The Game of Chicken

There is only one way to play chicken. And, it is best, if others know what game you are playing. First, you build up capital. That is, enough high explosive (or the equivalent in business terms)...

Posted on 2018-10-15

The tax implications of bitcoin as money

As Bitcoin does not need to be held or processed by a financial institution[1], many people have concluded that they can bypass tax obligations[2] with bitcoin and other cryptocurrencies.   There...

Posted on 2018-10-14

A Proof of Turing completeness in Bitcoin Script

Continuing on an early set of drafts that I will publish fully in time, http://papers.ssrn.com/sol3/papers.cfm?abstract_id=3265157 The concept of a Turing machine has been well defined {[17],...

Posted on 2018-10-12

The collectivist insanity

The syllogism goes - Socialism has been a failure everywhere it has been tried; This fact is known and everyone acknowledges this (including the socialists); and We need to try more socialism.  ...

Posted on 2018-10-12

What is Bitcoin….

Bitcoin is a “crypto-currency”, a form of digital or virtual currency using cryptography to control its creation and operation. Bitcoin was first launched in 2009, when the Bitcoin algorithm was...

Posted on 2018-10-12

Bitcoin: A Total Turing Machine

  Today I have released a draft of a paper I started in 2014, “Bitcoin: A Total Turing Machine”. It is available on SSRN. This is an intro. Download it if you want to read more. Bitcoin: A Total...

Posted on 2018-10-12

Bitcoin (BCH) Vending machine

In this post, we look at what it would take to create a Bitcoin (BCH) Vending machine. In order to create a Bitcoin vending machine, we need to think about risk. This is not a desire for perfect...

Posted on 2018-10-10

Personal Security Device

The last week, another of the patent applications related to my papers received a grant. This research proposes a methodology to encrypt the content of a device (for instance, a laptop) without...

Posted on 2018-10-09

Scenario 1: Public Registry of an Asset

In this scenario, Bob decides to publish his ownership of an asset (e.g. his home) onto the Blockchain. Nothing else is done at this stage; it is simply an asset that may then get used in...

Posted on 2018-10-06

Scenario 5: Contract Conditionality

In this situation, Bob enters into a contract with a pool of builders to deliver a new property, and specifies a number of conditions within the contract that require independent sign-off (the...

Posted on 2018-10-06