December 2018


Contract Law and Smart Contracts
By Craig Wright | 28 Dec 2018 | Bitcoin & Blockchain Tech, Law & Regulation

Contract law is designed to minimise: the cost of writing a contract; the cost of courts rewriting contracts; inefficiency (including

Breach of contract — Remedies for breach
By Craig Wright | 27 Dec 2018 | Bitcoin & Blockchain Tech, Law & Regulation

When the court decides there has been a breach, there are many remedies at its disposal. One solution is to

Crowd Funding and ICOs

The following are some notes on ICOs (all are securities) that can act as a set of things to consider.

Account and Transfer Systems.
By Craig Wright | 22 Dec 2018 | Economics, Law & Regulation

Most payment systems today are based on the deposit of funds and the transfer of credit from one party’s account

The myth of the full validation node
By Craig Wright | 21 Dec 2018 | Bitcoin & Blockchain Tech, Philosophy

There is a long-running false narrative of “full validating nodes.” The dishonesty that has been sold as a truth is

On Predicates
By Craig Wright | 21 Dec 2018 | Bitcoin & Blockchain Tech, Law & Regulation

In the common law, many individual fact-based decisions are set as predicates. No, not these. To many, it ends up making

Expectation of Profits
By Craig Wright | 20 Dec 2018 | Alternative Coins & Systems, Economics

The US Howey case used the Expectation of Profit as an element in International Brotherhood of Teamsters vs Daniel. Daniel

Currency
By Craig Wright | 19 Dec 2018 | Economics, Math

Coins remain legal tender without having an economic basis in specie. They hence, as with paper notes, rest on the

Private blockchains are a matter of economic forces
By Craig Wright | 18 Dec 2018 | Bitcoin & Blockchain Tech, Economics

The issue of “private blockchains” comes to a purely economic outcome. The issue of public vs private is, and has

Bitcoin in law
By Craig Wright | 18 Dec 2018 | Bitcoin & Blockchain Tech, Law & Regulation

On confirmation, the recipient faces minimal, if any, ongoing risk of fraud from the transferer (Alice, A). There remains an

BLOCKCHAIN Based Accounting:
By Craig Wright | 14 Dec 2018 | Bitcoin & Blockchain Tech, Economics

For more details see the following link: CRYPTOGRAPHIC METHOD AND SYSTEM FOR SECURE EXTRACTION OF DATA FROM A BLOCKCHAIN Executive

The lie of anarchy
By Craig Wright | 13 Dec 2018 | Bitcoin & Blockchain Tech, Economics

The lie of anarchy and the true value in Bitcoin Many have thought that Bitcoin was in some manner designed to

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