economics

The Sovereignty of Blockchains

Public blockchains such as Bitcoin, Ethereum, Hive, and EOS are supranational organizations of people cooperating to reach consensus. This means they exist in a realm beyond the jurisdiction of any country. It is the supranational nature of blockchain that creates the potential to provide freedoms that exist outside the absolute...

More Equal Animals Book Released

Today I am excited to announce that my book, “More Equal Animals - The Subtle Art of True Democracy” available for download by all. It is also available in print and e-book formats. This book represents the culmination of years of research and soul searching. Its contents give a roadmap...

Infinitely Scalable and Private Digital Cash

How to securely send cryptocurrencies without an internet connection and no fees.

The Ideal Cryptocurrency

This article explores the properties of an ideal cryptocurrency and compares it to Bitcoin

Universal Earned Income has nothing to do with Earning

Words that are systematically abused in ways contrary to their meaning are weapons of mass deception and cultural destruction.

Promises vs Smart Contracts

There are many reasons why mere promises shouldn’t be enforceable. A defense of the title transfer theory of contract.

It’s Time for Smarter Contracts

Traditional contracts are fraught with problems, it is time to rethink the structure and enforcability of all contracts whether or not we encode them in software as smart contracts.

Trustless Contracts overcome Artificial Restrictions

Anyone designing smart contracts that attempt to rely upon artificial limits, such as fees or time locks, to enforce a certain game theory outcome should read this article first.

In Defense of Universal Resource Inheritance

After introducing URI many libertarians took issue with the morality of 5% wealth tax. This post describes one way it could be implimented.

Universal Resource Inheritance

A logically consistent theory of property rights derived by fairly allocating the natural, unearned, resources of the universe across all generations.

The Limits of Crypto-Economic Governance

My response to Vitalik Buterin's critique of my Delegated Proof of Stake consensus algorithm.

Grand Unified Political Theory

An attempt to reconcile differences among anarchy, libertarianism, socialism, and capitalism with universal inheritance similar to universal basic income.

What would a legitimate Universal Basic Income buy?

An estimate of the value of a sustainable and morally justifyable Universal Basic Income.

Allocating the Unearned Resources of the Universe

Everything in the universe is initially 'unowned', so how should we allocate it fairly?

The basics of Basic Income

An economic analysis of universal basic income (UBI) and reasons why it isn't economically or morally viable.

Public Goods and the Public Good

It isn’t easy taking a hard line against violence while searching for viable solutions to secure the life, liberty, and property for all. I don’t just preach non violence and then hope for the best, I actively look for creative solutions that can be implemented today. Every now and then...

Is Fractional Reserve Banking a Ponzi Scheme?

Fractional reserve banking has been practiced almost since the beginning of banking. It is at the heart of all bank runs and is the reason the Federal Reserve was created. I have long believed fractional reserve lending to be an inherent evil leading to the inflation of the money supply...

BitShares as a Bank - The origin of the DAC

A description of the economics of BitShares and the origin story for how term Decentralized Autonomous Companies came into use.