Economics


Account and Transfer Systems.

By Craig Wright | 22 Dec 2018 | Economics, Law & Regulation

Most payment systems today are based on the deposit of funds and the transfer of credit from one party’s account…

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Expectation of Profits

By Craig Wright | 20 Dec 2018 | Alternative Coins & Systems, Economics

The US Howey case used the Expectation of Profit as an element in International Brotherhood of Teamsters vs Daniel. Daniel…

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Currency

By Craig Wright | 19 Dec 2018 | Economics, Math

Coins remain legal tender without having an economic basis in specie. They hence, as with paper notes, rest on the…

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Private blockchains are a matter of economic forces

By Craig Wright | 18 Dec 2018 | Bitcoin & Blockchain Tech, Economics

The issue of “private blockchains” comes to a purely economic outcome. The issue of public vs private is, and has…

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BLOCKCHAIN Based Accounting:

By Craig Wright | 14 Dec 2018 | Bitcoin & Blockchain Tech, Economics

For more details see the following link: CRYPTOGRAPHIC METHOD AND SYSTEM FOR SECURE EXTRACTION OF DATA FROM A BLOCKCHAIN Executive…

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The lie of anarchy

By Craig Wright | 13 Dec 2018 | Bitcoin & Blockchain Tech, Economics

The lie of anarchy and the true value in Bitcoin Many have thought that Bitcoin was in some manner designed to…

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Bitcoin is a commodity

By Craig Wright | 12 Dec 2018 | Bitcoin & Blockchain Tech, Economics, Law & Regulation

Ledger space in a sound, immutable ledger is a commodity. It has value. The trouble is that many think they…

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Instant transactions

By Craig Wright | 09 Dec 2018 | Bitcoin & Blockchain Tech, Economics

The “FUD” around Bitcoin is deep, but we shall start to clear it up. The truth is, most things in…

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Valuing systems — the margin of substitute goods.

By Craig Wright | 25 Nov 2018 | Economics

In order to value a cryptocurrency, we need to start with what it really is and what a substitute good…

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Bitcoin is for Business

By Craig Wright | 20 Nov 2018 | Bitcoin & Blockchain Tech, Economics

The goal of Bitcoin is to be cash, but there is only one way to achieve this. Bitcoin must be…

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Taking care of Business.

By Craig Wright | 18 Nov 2018 | Bitcoin & Blockchain Tech, Economics, Law & Regulation

Going forward we will start to open up and allow business use of the Bitcoin blockchain. Bitcoin scales, and we…

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Set in Stone

By Craig Wright | 15 Nov 2018 | Bitcoin & Blockchain Tech, Economics, Law & Regulation

Bitcoin was designed from the start to be a form of stable money, that is: it has a set amount,…

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