An opinion piece by Chris Berg, Sinclair Davidson and Jason Potts, published in APEC Currents, June 2018 Blockchain technology is shaping up as one of the most disruptive new technologies of the 21st century, facilitating an entirely new decentralised architecture of economic organization. While still experimental, it is disrupting industry after industry, beginning with money, […]
A working paper by Chris Berg, Sinclair Davidson and Jason Potts. Available at SSRN. Abstract: Blockchains are the distributed, decentralised ledger technology underlying Bitcoin and other cryptocurrencies. We apply Oliver Williamson’s transactions cost analysis to the blockchain consensus mechanism. Blockchains reduce the costs of opportunism but are not “trustless”. We show that blockchains are trust […]
A working paper by Chris Berg, Sinclair Davidson and Jason Potts. Available at SSRN. Abstract: Identification forms a key part of all but the least sophisticated economic and political transactions. More complex or significant transactions demand more formal identification of the parties involved. In this paper we develop an institutional economics of identity. We distinguish […]
A Medium post by Chris Berg, Sinclair Davidson and Jason Potts. Satoshi Nakamoto said Bitcoin would be “very attractive to the libertarian viewpoint”. The pioneers of cryptocurrencies were cypherpunks or crypto-anarchists who wanted to use this new invention to escape the state’s monopoly on money. We’re sympathetic to this — as we argued in our last Medium […]
Opinion piece by Jason Potts and Marie-Anne Cam Published at The Conversation The Chicago Mercantile Exchange will soon begin trading Bitcoin derivatives (futures contracts), signalling the cryptocurrency is now a mainstream asset class. Bitcoin has had limited use in the mainstream economy in part because the volatility of its price. The value of the currency might go […]
Medium post by Chris Berg, Sinclair Davidson and Jason Potts. For more than three decades economists and cryptographers have been working on the same problem. Neither species has recognised their own work in the other. But it turns out that the question of how to coordinate a society and how to ensure communication can be […]
Opening statement to House Standing Committee on Tax and Revenue Inquiry into Taxpayer Engagement with the Taxation System by Chris Berg and Sinclair Davidson We have been asked to make some points about the effect blockchain and similar technologies will have on taxpayer engagement with the taxation system. The RMIT Blockchain Innovation Hub was established […]
Medium post by Chris Berg, Sinclair Davidson and Jason Potts. The blockchain is a digital, decentralised, distributed ledger. Most explanations for the importance of the blockchain start with Bitcoin and the history of money. But money is just the first use case of the blockchain. And it is unlikely to be the most important. It […]
Opinion piece by Chris Berg, Sinclair Davidson and Jason Potts Published at The Conversation Despite its name, cryptocurrency isn’t just money. It could also be debt or equity and so it should be regulated and taxed in the same way as other finance. The tokens investors get when they buy a cryptocurrency, like Bitcoin, can be […]
Opinion piece by Chris Berg, Sinclair Davidson and Jason Potts Published at Coindesk While cryptoeconomics is already a vibrant research field, the study of the blockchain must not be left solely to computer scientists and game theorists. The rollout of blockchain technology raises complex questions in economics, public policy, law, sociology and political economy. What we […]
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