Book-Bit & Coin

When a system presents itself as a decentralized self-organization but is actually centrally controlled, can you tell? Think about all this in the context of artificial intelligence and that of cryptocurrencies. ‘Centralization of control’ and ‘self-organization of entropy’ are fundamentally different. Centralization of control, or usually just ‘centralization’, represents centralized control by a decision-making authority,...

Pluralism is a form of diversity, which at the application layer is not only a good virtual, but also a necessity according to Ashby’s law of cybernetics, according to which a system must have a Requisite Variety (a sufficient number of states in variations) in order to survive a varying environment.

However, the study of cybernetics also reveals another fundamental principle: for a system to support a requisite variety, it must have unity at the base that defines its core purpose and coherence.

Is Bitcoin quantum proof? With the anticipated (or more often imagined) rise of quantum computing, this is an often asked question. First of all, due to the yet-to-be-solved (perhaps even unsolvable) unscalable error correction problem and the peculiar algorithm of quantum computing, it is still unclear whether quantum computing will ever achieve scalable general computation....

Introduction Bitcoin was invented at the turn of the new century and made public on October 31, 2008 by Dr. Craig S. Wright (a.k.a., Satoshi Nakamoto), an Australian polymath. Wright was born in Brisbane, Australia to a family of both intellectual and public service (military) traditions. His maternal grandfather, Ronald Lynam, was a mysterious World...

The entire crypto space has gone astray and wasted over a decade of time and many billions of dollars to build on wrong blockchains and ineffective infrastructures, business models and the subsequent ecosystems. Many causes have contributed to the failure, but the unregulated crypto exchanges can easily rank among the top three reasons. Due to...