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Technology & Business

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

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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)

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Why data ownership must be decentralized – the path to decentralized human capitalism

I’m worried about mass corruption as well as central control. The former is a Huxleyan dystopia while the latter an Orwellian dystopia. See: The two dimensional Orwellian / Huxleyan vector space. Today, when the issue of centralized data is discussed, privacy is usually the focus of the concern. But the reason why centralized data is...

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)

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Centralization of control and self-organization of entropy

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,...

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)

Already a member? Log in here

Pluralism and unification

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.

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)

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The usefulness and deceptiveness of AI

What about AI that concerns you the most?  I can tell you mine.  The deception of AI. Although AI will not actually become conscious, people will subjectively believe it has gained consciousness, and the humanity will succumb to a fake superior intelligence, and enter into AI-induced degeneration. The objective truth and the subjective human understanding can be very different.  And the subjective human understanding about AI will have consequences built upon the misunderstanding itself.  AGI AI will never objectively achieve super… Read More »The usefulness and deceptiveness of AI

The DDD (Detrimental Dollar Dominance) Syndrome

Contrary to what most people think, the dollar dominance in the long term is not good for the US as a nation and the American people as a whole. First of all, the dollar dominance does not benefit the US evenly. It mostly benefits the financial sector, at the expense of industries, especially manufacturing. Secondly, the dollar dominance relies on the US ‘consuming‘ (i.e. depleting) its national strength without sufficient reproduction. On top of that,… Read More »The DDD (Detrimental Dollar Dominance) Syndrome

Left-brain thinking is destroying civilization

Dr. Iain McGilchrist’s UnHerd interview is worth watching. Such a profound thinker, whether you agree with him or not. Dr. McGilchrist is a neuroscientist and philosopher. His book The Master and his Emissary (2009) sets out the idea that the Western society has become dominated by narrow left-brain thinking, which is destroying the civilization. The ‘left hemisphere delusion’ described by Dr. McGilchrist is such a profound insight that everyone should at least give some serious thought… Read More »Left-brain thinking is destroying civilization

ChatGPT is both incredibly unintelligent and superbly capable at the same time

ChatGPT is still incredibly unintelligent. But it is also superbly capable at the same time. Let me explain with a very simple example. I asked ChatGPT if it could translate from Chinese to English. It replied sure can. So I submitted a long text in Chinese. It pumped out amazingly accurate translation. But then it stopped in the middle, with no further explanation. Zem: “Why did you give up in the middle? Was it because… Read More »ChatGPT is both incredibly unintelligent and superbly capable at the same time