Economics


Bitcoin is a commodity
By Craig Wright | 12 Dec 2018 | Bitcoin & Blockchain Tech, Economics, Law & Regulation

Ledger space in a sound, immutable ledger is a commodity. It has value. The trouble is that many think they [...]

Instant transactions
By Craig Wright | 09 Dec 2018 | Bitcoin & Blockchain Tech, Economics

The “FUD” around Bitcoin is deep, but we shall start to clear it up. The truth is, most things in [...]

Valuing systems — the margin of substitute goods.
By Craig Wright | 25 Nov 2018 | Economics

In order to value a cryptocurrency, we need to start with what it really is and what a substitute good [...]

Bitcoin Is for Business
By Craig Wright | 20 Nov 2018 | Bitcoin & Blockchain Tech, Economics

The goal of Bitcoin is to be cash, but there is only one way to achieve this. Bitcoin must be [...]

Taking care of Business.
By Craig Wright | 18 Nov 2018 | Bitcoin & Blockchain Tech, Economics, Law & Regulation

Going forward we will start to open up and allow business use of the Bitcoin blockchain. Bitcoin scales, and we [...]

Set in Stone
By Craig Wright | 15 Nov 2018 | Bitcoin & Blockchain Tech, Economics, Law & Regulation

Bitcoin was designed from the start to be a form of stable money, that is: it has a set amount, [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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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