Document Type
Article
Publication Date
Summer 2014
Publication Title
Northwestern Law Review
Publication Title (Abbreviation)
Nw. L. Rev.
Volume
108
First Page
1485
Last Page
1500
Abstract
An innovative software technology known as Bitcoin makes it easier for software to operate with some degree of financial autonomy. In a meaningful sense, it is now possible for software to conduct business on its own account, without using the traditional financial system as an intermediary and without a financial existence tied to an existing natural or legal person. This Essay explores this possibility and suggests that legally autonomous entities, such as a limited liability company (LLC) with no members, are a useful legal structure for factually autonomous systems.
Rights
© 2014 Shawn Bayern
Faculty Biography
http://law.fsu.edu/our-faculty/profiles/bayern
Recommended Citation
Shawn J. Bayern,
Of Bitcoins, Independently Wealthy Software, and the Zero-Member LLC, 108
Nw. L. Rev.
1485
(2014),
Available at: https://ir.law.fsu.edu/articles/41
Comments
First published in Northwestern University Law Review Online.