Bitcoin & Blockchain

The two main points I try to make in Volume 1 of the book BIT & COIN: Merging Digitality and Physicality are: Both of the above require a vastly scalable blockchain with TPS beyond millions and an extremely low Cost Of Transaction (CoT). Bitcoin blockchain, according to Satoshi’s vision meant to bring exactly the same. But 15 years later, we have BTC doing 7 TPS while promoting an open Ponzi scheme. And worse, people have been… Read More »A nonproductive blockchain can’t solve the fiat problem

It is ironic, but fatefully unsurprising: Satoshi’s own identity case proves how important his invention is. In COPA v. Wright, British High Court Judge Mellor declared, before issuing a final written judgment, that Dr. Craig S. Wright is not Satoshi, the inventor of Bitcoin. Based on the evidence presented in the trial, the judge must have been persuaded by the allegations of forgery. This proves that the COPA strategy has worked. Logic dictates that using… Read More »TimeChain that preserves humanity in digital age

“An honest man is one who knows that he can’t consume more than he has produced.” Ayn Rand, Atlas Shrugged. Before you take pride in how much wealth your favorite coin has extracted from the real economy, ask what your coin has contributed to the world, or at least will contribute. If you believe it has real productive value, please justify it using an honest theory that makes economic sense. Whenever destroyers appear among men,… Read More »BTC is more corrupt than fiat

Is Bitcoin’s Merkle tree a binary search tree? Dr. Wright says Bitcoin’s Merkle tree is a binary search tree (BST). BTC devs disagree and question his qualifications. The questioning by BTC and Dr. Wright’s answers show a typical example of Dr. Wright talking about it at a level and depth that others haven’t thought of. Ironically, some even question Dr. Wright’s understanding of technology at the undergraduate level, not in spite of this but because… Read More »Is Bitcoin’s Merkle tree a binary search tree?

On January 24, 2024, Dr. Wright sent to his opponents in the COPA litigation (Claim No. IL-2021-000019), the passing-off claims (Claim No. IL-2022-000035  & Claim No. IL-2022-000036) and database-rights claims, (Claim No. IL-2022-000069) a non-negotiable offer to settle each of these cases. See the offer in its entirety here. Here is a quick summary and analysis of the offer. Key points Foundation:   All lawsuits and claims are to be dropped; the Opposition implicitly recognizes that Dr. Wright is… Read More »Dr. Wright’s settlement offer to COPA and all opposition parties

In the upcoming trial of COPA v. Wright, COPA sets out to prove that Dr. Wright is not Satoshi, while Dr. Wright provides evidence that he is. How do you prove a negative? There is a misunderstanding about “negative proof”, especially among the supporters of Dr. Wright. The saying is that it is impossible to have “negative proof”. First, there is an issue of terminology. In philosophy, science, and logic, “negative proof” typically refers to… Read More »To prove a negative in COPA v. Wright

Much fruitless thinking (especially mine own) is going on about the mysterious 26.9 BTC transferred to the address in the Genesis block of Bitcoin. This is largely due to the lack of clear and definite information. Dr. Wright has said something about the Genesis block in the past. But in his typical fashion, he speaks in his domain and at his own level, with little sympathy for how others are positioned. For example, in one… Read More »Satoshi’s secret in the Genesis block