Expand wiki.

concepts/assets.md

@@ -0,0 +1,15 @@
+# Asset Comparison Table
+
+Comparison of different asset classes.
+
+
+|           | Monetary | Deflationary | Use Value | Fundamental Value | Income | Productive | Security | Speculative |
+| --------- | ----- | ------------ | --------- | ----------------- | ------ | ---------- | -------- | -----------  |
+| Currency  | ✔️    | ❌           | ✔️        | ❌                | ❌     | ❌         | ❌       | ❌          
+| Stock     | ❌    | ❌           | ❌        | ✔️                | ✔️     | ✔️         | ✔️       | ✔️             
+| Bond      | ❌    | ❌           | ❌        | ✔️                | ✔️     | ❌         | ✔️       | ❌           
+| Bitcoin   | ❌    | ✔️           | ❌        | ❌                | ❌     | ❌         | ✔️       | ✔️            
+| Commodity | ❌    | *            | ✔️        | ❌                | ❌     | ❌         | ✔️       | ❌           
+| NFT       | ❌    | ❌           | ❌        | ❌                | ❌     | ❌         | ❌       | ✔️            
+
+* (*) depends on the particular commodity

concepts/blockchain.md

@@ -1,3 +1,4 @@
 # Blockchain
-A data structure that maintains a list of transactions that are authenticated using public key cryptography and linked using a hash function.
+A data structure that maintains a list of transactions that are authenticated using public key cryptography and linked using a hash function. A blockchain is a partial ordering of transaction event into windows of discrete time by which the transactions are problematically committed to a shared history which is synchronized via a [consensus-algorithm](consensus-algorithm.md).
 
+A blockchain is the technical underpinnings for [crypto assets](cryptoasset.md) such as [bitcoin](bitcoin.md) and [ethereum](ethereum.md).

concepts/cartel.md

@@ -1,5 +1,5 @@
 # Cartel
 
-An economic cartel use a non-public agreement to restrict the supply or fix the price of an asset. A cartel is a formal type of [market-manipulation](market-manipulation.md). Cartels are considered to be against the public interest.
+An economic cartel use a non-public agreement to restrict the supply or fix the price of an asset. A cartel is a formal type of [market-manipulation](market-manipulation.md). Cartels are considered to be against the public interest because of the potential [asymmetric-information](asymmetric-information.md) to reduce trust in [markets](market.md).
 
-Crypto exchanges operators act as economic cartel which can distort price formation. See [stablecoin](stablecoin.md).
+Crypto exchanges operators act as economic cartel which can distort [price-formation](price-formation.md). See [stablecoin](stablecoin.md).

concepts/cbdc.md

@@ -1,9 +1,10 @@
 # Central Bank Digital Currency
-A digital [currency](currency.md) issued by a [central-banks](central-banks.md).
+A digital [currency](currency.md) issued by a [central-banks](central-banks.md) often shorted as CBDC. The implementation and wise-scale use of CBDCs is a hypothetical technology. Many experimental implementations do not use a [blockchain](blockchain.md) and are based on centralized database technologies and do not require a [consensus-algorithm](consensus-algorithm.md). This makes CBDCs technical underpinnings significantly distinct from [crypto asset](cryptoasset.md) which are allegedly [decentralized](decentralization.md).
 
 ## Examples
 
 * Chinese Digital Yuan
+* Bahama Sand Dollar
 
 ## References
 

concepts/market.md

@@ -1,2 +1,4 @@
 # Market
-A market is defined as the sum total of all the buyers and sellers with regards to the buying and selling of assets. The purpose of a market is to do price discovery to determine [market-value](market-value.md) of goods and services.
+A market is defined as the sum total of all the buyers and sellers with regards to the buying and selling of assets. The purpose of a market is to do [price discovery](price-formation.md) to determine [market-value](market value.md) of goods and services.
+
+The business of creating markets is known as [market making](market-maker.md). The business of [gambling](gambling.md) is not market making as no goods or services are exchanged.

concepts/private-money.md

@@ -1,6 +1,6 @@
 # Private Money
 
-A [currency](concepts/currency.md) issued by a private party instead of a nation state.
+A [currency](concepts/currency.md) issued by a private party instead of a nation state or [central-banks](central-banks.md).
 
 ## American Wildcat Banks
 

concepts/web3.md

@@ -1,5 +1,5 @@
 # Web3
-An umbrella marketing term for a variety of endeveaours to integrate [cryptoasset](cryptoasset.md), [nft](nft.md), [dao](dao.md), [defi](defi.md) and [smart-contracts](smart-contracts.md) into existing internet infrastructure.
+An umbrella marketing term for a variety of endeveaours to integrate [crypto asset](cryptoasset.md), [nft](nft.md), [dao](dao.md), [defi](defi.md) and [smart-contracts](smart-contracts.md) into existing internet infrastructure.
 
 ## Citations