Economics


The error in Coase

By Craig Wright | 02 Oct 2018 | Alternative Coins & Systems, Economics

Ron Coase made several errors in his theory of transactional processes in economics. Most critically, he has failed to note…

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The application, scope and limits of Letters of Indemnity in Bitcoin Contracts

By Craig Wright | 30 Sep 2018 | Alternative Coins & Systems, Bitcoin & Blockchain Tech, Economics, Law & Regulation

Introduction The Bill of Lading is a document unique document as its negotiability fulfils several purposes. These documents have led…

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Bitcoin and Contracts

By Craig Wright | 29 Sep 2018 | Bitcoin & Blockchain Tech, Economics, Law & Regulation

There are a number of contractual issues that used to be associated with e-mail that apply to Bitcoin today. There…

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The postal acceptance rule in Bitcoin

By Craig Wright | 27 Sep 2018 | Bitcoin & Blockchain Tech, Economics, Law & Regulation

The postal acceptance rule states that where an acceptance is to be sent by post, the contract associated with that…

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Hoarding and Bitcoin

By Craig Wright | 24 Sep 2018 | Alternative Coins & Systems, Bitcoin & Blockchain Tech, Economics

One of the fundamental arguments posed against Bitcoin is that it is deflationary in nature. The misinformed argument made by…

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Where have all the unskilled jobs gone?

By Craig Wright | 23 Sep 2018 | Bitcoin & Blockchain Tech, Economics

Let us for today imagine it is 20 years from now. Two decades have passed from today. Imagine we are…

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Economic convergence

By Craig Wright | 22 Sep 2018 | Bitcoin & Blockchain Tech, Economics

The world of automation is already changing society.   Having a bent for maths and statistics, I decided to take…

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How Bitcoin helps reduce Poverty

By Craig Wright | 21 Sep 2018 | Bitcoin & Blockchain Tech, Economics

Many love to say how fixing poverty is a simple matter of reallocation. It is not. It is better to…

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Q&A/Written Interview — The answers — Part 4

By Craig Wright | 19 Sep 2018 | Alternative Coins & Systems, Bitcoin & Blockchain Tech, Economics, Law & Regulation, Math, Philosophy

I shall continue answering in order. The original questions are posted here. And, you may see responses in part 1. And…

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Q&A/Written Interview — The answers — Part 3

By Craig Wright | 18 Sep 2018 | Alternative Coins & Systems, Bitcoin & Blockchain Tech, Economics, Law & Regulation, Math, Philosophy

The original questions are posted here. And, you may see responses in part 1. And the last post for part…

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Q&A/Written Interview — The answers — Part 2

By Craig Wright | 17 Sep 2018 | Alternative Coins & Systems, Bitcoin & Blockchain Tech, Economics, Law & Regulation, Math, Philosophy

I shall continue answering in order. The original questions are posted here. And, you may see yesterday’s responses in part…

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Are the Poor Exploited?

By Craig Wright | 17 Sep 2018 | Economics

In 2012, the US trade with Sub-Saharan Africa (SSA) came to a total of $48 billion [1] as a combination…

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