Crypto-inflation

Posted by on Sep 30, 2014 in Technical, Thoughts | No Comments

Throughout this article I will reference Bitcoin, however the same logic applies to all cryptocurrencies available today. Many people once touted fixed supply as one of Bitcoin’s strengths. I knew this wasn’t valid for one fundamental reason; inflation is a symptom of a healthy modern economy. Capitalist economies prosper when money exchanges hands, ie. people […]

Bitcoin as a gift

Posted by on Sep 29, 2014 in Thoughts | No Comments

Its September. For me that means a lot of birthdays, two brothers and my dad, a few aunts and uncles and what feels like 100’s of cousins and nephews. Now I don’t know if this is a generation thing, but my nephews have no problems sending me Facebook messages not only reminding me its their […]

Park with coins

Posted by on Sep 25, 2014 in Thoughts | No Comments

This morning on Brisbane City Council’s twitter feed I saw a post “Parking meters are having problems with Credit Card payments”.  I replied with the cheeky “When will parking meters take bitcoins?”  This got me thinking:  Rolling out credit card infrastructure is hard.  The council must install these boxes that are connected back to some head […]

Ordinary Differential Equations and bitcoin mining

Posted by on Sep 22, 2014 in Mining, Technical, Thoughts | One Comment

Calculus is the language in which God wrote the universe.  Differential equations exist everywhere in nature.  An example is the predator prey model (Lotka–Volterra equation).  The population of rabbits grow;  as there an increased supply of prey for the foxes to eat so the population of the predator (foxes) also grow.  This of course creates […]

BTC & LTC: GST, VAT, TVA, IVA & PPN

Posted by on Sep 21, 2014 in Merchants, Payments, Thoughts | No Comments

Last week’s Meetup was about buying and selling Bitcoins, but as often is the case, discussions often wander across a range of interesting topics. That week someone asked about tax implications and I thought it was an important enough topic worthy of further investigation. We had two tax accountants in the audience so some of […]