Skip to content

Bitcoin & Blockchain

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)

Already a member? Log in here

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

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