Economics


Proof of State, or, the new Fed

By Craig Wright | 14 Nov 2018 | Economics, Law & Regulation

The thing that few see is that we already have proof-of-stake (PoS). The US Federal Reserve is a prime example…

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Problems and key questions around Bitcoin

By Craig Wright | 13 Nov 2018 | Bitcoin & Blockchain Tech, Economics, Law & Regulation

The first problem to be addressed concerns the nature of lawful money. In the United States, the Stamp Payments Act…

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nSequence and P2P exchange

By Craig Wright | 13 Nov 2018 | Bitcoin & Blockchain Tech, Economics

In the beginning, Bitcoin allowed two parties to engage in a peer-to-peer trade and exchange that was P2P and then…

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Bitcoin and the Long term

By Craig Wright | 12 Nov 2018 | Bitcoin & Blockchain Tech, Economics

Government “stimulation” basically slows change. This takes funds from more productive sectors, and redirects it into less productive ones. It…

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Payment intermediaries

By Craig Wright | 11 Nov 2018 | Bitcoin & Blockchain Tech, Economics, Math

What does Bitcoin do? To understand Bitcoin, it is necessary to understand what Bitcoin is designed to do, to be. Bitcoin…

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The measure of Justice

By Craig Wright | 10 Nov 2018 | Economics, Law & Regulation

Justice is simply the absence of injustice, injustice being the tangible force. Many seek to define justice on its own,…

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“Laissez-nous faire”

By Craig Wright | 09 Nov 2018 | Economics, Law & Regulation

Interventionist politics have played a growing role in all our economic lives. Each bailout is a step that is seldom…

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Bitcoin is not Anti State — it is Pro Honest government

By Craig Wright | 09 Nov 2018 | Bitcoin & Blockchain Tech, Economics, Law & Regulation

Bitcoin is an open immutable ledger. It is not anonymous, it is private. There is a huge difference, and it…

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An invitation to treat

By Craig Wright | 08 Nov 2018 | Bitcoin & Blockchain Tech, Economics, Law & Regulation

An invitation to treat is distinct from an offer in that it is an indication of one party’s willingness to…

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Fixing OP_False

By Craig Wright | 08 Nov 2018 | Bitcoin & Blockchain Tech, Economics

Salvage, fixing OP_False, and more One of the flaws in the mangled version of Bitcoin we have today comes from the…

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Buy now, Pay later

By Craig Wright | 07 Nov 2018 | Economics

Murry Rothbard on harmful policy.. 1. Prevent or delay liquidation. Lend money to shaky businesses, call on banks to lend…

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Rent seeking in economics and Crypto

By Craig Wright | 07 Nov 2018 | Bitcoin & Blockchain Tech, Economics

Keynesianism and neo-Keynesian thought seem to be popular despite the fact it has never worked and is based on fallacies…

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Never miss a story from Craig Wright (Bitcoin SV is the original Bitcoin)

Never miss a story from Craig Wright (Bitcoin SV is the original Bitcoin)