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Technology & Business

The future of blockchain

In contrast to a corrupt future of the world exploited by crypto, the real Bitcoin blockchain is creating a different one. Crypto does not represent the true blockchain technology. It is a distortion at best. With its promotion of outright open Ponzi schemes, it is a fraudulent misrepresentation. In contrast to crypto, the future of true blockchain technology paints a healthy picture of a world supported by a New Internet integrated with blockchain. Regardless of… Read More »The future of blockchain

Crypto and trans-bubbles

The crypto industry is largely an empty bubble that will burst. Economic and financial bubbles are interesting phenomena to study. The ‘physics’ of bubbles is quite universal. The crypto bubble may seem unique, but it obeys the same law of bubbles. The trans-bubbles The most spectacular bubbles take advantage of both an expanding force and a squeezing force. The former attracts participants by taking advantage of people’s nearsightedness and greed, but the latter forces out… Read More »Crypto and trans-bubbles

AI and data decentralization

In the current AI development, Meta comes out competing on a different principle: opensourcing AI. Some worry that opensourcing AI would enable illicit actors (both state and private actors) to do harm. I have not formed an opinion about Meta’s open-sourcing AI, but this pushing back with a comparison between bioweapons and AI is dubious at best.  When it comes to physical weapons, decentralization is proliferation.   You get bombed not because you agreed with the bomb but… Read More »AI and data decentralization

Using smart contracts to manage real-world contracts

Using smart contracts on a blockchain to manage certain aspects of regular contracts such as status (validity, termination, etc.) monitoring, renewing, or rolling has broad business applications. Note that it is not to use a smart contract to replace a regular contract. Doing such would be impractical in many cases. By “regular contract”, I mean real business contracts in a legal sense. These can be vastly more complex than the so-called smart contracts. Not only… Read More »Using smart contracts to manage real-world contracts

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 IDigital Humanity’s Truth Layer - The New Internet, its Authenticity Layer, and Applications
Introduction
Order on Amazon

Volume IIBitcoin, 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 IDigital Humanity’s Truth Layer - The New Internet, its Authenticity Layer, and Applications
Introduction
Order on Amazon

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

Tesla’s patent strategy

Elon Musk doesn’t care about patents. See for example this report by IPwe. But this is cleverly played by Elon.   The biggest reason why Tesla isn’t patenting is China. The truth is that: (1) because there is no such a thing called ‘international patent’, a US patent has absolutely no protection in China; (2) even if you have a patent in China, the patent protection is still weak in that country.  This poses a dilemma for… Read More »Tesla’s patent strategy

The question of ‘offering’ in the securities law

Ripple CEO Brad Garlinghouse (@bgarlinghouse) tweeted: Mr. Garlinghouse misconstrued the statement in the ruling. Although the judge in the XRP case clearly misapplied the law, the statement quoted from the summary judgment is actually a good statement, if not misconstrued. Note that the statement is true for any asset, not just XRP. In the securities law, the focus is on the ‘offering’ not the ‘asset in and of itself’. It is a particular manner of… Read More »The question of ‘offering’ in the securities law

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 IDigital Humanity’s Truth Layer - The New Internet, its Authenticity Layer, and Applications
Introduction
Order on Amazon

Volume IIBitcoin, 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 IDigital Humanity’s Truth Layer - The New Internet, its Authenticity Layer, and Applications
Introduction
Order on Amazon

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