Economics


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

The “Perfect” Firewall….
By Craig Wright | 20 Apr 2019 | Bitcoin & Blockchain Tech, Economics

Security is a story of economics. It is about risk. In my time in the industry, I’ve worked for a

We don’t want to lead with “anonymous”
By Craig Wright | 17 Apr 2019 | Bitcoin & Blockchain Tech, Economics

One thing I’ve learnt during my time with Bitcoin is how important it is to choose your words carefully. Privacy

Bitcoin is not against banks

Forget the lies you have been told about Bitcoin. Bitcoin doesn’t stop banking, it doesn’t even stop central banks. In

Patent wars…
By Craig Wright | 13 Apr 2019 | Bitcoin & Blockchain Tech, Economics, Law & Regulation

Blockstream raised USD60 million on the promise of 2 patents. The patents are: Cryptographically concealing amounts transacted on a ledger

Forget anonymity
By Craig Wright | 10 Apr 2019 | Economics, Law & Regulation

The Fifth Anti-Money Laundering Directive (“MLD5”) was published in the Official Journal of the EU on 19th June, 2018, and

Satoshi Nakamoto
By Craig Wright | 05 Apr 2019 | Bitcoin & Blockchain Tech, Economics

Satoshi Nakamoto is an amalgamation of 富永 仲基 (Tominaga Nakamoto) and Ash Ketchum (サトシ; Satoshi). The name wasn’t something that

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