With the cryptocurrency has been adopted by the worldwide community, it is always been in the headline for some or other reason. The co-founder of Ethereum, Vitalik Buterin and Ripple’s David Schwartz responded to Bitcoin Cash’s Roger Ver Twitter post today. Roger said in his post that “Copyrights are legitimate contractual agreements between consenting parties.”
While disagreeing with the subject matter, Vitalik said in his statement that he is not convinced with the idea to execute in practice especially when people upload a copyrighted work on Torrent expected to violate the law but those who download the items are not.
With this, he further commented that those who download the items have not executed an agreement with the copyright owner. Besides this, David Schwartz ironically said in his statement that the regulation states one has to be a party to a contract before breaching it by citing the current 1700 case laws in place.
Amid this, Adam David Long, a consultant Attorney claimed that “copyright is not based on contract, it is a property right, not a contract right. Property rights apply to everyone even if they did not enter into a contract agreement.”