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The blockchain is the world’s first truly global mechanism for the transfer and storage of value. The distribution of its nodes all around the world and the resulting ‘omniterritorial’ nature of the blockchain create enormous challenges for the law. This book discusses the technological and philosophical underpinnings of the new crypto phenomena. It describes the varying approaches of regulators of different states to capture these phenomena with traditional or new rules. It also addresses the difficulties in determining the applicable private law, in particular the property rules governing virtual assets. The book showcases the conflicts, issues and problems that result from overlapping national rules and suggests avenues for their solution.
"Stockmen who graze cattle on the mountain ranges of the western United States suffer heavy loses from larkspur poisoning. Careful and long-continued investigation under range conditions has shown clearly under what conditions these deaths occur and has shown also that by sufficient care most of the losses can be avoided. This bulletin, in a brief form, gives the facts and measures which should be taken to reduce the losses. Bulletin 365 of the United States Department of Agriculture, a professional paper, treats the subject in a more detailed and technical manner."--Page [2]
"Dairymen lose thousands of dollars annually because of poorly cooled milk and cream. These losses occur because the milk or cram is returned by dealers to the farmers, and because of low-grade manufactured products which bring low prices. Every dairyman who produces and delivers a high grade of milk or cream raises the average quality of all milk and cream with which it is pooled, and as a result a better product reaches the consumer. Proper colling is just as important with cream as with milk, especially as cream usually is delivered less frequently and therefore has greater opportunity to undergo undesirable fermentations. Proper cooling is easily done with little additional equipment and labor. Natural ice can be had on the diary farms that produce 85 per cent of this country's milk and cream supply. Even where ice is not available, milk and cream, by better use of available cooling facilities may be cooled more effectively than at present."--Page 2
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