Economics


Subsidised Growth
By Craig Wright | 29 Jul 2019 | Bitcoin & Blockchain Tech, Economics, Law & Regulation

When I started the Bitcoin network, the Bitcoin-Qt client was designed to both mine and act as a wallet. As

Zeno’s Paradoxes and Bitcoin
By Craig Wright | 26 Jul 2019 | Bitcoin & Blockchain Tech, Economics, Philosophy

A part of the reason for the number of bitcoin relates to a simple sequence that allows you to see

Reversing Illicit Transactions on Bitcoin Is Simple

There is a lie that is propagated by those who seek to falsely claim that Bitcoin was created as an

Logical Fallacies and the SCADA Problem
By Craig Wright | 16 Jul 2019 | Alternative Coins & Systems, Economics, Law & Regulation

The arguments for extreme events are interesting, and one has to wonder about the motivation for them. The argument that

From the Bygone Days of Yore — Part 1
By Craig Wright | 03 Jun 2019 | Bitcoin & Blockchain Tech, Economics, Philosophy

In today’s post, I will go back to 2012: Panopticrypt had been running since 2011, and I was ready to

The GST Story
By Craig Wright | 29 May 2019 | Bitcoin & Blockchain Tech, Economics, Law & Regulation

The following is why you do not pay VAT or GST on Bitcoin. In January 2014, the Australian government argued

Satoshi and the Sophists
By Craig Wright | 23 May 2019 | Bitcoin & Blockchain Tech, Economics, Philosophy

U.S. Supreme Court Justice Louise Brandeis wrote: “Publicity is justly commended as a remedy for social and industrial diseases. Sunlight

Economic Security
By Craig Wright | 22 May 2019 | Bitcoin & Blockchain Tech, Economics

Reorgs and orphan blocks are not an issue with Bitcoin. To say that they are is to compound two separate

Money is a measuring stick
By Craig Wright | 14 May 2019 | Bitcoin & Blockchain Tech, Economics

Something that people don’t seem to understand well is that money is not in itself a valuable. Money is simply

The puzzle of the double hash
By Craig Wright | 30 Apr 2019 | Bitcoin & Blockchain Tech, Economics, Math

There is a long-standing puzzle within Bitcoin that has not yet been solved correctly: why did I use a double

Decentralised or just inefficient?
By Craig Wright | 26 Apr 2019 | Bitcoin & Blockchain Tech, Economics

Let us do a little thought experiment. Later in the year, I’ll be talking about a way of doing serialised

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