Economics


Tax and Bitcoin — Transacting and accounting for Bitcoin
By Craig Wright | 02 Nov 2018 | Bitcoin & Blockchain Tech, Economics, Law & Regulation

Just as with all income and capital taxation issues, Bitcoin-based transactions require that suitable record-keeping practices are adhered to.  

Tax and Bitcoin — Investment in Bitcoin
By Craig Wright | 01 Nov 2018 | Bitcoin & Blockchain Tech, Economics, Law & Regulation, Math

Investment in Bitcoin should be treated as any other investment in an emolument, “which could be converted into money might

The problem of Keynes
By Craig Wright | 01 Nov 2018 | Economics, Philosophy

http://bastiat.org/fr/cqovecqonvp.html Basically, the GDP argument is based on the “Broken Window Falacy” of Bastiat. There are English versions of it

Property Law in the Age of Bitcoin

Property (as defined in legal terms) as is associated with servers, routers, and information systems in general is known in

Tax and Bitcoin — Income tax implications of Bitcoin as money
By Craig Wright | 31 Oct 2018 | Bitcoin & Blockchain Tech, Economics, Law & Regulation, Math

1.1 Overview of the income-tax system From an Australian income-tax perspective, a taxpayer’s country of residence and the source of

True Sale and Insolvency Challenges in ICO Token Sales
By Craig Wright | 31 Oct 2018 | Alternative Coins & Systems, Economics, Law & Regulation

In the English law, “true sale” incorporates the securitisation structures around existing receivables in two forms. We first have to

The scams in Crypto

I will discuss the current state of play in ICOs. In my posts, I will demonstrate categorically that no token

A Bitcoin Smart Risk Contract
By Craig Wright | 30 Oct 2018 | Bitcoin & Blockchain Tech, Economics

In economic terms, we want to assign liability such that the optimal damage-mitigation strategy occurs. The victim of a breach

Taxing Bitcoin — GST implications of Bitcoin as money
By Craig Wright | 29 Oct 2018 | Bitcoin & Blockchain Tech, Economics, Law & Regulation

  1.1 Overview of the Australian GST system GST is a broad-based consumption tax, and is imposed on taxable supplies and

Taxing Bitcoin — Ordinary and tax concepts of “Money”
By Craig Wright | 29 Oct 2018 | Bitcoin & Blockchain Tech, Economics, Law & Regulation

Continuing the look into the use of Bitcoin (BCH) as money we look at the legal definition of “money”. In

Taxing Bitcoin — Introduction.

Bitcoin is money, but it is also a ledger, a commodity and a token. It is all these things and

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

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