DHK dao

Let’s continue counting down the eight great misconceptions about money. This time, it’s about cryptocurrency. Misconceptions about traditional currency stem from having fixed ideas about long-established things without zooming out to see the full picture. Misconceptions about cryptocurrency, however, arise from cognitive biases toward new things, either by being misled by their names or by making flawed analogies to the physical world.Part 1: Eight Misconceptions About Money: Fiat Currency E...

At Base Camp last month, Coinbase announced it was “beginning to explore” a network token, a complete reversal of its previously adamant stance of having no plans to issue a token. No one can blame them for this U-turn. For one, it’s perfectly understandable for a commercial entity to change its plans. Secondly, even if they had this plan back when the Base chain was launched in 2023, it’s conceivable they kept it under wraps. This would have been to avoid attracting hordes of airdrop hunters...

Recently, DHK dao has been on a tour holding "Drifting Classroom" workshops at various independent bookstores in Hong Kong. The most recent session was last Friday at Have-a-nice-stay Bookstore. Towards the end of the workshop, I shared with the participants the "Eight Misconceptions About Money." The following is the first part of the transcript, compiled by "AAI", artificial^2 intelligence, for attendees to review and to help more people understand what this money we all chase after really ...

Stunning seven billion people! In just a year or two, Bitcoin's price could potentially drop below $1! This isn't alarmist talk. We're talking about BIP-177 (Bitcoin Improvement Proposal #177), currently under discussion in the community. It proposes renaming Bitcoin's smallest unit, which is one hundred millionth of a Bitcoin (0.00000001 BTC), from the current satoshi (or sat) to bitcoin. This new "bitcoin" would then be the standard unit for display, quoting, and communication. If the commu...

Everyone has heard that "bad money drives out good," but not many know its origin. Theoretically, the superior should prevail over the inferior. So how does bad money win? The story goes that ancient coins were minted from precious metals like gold and silver. However, their quality and purity varied. Everyone wanted to hold onto the better quality, higher purity coins and would spend the inferior ones first when making purchases. As a result, the circulation of bad money far exceeded that of...