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Bitcoin & Blockchain

BTC is a combination of a cult and a scam

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

The fraudulent fiat “money” and fake “digital gold”

Failure to distinguish between money and currency is causing a lot of confusion. Money is an agreement of value. Currency is a technology that transmits value represented by the underlying money.  While the two terms are often used interchangeably, there is an essential distinction between them that highlights the difference between the conceptual agreement of value and the practical means of exchanging the value. Money, in its purest form, is an agreement between parties as… Read More »The fraudulent fiat “money” and fake “digital gold”

Replace-By-Fee and Truth-In-Time-Order

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

The corrupt crypto is your immoral choice

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

Discovering the real blockchain

Behrad Babaee, a technology evangelist in Aerospike, writes about why he changed his mind about blockchain: Why I Changed My Mind About Blockchain – The New Stack The article gives insights on database scalability and how a scalable blockchain like BSV solves the problem. The good news is that top IT system architects in the world aren’t fooled by the crypto schemes. They even rightfully despise it. But the bad news is that they don’t… Read More »Discovering the real blockchain

Scaling is more than big blocks

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

BSV is the original Bitcoin and the only genuine Bitcoin

I’m not promoting BSV the coin. I’m not promoting any coin. In fact, I hate cryptocurrencies the way they are today because the whole crypto exchange ecosystem is cancerous socially, economically, and technologically. I’m here to support the BSV blockchain and its technology. I am for utility, productivity, and sustainability. If another chain proves to be more scalable, efficient, and reliable, my mind will pivot before my heart does. The following are three points I… Read More »BSV is the original Bitcoin and the only genuine Bitcoin

Universal Blockchain Assets

Dr. Owen Vaughan of nChain has published and presented his work on Universal Blockchain Assets. The Universal Blockchain Assets (UBA) is a novel protocol for issuing and transferring tokens across blockchains without the need for a trusted third party or cross-chain bridge. In the UBA scheme, the blockchain is used for double-spend protection only, while the authorization of token transfers is performed off-chain. Due to the universality of the approach, it works in almost all blockchain… Read More »Universal Blockchain Assets

The future of blockchain

In contrast to a corrupt future of the world exploited by crypto, the real Bitcoin blockchain is creating a different one. Crypto does not represent the true blockchain technology. It is a distortion at best. With its promotion of outright open Ponzi schemes, it is a fraudulent misrepresentation. In contrast to crypto, the future of true blockchain technology paints a healthy picture of a world supported by a New Internet integrated with blockchain. Regardless of… Read More »The future of blockchain

Crypto and trans-bubbles

The crypto industry is largely an empty bubble that will burst. Economic and financial bubbles are interesting phenomena to study. The ‘physics’ of bubbles is quite universal. The crypto bubble may seem unique, but it obeys the same law of bubbles. The trans-bubbles The most spectacular bubbles take advantage of both an expanding force and a squeezing force. The former attracts participants by taking advantage of people’s nearsightedness and greed, but the latter forces out… Read More »Crypto and trans-bubbles