Economics


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…

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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…

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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…

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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…

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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…

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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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The collectivist insanity

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

The syllogism goes – Socialism has been a failure everywhere it has been tried; This fact is known and everyone…

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Bitcoin (BCH) Vending machine

By Craig Wright | 10 Oct 2018 | Bitcoin & Blockchain Tech, Economics

In this post, we look at what it would take to create a Bitcoin (BCH) Vending machine. In order to…

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Hidden costs

By Craig Wright | 06 Oct 2018 | Bitcoin & Blockchain Tech, Economics

The flaw in stating that economic calculations cannot be conducted is the constant cry that not all costs can be…

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The Labour Fallacy of Bitcoin Value

By Craig Wright | 05 Oct 2018 | Bitcoin & Blockchain Tech, Economics

The error made in the argument that free movements of people will “take our jobs” is that of a fixed…

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The infinite money fallacy

By Craig Wright | 04 Oct 2018 | Bitcoin & Blockchain Tech, Economics, Math

There is a mistaken notion that an infinite number of monkeys, if given time and an infinite number of sturdy…

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The error in Coase

By Craig Wright | 02 Oct 2018 | Alternative Coins & Systems, Economics

Ron Coase made several errors in his theory of transactional processes in economics. Most critically, he has failed to note…

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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)