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Understanding the objective necessity of global changes may help peace

These Twitter posts by Prof. Michael Pettis reveal one of the most enlightening thoughts I’ve seen recently that are related to globalization, not only to global economies but also international relations.   I don’t think many politicians today understand this.  Few economists even understand this.  The reason why I think Prof. Pettis’ theory is important is probably not what he had intended, but is nonetheless a natural extension: Once people realize that the existing imbalance of… Read More »Understanding the objective necessity of global changes may help peace

The New Internet & Blockchain

The real Bitcoin and blockchain Blockchain was invented 14 years ago in the form of Bitcoin. As designed by its inventor Satoshi Nakamoto [1], it is a law-abiding dis-intermediating Peer-to-Peer cash payment system built on an IP-to-IP decentralized protocol compatible with IPv6, with unbounded scalability and extremely low transaction costs. Its native token, bitcoin, is...

Read more... The full content of this chapter is available in the two-volume book:

Bit & Coin

Merging Digitality and Physicality

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)

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The necessary scalability of Layer-1 on blockchain

Blockchain has opened up many possible applications, including payments, tokenization, smart contracts, and in general, data access management. For beginners, a recent article The Crypto Story written by Matt Levine on Bloomberg is a good read. It explains quite well in non-technical language some of the problems blockchain could potentially solve, as well as the problems it currently has. Especially, the article makes a good common sense case for the need for a new kind of database to replace the existing ones, something that the current crypto world largely misses.

Read more... The full content of this chapter is available in the two-volume book:

Bit & Coin

Merging Digitality and Physicality

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)

Already a member? Log in here

Science and Faith

Abstract. Biblical faith and science do not contradict each other. They are in fact the most reasonable convergence to cover a comprehensive understanding and interpretation of the universe and life by and for mankind, who is the sole witness of both the creation and the Creator. The convergence is meaningful in the ultimate sense. From the beginning of modern science and the origin of the controversy between science and faith to profound questions such as… Read More »Science and Faith

DAOs and the reality

The delusion of DAOs (Decentralized Autonomous Organizations) being out of the reach of law is just an extension of the old fancy of using an invisibility cloak to commit an illicit act. Here is the catch: as long as the scheme has a connection and an effect in the real world, law can, and should, reach it. Even a DAO in the so-called metaverse falls within the jurisdiction of the real-world law, as long as… Read More »DAOs and the reality

Marks of the end time – Is cashless society a mark of the end time?

The end time is a biblical concept referring to the time before the old world is folded away and a new world is introduced (the new heavens and earth, Revelation 21:1). According to the Bible, the end time is not peaceful but full of apocalyptic terrors and disasters. Therefore, any mention of the end time...

Read more... The full content of this chapter is available in the two-volume book:

Bit & Coin

Merging Digitality and Physicality

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)

Already a member? Log in here

Triple Entry Accounting & Blockchain

Triple entry accounting was introduced by Ian Grigg in 2005 (Triple Entry Accounting (iang.org). Bitcoin blockchain is a perfect system on which triple entry accounting can be implemented. This is not only because Bitcoin blockchain is an ideal 'independent third-party' to keep and verify the third entry (cryptographically signed cross-entity receipts as transaction records), but also because it provides a highly efficient built-in payment system.

Read more... The full content of this chapter is available in the two-volume book:

Bit & Coin

Merging Digitality and Physicality

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)

Already a member? Log in here

Friends of the Bridegroom

Two great mysteries in Christ From Genesis to Revelation, there is one thought that runs through the Bible, that God has a plan. Not only does this plan include man, but man plays a key role in it, being of critical importance in God’s plan. (“Man” represents both male and female, see Adam, man and woman.) The end of man, as revealed in the Bible, including the Gospels, the apostolic epistles, and finally the book… Read More »Friends of the Bridegroom

Job and people of the heavenly kingdom

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

Job and his friends

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