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WallstreetBets — why it is foolish to do and also foolish to abolish

No, it is not David versus Goliath. It is Mob versus Mafia. It is not an intelligent revolt at all. Therefore it will accomplish nothing except for hurting the participants (the mob). Guess who made money in all this? Only two groups of people made money: First group is those who were really wrong about business of the company (GameStop in this case) but accidentally got rewarded when the stock price went up unexpectedly. The second… Read More »WallstreetBets — why it is foolish to do and also foolish to abolish

A Future with BTC and BSV

Bitcoin Core (BTC) insists on small blocks in order to “be separate from the government.” To their credit, separation from the mainstream may just be its fate. BTC may not totally disappear, but instead may end up a niche. Imagine: Today: The global black money market is at $0.8 trillion; gold $8 trillion; global GDP...

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)

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Craig S. Wright’s copyright claim is a good “handicap signal”

In the news: Craig Wright is enforcing copyright claim on the Bitcoin whitepaper Lawyers for Wright sent out copyright infringement notices to five parties currently hosting the Bitcoin white paper on their websites. These parties control and operate the websites bitcoin.org, bitcoin.com and bitcoincore.org. This is NOT about copyright, but Wright’s way to put truth/lie under a test. It is also a signal based on the “handicap principle”. And it is an interesting signal. On… Read More »Craig S. Wright’s copyright claim is a good “handicap signal”

Tokens and Securities: Issuance and Distribution

In a public statement in the Matter of Wireline, Inc., SEC Commissioner Hester M. Peirce makes an excellent point in her Concurrence by cautioning that Commission and courts have made the mistake of “treating the pre-sale and public distribution of tokens as one event.”  In fact, it is better to focus on the distinction between issuance and distribution instead of pre-sale and public distribution. Pre-sale is private distribution. Distribution therefore conceptually includes both “pre-sale” (private… Read More »Tokens and Securities: Issuance and Distribution

Decentralized AI on Blockchain

Artificial Intelligence (AI) needs to be decentralized and personalized, and to do that, you need blockchain. What’s wrong with AI without blockchain? Let’s look at a well-known example of AI. Google’s centralized AI is powerful but also dumb at the same time. Powerful because it has pushed machine learning based on generic mass data to...

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

Is Bitcoin (BTC) a Ponzi Scheme?

At the present time, Bitcoin Core (BTC) is very much like a Ponzi scheme, because the exodus of existing investors is only prevented by a hope that the price will go up, which in turn is sustained by the new money of new investors (who happen to be misinformed and allured in by a wrong...

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

Michael Saylor’s Thermodynamic Bitcoin

Michael Saylor, the CEO of MicroStrategy, has made interesting points in promoting Bitcoin. But he is misled by both his own ideas (which are very good in abstract, but lacking in specific substance — see below) and also a deceptive public narrative created by stakeholders behind Bitcoin Core (BTC). BTC is not the real Bitcoin invented by...

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

Wake up, Americans

Americans are not aware of the real threat this country is now facing. The current events, influenced by a powerful illusion created by a zoomed-in distortion effect (intentionally or unintentionally), are a dangerous diversion from answering the real threat. America is now facing a very harsh reality. People’s sin has caught up with them. Both the moral deficit and financial deficit, neither can be magically made to disappear. Sooner or later we will pay. And… Read More »Wake up, Americans

“Meritocracy”​ and “Equality”​

Headline: Nation’s No. 1 High School Poised To Pick Students Based On Race, Not Achievement While debating over “meritocracy” and “equality”, we are ignorant of another related and much more fundamental risk:   Corruption. Once you do away with meritocracy, the floods of corruption come in (or come out from within, to be more exact), because this type of corruption is inherent with the corrupt nature of the fallen race of Adam. People’s acts start to… Read More »“Meritocracy”​ and “Equality”​