Skip to content

Bitcoin & Blockchain

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 IDigital Humanity’s Truth Layer - The New Internet, its Authenticity Layer, and Applications
Introduction
Order on Amazon

Volume IIBitcoin, Blockchain, and Beyond - Essays of Science, Economics, Law, Ethics, and Controversies
Introduction
(coming soon)

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 IDigital Humanity’s Truth Layer - The New Internet, its Authenticity Layer, and Applications
Introduction
Order on Amazon

Volume IIBitcoin, Blockchain, and Beyond - Essays of Science, Economics, Law, Ethics, and Controversies
Introduction
(coming soon)

Bitcoin is a computer

Ryan X. Charles’ interview with Michael Wehrmann (“Bitcoin is going to be the largest computer ever“) is an interesting read for the insights.  Aside from knowing God and understanding the universe itself, I think no question is more profound than knowing what “computation” is. Although I’m not quite sure if I like the concept of “the universe is a computer” (as seriously implied in the recent theory-of-everything formulated by Stephen Wolfgram), I do believe the… Read More »Bitcoin is a computer

People are Misreading China’s Signal on Blockchain Technology

Many people attribute yesterday’s sudden rise of bitcoin price to Chinese President Xi Jinping’s recent speech. If this is indeed the case, then the market is misreading China’s crypto policies.  I’m not saying that bitcoin price should not rise, because that’s a whole different position. I’m just saying that the crypto market misunderstands China’s position on blockchain (or DLT in general), cryptocurrencies, and bitcoin. First, let me clarify that Xi’s speech was a very official and… Read More »People are Misreading China’s Signal on Blockchain Technology