Economics
The collectivist insanity
The syllogism goes – Socialism has been a failure everywhere it has been tried; This fact is known and everyone [...]
Bitcoin (BCH) Vending machine
In this post, we look at what it would take to create a Bitcoin (BCH) Vending machine. In order to [...]
Hidden costs
The flaw in stating that economic calculations cannot be conducted is the constant cry that not all costs can be [...]
The Labour Fallacy of Bitcoin Value
The error made in the argument that free movements of people will “take our jobs” is that of a fixed [...]
The infinite money fallacy
There is a mistaken notion that an infinite number of monkeys, if given time and an infinite number of sturdy [...]
The error in Coase
Ron Coase made several errors in his theory of transactional processes in economics. Most critically, he has failed to note [...]
The application, scope and limits of Letters of Indemnity in Bitcoin Contracts
Introduction The Bill of Lading is a document unique document as its negotiability fulfils several purposes. These documents have led [...]
Bitcoin and Contracts
There are a number of contractual issues that used to be associated with e-mail that apply to Bitcoin today. There [...]
The postal acceptance rule in Bitcoin
The postal acceptance rule states that where an acceptance is to be sent by post, the contract associated with that [...]
Hoarding and Bitcoin
One of the fundamental arguments posed against Bitcoin is that it is deflationary in nature. The misinformed argument made by [...]
Where have all the unskilled jobs gone?
Let us for today imagine it is 20 years from now. Two decades have passed from today. Imagine we are [...]
Economic convergence
The world of automation is already changing society. Having a bent for maths and statistics, I decided to take a [...]