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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)

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)

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)

Blockchain and HTTP/S

The Hypertext Transfer Protocol (HTTP) and its encrypted extension Hypertext Transfer Protocol Secure (HTTPS), collectively HTTP/S, is an application layer protocol in the Internet Protocol (IP) suite which is the base protocol layer of the Internet. More precisely, it is a linking layer placed between the top application layer and the base protocol layer. HTTP/S...

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)

Why are bills of lading still on paper?

Bills of lading are traditionally paper-based documents used in international trade and shipping to establish proof of the contract of carriage, receipt of goods, and ownership of the goods being transported. While digitalization has transformed many aspects of the business world, bills of lading have remained predominantly paper-based. It is estimated that 25 billion paper...

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)

Decentralized Human Capitalism (DHC) is the answer for this and future generations

‘Boomers can’t conceptualize’: A college student says older generations don’t know about inflation, never had to fight for jobs. Yes, the disparity is huge, and she is right that people don’t get it, especially the boomers. But the reason for that has nothing to do with inflation or difficulties in finding a job, which all...

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)

The locked protocol

“The nature of Bitcoin is such that once version 0.1 was released, the core design was set in stone for the rest of its lifetime.” — Satoshi Nakamoto, June 17, 2010.

One of the distinctions that BSV blockchain makes in comparison to BTC is that BSV has a 'locked protocol' that represents the original Bitcoin.

What does ‘locked protocol’ mean? Does it mean that the Bitcoin blockchain allows no new software development? Of course not.

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)

Decentralized systems and human creativity and corruptibility

An ideal decentralized system can be divided into three layers, namely: (1) a base ‘core-purpose layer’, (2) a middle ‘rule-enforcement layer’ and (3) a top ‘application-execution layer’. This general model is applicable to all systems including human organizations, joint cognitive systems, technological systems and natural systems. For example, in a joint cognitive system, the core...

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)

Why data ownership must be decentralized – the path to decentralized human capitalism

I’m worried about mass corruption as well as central control. The former is a Huxleyan dystopia while the latter an Orwellian dystopia. See: The two dimensional Orwellian / Huxleyan vector space. Today, when the issue of centralized data is discussed, privacy is usually the focus of the concern. But the reason why centralized data is...

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)

Gold/bitcoin, money/currency

The famous gold advocate Peter Schiff has always correctly claimed that BTC has no value. But he has started to see that gold can be tokenized on a capable blockchain.

Tokenization is a form of digitization but has unique advantages over the traditional digitization of gold, such . . .

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)