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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 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 eyes of the flesh, soul and spirit

Seeing the existence of evil, some conclude there is no God. But this reasoning boils down to this: because one does not know God, God doesn’t exist. This reasoning is a fallacy. God’s way is higher than man’s way. God’s wisdom is deeper than man’s wisdom. We were created to have three sets of eyes: eyes of the flesh to see the material world, eyes of the soul to see oneself and each other, and… Read More »The eyes of the flesh, soul and spirit

This amicus brief for Coinbase is so wrong

Six securities law scholars file amicus brief in support of Coinbase. This report says the amicus brief is ‘devastating’, meaning that is overwhelmingly powerful. But it is devastating in an entirely different way. The amicus brief is incredibly wrong, factually, legally and morally. The main argument of the amicus brief is that, according to the securities law, an ‘investment contract’ requires an expectation in the income, profits, or assets of a business, but because these… Read More »This amicus brief for Coinbase is so wrong

Memes are a hack to humanity

Elon Musk tweeted today: The man who is in power enjoys a play. But memes are a hack to humanity. It is one thing to suffer the hacking, it is quite another to actively participate in it and even leverage it using power. While I appreciate Elon’s insights and candidness, his perspective of seeing everything as an entertaining game undermines the values he promotes (even though he clearly thinks that it’s a clever power-play on… Read More »Memes are a hack to humanity

Is BSV correctly priced?

Joshua Hensley recently wrote, ‘BSV is correctly priced‘. If the large-scale utility promised by the real Bitcoin BSV never materializes, then I agree that BSV is correctly priced at present. But ‘correctly priced’ and ‘fairly priced’ are not the same thing. Measured by the fundamentals based on real utility, while BSV may be ‘correctly’ priced, other coins are overpriced by at least 1000 times collectively. There is a system working behind the crypto world. It… Read More »Is BSV correctly priced?

BSV’s surging transaction capacity is a pain to the crypto world

It seems that every time when BSV shows dominating transaction volumes, bitinfocharts.com is put in a very uncomfortable position. In fact, the trouble must be so great that they would remove BSV from the chart temporarily until the storm abates. What you see on bitinfocharts is a reflection of the whole crypto world’s mood about BSV. The crypto industry is a casino and a cartel The crypto industry is a casino, and casinos cannot tolerate… Read More »BSV’s surging transaction capacity is a pain to the crypto world

Barber paradox and existence of truth

The barber paradox: If the barber shaves everyone who does not shave himself, who shaves the barber? The barber paradox may strike as a trivial witty remark to many, but it is related to something far more serious. It is an example of Gödel’s incompleteness theorem, which says that formal logic (arithmetically expressible logic) cannot be both self-consistent and self-provable. In other words, the consistency of formal logic cannot be proved in the formal logic… Read More »Barber paradox and existence of truth

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)

Already a member? Log in here

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