Published on September 4th, 2015 | by bitcoin0
Bit coin Spam Tests could violate UK law.
The bitcoin stress tests planned by CoinWallet could breach UK law, a legal professional has suggested.
Eitan Jankelewitz, associate at UK law firm Sheridans, said he would tend to agree with this assessment.
The aim of these stress tests is to verify whether the bitcoin network is capable of handling a large stream of very small transactions.
Some Reddit users claim the tests are ‘authorised’ on the basis that they involve the sending of transactions, which is the primary purpose of the bitcoin network.
And if we were able to hold billions of dollars hostage, then it is pretty good evidence that bitcoin is worthless.”