Frequent flyer miles should be a crypto

Posted by on Oct 3, 2014 in Thoughts | No Comments

This morning I woke to an email I had received from British Airways saying my 7,000 frequent flyer Miles where about to expire.  I had spent a few years living in the UK and with no intention to return, I didn’t have a need for these *points* anyway.  These Miles or points, are effectively a token. […]

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 […]

FineCigars.com.au review

Posted by on Jun 23, 2014 in Payments, Thoughts | One Comment

I heard about finecigars.com.au off CoinDesk.  I was excited to hear they were Brisbane based too.  I emailed the owner of the site and tried to contact them on Facebook to see if they wanted to talk about their site at my Meetup.  I was disappointed when I didn’t hear any reply, but not to […]

Primary School Markets

Posted by on May 14, 2014 in Thoughts | No Comments

Who remembers marbles in the school yard? Innately, we all get alt currencies. Why was marble type A “worth” more than marble B? Because we set our own school yard protocols, we gained mass adoption, and so it was. Pure supply and demand determined marble value. If a new type was flooded into the school […]

Get paid in Bitcoin!

Posted by on May 7, 2014 in Payments, Thoughts | 2 Comments

Lets say the average .net snr salary is around $100,000 pa. With 9% super and tax, take home pay / net pay is about $2,826 per fortnight. Its a reasonable assumption that a professional gets paid fortnightly. Starting 13/5/2013 based on Bitstamps prices on each fortnights pay, the developer would have netted 414.419 Bitcoins which […]

Mixing addresses with Cantor Pairing Function

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

Cantor Pairing Function for n currency addresses. Abstract Given the explosion in altcoins, it will be reasonable to assume that merchants will be accepting a number of different crypto coins as payments.  We are seeing Bitcoin, Litecoin and Dogecoin as the front runners. I propose instead of providing the user with different addresses for each […]