Economics


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…

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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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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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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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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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Decentralised or just inefficient?

By Craig Wright | 26 Apr 2019 | Bitcoin & Blockchain Tech, Economics

Let us do a little thought experiment. Later in the year, I’ll be talking about a way of doing serialised…

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The “Perfect” Firewall….

By Craig Wright | 20 Apr 2019 | Bitcoin & Blockchain Tech, Economics

Security is a story of economics. It is about risk. In my time in the industry, I’ve worked for a…

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We don’t want to lead with “anonymous”

By Craig Wright | 17 Apr 2019 | Bitcoin & Blockchain Tech, Economics

One thing I’ve learnt during my time with Bitcoin is how important it is to choose your words carefully. Privacy…

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Bitcoin is not against banks

By Craig Wright | 14 Apr 2019 | Alternative Coins & Systems, Bitcoin & Blockchain Tech, Economics

Forget the lies you have been told about Bitcoin. Bitcoin doesn’t stop banking, it doesn’t even stop central banks. In…

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Patent wars…

By Craig Wright | 13 Apr 2019 | Bitcoin & Blockchain Tech, Economics, Law & Regulation

Blockstream raised USD60 million on the promise of 2 patents. The patents are: Cryptographically concealing amounts transacted on a ledger…

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Forget anonymity

By Craig Wright | 10 Apr 2019 | Economics, Law & Regulation

The Fifth Anti-Money Laundering Directive (“MLD5”) was published in the Official Journal of the EU on 19th June, 2018, and…

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