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

Scenario 4: Rolling Contract

In this situation, Bob decides to lease a laptop from Eve on a rolling annual basis, where he needs to provide two months’ notice to cancel the lease at the renewal date otherwise it will...

Posted on 2018-10-06

Scenario 2: Creation and Registry of an Asset

This is a slightly enhanced version of scenario 1 where Bob wants to publish the asset onto the Blockchain, but doesn’t want to directly reveal his ownership. In this situation, Bob first creates...

Posted on 2018-10-06

Scenario 3: Lease Contract

In this situation, Bob takes out a lease contract with Eve for a fixed term of three years. The terms of the contract will specify a number of payments (which are detailed within later posts) and...

Posted on 2018-10-06

Creating a Smart Contract Registry

This post is the first in a series to describe a number of important methods that are needed in creating commercially viable contracts in Bitcoin (BCH). We will cover: How a contract, or...

Posted on 2018-10-06

The Labour Fallacy of Bitcoin Value

The error made in the argument that free movements of people will “take our jobs” is that of a fixed labour pie. This is the same fallacy we see used to justify the price of Bitcoin. There is an...

Posted on 2018-10-05

The infinite money fallacy

There is a mistaken notion that an infinite number of monkeys, if given time and an infinite number of sturdy (monkey-resistant) typewriters, will come up with any number of historical texts.  ...

Posted on 2018-10-04

Security in a world of IPv6 and Bitcoin

We are starting to move to IPv6 and the cloud. Right now, the uptake is minimal at best with very few early adopters for all of the hype. That said, the climate is changing. Soon, IP addresses...

Posted on 2018-10-03

Bitcoin as a Notary

I was forwarded one of the most ignorant concepts of what Bitcoin (and for that matter Blockchain) is about earlier today. This would be a part of the problems that are associated with the false...

Posted on 2018-10-01

Bitcoin and Contracts

There are a number of contractual issues that used to be associated with e-mail that apply to Bitcoin today. There were for example, numerous debates over the applicability of the postal rule for...

Posted on 2018-09-29