With the daily total volume on the Bitcoin SV network reaching over 50% of the total number of transactions of all other blockchains – there are thousands of them – combined, but BSV price showing no response, suppressed below 0.1% of the total crypto market cap, it is natural to ask the question below: Can the utility level of Bitcoin (BSV) go through the roof, but the bitcoin (BSV) price never go up? A simple answer is… Read More »Price matters
The concept of decentralization has taken a central place in the context of Bitcoin, blockchain, crypto and Web3. But it has caused some of the most consequential misconceptions about Bitcoin and blockchain, leading to a common belief that Bitcoin or any other blockchain must restrict its scalability in order to be “decentralized.” The misconceptions have provided the...
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Introduction
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Introduction
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According to bitinfocharts.com, the total volume on the Bitcoin SV network over the past 24 hours surpassed 10 million transactions, which equates to nearly 4 times the total number of transactions of all other blockchains – there are thousands of them – combined. Denying that this is real adoption is bias. Denying that this shows...
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Introduction
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Volume II: Bitcoin, Blockchain, and Beyond - Essays of Science, Economics, Law, Ethics, and Controversies
Introduction
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“Most ‘DAOs’ are a diversion tactic to avoid responsibility,” – Niels V. van den Bergh, CEO, mintBlue. The rest are just a result of being ignorant of the existence of such responsibilities. It’s a fantasy, an imagined fake world where responsibilities do not exist. This doesn’t mean smart contracts are useless, however. There’s a right way to do it. What is much needed is systems that “refactor” (borrowing the phraseology of James Belding, the founder and… Read More »How not to do DAOs
"Opposing Views: Money, Bitcoin & Role of the State" on Real Vision is an interesting conversation between Mike Green and Robert Breedlove, moderated by Real Vision senior editor Ash Bennington. Mike is the Chief Strategist and portfolio manager at Simplify Asset Management. He is a well-known Bitcoin bear. On the other hand, Robert, founder of the “What Is Money?” podcast, is one of its most vehement proponents. Their disagreements originate from deeper convictions surrounding the proper methods of organizing society and the economy.
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Introduction
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Volume II: Bitcoin, Blockchain, and Beyond - Essays of Science, Economics, Law, Ethics, and Controversies
Introduction
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Today's headline: Coinbase Cuts Off 25K Russian Wallets!
It's unclear what the reporter's concern is. I don't mean that there should be no concern. It is just unclear what the reporter's concern really is. This is typical of the crypto reports, because the writers only look at superficial things and do not understand what is really at work.
From a political point of view, it is foolish to demand exchanges to cut off Russians just because they are Russians. And it is even questionable to cut off some Russians selectively, because how can an exchange decide?
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Introduction
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Volume II: Bitcoin, Blockchain, and Beyond - Essays of Science, Economics, Law, Ethics, and Controversies
Introduction
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Question: Crypto projects seem to all create a new currency out of thin air and inject it into the economy to dilute money, so how do you justify doing it, whether it is BTC or BSV? It is a familiar and intuitive argument, but it arises from a misunderstanding caused by people’s familiarity with fiat money and...
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Introduction
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Volume II: Bitcoin, Blockchain, and Beyond - Essays of Science, Economics, Law, Ethics, and Controversies
Introduction
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Does professionalization and specialization of bitcoin mining result in monopoly? A short answer is “no.” Professionalization and specialization of bitcoin mining under competitive Proof-of-Work is less likely to result in a monopoly than most other competitive businesses. Proof-of-Stake, on the other hand, has a natural gravitation toward forming a monopoly or a cartel due to...
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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)
Blockchain and Bitcoin involve a lot of concepts that are not easy to grasp. Lots of education is needed on these subjects, not only for developers and investors but also the public, legislators and government officials, or we will see wasteful and even destructive actions committed by all elements of the society. In fact, we already have, witnessing the ICOs, DeFi, and NFT frenzies on the one hand, and the lack of knowledge and leadership from the government on the other.
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)
Blockchain and Bitcoin involve a lot of concepts that are not easy to grasp. Lots of education is needed on these subjects, not only for developers and investors but also for the public, legislators, and government officials, or we will see wasteful and even destructive actions committed by all elements of society. In fact, we...
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)