.li/
 - https://www.businessinsider.com/what-its-like-in-zug-switzerlands-crypto-valley-2018-6
 - https://en.wikipedia.org/wiki/Synchronicity
 - https://en.wikipedia.org/wiki/Society_of_Mind
 - https://steemit.com/tauchain/@karov/scaling-is-layering &https://steemit.com/tauchain/@karov/tauchain-transcaling
Size matters. Some people object that it does not matter, but has meaning. But meaning always matters, so it is the same.
The bigger problems one solves, the bigger the gains. Big problems require big solutions. We live in a big universe and our very survival is to deal with bigger and bigger problems, which require bigger and bigger solutions to cope.
But nevertheless to build big is hard so we naturally prefer to create small things which can grow. Small from point of view both of understandable and affordable to build. So best fit are small solutions, cheap and easy to make which scale out or unfold or unleash into big means to address big problems. Scaling is everything.
Scaling. Scalable! Scalability !!
The root-word 'scale' possesses marvelous riches of meaning in English language  with lots of poetics inside.:
 snake skin epidermals - wisdom, memory, protection, rejuvenation, regeneration, eternity...
hen to pan (ἓν τὸ πᾶν), "the all is one"
 warrior armour - security, defense, power, strength.
 weighting scales - device to measure mass, unit, measure, account.
all very Blockchainy wording without any shadow of doubt.
The scalability issues could be grokked  with the following anecdote:
Bunch of workers on a construction site and a huge log. The onsite manager commands a few of them to lift and move it. They try and object ''Too heavy!''. The manager adds more and more workers, until they shout back again: ''Too short!''.
A few real examples, the first two - bad and the last three excellent:
[a] I won't name this 'crypto' just will say it is named after a mythical element of the universe, according to the prescientific gnostic  imaginations. It's core 'value proposition is to shovel meaningful computation into a thread of computation which very value proposition is to be as random, meaningless and unidirectional (hard to do, easy to prove) as possibly possible - the blockchain. The theoretically most expensive form of computation. Visualize: cars and airplanes made of gold and diamonds burning most expensive perfumes. Or mass production of electricity by raising trillions of cats and hiring trillions of people to pet them with grid of pure gold wires to discharge and collect the electrostatics. If they have chosen the original Satoshi blockchain  for their 'experiments' - where the futility of such attempt would become instantly clear and would die out outright due to impending unbearable cost - will of course be more fair way to do, and would've spared dozens of billions of dollars to the Mankind, but logically they preferred a 'controlled' blockchain of their own. In a sense that the guys with vested interest into it have the power to hand-drive, stop, restart and vivisect it. The only use of this 'blockchain supercomputer' is ... tokenomics by Layering. Why it was at all necessary for a blockchain advertised as so good as to do all the general computation, to be made so hairy and bushy with layered tokens??
[b] Another trio of chaps, won't mention names again, were really at awe with Satoshi's creation, so much that they not just liked, but wanted it and decided to have it. For themselves. All of it. And rebelled and forked out and provided 'scaling' errrmm ... uhhh... solution. By increasing the blocksize. Something which Satoshi meditated on, extensively discussed with his disciples and not occasionally decided to put breaks on.  Very recently the crypto news headlines said that the blocksize increase solution providers are eyeing ... Layering. Which they furiously were advocating that blocksize increase makes unnecessary. Cause it is the solution, isn't it? Or maybe it just was. And is not anymore? Well, I'd say that all the aka 'alts'  - to provide a rejuvenated clone of Bitcoin tweeked here and there to provide momentary ease of difficulty and transaction fees - suffer from one and a same problem - traveling back in time does not tell you the future.
[c] Lets jump half a century back in time. It is 1960es. The very making of internet. Computers are already here and scaled up in numbers so their networking to become a problem/juice worth the solution/squeeze. The birth of TCP/IP  and the report of the very makers of it. Of the solution for the network scaling. Enjoy the ancient wisdom:
Initially, the TCP managed both datagram transmissions and routing, but as the protocol grew, other researchers recommended a division of functionality into protocol layers. Advocates included Johnatan Postel of the University of Southern California's Information Sciences Institute, who edited the Request for Comments (RFCs), the technical and strategic document series that has both documented and catalyzed Internet development. Postel stated, "We are screwing up in our design of Internet protocols by violating the principle of layering." Encapsulation of different mechanisms was intended to create an environment where the upper layers could access only what was needed from the lower layers. A monolithic design would be inflexible and lead to scalability issues. The Transmission Control Program was split into two distinct protocols, the Transmission Control Protocol and the Internet Protocol.
The layering made the Internet as we know it. By the simple trick of just one node needed to permit another. Unstoppable inclusivity!
[d] The Mastercoin / Omni Layer :
«A common analogy that is used to describe the relation of the Omni Layer to bitcoin is that of HTTP to TCP/IP: HTTP, like the Omni Layer, is the application layer to the more fundamental transport and internet layer of TCP/IP, like bitcoin».
[e] The Lightning network (LN) :
The Lightning Network is a "second layer" payment protocol that operates on top of a blockchain (most commonly Bitcoin).
Satoshi spoke on 'payment' channels in his masterpiece. Foreseeing the way to scale.
An estimate of the power of LN layering .:
''The bitcoin devs accept that eventually larger block sizes will be needed. The current transaction rate isn't going to cut it if people all over the world actually start using bitcoin daily. They estimate that eventually, if everyone in the world uses bitcoin and makes 2 transactions a day, but uses the lightning network, a 133mb blocksize will be needed. Without the lightning network, something like a 200gb (GIGABYTE) size PER BLOCK would be needed to accommodate that much usage.''
Layering upscales it with orders of magnitude of higher efficiency.
If Bitcoin is the 'first layer' and Omni and Lightning are 'second layer', I see which one is the 'Zeroth Layer' and also foresee  the inevitability of the merger or 'Amalgamation' of all second layers over all blockchains, so the user will be able to transact everything into anything to anybody, without to know or care which chain is in use ... I have special nicknames for these and will go back to these topics in series of future posts.
Enough of examples I reckon.
The Postel's sacred Principle of Layering comes from the implementation levels paradigm.
or Abstraction layering :
''separations of concerns to facilitate interoperability and platform independence''
With other words - delegate the task to that layer of the system which does the particular job best. We can generalize this into The Scaling Commandment. Only one enough:
''Thou shalt not jam it all into a single layer!''
The Layer Cake architecture is literally ubiquitous across the Universe.: biology, semantics, informatics ...
It seems that it is if not the only, at least THE way to scale.
Maybe, someday, we the Humanity, upscaled by Tauchain will discover more powerful than Layering ways to Scale, but it is all we have for now.
Scaling is a problem. Scaling must be scalable, too.
Metascale from here to Eternity.
Masa. Masayoshi Son . The master of SoftBank . The Japanese national of Korean background  - really great achievement in this context! The individual with, I suspect, the biggest buying power in all the human spacetime combined. In the world and in the history.
Masa's business record is formidable. He's not just serial and parallel multi-billionaire but a multi-billionaires-breeder  - for example he's THE Jack Ma-backer, i.e. THE Alibaba-maker. And many others more ...
He's buying pieces of Google  ! $32b cash for ARM , undisclosed $b cash for Boston Dynamics . Et cetera. And Masa definitely knows what he's doing with these bits and pieces. What mosaic he's building with those chunks.
Masa has a vision. An yuuuge vision. Masa has a Vision Fund . So, visions fully backed. Backing is what distinguishes a vision from fantasy. SoftBank Vision Fund current minimum check size is $100m by the organization's own rules.
With >$100b shopping spree cash in pocket (and we talking cash, not lower liquidity assets), and an yuge vision the already yuge Vision Fund to get even yuuuger.  Cause - you know - trillions are the new billions (and it is not 'just inflation' but in absolute, shear power - productivity beats inflation ).
His vision on the philosophic level in a nutshell is Vernon Vinge's  , Hans Moravec's  , Raymond Kurzweil's  (and countless other's  ) ... SINGULARITY .
On pragmatic level it is as simple as it is ingenious  - the machinery productivity and production grows so immense that inevitably and soon its output/supply exceeds the cumulative human demand. The machines run out of market!
Solution? As obvious as the Frederick Pohl's Midas Plague (1954)  - machines doing business with machines  (- from about minute 09:00 of the vid onwards). Many orders of magnitude more machine-machine collaboration than all the possible machine-human, human-machine or human-human ones. Trillions and trillions of transhuman chips and bots doing business between each other.
And Masa not just advocates or evangelizes this vision behind his Vision - he does it. Now.
In the narrow-minded aspect it is just matter of (a little) time before Masa notices my precious Tau  and ET3  (which I told you I see as 1, not 2 - explanations to be delivered in future posts).
From wide-minded perspective ... Well...
Do you see what I see?
Chatbots porting into Tau.
Masa's chips or bots are into Moore's law  state of inevitability, e.g. doomed to cross the human scale barrier and to rush even further ahead. To even crack the human natural language code barrier and to do all what a human can do and more. (On human-machine-Tau-machine-human sandwiching architecture for direct use of the few megayears thin natural language wealth and even the few gigayears deep non-verbal communication capital - some other time in some other posts).
Machine-Tau-Machine is completely legitimate and unavoidable use and dev mode. Nothing can stop it. (Better Turing Test, anyone?)
In my previous post  I explained my understanding of the ingenuity of Ohad's approach towards the Moravec-hardness problem of the human condition  - the realization that it is a waste and side-tracking to follow dehumanizing pathways of creation of biomimetic cybernetic homunculi to mitigate the organic limited human specifications, BUT we use them - Tau is the way the problem to become the solution. We utilitify all the processing and algorithmic capital accumulated over billennia into what we call human.
Is the Tau way into a divergence course with the Masa way? No! Absolutely not.
To make chips or bots of > and >> x100 Einstein intellect is a huge collaborative effort. Machines alone - it'd take few billions of man-years to get there. Humans needed - to serve as the effort amplifier lever fulcrum 
Tau with its human-machine-human network topology makes collaboration - for first time ever - really a P2P  thing, with social diameter  of 1 or even <1 for each and every participant  no matter human or machine.
- Tau is Masa vision accelerator.
- Tau is the geodesic Agora  of all intellects imaginable, no matter 'natural' or 'artificial'.
NOTE: Ohad most probably will disagree with this vision of visions on visions of mine, but I dared to dare already anyways. Sorry, bro. It is of course, not an official Tau Team position.
 - https://en.wikipedia.org/wiki/Masayoshi_Son
 - https://en.wikipedia.org/wiki/SoftBank_Group
 - https://en.wikipedia.org/wiki/Koreans_in_Japan#Integration_into_Japanese_society
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Suggested readings to better understand the Tau ecosystem, Tau Meta Language, Tau-Chain and Agoras, and collaborate in the development of the project.
Lecturas sugeridas para entender mejor el ecosistema Tau, Tau Meta Lenguaje, Tau-Chain y Agoras, y colaborar en el desarrollo del proyecto.