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
In a recent article of mine  I hinted my strong suspicion that scaling is itself scalable.
''Scaling is a problem. Scaling must be scalable, too. Metascale from here to Eternity.''
No matter what a terrific grower a system is - as per its own internal algorithmic growth drive rules - it seems inevitable its growth to get it into entropic mutualization  upon impact with a kind of a ... downscaler.
Scaling is everything, yeah. But it is quite intuitive and supported by too big body of evidence to ignore, that, paradoxically: the faster a thing grows - the sooner its encounter with an external and bigger downscaling factor comes.
This realization, refracted through the prism of our 'reptilian brain' layer  amplified to gargantuan proportions by our inherent social hierarchicity  is the source of the 'Malthusian  anxiety' which led to countless violent deaths over all the human history. Fear is anger , so the emotion that there is only as much to go around, and that the catastrophe of 'running out' of something is imminent, is the major source of what makes us bad to each other .
There are plethora of examples of very well mathematically and scientifically grounded doomsayer scenarios, and we must admit that they all correct as per their internal axiomatics  , and simultaneously they are all totally wrong for missing out the obvious - the factors of externalities  , the properties and opportunities of the medium which is consumed and/or created by this growth, and which transcend the axiomatics. For growth being always 'growth into'. The fact that doomsday scenarios are so compellingly consistent internally is what makes them so strong and dangerous ideological weapon of mass destruction .
Lets throw some such problem-solution couples for clarity:
a. the world of 1890es big cities sunk up knee-deep into beast of burden manure , and the super-apocalyptic projections of that VS Tony Seba's  1 pic > 1000 words of NYC carts vs cars situations in 1900 -1913 ...
b. the grim visions of the whole Mankind becoming telephone switchboard blue collar workers , the number of which should've exceeded the number of total world population by now to achieve the same level of telephonization or
c. the all librarians world  where it takes more librarians than the whole mankind to serve the social memory in the paper & printed ink storage facilities mode ...
d. the Club of Rome  as the noisiest modern bird of ill omen with 'projections' based on the same blind extrapolations as the urban seas of shit or the 'proofs' of the impossibility to connect or educate or feed all - instigating mass destruction fear that ''we run out of everything and will soon all die'' , used for justification for mass atrocities VS Julian Simon's  - the ''Ultimate Resource'' (1981, 1996) . Cf.: my accelerando article  and see what precisely is the Factory for succession of better and better Hanson drives for the last few millions of years - from the Blade and the Fire to the Tau - it is the same thing which identification made Julian Simon from fanatical Maltusianist  into rationally convinced Cornucopian  ... the human mind.
e. the predator-pray model  which this pseudo-haiku  I guess depicts best how's it brutally flawed:
''hawk eat chic -> less chic, human eat chic -> more chic''
for missing out to posit and failure to account for positive feedback loop  of predator over pray dynamics ...
f. The comment of Dary Oster  , founder of the other passion of mine - ET3 , on the aka 'saturation' of the scalables (exemplified in the field of transportation, which btw, being communication ... our social structures map onto mobility systems we have on disposal ... ).:
''... US transportation growth has focused on automobile/roads (and airline/airport) developments. (And this has been VERY good for the US economy.) The reason is that cars/jets offered far better MARKET VALUE than horse/buggy/train transport did 150 years ago. In the mid 1800s, trains displaced muscle power for travel between cities - because trains offered better market value than ox carts. Trains reached 'market saturation' about 1895 to 1905 (becoming 'unsustainable') - however 'market momentum' produced 20 years of 'overshoot'. Cars/jets were far more sustainable than passenger trains and muscle power, and started to displace trains (and finish off horses). By 1916 the US rail network peaked at 270,000 miles (today less than 130,000 miles is in use).Just like passenger trains hit market saturation, roads/airports are reaching economic limitations. The time is ripe for a market disruption, and all indicators (past and present) say it will NOT come from, or be supported by government or academia -- but from private sector innovations that offer a 10x value improvement (like ET3), AND also offer incentives for most (not all) key industries to participate (like ET3). Automated cars, smart highways, and electronic ride sharing are industry responses that will contribute to overshoot of cars/roads for the next 5-10 years.The main problem i see with the education system is that is that academic research and publication on transportation is primarily funded by status quo industries like: railroads and rail equipment manufactures, highway builders, automobile/truck manufactures, engineering firms, etc. -- all who fund research centered on 'improving' the status quo.Virtually all universities (for the last 1k years+) are set up to drive incremental improvements that industry demands, and virtually all paradigm shifts are resisted until AFTER they occur and are first adopted by industry. Government is the same (for instance in 1905 passing laws to forbid cars that were disrupting horse traffic; or in 1933 passing laws to limit investment in innovation startups to the wealthy (those successful in the status quo)).''
g. Darwinian algo  sqrt(n) VS higher algos - like Metcalfe n^2 . It is not precise, it is more of metaphorical, to indicate direction or scale of scaling, rather then rigorous precision, but ... the former figuratively speaking takes 100 times more to put up 10 times more, and the later takes 10 times more to return 100 times more...
h. Barter vs money. See.:  bottom of page 5 over the bottomline notes, about the later:
simpliﬁes pricing calculations and negotiations from O(n^2) complexity to O(n) complexity
As demonstration how one item out of a scaling barter system, emerges as specialized transactor and accelerator to transcale the barter economy. From within. Endogenously as always. (btw, Extremely strong document where there are entire books read and internalized behind each tight and contentful sentence!)
i. The heat death of the universe  VS the realization that the 2nd law  - conservation law for entropy/information law does not allow that , the asymptoticity  of the fundamental limits of nature, the fact that max entropy grows faster than/from/due to the actual antropy growth  and that entropy is not disorder  and that at the end of the day it is an unbounded immortal universe  ... cause it's all a combinatorial explosion .
j. The Anthropic principle  and the realization that it is extremely hard if not impossible to posit a lifeless universe  ...
k. The Algoverse - my 'psychedelic' vision  of the asymptotic inexorable hierarchy of the Dirac sea  of lower algos which take everything for almost nothing - up towards giving almost everything for almost nothing - Bucky Fuller's runaway Ephemeralization . Algorithms are things. Objects. Structure. Homoousic or consubstantial to their input and output. Things taking things and making things outta the former. Including other algos of course! Stronger ones.
l. The Masa Effect . The Master of Softbank seeing how the machine productivity is on the imminent course to massively overscale the human clients base and his apparent transcaling solution to upscale the clients base with bots and chips, with the same which scales supply in such a too-much way. 
m. The Pierre the Latil 1950es and Stanislaw Lem 1960es ( copied 1:1 by Tegmark  ) hierarchy . Of degrees of self-creating freedom of Effectors ...
n. Limits of growth - present in any particular moment and in any finitary setting of rules ,  but nonexistent in the infinity of rules upgradability. Like a cancer cell trapped in a cage of light  vs ... photosynthesis.
o. Ray Kurzweil - static vs exponential thinking .
p. Craig Venter's  Human Genome project  which when commenced in 1990 was ridiculed that will be unbearably expensive and will take centuries to finish, and it did - it costed a unbearable for 1990 fortune and it did take centuries, of subjective time as per the initial projections conditions - being completed in year 2000.
q. Jeff Bezos vision  of Solar System wide Mankind:
''The solar system can easily support a trillion humans. And if we had a trillion humans, we would have a thousand Einsteins and a thousand Mozarts and unlimited, for all practical purposes, resources.''
r. The 'wastefulness' of data centers and crypto mining collocation facilities  ... which is as funny as to envy the brain for 'wasting' >25% of the body energy. (Btw, the tech megatrend is exponentially and relentlessly towards the minimum calculation energy).
s. The log-scale intuitive measure and smooth straight line visualization coming out of, this quote which I fished out off the net long time ago.:
"The singularities are happening fairly regularly but at an increasing rate, every 500 to 1000 billion man-years (the total sum of the worldwide population over time). The baby boom of the 1950 is about 200 Billion man-years ago."
ops! go back to Q. With 1 trln. humans population the 'singularities' will occur once a year?!
t. the Tau  !!
I can continue with these examples ... forever [wink] - excuse me if I've bored you - but I think that at least that minimum was needed to be shown and it is enough to grok the big picture.
Scaling is the solution. It is a problem too. Its overcoming is what I dub 'Transcaling' for the purpose of that study.
Size matters. Scaling is the way. But the more general is how a system handles change! This is as fundamental as to be in the very core of definition of life and intelligence .
Tauchain is all about change handling!
Now, lets knit the 'blockchain' of these all example threads above into a knot like the Norns do :
Dear friends, please, scroll back to Example D. Yes, the human mind transcaler thing. The Ultimate resource thing.
We are the ultimate resourse.
We the humans (and soon the whole zoo of our technological imitations and reproductions and transcendences of ourselves ).
We as the-I  are strong thinkers and creators, immensely more road lies ahead than it's been traveled, yes, but yet we, as the-I, are the momentary apex in the Effectoring business  in the Known universe ... AND simultaneously we as the-We are mediocre to outright dumb.
We are very far from proper scaling together. The Ultimate resource is not coherent and is not ... collimated. Scattered dim lights, but not a powerful bright mind laser. Dispersed fissibles, but not a concentration of critical masses.
We as The-We - paradoxically- persistently finds ways to transcale its destinies using the power of the-I, but the-We itself does not entertain the scaling well at all .
The individual human mind is the unscaled transcaler.
Tau is the upscaler of that transcaler.
I'll introduce herewith another 'poetic' neologism, which occurred to me to depict the scaling props of a system after the Scrooge factor of ''Tauchain - Tutor ex Machina'' , and it is the:
Spawn  factor
- the capacity and ability of a system to grow through, despite, against, across, from and via the changes. Just like cuboid  is about all rectangular things like squares, cubes, tesseracts ... regardless of their dimensionality, the Spawn Factor - to be a generalization of all orders of scaling. Zillion light years from rigor, of course, as I'm on at least the same distance from my Leibnizization . For the lawyer to become a mathematician is what is for a caterpillar to become a a butterfly. :) Transcaling.
Tau transcends the infinite regress of orders of: scaling of scaling of scaling ... by being self-referential. Or recursive. 
What is the Spawn factor of Tau?
If you let me I'll illustrate this by a poetic periphrasis of the famous piece of Frank Herbert's .:
I will face my change. I will permit it to pass over me and through me. And when it has gone past I will turn the inner eye to see its path. Where the change has gone there will be nothing. Only I will remain.
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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.