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Background In a fair exchange protocol two parties either both honour an exchange (such as a contract), or neither of them do. It is known that deterministic fair exchange is impossible without a trusted third…

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…

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Shades of Black…

By Craig Wright | 24 May 2019 | Bitcoin & Blockchain Tech, Law & Regulation, Philosophy

If you believe the government cannot stop any cryptocurrency, you’re deluded. Bitcoin will work because it stays within law in…

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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…

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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…

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Funding and rights

By Craig Wright | 20 May 2019 | Bitcoin & Blockchain Tech, Law & Regulation

My personal bitcoin and the ones owned by the company were two different things. The ones that were being used…

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Why code must not be law

By Craig Wright | 18 May 2019 | Bitcoin & Blockchain Tech, Law & Regulation

In early 2014, I had a company called Hotwire in Australia that had just under 50 staff members. In December 2013, with…

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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…

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Crypto flim-flam

By Craig Wright | 13 May 2019 | Bitcoin & Blockchain Tech

Unfortunately, every new technology opens up opportunities for the flim-flam man and night singer. It is no different with my…

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Custodial standards

By Craig Wright | 10 May 2019 | Alternative Coins & Systems, Bitcoin & Blockchain Tech

In the credit card industry, there is a security framework known as PCI-DSS. It represents really a minimal security level for…

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Don’t be fooled — Bitcoin is not BTC

By Craig Wright | 08 May 2019 | Bitcoin & Blockchain Tech

In order to clear up some areas around my history as the creator of Bitcoin for people, I need to…

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