Trust in Smart Contracts

Trust in Smart Contracts

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...

Posted on 2018-10-07
Scenario 1: Public Registry of an Asset

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
Creating a Smart Contract Registry

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
Scenario 5: Contract Conditionality

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

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 3: Lease Contract

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
Scenario 2: Creation and Registry of an Asset

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
Hidden costs

Hidden costs

The flaw in stating that economic calculations cannot be conducted is the constant cry that not all costs can be calculated. This is true to an extent, but like all good sophisms, only to a...

Posted on 2018-10-06
The Labour Fallacy of Bitcoin Value

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

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