Economics


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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

Bitcoin and Contracts
By Craig Wright | 29 Sep 2018 | Bitcoin & Blockchain Tech, Economics, Law & Regulation

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
By Craig Wright | 27 Sep 2018 | Bitcoin & Blockchain Tech, Economics, Law & Regulation

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?
By Craig Wright | 23 Sep 2018 | Bitcoin & Blockchain Tech, Economics

Let us for today imagine it is 20 years from now. Two decades have passed from today. Imagine we are [...]

Economic convergence
By Craig Wright | 22 Sep 2018 | Bitcoin & Blockchain Tech, Economics

The world of automation is already changing society. Having a bent for maths and statistics, I decided to take a [...]

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