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Bitcoin & Blockchain

There is no Satoshi conspiracy in Bitcoin SV

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

Code is not law

‘Code is law’ is a proud crypto proclamation. Some may even regard it as an inviolable creed. Few question it. But occasionally, some brave people do voice doubt. Here is an example: “Code is law,” the phrase, is a metaphor which is useful in terms of framing practical realities of the use of smart contract...

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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What CBDC?

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?

Enterprises are starting to see the truth in blockchain

  In this post, Worldvest’s Garrett Krause shows admirable insights and steadfastness. The company made a move to tokenize gold on the Bitcoin SV blockchain. Tokenized gold is in itself a great move (see, for example, Gold is superior money, and tokenized gold is a superior currency). However, choosing the Bitcoin SV blockchain requires a different kind of knowledge. Very few can cut through the fog and thickets that currently exist in the cancerous crypto… Read More »Enterprises are starting to see the truth in blockchain

Gold is superior money, and tokenized gold is a superior currency

The famous gold advocate Peter Schiff has always claimed that BTC has no value. He is right. But he has started to see that gold can be tokenized on a capable blockchain. Tokenization on a proper blockchain is a form of digitization but has unique advantages over the traditional digitization of gold, such as gold...

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

This amicus brief for Coinbase is so wrong

Six securities law scholars file amicus brief in support of Coinbase. This report says the amicus brief is ‘devastating’, meaning that is overwhelmingly powerful. But it is devastating in an entirely different way. The amicus brief is incredibly wrong, factually, legally and morally. The main argument of the amicus brief is that, according to the securities law, an ‘investment contract’ requires an expectation in the income, profits, or assets of a business, but because these… Read More »This amicus brief for Coinbase is so wrong

Is BSV correctly priced?

Joshua Hensley recently wrote, ‘BSV is correctly priced‘. If the large-scale utility promised by the real Bitcoin BSV never materializes, then I agree that BSV is correctly priced at present. But ‘correctly priced’ and ‘fairly priced’ are not the same thing. Measured by the fundamentals based on real utility, while BSV may be ‘correctly’ priced, other coins are overpriced by at least 1000 times collectively. There is a system working behind the crypto world. It… Read More »Is BSV correctly priced?

BSV’s surging transaction capacity is a pain to the crypto world

It seems that every time when BSV shows dominating transaction volumes, bitinfocharts.com is put in a very uncomfortable position. In fact, the trouble must be so great that they would remove BSV from the chart temporarily until the storm abates. What you see on bitinfocharts is a reflection of the whole crypto world’s mood about BSV. The crypto industry is a casino and a cartel The crypto industry is a casino, and casinos cannot tolerate… Read More »BSV’s surging transaction capacity is a pain to the crypto world

The tokenized Internet

People’s mindset about NFT today is still that an NFT is some kind of an artifact one can look at, speculate and trade. But think broadly. Think about a future in which every ‘datum’ or ‘monad’, namely a unit of data or a data entity is represented by an NFT. This is not for the sake...

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

The question of ‘offering’ in the securities law

Ripple CEO Brad Garlinghouse (@bgarlinghouse) tweeted: Mr. Garlinghouse misconstrued the statement in the ruling. Although the judge in the XRP case clearly misapplied the law, the statement quoted from the summary judgment is actually a good statement, if not misconstrued. Note that the statement is true for any asset, not just XRP. In the securities law, the focus is on the ‘offering’ not the ‘asset in and of itself’. It is a particular manner of… Read More »The question of ‘offering’ in the securities law