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gaoson
1 month ago
In expectation of the historic Bitcoin trial: Kleiman v. Wright
After many delays, the Kleiman v. Wright case is set for trial this November 1, 2021.
gaoson
8 months ago
CSW's legal theory is sound, but whether the courts will go strictly by law is another matter. I'm not saying this in a cynical sense that courts are corrupt. No, even the most just and fair courts don't always go by a strict legal theory. Sometimes the weight of reality is just too heavy that no one can bear. Guess why the US Supreme Court did not even look into the 2020 election lawsuits. People say it is pure corruption, but it is a combination of corruption and weakness of bearing the weight
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gaoson
9 months ago
BTC and BSV, what is the real difference?
On the surface, the most prominent difference between BTC (Bitcoin Core) and BSV (Bitcoin Satoshi Vision) is the choice of block size. While BTC insists on small blocks (one megabytes per block), BSV has opted for big blocks, ultimately with unlimite
gaoson
11 months ago
Great presentation by Jerry Chan. Concerning the mining economics, however, the reality is not as simple as presented in the slide shown around 9:50. The graph there is essentially correct, but missing some very significant complexities. The current BTC mining model heavily (almost exclusively) on the continuous increase of the BTC price. And the reason why the BTC mining economics model hasn't really got into serious trouble so far (as it shoul
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gaoson
11 months ago
Bitcoin should be spent as cash, in fact should be spent much more commonly, frequently and ubiquitously than paper cash. However, it should *not* be spent on the surface, but rather be spent behind the scene, almost invisible to regular users. There is a fundamental reason for this: Money is language. It doesn't matter what theoretical and technological arguments you make, people will only spend in local currency units, because that's the language they speak. Few people in this world are t
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gaoson
1 year ago
Hello, thank you for the great work. I was attracted to Powping because of its potential for a unique way to manage self publication. Currently, the blogs on PowPing still have very a simple user interface and lack management tools. I hope this will improve in the future. If one day, PowPress has the following features, it will be a big winner: (1) allows the user content be permanently tied to a paymail address. (This is extremely important because no other websites or blog sites has th
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gaoson
1 year ago
If you think about the tokenization and smart contract potential on BSV, it is abundantly clear that the BSV is the "land" in the new world of the digital value network on which economies are going to be built. The only limitation is one's imagination. As an example, this article suggests that the US implement its digital dollar right now with less than $200 million of "minting"‚Äč cost. https://www.linkedin.com/pulse/us-can-implement-its-digital-dollar-right-now-less-than-zeming-m-gao/?tr
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