Alternative Coins & Systems


DFA compilation and execution

By Craig Wright | 19 Oct 2018 | Alternative Coins & Systems, Bitcoin & Blockchain Tech, Economics

We present an analysis of the establishment and execution of contractual agreements embodied as deterministic finite automata (DFA). The contract…

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A codification scheme for state machines

By Craig Wright | 16 Oct 2018 | Alternative Coins & Systems, Economics, Math

We define a codification scheme for the states of deterministic finite automaton (DFA) [1]. Contrary to usual practice, the codification…

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Symmetric Fair Exchange Protocol

By Craig Wright | 15 Oct 2018 | Alternative Coins & Systems, Bitcoin & Blockchain Tech, Law & Regulation

Background In a fair exchange protocol two parties either both honour an exchange (such as a contract), or neither of…

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Security

By Craig Wright | 08 Oct 2018 | Alternative Coins & Systems, Bitcoin & Blockchain Tech

Honestly I find it difficult to understand why people do not get the idea of why errors and low-quality software…

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Trust in Smart Contracts

By Craig Wright | 07 Oct 2018 | Alternative Coins & Systems, Bitcoin & Blockchain Tech

Both electronic and paper documents are subject to tampering. The discovery of collisions has demonstrated that the process of signing…

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The error in Coase

By Craig Wright | 02 Oct 2018 | Alternative Coins & Systems, Economics

Ron Coase made several errors in his theory of transactional processes in economics. Most critically, he has failed to note…

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The application, scope and limits of Letters of Indemnity in Bitcoin Contracts

By Craig Wright | 30 Sep 2018 | Alternative Coins & Systems, Bitcoin & Blockchain Tech, Economics, Law & Regulation

Introduction The Bill of Lading is a document unique document as its negotiability fulfils several purposes. These documents have led…

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Simplicity in Bitcoin

By Craig Wright | 25 Sep 2018 | Alternative Coins & Systems, Bitcoin & Blockchain Tech

There is a small correlation between the effects of security and simplicity. This use of complexity for its own sake…

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Hoarding and Bitcoin

By Craig Wright | 24 Sep 2018 | Alternative Coins & Systems, Bitcoin & Blockchain Tech, Economics

One of the fundamental arguments posed against Bitcoin is that it is deflationary in nature. The misinformed argument made by…

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Data World

By Craig Wright | 20 Sep 2018 | Alternative Coins & Systems, Bitcoin & Blockchain Tech

It is truly amazing that people still stick to the aged concept that data can be completely controlled from all…

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IoT and the coming Toaster-world

By Craig Wright | 19 Sep 2018 | Alternative Coins & Systems, Bitcoin & Blockchain Tech

The commodification of technology is what will drive the move to the cloud. It is what makes the entire structure…

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Q&A/Written Interview — The answers — Part 4

By Craig Wright | 19 Sep 2018 | Alternative Coins & Systems, Bitcoin & Blockchain Tech, Economics, Law & Regulation, Math, Philosophy

I shall continue answering in order. The original questions are posted here. And, you may see responses in part 1. And…

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