The Bitcoin Vision - Episode 13
The Bitcoin Vision - Episode 12
The Bitcoin Vision - Episode 11
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The Bitcoin Vision - Episode 10
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The Bitcoin Vision - Episode 9
Attack of the Orphan Trolls
A few days ago, the Bitcoin (SV) blockchain had an event described as a six-block reorganization. For the trolls, they jumped on and declared it as a failure of the BSV chain. In reality, nothing was lost, not a fund was double spent, not a single transaction was rejected, not anything. Now, where did it really fail?
Let us understand, that a reorganization of blocks occur when two competing miners found a solution to the next block in almost exactly the same time. Their job is to propagate this block as fast as they can, so the rest of the miners can proceed building the next block on top of it. Since two blocks were found, there exist a temporary two chains where miners compete until the next block is found and propagated, so they can build on top of it again. This cycle moves on until a clear winner dominates the next block and eventually emerge as the main chain where all miners need to build-upon, resulting to what we call block reorganization, unr...
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Life After Google: The Fall of Big Data and the Rise of the Blockchain Economy
Life without the Internet could be unimaginable for those who grew up dependent on its existence. It is by far the the most successful attempt to connect the world. It has undoubtedly made information accessible and trades feasible in ways people before this era thought impossible. It made businesses grow in an even faster rate, enabling them to scale worldwide, reaching an audience far from the sight of their own shore. It is very good indeed, but not good enough.
With its feat, we can exaggeratedly say that it is an achievement off the chart. Borrowing from the idea of Nassim Nicholas Taleb's Black Swan, we can categorically include this invention as such. The Internet is a Black Swan. It's birth was a rare event no ordinary man could have ever predicted, and yet today, it being alive, everyone could just easily find simplistic explanations for its occurrence.
Natural with any technology, it ...
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The Bitcoin Vision - Episode 8
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Game of Protocols and Candlesticks
A competition among players is challenging if they know what they are competing with. However, if they are to row their boats on a bicycle contest, then we have an unprecedented degree of misalignment. Certainly, they will either end up loosing for real or dream of finishing the line - winning in illusion.
Such is the world of the crypto market we are in today. If you have been monitoring every movement of these crypto coin prices, chances are - you are most likely invested in any one of this rowing participant in a cycling race. A wave of green charts indicative of a positive earnings, increases the scale of your "feel good" meter of a self made price predictor (though in reality, it makes no difference to a blind betting). And a ripple of red charts highlighting a negative turn of event, erases what you have just earned from your "feel good" register, sending shivers to your vein - prompting you to adjust the finish line further...
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Time Crawler - A BitDB Component
In the world of MetaNet, everything revolves around Bitcoin (SV) as a protocol. Comparatively, in the world of Internet, everything revolves around TCP/IP as a protocol.
People always ask, how are they going to understand MetaNet? The answer is you don't have to. The same way as the concept of Internet naturally dwelled into our mindset by way of using all the applications running on top of it like Web browsing, Facebook, Twitter, Uber and more. Metanet, will eventually be integrated into our daily way of living just by simply using the applications built on top of Bitcoin (SV) like Bitstagram, Memo.SV, Moneybutton, HandCash and more.
The key driving force to the gradual migration of applications to MetaNet will be characterized by an explosion of applications being developed using Bitcoin (SV). For the curios, you can track some of the projects being developed here
https://www.bsvdevs.com/index.php .
Now, given that we are on our way to Meta...
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Matthew 6:33 (NIV)
But seek first his kingdom and his righteousness, and all these things will be given to you as well.
Matthew 6:33 (NIV)
But seek first his kingdom and his righteousness, and all these things will be given to you as well.
The Bitcoin Vision - Episode 7
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The Bitcoin Vision: Episode 6
The world is full of idiots. They just only believed on the things that they want to hear. On the other hand the wise men do the otherwise.
The Bitcoin Vision: Episode 4
The Bitcoin Vision: Episode 5
The "New OPCode" Fallacy
Operation Code, otherwise known as OPCode is an instruction executed by a computing machine to perform an operation. In Bitcoin (SV), this is made possible by its programming language called Script.
There is a mistaken notion in the Bitcoin community that the early developers, also know as Bitcoin Core (BTC) and Bitcoin Cash (BCH) developers who succeeded the development of the software from Satoshi are the final authority in the evolution of Bitcoin. Thus, they can introduce new OPCodes at will. This is false and an utter lie.
What they are not telling you, is that Bitcoin when released in 2009 already contained all the necessary and researched OPCodes that can accommodate all the programmable expressions of the world. Bitcoin was way ahead of their time. And out of their fear of the unknown and unexplored power of Bitcoin, along with their mediocrity due to their complete inability to understand its imposing design, had disabled most of these OP...
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The Richest Man in Babylon.
Financial Literacy was never part of our basic educational system. Yet, our parents expect that one day, we'll do better than our neighbor. Unfortunately, after 14 years of beating from our core subjects, we still perform poorly in finance - I mean real life financial affairs not on papers.
The truth is, mastering the art of financial wisdom in early school poses a dangerous precedent of imbalance, tipping the scale towards the more influential side of the (let's call it) "unknown" - some will figure this out.
In reality, we need Educators, Doctors, Engineers, Leaders, Carpenters and more. We need diversity. We can't exist in a world full of Investors alone. That is why our foundation must be built with the so called neutral function of expectation. And then, we will be asked to choose out of our own freedom - what to pursue, based on where we probably performed best. And so we master our craft, or be left with the crowd if we are u...
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Hunger or Greed. Where Is The Proof?
Hunger has a point of satisfaction and it is guaranteed to be crossed at the fulfillment of what is lacking. Greed is what happens after you have traversed that point of accomplishment, and still wanting more, and more...and many more, characterized by a selfish desire at a greater degree. Greed has no contentment.
Everyone has an inherent tendency to display one. Without the observing eye of checks and balances, the trap of falling victim to this ugly crossroad remains imminent at all times - except for the few. I still believe on the numbers of the beautiful heart-filled individuals around.
The topic of hunger and greed can all extend to anything in life. The worst tends to come at the subject of money. The question is, how do you enforce a solution to reduce it (as elimination is highly improbable)?
The answer is simple. Feed their hunger with a system that will make them work - enough to satisfy their desire, while any attempt to drift fu...
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The Bitcoin Vision: Episode 3
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The Teranode Project.
Miners in the context of Bitcoin (SV) plays the most important role in the network. They run the Bitcoin Nodes necessary for block creation and propagation, ensuring the security and efficiency of the system. The reward is profit. Since the miners expend their resources, they are the most heavily invested proponents of the Bitcoin (SV) network - a Skin in the Game.
It is an incentive based structure that encourages the miners to compete and cooperate at the same time. While this sounds incompatible, the arrangement was so designed to reward an honest miner and punish the cheat who tries to circumvent the rules of the system - a magnificent blueprint of a thought provoking order.
Since the creation of Bitcoin (SV), a reward of 50 coins are generated in approximately every 10 minutes block. This reward halves every four years - 50 (2009), 25 (2013), and now we have 12.5 (since 2017). With a limit of only 21 Million Bitcoins (SV), it is expected that the reward...
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The Invention of Bitcoin (SV)
Bitcoin (SV) was not an accidental invention. Contrary to what many believed, a software developer mindset alone will not yield a system so powerful as Bitcoin (SV). Instead, it is a product of a well researched field encompassing the knowledge of Law, Banking, Economy, Computer Science, Investment, Mathematics, Statistics, Security, Cryptography, and even Theology. This was not done overnight, it counted years. The release of the Bitcoin Code in 2009 sealed the Grand Design of a system destined to improve the world as we know it - not now, but in decades to come.
Satoshi Nakamoto is a genius. Getting into his mind requires that you must scan all the books he had read (thousands) and papers he had written (thousands). You must study the fields he invested his time with. You must experience what his credentials had brought him. Though, getting nearer to what he had accomplished doesn't guarantee you discerning his creation in full. It will open up ...
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