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Recently, the similarities and differences between Bitcoin and Ethereum regarding the issue of price self-limitation have also been discussed. Some further thoughts and analysis are recorded below for readers’ discussion and criticism. The issue of self-limitation is actually somewhat subtle. Ethereum also draws on Bitcoin’s method of dynamically adjusting transaction fees (miner fees) in its calculations. For Bitcoin, the miner fee = vBytes (transaction size in bytes) * fee/vBytes (fee rate denominated in BTC); for Ethereum, the gas fee = gas (amount of computational resources consumed by instructions) * gas price (denominated in ETH). Therefore, on the surface, there doesn’t seem to be a problem with whether the fee rate or gas price is denominated in BTC, ETH, or USD. From the perspective of supply and demand economics, if the pricing currency relative to fiat currency is such that the expected fee income for miners (converted to fiat currency value) is just their cost (denominated in fiat currency) plus a reasonable profit, they can lower the fee rate (fee/vBytes or gas price) to maintain stability of the product of vBytes * fee/vBytes or gas * gas price relative to fiat currency. ...

There are often stories that people love to tell: Two classmates, A and B, graduated together. A joined a strict and regulated software company, while B joined an unknown internet company. Several years later, A honed their skills in standardized coding and project management, while B’s company successfully went public, resulting in a skyrocketing value of their stock options and granting them financial freedom. ...

The discussion in this article is not about using blockchain as a voting technology to fulfill certain voting requirements in the external world, such as conducting elections for a state governor in the United States on the blockchain or creating prediction markets where people can vote on whether the US will default on its debt or reach an agreement at the last moment to avoid default. These examples merely utilize blockchain to facilitate voting on external matters. The focus of this article is on the issue of decentralized organizations conducting on-chain voting themselves, which may involve a blockchain-based DAO voting on governance proposals or even governing the blockchain itself. ...

In his speech titled “Sustainable Futures in Science Fiction Literature” at the United Nations Chinese Language Day, Liu Cixin offered a unique perspective on the future of humanity through the lens of science fiction. ...

With the rise of ChatGPT and OpenAI, another cryptocurrency-related project founded by Sam Altman called Worldcoin has also caught people’s attention. What does Worldcoin aim to do? It aims to use blockchain technology to implement Universal Basic Income (UBI), which means unconditionally giving free money to everyone, enough to cover their basic living expenses. This way, the problem of poverty can be solved in one fell swoop. People will no longer worry about their basic needs and can dedicate their time to more meaningful work. ...

Bitcoin rebounded above $27,000 overnight. Children’s Day is approaching, but it seems like a difficult time for U.S. President Biden. He had to hastily pack his bags and return to the United States without attending the scheduled events of the G7 summit. Why? The backyard is about to catch fire. This fire is the U.S. debt default. ...

Earlier this month, Tether, the leading stablecoin issuer by market capitalization, released its first-quarter reserve and profit data. It’s not just impressive; it’s exceptionally impressive. Let’s take a look at a few highlights: ...

During the recent six months of practicing DAOs (Decentralized Autonomous Organizations), the basic form of organizational governance, namely voting, has been frequently pondered upon. ...

Tencent released its quarterly report yesterday, revealing a year-on-year revenue growth of 10% and a profit increase of 27%. This has sparked various interpretations and discussions in public opinion. Let’s not delve into specific details here; those who wish to see positive views can find favorable articles, while those interested in negative perspectives can seek critical analyses. Everyone can find what they prefer. ...

Overnight, Bitcoin made a strong leap from the 26.5k level and rebounded to the 27.5k level. Recently, some people in the United States are applying double standards to Bitcoin’s carbon emissions. They claim that Bitcoin mining consumes a certain amount of electricity and results in a corresponding amount of carbon emissions, thus should be subject to a certain emission tax. However, they fail to apply the same standards to Tesla’s electric vehicles, which also consume a significant amount of electricity and generate a substantial amount of carbon emissions. Tesla, on the other hand, receives carbon emission credits from the US government every year and sells them to other companies in need, profiting from it. ...