The book of Job in the Bible is especially meaningful when read in conjunction with the Gospels. Here, two different stages in the plan and heart of God’s salvation are stated, and in between is inserted the entire history of Israel, the age of the Law. Although the book of Job comes after the books of the law in the Bible, the events in the book took place in a time before the law was… Read More »Job and people of the heavenly kingdom
None of the books in the Bible were written because something happened by chance first, and God found it interesting enough to record it and put it in the Bible. All of them were done according to God’s plan. God’s plan was that man, who was temporarily smaller than the angels, would receive the life of the Son of God in Jesus Christ and become sons of God to glorify God, the Creator of all… Read More »Job and his friends
Hyperbitcoinization is a term coined by Daniel Krawisz to describe the phenomenon of a fiat money being replaced by bitcoin at a hyperspeed with exponential acceleration. The concept is similar to hyperinflation in which a fiat money is replaced by an alternative money, except that in hyperinflation, a fiat money is replaced by another fiat or in some cases something even worse, but in hyperbitcoinization a fiat is replaced by a superior money, namely bitcoin.… Read More »What about Hyperbitcoinization?
A post on Twitter summarizes how Merkle tree works, but has caused some debates. To be fair, the original post did a fairly good job to explain Merkle tree, albeit quite basic, not nearly as deep as how Dr. Craig S. Wright explained it in Merkle Trees and SPV, and further in Simplified Payment Verification. But as the two BSVers pointed out in Twitter replies, with its limited block size BTC does not need a… Read More »Merkle Tree and Bitcoin
What does it really mean to believe in Jesus Christ and be a Christian? What is the point of believing anyway, when everyone has one life to live and expects death, a common end? Why does God care so much about whether we believe or not? There is a common misconception behind these questions: that faith is a subjective idea that originates in a person’s mind, which is human, and therefore, its meaning is found only in… Read More »God’s Plan and the History of Man
Statements of purpose: In this document, we first point out the existing problems in the field of blockchain and cryptocurrencies, but it is not our belief that a crackdown by the US government can be the primary solution to the problem. Rather, our focus is to point out the right direction of the technological development...
Read more... The full content of this chapter is available in the two-volume book:
Volume I: Digital Humanity’s Truth Layer - The New Internet, its Authenticity Layer, and Applications
Introduction
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Volume II: Bitcoin, Blockchain, and Beyond - Essays of Science, Economics, Law, Ethics, and Controversies
Introduction
(coming soon)
On a rare slow Friday, I found myself in a musing of the Monty Hall problem. You know the famous brainteaser, a probability puzzle in which you are a player in the game of guessing in order to win a prize. There are three doors closed, and behind each door is either a goat or a car, and whatever you have picked will be the prize for you. Of course, you want the car, not… Read More »Bayesian probability and the Monty Hall problem
From an abstract point of view, the three most fundamental elements of the human economic and financial system are: (1) creation of value (2) definition of value (3) transaction of value. Creation of value ‘Creation of value‘ is the central purpose of a productive economy. It should not be controversial to say that value is...
Read more... The full content of this chapter is available in the two-volume book:
Volume I: Digital Humanity’s Truth Layer - The New Internet, its Authenticity Layer, and Applications
Introduction
Order on Amazon
Volume II: Bitcoin, Blockchain, and Beyond - Essays of Science, Economics, Law, Ethics, and Controversies
Introduction
(coming soon)
Ethereum is about to switch from Proof-of-Work (PoW) to Proof-of-Stake (PoS). It is a predictable stage of corruption for an account-based system like Ethereum (see below). But it is incredible that people, even institutional investors, actually thought PoS was going to scale Ethereum. It’s scientifically impossible, because scalability has to do with parallelization, which is...
Read more... The full content of this chapter is available in the two-volume book:
Volume I: Digital Humanity’s Truth Layer - The New Internet, its Authenticity Layer, and Applications
Introduction
Order on Amazon
Volume II: Bitcoin, Blockchain, and Beyond - Essays of Science, Economics, Law, Ethics, and Controversies
Introduction
(coming soon)
The biggest structural and elemental difference between Bitcoin and Ethereum is that the former uses Unspent Transaction Output (UTXO) while the latter uses an account-based model. UTXO is like cash, In that every bill or coin is independent from each other. As long as a dollar bill itself is authentic, the validity of a transfer...
Read more... The full content of this chapter is available in the two-volume book:
Volume I: Digital Humanity’s Truth Layer - The New Internet, its Authenticity Layer, and Applications
Introduction
Order on Amazon
Volume II: Bitcoin, Blockchain, and Beyond - Essays of Science, Economics, Law, Ethics, and Controversies
Introduction
(coming soon)