Economics


The Imbalance of Payments
By Craig Wright | 05 Aug 2019 | Alternative Coins & Systems, Economics, Math

It has commonly come to be believed that what is generally associated with the fallacy known as the “balance of [...]

Subsidised Growth
By Craig Wright | 29 Jul 2019 | Bitcoin & Blockchain Tech, Economics, Law & Regulation

When I started the Bitcoin network, the Bitcoin-Qt client was designed to both mine and act as a wallet. As [...]

Zeno’s Paradoxes and Bitcoin
By Craig Wright | 26 Jul 2019 | Bitcoin & Blockchain Tech, Economics, Philosophy

A part of the reason for the number of bitcoin relates to a simple sequence that allows you to see [...]

Logical Fallacies and the SCADA Problem
By Craig Wright | 16 Jul 2019 | Alternative Coins & Systems, Economics, Law & Regulation

The arguments for extreme events are interesting, and one has to wonder about the motivation for them. The argument that [...]

From the Bygone Days of Yore — Part 1
By Craig Wright | 03 Jun 2019 | Bitcoin & Blockchain Tech, Economics, Philosophy

In today’s post, I will go back to 2012: Panopticrypt had been running since 2011, and I was ready to [...]

The GST Story
By Craig Wright | 29 May 2019 | Bitcoin & Blockchain Tech, Economics, Law & Regulation

The following is why you do not pay VAT or GST on Bitcoin. In January 2014, the Australian government argued [...]

Satoshi and the Sophists
By Craig Wright | 23 May 2019 | Bitcoin & Blockchain Tech, Economics, Philosophy

U.S. Supreme Court Justice Louise Brandeis wrote: “Publicity is justly commended as a remedy for social and industrial diseases. Sunlight [...]

Economic Security
By Craig Wright | 22 May 2019 | Bitcoin & Blockchain Tech, Economics

Reorgs and orphan blocks are not an issue with Bitcoin. To say that they are is to compound two separate [...]

Money is a measuring stick
By Craig Wright | 14 May 2019 | Bitcoin & Blockchain Tech, Economics

Something that people don’t seem to understand well is that money is not in itself a valuable. Money is simply [...]

The puzzle of the double hash
By Craig Wright | 30 Apr 2019 | Bitcoin & Blockchain Tech, Economics, Math

There is a long-standing puzzle within Bitcoin that has not yet been solved correctly: why did I use a double [...]

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