Posts in Bitcoin & Blockchain Tech

Investment in Bitcoin should be treated as any other investment in an emolument, “which could be converted into money might reasonably be regarded as money”, and taxed under the same provisions....

1.1 Overview of the income-tax system From an Australian income-tax perspective, a taxpayer’s country of residence and the source of income are important. This is because an Australian resident...

Property (as defined in legal terms) as is associated with servers, routers, and information systems in general is known in the law as consisting of “chattels”. Servers are chattels. The data are...

In economic terms, we want to assign liability such that the optimal damage-mitigation strategy occurs. The victim of a breach will mitigate their damages where no damages for breach apply in...

  1.1 Overview of the Australian GST system GST is a broad-based consumption tax, and is imposed on taxable supplies and taxable importations. It is generally the entity making the taxable supply...

Continuing the look into the use of Bitcoin (BCH) as money we look at the legal definition of “money”. In particular in this piece, I will look at money under the Australian law, and later take...

First, we need to note that Bitcoin is an economic system and in economics, incentives and intent matter. The loss of an address is not the same as intentionally destroying keys. For a start, the...

Right now, disk storage doubles each year in capacity. CPU power doubles each 18 months. Fibre speeds and capacity double each 9 months.   This is exponential growth in a wide scale. This is the...

The main advantage to a system’s engineering approach is the ease with which it can be automated. Various inputs and formula can become inputs into a neural network algorithm (Fig. 1). Equations...

In law, when presenting evidence to a court, there exists a rule on the exclusion of hearsay as evidence.   Before admitting evidence, a court will generally ensure that it is both the relevant to...