On 8/29/18 6:55 PM, John Hawkinson wrote:
Continuing reference to what is "legal" or "the law" is very confusing to me 
because no one has cited any statues, regulations, or case law.

What's the basis for these claims about legal requirement? Can we please cite 
chapter and verse? Without it, it's hard to distinguish rumor and anecdote from 
fact, or refute anything.



This is an interesting point - a year or so ago (probably around the time of the last leap second) there was all this stuff about UTC and leap seconds vis a vis electronic trading

There's a internationally agreed second (defined by vibrations of Cs, etc.), and I assume that "standard practice" is that everyone adopts this rate.

But is it a legal or regulatory *requirement* - or is it just standard practice, in the same sense that everyone uses the same M2 or 6-32 threads. There's no *law* that requires me to use a particular pipe thread or resistor color code. There's a standard that has been promulgated for these things, and if I buy, and you sell, it's to our mutual advantage to use the same standard.

But if wanted to be "different", (say I was hand crafting English sports cars :), I could use a completely different series of fasteners and standard dimensions, and I could even use the positive terminal of the battery as the chassis common.

But is there some International banking agreement that requires UTC? Or a SEC rule?

I buy lots of things that have requirements that say, in effect "calibration shall be traceable to NIST or other National Standards Lab", but that's a *contractual* requirement, not a *legal* requirement.

There may well be a law in the United States, probably buried in some enabling or appropriating bill, that says "The Department of Commerce shall provide national standards for mass, time, voltage, etc." but that doesn't say "and all residents of the United States shall use only the standard provided by the Department of Commerce, and no other"

What about Germany? Notoriously it is "Das Land der Gebote, der Vorschriften, und der Verbote." (Commandments, regulations, and prohibitions)

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