1.The goods-character of goods of higher order depends on the command of corresponding complementary goods
When we have first order goods it is in our power to use them to satisfy our direct needs. Second order can also satisfy our needs should we have the power to transform them. Similarly should we have third order goods at our disposal we would have the power to transform them into corresponding goods of second order and these in turn into corresponding goods of first order. Hence we can transform goods of third and higher order to the satisfaction of our needs if we have the power to transform them.
Continue reading "Notes on The Laws Governing Goods-Character"
It is necessary to classify the vaious goods according to their inherent characteristics. To learn the place that each good occupies in the causal nexus of goods. And finally to discover the economic laws that they are subject to.
Our well being at any point of time to the extent that it depends upon the satisfaction of our needs is assured if we have at our disposal the goods required for their direct satisfaction.
If we have sufficient amount of bread, we are in a position to satisfy our need for food directly. The causal connection between the bread and satisfaction of our need is rather a direct one.
Continue reading "Notes on The Causal Connection between Goods"
All things are subject to the law of cause and effect. There is no exception.
One's own person and any of its state are links in the great universal structure of relationships.
It is impossible to conceive of a change of one's person from one state to the other without being subject to the law if causality.
For example one passes from a state of need to a state of satisfaction, sufficient causes for this change must exist. Either one's internal forces are acting to remedy the disturbed state Or external forces acting upon it that can produce the state we call satisfaction.
Continue reading "Notes on the General Theory of Goods"
Here we try to understand the contradiction that, although water is more useful and important for survival, it commands less value than diamond.
Continue reading "Notes on the Paradox of Value (diamond–water paradox)"
- Derive publicly shareable address
- Deterministically derive new address from HD keys
The serialized bitcoin address consists of
- 1-Byte version prefix (mainnet or testNet)
0x00 or 0x6F
- 20-Byte hash digest (double hashed public key)
- 4-Byte checksum
The serialized format is encoded in base58, the hash of the public key can be compressed or uncompressed
Continue reading "Notes on deriving Bitcoin addresses using Libbitcoin"