Economics


Burning and why it matters that it is stopped
By Craig Wright | 27 Oct 2018 | Bitcoin & Blockchain Tech, Economics, Law & Regulation, Math

First, we need to note that Bitcoin is an economic system and in economics, incentives and intent matter. The loss [...]

Neural Network Threshold Oracles
By Craig Wright | 26 Oct 2018 | Bitcoin & Blockchain Tech, Economics, Math

The main advantage to a system’s engineering approach is the ease with which it can be automated. Various inputs and [...]

Managing Blockchain Automata

This umbrella document describes a distributed platform open to public participation for managing the automation of tasks that interfaces with [...]

Phases of the Bitcoin system
By Craig Wright | 20 Oct 2018 | Bitcoin & Blockchain Tech, Economics, Law & Regulation

The Bitcoin system may be broken down into the following “phases”: Mining; Holding Bitcoin; and Transferring Bitcoin. Each of these [...]

DFA compilation and execution

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

Rights as property
By Craig Wright | 19 Oct 2018 | Bitcoin & Blockchain Tech, Economics, Law & Regulation

In its simplest form, a bitcoin transaction involves the creation of an entry in a ledger. The value on the [...]

Monetary transfer and transmission rules
By Craig Wright | 18 Oct 2018 | Bitcoin & Blockchain Tech, Economics, Law & Regulation

The exchange of bitcoin for other currencies clearly comes under existing AML[1] regulations, and where an exchange[2] has been used [...]

Blockchain-Based Decentralised Autonomous Corporations: An Overview
By Craig Wright | 17 Oct 2018 | Bitcoin & Blockchain Tech, Economics, Math

This document is intended to provide an overview on Decentralised Autonomous Corporations (DAC) based on the blockchain technology. Note, Bitcoin [...]

Foreign-exchange considerations & Bitcoin
By Craig Wright | 17 Oct 2018 | Bitcoin & Blockchain Tech, Economics

The inherently international nature of Bitcoin lends its use to the requirement to account for foreign-exchange valuations. This does not [...]

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 [...]

Digital signature rules and their relationship to bitcoin
By Craig Wright | 16 Oct 2018 | Bitcoin & Blockchain Tech, Economics

UNCITRAL Model Law on Electronic Signatures with Guide to Enactment (2001) has been widely adopted. The Electronic Signature Law of [...]

The tax implications of bitcoin as money
By Craig Wright | 14 Oct 2018 | Bitcoin & Blockchain Tech, Economics, Law & Regulation

As Bitcoin does not need to be held or processed by a financial institution[1], many people have concluded that they [...]

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