Bitcoin & Blockchain

“Do you prioritize low transaction fees for everyday use, or are you more concerned about security and decentralization?” The above is a question I hear from people who are at least honest enough to acknowledge that BSV is more practical for everyday use due to its low transaction fees, but nevertheless insist that BTC is superior due to its better security and decentralization. These things are all important. But they are not mutually exclusive. People… Read More »Is Bitcoin decentralized?

“An honest man is one who knows that he can’t consume more than he has produced.” Ayn Rand, Atlas Shrugged. Before you take pride in how much wealth your favorite coin has extracted from the real economy, ask what your coin has contributed to the world, or at least will contribute. If you believe it has real productive value, please justify it using an honest theory that makes economic sense. Whenever destroyers appear among men,… Read More »Bitcoin must have utility before it can become anything

In addition to COPA v. Wright (Case No. IL-2021-000019), several active legal actions in the UK High Court involve Dr. Wright. The COPA v. Wright case concerns the identity issue (whether Dr. Wright is Satoshi). The other cases are derivative matters such as property rights Dr. Wright claims against various parties, including BTC Core, Coinbase, Kraken, Block, Spiral, Blockstream, etc. These cases all necessarily depend on the identity issue because Dr. Wright’s property claims can… Read More »Cases co-pending with COPA v. Wright

The trial of COPA v. Wright is set to start in mid-January 2024. (UPDATE: The trial has now been rescheduled to start on February 5, 2024. Also, see a follow-up article on the case: The Additional Documents in COPA v. Wright.) The case has a unique significance. For the first time, the central issue of a lawsuit involving Dr. Craig S. Wright is the truth itself (Satoshi’s identity), rather than derivative matters such as property… Read More »The key in COPA v. Wright

The trial of COPA v. Wright is set to start in mid-January 2024 (UPDATE: the trial is now rescheduled to start on February 5, 2024). For the first time, the central issue of a lawsuit is the truth (Satoshi’s identity) itself. Thus, the case has a unique significance. In anticipation of COPA v. Wright, I wrote a separate analysis of that case: The key issue in COPA v. Wright. I also wrote a piece on cases… Read More »Cases involving Dr. Craig Wright’s Satoshi identity

Let me explain why the recent events concerning the former nChain CEO Christen Ager-Hanssen are costly signals that are an attestation of the validity of Bitcoin SV (BSV). The mass opinion and assessment of anything usually has multiple layers. In the case of BSV, the base layer of the world’s judgment against BSV is a most hideous and cynical conspiracy charge against it. Specifically, people believe that three individuals (Calvin Ayre, Stefan Matthews, and Dr.… Read More »There is no Satoshi conspiracy in Bitcoin SV

Under the influence of buzzwords such as CBDC, crypto and blockchain, some people think that CBDC is a trivial technical problem, and only a matter of ‘incentivizing’ people’s adoption. While ‘incentivizing’ is a big part in adoption, CBDC does not have a trivial technical problem. It only seems to be so for superficial reasons. Good CBDC must be a genuine digital cash that has at least the following strong features: (1) extremely high scalability;(2) extremely… Read More »What CBDC?