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News & Quotes

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Universal Blockchain Assets

Dr. Owen Vaughan of nChain has published and presented his work on Universal Blockchain Assets. The Universal Blockchain Assets (UBA) is a novel protocol for issuing and transferring tokens across blockchains without the need for a trusted third party or cross-chain bridge. In the UBA scheme, the blockchain is used for double-spend protection only, while the authorization of token transfers is performed off-chain. Due to the universality of the approach, it works in almost all blockchain… Read More »Universal Blockchain Assets

Bitcoin, decentralization and distributed computing

I don’t understand celebrating a tiny database & nodes…🤷‍♀️ I want peer-2-peer electronic cash. Scaling matters. Robin deLisser on LinkedIn Robin is right.  Scaling matters. Scaling isn’t a mere quantitative advantage in that more of the same stuff is done, but more importantly a qualitative advantage because it enables new things that couldn’t be done without the scale. See The Structural Impact of The Cost of Transaction (CoT). Regarding distributed computing, the decentralization of the… Read More »Bitcoin, decentralization and distributed computing

Judge’s declaration in COPA v. Wright

(UPDATE: the following article was written before the judge’s written judgment. The judge’s written judgment was released on May 20, 2024, and it confirmed the declaration made by the judge at the end of the trial. Dr. Wright has subsequently appealed to the upper court. Although a request for an appeal was permitted, a decision on the appeal is not expected until late 2025. According to British law, to receive permission to proceed with an… Read More »Judge’s declaration in COPA v. Wright

The price is just a symbol

In this post, the author accuses SEC of committing a crime for causing a drop in stock price. People who do this assume that stock prices must be protected as if they were a value in themselves. That is wrong. It is a good example of what’s wrong with today’s financial industry as a whole. It confuses symbols with reality and price with value. A temporary drop in stock prices is not a destruction of… Read More »The price is just a symbol

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...

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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

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

Memes are a hack to humanity

Elon Musk tweeted today: The man who is in power enjoys a play. But memes are a hack to humanity. It is one thing to suffer the hacking, it is quite another to actively participate in it and even leverage it using power. While I appreciate Elon’s insights and candidness, his perspective of seeing everything as an entertaining game undermines the values he promotes (even though he clearly thinks that it’s a clever power-play on… Read More »Memes are a hack to humanity

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