Spare a Bitcoin, Guv?

Monday 7 December 2015

Refreshments & food from 6.00pm, talk from 6.30pm. Finish 7.30pm

Room E0.34, John Dalton East, John Dalton Building, Manchester Metropolitan University, Chester Street, Manchester, M1 5GD


Dai Davis

iCalendar format


The internet has spawned many spin-offs: after avatars and virtual worlds, it was only a matter of time before virtual currencies were born. While some of those currencies, such as Linden Dollars are tied to proprietary systems such as Linden Labs’ “Second Life”, others are free standing and self- sustaining such as Litecoin, Peercoin and Namecoin not to mention the more well-known Bitcoin.  Another type of currency that fits into the “non-tangible” category is the more widely adopted “PayPal” system. 

In this talk, Dai will expose the risks of virtual currencies and look at the avenues for legal redress.  All the crimes that can take place in real worlds with real currencies can and do take place in virtual worlds. From the pyramid selling scams of Ginko Bank in Second Life to the collapse of the ill-fated Mt. Gox. Are they “crimes” anyway? Who polices virtual currencies? Is your virtual currency really safe? Can it ever be safe? And who uses Bitcoins and why?  Why should governments, regulators and banks be worried? How are they approaching virtual currencies? What legislation is likely? How should businesses approach virtual currencies? 

But the distributed, cryptographically provable peer-to-peer ledger which is the technology behind virtual currency can be used for many other applications: from property registers to electronic voting and IT security. Dai will use his legal expertise and IT security skills to delve into the increasingly opaque waters of virtual currency and explain the technology behind that technology. 

About the Speaker:

Dai Davis is a Technology Lawyer. He holds Masters degrees in both Physics and Computer Science. He is a Chartered Engineer and Member of the Institution of Engineering and Technology. Dai has consistently been recommended in the Legal 500 and in Chambers Guides to the Legal Profession. Having been national head of Intellectual Property Law and later national head of Information Technology law at Eversheds for a number of years, Dai is now a partner in his own specialist law practice, Percy Crow Davis & Co. 

Although he is based in Leeds, he has clients throughout the country and also works out of Manchester, Birmingham and London on a regular basis. Dai advises clients on intellectual property in Information Technology products, and all types of computer and technology law issues including such topical matters as Open Source, IT Security and Cloud Computing issues. Dai is a non-executive director of FAST (The Federation Against Software Theft) and a Freeman of the WCIT (Worshipful Company of Information Technologists). 

He is primarily a non-contentious lawyer, specialising in advising on commercial agreements relating to software and technology products, including outsourcing agreements, web-related contracts and data protection. A further “super specialism” that Dai has practised for over two decades is high-tech product safety and product recall, including the law relating to CE Marking. Dai can be contacted on 07785 771 721 or