Economics
A codification scheme for state machines
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
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
As Bitcoin does not need to be held or processed by a financial institution[1], many people have concluded that they
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