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Technology & Business

Scalable vertical platform for global merchandising

At Toolots, we are building the world’s first scalable vertical platform for global merchandising. What’s so unique about it? First off, there has not been a scalable vertical platform for global merchandising in the world so far. When people talk about platforms today, they usually refer to horizontal platforms which are wide and shallow without depth of expertise and integration. Scalable horizontal platforms are common, including well-known companies such as Amazon and Alibaba. One essential… Read More »Scalable vertical platform for global merchandising

The politically modest but technologically ambitious Bitcoin

Today's headline: Coinbase Cuts Off 25K Russian Wallets!

It's unclear what the reporter's concern is. I don't mean that there should be no concern. It is just unclear what the reporter's concern really is. This is typical of the crypto reports, because the writers only look at superficial things and do not understand what is really at work.

From a political point of view, it is foolish to demand exchanges to cut off Russians just because they are Russians. And it is even questionable to cut off some Russians selectively, because how can an exchange decide?

Read more... The full content of this chapter is available in the two-volume book:

Bit & Coin

Merging Digitality and Physicality

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)

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The moral sentiments of Bitcoin

Question: Crypto projects seem to all create a new currency out of thin air and inject it into the economy to dilute money, so how do you justify doing it, whether it is BTC or BSV? It is a familiar and intuitive argument, but it arises from a misunderstanding caused by people’s familiarity with fiat money and...

Read more... The full content of this chapter is available in the two-volume book:

Bit & Coin

Merging Digitality and Physicality

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)

Already a member? Log in here

The DeFi report “Why Decentralised Finance (DeFi) Matters and the Policy Implications”

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:

Bit & Coin

Merging Digitality and Physicality

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)

Already a member? Log in here

Tim O’Reilly: Why it’s too early to get excited about Web3

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

Modern Monetary Theory and Blockchain Economies

This was meant to be a casual comment on Economist Chuanwei (David) Zou’s recent article “Cryptocurrency – From the View of Modern Monetary Theory“, but it exceeded Linkedin’s maximum character limit for a comment (a strange limitation to say the least), hence a separate article. Modern Monetary Theory (MMT) is an interesting tool for analyzing blockchain economies. David’s arguments that money is not only inherently but also historically related to credit and debt (versus the… Read More »Modern Monetary Theory and Blockchain Economies

Gold & Silver are Not Investments

Gold and silver prices may have been manipulated, but that does not necessarily mean that the current prices are severely undervalued. Below, I argue that the present fair market value of the gold price should be near $2,400 per ounce, about 30% higher than the current price of $1830, while silver price should be near $35 per ounce, also about 30% higher than the current price of $26. In other words, there is some undervaluation,… Read More »Gold & Silver are Not Investments

Tokens and Securities: Issuance and Distribution

In a public statement in the Matter of Wireline, Inc., SEC Commissioner Hester M. Peirce makes an excellent point in her Concurrence by cautioning that Commission and courts have made the mistake of “treating the pre-sale and public distribution of tokens as one event.”  In fact, it is better to focus on the distinction between issuance and distribution instead of pre-sale and public distribution. Pre-sale is private distribution. Distribution therefore conceptually includes both “pre-sale” (private… Read More »Tokens and Securities: Issuance and Distribution

Decentralized AI on Blockchain

Artificial Intelligence (AI) needs to be decentralized and personalized, and to do that, you need blockchain. What’s wrong with AI without blockchain? Let’s look at a well-known example of AI. Google’s centralized AI is powerful but also dumb at the same time. Powerful because it has pushed machine learning based on generic mass data to...

Read more... The full content of this chapter is available in the two-volume book:

Bit & Coin

Merging Digitality and Physicality

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)

Already a member? Log in here

Is Bitcoin (BTC) a Ponzi Scheme?

At the present time, Bitcoin Core (BTC) is very much like a Ponzi scheme, because the exodus of existing investors is only prevented by a hope that the price will go up, which in turn is sustained by the new money of new investors (who happen to be misinformed and allured in by a wrong...

Read more... The full content of this chapter is available in the two-volume book:

Bit & Coin

Merging Digitality and Physicality

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)

Already a member? Log in here