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Blockchain is the New Global Data Network’s Authentication Layer

The Blockchain is a database that indexes transfers. The original method of transferring bitcoin was IP to IP. Nodes only reference the transfer. A user sends bitcoin directly to another user, and only then after the exchange has occurred would the transaction be referenced/indexed. Consequently, the argument that your tokens exist in cyberspace on the...

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
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Volume II: Bitcoin, Blockchain, and Beyond - Essays of Science, Economics, Law, Ethics, and Controversies
Introduction
(coming soon)

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Bitcoin’s sphere of truth

Bitcoin Core (BTC) has successfully created a sphere in which a lie is operative. Without a competing sphere impinging on it, the BTC sphere would continue to exist, and the lie can continue indefinitely in the human timeframe. Although it won’t last forever, it may last a long time. When there is a conflict, some...

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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The Layers of Universe and Humanity

The universe we live in is a juxtaposition of two layers, a physical and a spiritual. Mankind is a critical nexus between the two layers, because man is spirit, soul and body (1 Thessalonians 5:23), alone has existence both in the spiritual and the physical with soul in the middle as an interface. The physical...

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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Financial services and supply-chain management

Let us think about the following two numbers: – The total size of the present global financial services industry is about $20 trillion. – The total size of the present global supply chain management industry is about $20 billion. The former is 1000 times that of the latter. This is a picture of the entire...

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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Bitcoin and cybernetics

Bitcoin since its creation has had an unfortunate history. Presently, Bitcoin blockchain has multiple forks including Bitcoin Core (BTC) and Bitcoin Satoshi Vision (BSV), the former representing a speculative asset and having the largest market cap, while the latter focusing on actual utility according to the Satoshi’s vision and staying away from the speculative crypto...

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

BTC is a political system

Bitcoin was invented as an economic system on open market principles, but BTC turned it into a political system, and a communism-leaning one in particular. Three major indicators: 1. Mining nodes are not allowed to take transactions inflow freely even if the transactions are legit according to the protocol. Note: This should not be simply...

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

Why is the real Satoshi so feared and hated?

Here’s the truth: Australian/UK polymath Dr. Craig S. Wright is Satoshi Nakamoto, the inventor of Bitcoin. See Mathematical proof that Dr. Craig S. Wright is Satoshi Nakamoto. But most people in the crypto world still refuse to recognize this identity. The strongest reason behind the objection to Wright’s Satoshi identity arises from emotional conditions and reactions:  jealousy, fear,...

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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Digital assets are subject to property laws

Can a court of law order bitcoin to be moved from one address to another without having the private key of the first address? If the analog equivalent of this question was asked with regard to a conventional property, the answer is clearly yes, not even worth a debate. When it comes to a digital...

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 myth of ‘Selfless Satoshi’

The ‘selfless Satoshi’ was a myth created by selfish people to serve their own purposes. Their purposes are very different from Satoshi’s purpose of serving the mankind as a whole. ‘Satoshi gave up all his rights on Bitcoin and gifted it all to us so that we can do whatever we want’ is the claim....

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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The Digital Dollar Project

The Digital Dollar Project's Whitepaper 2.0 represents a progress in realizing that the US CBDC is not going to be a new kind of money, but just a new kind of currency. Money is value agreement, while currency is value transmission technology. See Money & Currency.

It is also good in making the distinction between a 'bearer instrument' and 'account-based credit money'.

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