Skip to content

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 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)

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

The XRP judge got the securities law wrong

What the judge in the Ripple (XRP) case said in the summary judgment is essentially the following: (1) selling XRP tokens to institutional buyers constituted a sale of unregistered securities because the institutional buyers would have understood what Ripple was promising and doing, (2) but selling XRP tokens to the public (the so-called programmatic sales) did not constitute a sale of unregistered securities because the public was too stupid to understand what Ripple was promising… Read More »The XRP judge got the securities law wrong

Blockchain and HTTP/S

The Hypertext Transfer Protocol (HTTP) and its encrypted extension Hypertext Transfer Protocol Secure (HTTPS), collectively HTTP/S, is an application layer protocol in the Internet Protocol (IP) suite which is the base protocol layer of the Internet. More precisely, it is a linking layer placed between the top application layer and the base protocol layer. HTTP/S...

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)

Time is not an illusion

Dr. Ethan Siegel’s article No, the laws of physics are not time-symmetric is an interesting piece. The article explains an important discovery made in 2012 by BaBar collaboration that observed time-reversal symmetry violation directly in ϒ(4s) particle decays into mesons. Time-reversal symmetry violation, or T-symmetry violation, is the physics term for ‘the arrow of time’, meaning that time is one-directional, always moving forward and never backward. The news of the T-symmetry violation discovery was overshadowed… Read More »Time is not an illusion

Political Robinhooding

The US and the British governments have been saying they will support Ukraine no matter the cost. This is admirable, but it also exposes the core of today’s politics, especially Western politics, whose politicians have been trained to make such commitments because: (1) it feels good (works like a boost of ideological dopamine), (2) it sounds good (has publicity value), (3) it is career-sustaining (has a resume-dressing value), (4) the best part is that the… Read More »Political Robinhooding

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 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)

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 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)

Complexity and purpose

Complexity as a phenomenon is real. The problem is that Complexity Theory (and its theorists) tend to have an ideological bend toward positivism, relativism, and existentialism and presume that the universe or its subsystems (including life and human organizations) do not have a moral purpose. Some do acknowledge that there must be some built-in hidden purposeful order that drives the complexity, but overall, they find satisfaction in the idea that the self-organizing order can emerge… Read More »Complexity and purpose