news, quick posts, messages.
“The irony is that only western culture allows dissent against culture and the acceptance of other ideas… yet western culture has the most dissenters.” Dr. Craig S. Wright, Linkedin post From a cybernetics view, a culture is a complex system that relies on both a base Unity and an active Requisite Variety to absorb (to deal with) the environment. The Western culture’s base unity is Truth, while the Eastern culture’s base unity is Order. For… Read More »Truth in culture
This analysis posted on LinkedIn is representative of a prevailing misunderstanding about the monetary system. It is a misunderstanding that the US dollar (or any fiat money) is backed by the central bank, and a further misunderstanding that cryptocurrencies are backed by anything of more substance than what backs the dollar. First, there is an important distinction between money and currency to be made (see Money & Currency). Money is backed by value, while currency is… Read More »What backs the dollar and cryptocurrencies?
A great post and an instructive dialogue on LinkedIn. A thoughtful question by Michael Fletcher led to Dr. Craig S Wright answering with genuine Satoshi authority.
Genesis does not just mean the beginning. The purpose of calling this the Genesis block relates to the fact that there was nothing but chaos in the beginning. The creation of the Genesis block takes data without form and void as darkness upon the face of the deep. With this, light enters, and the system forms. That is why it is a Genesis block.
Read more... The full content of this chapter is available in the two-volume book:
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)
This is the next Maddoff…. A new Ponzi is just a Ponzi and this guy is deceiving investors in a criminal scheme. Dr. Craig S. Wright, commenting on FTX, a rapidly rising crypto exchange. Based on what can be seen so far, it is a prima facie case of Ponzi. But as an outsider, I can only try not to judge or even to watch. Whether this will be busted, and when, it’s hard to say. Bernie Madoff ran… Read More »Lawlessness and valuelessness
According to bitinfocharts.com, the total volume on the Bitcoin SV network over the past 24 hours surpassed 10 million transactions, which equates to nearly 4 times the total number of transactions of all other blockchains – there are thousands of them – combined. Denying that this is real adoption is bias. Denying that this shows...
Read more... The full content of this chapter is available in the two-volume book:
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)
“Most ‘DAOs’ are a diversion tactic to avoid responsibility,” – Niels V. van den Bergh, CEO, mintBlue. The rest are just a result of being ignorant of the existence of such responsibilities. It’s a fantasy, an imagined fake world where responsibilities do not exist. This doesn’t mean smart contracts are useless, however. There’s a right way to do it. What is much needed is systems that “refactor” (borrowing the phraseology of James Belding, the founder and… Read More »How not to do DAOs
"Opposing Views: Money, Bitcoin & Role of the State" on Real Vision is an interesting conversation between Mike Green and Robert Breedlove, moderated by Real Vision senior editor Ash Bennington. Mike is the Chief Strategist and portfolio manager at Simplify Asset Management. He is a well-known Bitcoin bear. On the other hand, Robert, founder of the “What Is Money?” podcast, is one of its most vehement proponents. Their disagreements originate from deeper convictions surrounding the proper methods of organizing society and the economy.
Read more... The full content of this chapter is available in the two-volume book:
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)
OECD - OCDE report "Why Decentralised Finance (#DeFi) Matters and the Policy Implications"
It's a 70-page report. Concerning one reader's objection to its length, however, I'd say, in general, there are things that should be written in few words, but there are also things that require many words. A theory can be short, but implementations and studies of their effects might not be.
Read more... The full content of this chapter is available in the two-volume book:
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 it’s too early to get excited about Web3, By Tim O’Reilly This is one of the very rare articles written on Web3 that are truly insightful and honest without being blinded by crypto market frenzy and misleading narratives. “In that regard, what I’d be looking for is evidence of capital allocation via cryptocurrencies toward productive investment in the operating economy rather than capital allocation toward imaginary assets.” – Tim O’Reilly Mr. O’Reilly, I believe you… Read More »Tim O’Reilly: Why it’s too early to get excited about Web3