Economics
The Imbalance of Payments
It has commonly come to be believed that what is generally associated with the fallacy known as the “balance of [...]
Subsidised Growth
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
A part of the reason for the number of bitcoin relates to a simple sequence that allows you to see [...]
Reversing Illicit Transactions on Bitcoin Is Simple
There is a lie that is propagated by those who seek to falsely claim that Bitcoin was created as an [...]
Logical Fallacies and the SCADA Problem
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
In today’s post, I will go back to 2012: Panopticrypt had been running since 2011, and I was ready to [...]
The GST Story
The following is why you do not pay VAT or GST on Bitcoin. In January 2014, the Australian government argued [...]
Satoshi and the Sophists
U.S. Supreme Court Justice Louise Brandeis wrote: “Publicity is justly commended as a remedy for social and industrial diseases. Sunlight [...]
Economic Security
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
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
There is a long-standing puzzle within Bitcoin that has not yet been solved correctly: why did I use a double [...]