Statistical Economics

This post was updated on 3-13-14 to include discussion on the fundamental eigenvalue and the concept of criticality. If you have read the original post the additional discussion is at the very en...

https://statisticaleconomics.org/2014/03/13/quantifying-the-value-of-bitcoin-2/

Mt Gox presents an interesting view into the world of Bitcoin. Here is a company that helped raise Bitcoin to where it is today, the CEO was on the board of directors of the Bitcoin Foundation, a...

https://statisticaleconomics.org/2014/02/24/caveat-emptor-lessons-from-mt-gox-collapse/

I am grateful to see the Bill and Melinda Gates foundation identify three myths that affect the global poor. I will clarify the first myth–providing additional insights. If our goal is to end g...

https://statisticaleconomics.org/2014/01/24/power-for-the-people-a-cryptographic-and-nuclear-renaissance/

“History never repeats itself but it rhymes.” -Mark Twain What is it like to live during a formative change in humanity? I think the answer is much like it is today. After a tip off to read B...

https://statisticaleconomics.org/2014/01/21/the-second-renaissance-bitcoin-in-historical-perspecitve/

Ideas come and ideas go. And some ideas, you just can’t shake. For about a year, I’ve been working on sketching out a framework for how to use contracts based on Bitcoin (capital B is the pro...

https://statisticaleconomics.org/2014/01/10/peer-to-peer-government-guarding-the-guardians/

Alt-Market posted a critique about Bitcoin that I thought was myopic and missed the key attributes of the protocol and currency and the movement that surrounds it. Please read the original here. ...

https://statisticaleconomics.org/2014/01/08/my-response-to-bitcoin-the-sexiest-non-solution-of-all-time/

I had a random idea a while back and decided to chase it down. I saw that Gibbs method of statistical mechanics relies on operations of certain distribution functions, like the Gamma distribution...

https://statisticaleconomics.org/2014/01/05/progressives-beware-why-what-you-think-you-know-about-economics-just-aint-so/

I looked at the distribution of transactions of 1 hour of the block chain (269609 to 269618). I parsed the blockchain into two sets of transactions: originating and receiving addresses. I examine...

https://statisticaleconomics.org/2013/11/29/measuring_the_complexity_of_bitcoin/

Theft is a strong word. It requires two things, desire and a lack of consent. One party desires something from another and takes it without their consent. Simple. My current project is developing...

https://statisticaleconomics.org/2013/11/13/theft-at-the-grandest-scale/

There has been some discussion in the news about inflation. Japan is actively pursuing inflationary policy with the Yen. The Federal Reserve is not backing off of its Quantitative Easing, taper-o...

https://statisticaleconomics.org/2013/11/07/the-chilling-effect-of-inflation/