Skip to content

Technology & Business

Even BTC has become a security, but the original Bitcoin BSV remains a commodity

The crypto landscape has a defining characteristic: Most cryptos are unregistered securities, which are illegal the way they are promoted. They shouldn’t have existed, at least not in the current state. But they do. But how does such a world sustain itself? By hypocrisy. Here is a feature of the crypto hypocrisy: Facing the SEC, everyone wants to claim to be a commodity; facing the market, however, everyone wants to be a stock squared (better… Read More »Even BTC has become a security, but the original Bitcoin BSV remains a commodity

Bitcoin and the quantum threat

Is Bitcoin quantum proof? With the anticipated (or more often imagined) rise of quantum computing, this is an often asked question. First of all, due to the yet-to-be-solved (perhaps even unsolvable) unscalable error correction problem and the peculiar algorithm of quantum computing, it is still unclear whether quantum computing will ever achieve scalable general computation....

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)

A brief history of Bitcoin

Introduction Bitcoin was invented at the turn of the new century and made public on October 31, 2008 by Dr. Craig S. Wright (a.k.a., Satoshi Nakamoto), an Australian polymath. Wright was born in Brisbane, Australia to a family of both intellectual and public service (military) traditions. His maternal grandfather, Ronald Lynam, was a mysterious World...

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 cancerous crypto

The entire crypto space has gone astray and wasted over a decade of time and many billions of dollars to build on wrong blockchains and ineffective infrastructures, business models and the subsequent ecosystems. Many causes have contributed to the failure, but the unregulated crypto exchanges can easily rank among the top three reasons. Due to...

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)

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 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 federal policies on banks issuing dollar-denominated tokens

Board of Governors of the Federal Reserve System (Board) has made a policy statement on banks issuing dollar-denominated tokens: The Board generally believes that issuing tokens on open, public, and/or decentralized networks, or similar systems is highly likely to be inconsistent with safe and sound banking practices. The Board believes such tokens raise concerns related to operational, cybersecurity, and run risks, and may also present significant illicit finance risks, because—depending on their design—such tokens could… Read More »The federal policies on banks issuing dollar-denominated tokens

Inflation & Deflation

The most fundamental difference between inflation and deflation is that inflation is artificial while deflation can be natural. Mainstream economists would not agree with this characterization or understand it. This is only because they bring an inflationary mindset to judge the natural deflationary environment, failing to appreciate the most essential distinction between two different types of deflations that have different causes and impacts. The first type of deflation is caused by a lack of demand.… Read More »Inflation & Deflation

Crypto is an obstacle to blockchain and DLT

The crypto-inspired speculative assets trading on insecure exchanges is not what Bitcoin blockchain is meant to be and actually is (see, Bitcoin is not crypto).

The entire crypto world has become an irrational Ponzi-laden frenzy. The crypto industry went in the wrong direction long ago and went too far by turning the original Bitcoin, one of the greatest inventions ever, into a multitrillion-dollar gambling of speculations over other people’s speculations.

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)

Payment must change – credit card is a systemic ripoff

Of the transformations enabled by Bitcoin, payment especially micropayment is of the most basic one. It is evident even from the Bitcoin’s whitepaper’s title: Bitcoin: a Peer-To-Peer Electronic Cash System. Payment is not a mere app added on the web, but a foundational part of the New Internet. However, more than 14 years after the creation...

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 New Internet & Blockchain

The real Bitcoin and blockchain Blockchain was invented 14 years ago in the form of Bitcoin. As designed by its inventor Satoshi Nakamoto [1], it is a law-abiding dis-intermediating Peer-to-Peer cash payment system built on an IP-to-IP decentralized protocol compatible with IPv6, with unbounded scalability and extremely low transaction costs. Its native token, bitcoin, 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)