Posts in Alternative Coins & Systems

This umbrella document describes a distributed platform open to public participation for managing the automation of tasks that interfaces with a Blockchain protocol. Although it is to be...

We present an analysis of the establishment and execution of contractual agreements embodied as deterministic finite automata (DFA). The contract for a European call option is used as an example...

We define a codification scheme for the states of deterministic finite automaton (DFA) [1]. Contrary to usual practice, the codification itself is machine-readable, i.e., there is an algorithm...

Background In a fair exchange protocol two parties either both honour an exchange (such as a contract), or neither of them do. It is known that deterministic fair exchange is impossible without a...

Honestly I find it difficult to understand why people do not get the idea of why errors and low-quality software occur. All software development is an economic function. Every addition, a change...

Both electronic and paper documents are subject to tampering. The discovery of collisions has demonstrated that the process of signing a hash signature is not without its own vulnerabilities. In...

Ron Coase made several errors in his theory of transactional processes in economics. Most critically, he has failed to note the value of property.   Property rights include the right to have and...

Introduction The Bill of Lading is a document unique document as its negotiability fulfils several purposes. These documents have led to a range of instruments and conventions within international...

There is a small correlation between the effects of security and simplicity. This use of complexity for its own sake (See ETH, Core etc) will not add and may remove security. Likewise, simplicity...

One of the fundamental arguments posed against Bitcoin is that it is deflationary in nature. The misinformed argument made by many prominent government economists is that this will result in...