Bitcoin & Blockchain

In information theories, the concept of “information” itself can be confusing and even self-contradictory. Of course, nature itself is not wrong. It’s the words that we use. Shannon entropy is fundamentally mathematical without considering any meaning, structure, or organization with regard to information. From that point of view, one can say chaos corresponds to more information because Shannon entropy really is a measure of uncertainty or randomness in a system. On the other hand, as… Read More »The quantity and quality of information

Some of the most important ideas promulgated by George Gilder, the thought leader in tech-economics and info-economics of our time, are as follows: (1) a winning technology is always one that wastes resources in abundance to save a real scarcity; and (2) the most fundamental scarcity in the human economy is time, and everything is constrained by time. According to that principle, a technology that wastes other things that are abundant to save time, always… Read More »High-entropy system versus low-entropy system

The myth of the ‘Selfless Satoshi’ was created by selfish people. We see a pervasive myth surrounding Satoshi that portrays him as ‘selfless’ and a mysterious eccentric icon who has abandoned all his personal rights to Bitcoin so others could use it freely any way they want, including changing the nature of Bitcoin to its core yet continuing to claim the original name and title. This ‘selfless Satoshi’ is a fabrication created by people with… Read More »The myth of the ‘Selfless Satoshi’

Dr. Craig Wright calls BTC a religion and gives an insightful analysis. But calling BTC a religion lends a bit too much credit to it. Not that religion is good, but BTC is worse. Religion is counterfeit faith. True faith is based on the revelation of the higher realm (the invisible spiritual realm). In contrast, religion, even in its honest form, is based on dogmatism extracted from killed (dead) revelation of the higher realm. That… Read More »BTC is a combination of a cult and a scam

BTC has now fully implemented RBF (Replace-By-Fee), a transaction protocol that allows a user to replace an unconfirmed Bitcoin transaction with a new one that pays a higher fee. With RBF, BTC is selling a disease and a cure. The irony is that RBF actually makes sense in the context of BTC because it creates some competition for a scarce resource, namely the transactions per block, which creates a disorder, while RBF helps to create… Read More »Replace-By-Fee and Truth-In-Time-Order

Few people intend to support evil. But many end up doing it anyway. The useless, neo-centralized, intermediated, hackable, nonproductive, greed-imbued, crime-inducing, cancerous crypto is a good example. Let’s take the North Korean dictator’s nuclear program as a test. If you ask people in the crypto world if they would like to see a world being threatened, hijacked, and perhaps even destroyed by North Korea’s nuclear weapons, I postulate that over 99% of people will say… Read More »The corrupt crypto is your immoral choice

My previous article BSV is the original Bitcoin and the only genuine Bitcoin caused a bit more scaling debate. Some BTC supporters say that BTC can always scale when needed, implying that BTC can always scale by relaxing the block size limitation in the future. After all, isn’t it just a matter of lifting an artificial restriction? But the very idea of “big blocks” contradicts BTC’s foundational narrative. Besides, scaling is more than just big… Read More »Scaling is more than big blocks