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Bitcoin & Blockchain

Proof-of-Work (PoW) is the Only Way to Prevent Corruption

There is a very fundamental reason why Proof-of-Work (PoW) is the only way to prevent corruption: In this world, work is the only thing that cannot be hacked (faked, pretended, stolen, hijacked, abused, or manipulated), everything else can, including authority, identity, status, history, relationship, agreement, whatever. The concept of “work” goes deep in physics or...

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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Why I Believe Craig Wright is Most Likely Satoshi

I believe Australian polymath Craig S. Wright is most likely Satoshi Nakamoto, the inventor of Bitcoin. First, a bit of the background and my qualifications. I have accumulated thousands of working and researching hours in the blockchain field, scholarly and professionally, and therefore not a dabbler on the subject. My cross disciplinary background that combines...

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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Modern Monetary Theory and Blockchain Economies

This was meant to be a casual comment on Economist Chuanwei (David) Zou’s recent article “Cryptocurrency – From the View of Modern Monetary Theory“, but it exceeded Linkedin’s maximum character limit for a comment (a strange limitation to say the least), hence a separate article. Modern Monetary Theory (MMT) is an interesting tool for analyzing blockchain economies. David’s arguments that money is not only inherently but also historically related to credit and debt (versus the… Read More »Modern Monetary Theory and Blockchain Economies

Bitcoin, Chaos and Order

“Craig Wright interview Bitcoin, Chaos and Order in Religion” is a very interesting interview. CSW is more of a theologian than a man of faith (or if he is, he isn’t revealing it). At least as far as Bitcoin and CSW’s public opinions are concerned, he is not relating the topic to eternity, but only to the present world in practical terms, despite the fact that the particular interview is meant to cover religion. For… Read More »Bitcoin, Chaos and Order

The Idea of “Digital Gold” — BTC’s Value Fundamentals

The idea of “digital gold” is probably the most creative idea that has ever come from Bitcoin Core (BTC), a distorted and neutered version of the original Bitcoin (see, BTC and Bitcoin, what is the real difference?).

First, the idea of “gold” has provided a very powerful and convenient attachment point for people who do not understand technology and economics. It is powerful because the analogy has a lot of truth in it.

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

BTC and Bitcoin, what is the real difference?

Although BTC is commonly taken as the synonym of Bitcoin at the present time, it is in reality drastically different from Bitcoin created by Satoshi Nakamoto (a pseudo name, whose real identity I believe is Dr. Craig S. Wright) according to the Bitcoin whitepaper.

Bitcoin Satoshi Vision (BSV), on the other hand, has remained true to Bitcoin.

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

A lesson from dot-com era for crypto investors

The dot-com boom and bust From June 1997 to January 2000, within two and half years, Amazon stock had a 70x run, i.e., 7000% (you think the present stock market bull run is dazzling?). From January 2000 to October 2001, during the dot-com crash, in a bit over one and a half years, Amazon stock dropped by more than 90% (but still 3.5 times higher than the 1997 IPO price). From October 2001 to now… Read More »A lesson from dot-com era for crypto investors

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