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Saturday, December 27, 2008
Bit gold markets
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The basic idea of bit gold is for "bit gold miners" to set their computers to solving computationally intensive mathematical puzzl...
17 comments:
Bit gold
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A long time ago I hit upon the idea of bit gold. The problem, in a nutshell, is that our money currently depends on trust in a third party ...
32 comments:
Saturday, October 11, 2008
Origins of the joint-stock corporation
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The modern joint-stock corporation has many sources in medieval Europe. First among these was corporate law itself. Although the era is comm...
2 comments:
Emergency economics
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For those of you who didn't catch me on econ-law a few months ago [2005] during the hurricanes, here is an expanded version of what I po...
3 comments:
Monday, September 22, 2008
Patent goo: self-replicating Paxil
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In his novel Cat’s Cradle, science fiction writer Kurt Vonnegut postulated “Ice-9.” Ice-9 was a form of water that was frozen at room temper...
7 comments:
The
kula
ring
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Just off the cost of New Guinea, Melanesians evolved (over thousands, and perhaps even tens of thousands, of years) a unique commercial inst...
2 comments:
Sunday, September 07, 2008
A letter from the industrial revolution
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Images: Copper halfpenny minted by the Darbies' Coalbrookdale Company and celebrating the Iron Bridge. Here's an interesting letter ...
5 comments:
The principle of least authority
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I've written an article on my application of the principle of least authority to the interpretation of legal language. I argue that t...
2 comments:
Thursday, August 28, 2008
Antiques, time, gold, and bit gold
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What do antiques, time, and gold have in common? They are costly, due either to their original cost or the improbability of their history, ...
Wednesday, August 27, 2008
Flying money: a brief overview
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Abstract money today primarily involves accounts and other computerized bits, but traditionally came in the form of paper. The Chinese, who...
3 comments:
Sunday, August 24, 2008
Smart contracts expand credit opportunities
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Way back in 1994 I wrote the following (the "keys" here were envisioned as digital codes acting as car keys): If a loan was taken ...
2 comments:
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