The risk you allude to always existed (and probably will always exist) because 1) it was always possible to mine a block with illegal content in an OP_RETURN, and 2) illegal content can always be embe...
Thank you for actually engaging with this question.
I read that article back when it came out and I'm not convinced just reaching out informally to a few lawyers is enough due diligence. At least not when the risk is this high.
Even then 1/7 of them actually was concerned about it. If we roll with that as the only evidence that was gathered we have a 1/7 chance Bitcoin will be deemed illegal in the future.
I'd be more reassured if we had any lawyers actually seriously look into the risks involved. Or had some statements from government bodies that'd be involved that we're in the clear. (FCC in the US? Equivalent EU bodies?)
I read that article back when it came out and I'm not convinced just reaching out informally to a few lawyers is enough due diligence. At least not when the risk is this high.
Even then 1/7 of them actually was concerned about it. If we roll with that as the only evidence that was gathered we have a 1/7 chance Bitcoin will be deemed illegal in the future.
I'd be more reassured if we had any lawyers actually seriously look into the risks involved. Or had some statements from government bodies that'd be involved that we're in the clear. (FCC in the US? Equivalent EU bodies?)