Author Archives: Carlos C. Tapang

About Carlos C. Tapang

I run a company called Rock Stable Token Inc. I am the leader of the team behind the stabletoken called ROKS. ROKS is a cryptocurrency (digital money) and its value is tied to the U.S. dollar (USD). We are initially targeting it to overseas Filipino workers (OFWs) with two great benefits: it costs almost nothing to send it, and it is fast. I am also involved in a movement (http://correctphilippines.org) to correct the Philippine constitution. It's an ambitious undertaking in itself, and there's no guarantee that improving our constitution will improve things. However, one thing is certain: if we don't establish a rational constitution, we will continue on our path of self-destruction. What kind of government is best? For me the best government is that which governs the least. We need the government not because it can provide for us but because it keeps us from running into each other. The proper function of government is that of a traffic light: it prevents us from bumping each other, but it does not tell us where to go.

What is the 51% Problem?

With the sudden rise of GHash.io as the number one mining pool, the 51% “problem” has again come to the forefront of people’s attention. It’s about time we pay attention ourselves and think clearly about this issue. At the outset, … Continue reading

Posted in Computers and Internet, Money and Economics, News and politics | Tagged , , | Leave a comment

The Concept of “Pure Money”

Recently I read about Alan Greenspan’s comments about Bitcoin to the effect that it’s nothing but a bubble phenomenon. Crypto-currencies are a bubble because these things have no “backing”. What Alan fails to understand (and what I failed to understand … Continue reading

Posted in Uncategorized

Total Market Breakdown

It took a couple of days after typhoon Yolanda has left for people to realize how devastating she has been. The hardest hit was the island of Leyte in which more than a thousand dead have been recovered, and the … Continue reading

Posted in Money and Economics, News and politics | 2 Comments

The Future is Here, and It’s Wonderful

This is an illustration of what it’s going to be like when Bitcoin or something like it becomes more dominant than any fiat currency. At the end of every month, from work you get paid in Bitcoins, say 100 miniBits. … Continue reading

Posted in Uncategorized | 1 Comment

The Miners’ “Greed” will Save Bitcoin

It just occurred to me that the Bitcoin system of production does not need to be controlled at all, not pogrammatically, not even by any rule. What will limit production is the profitability of miners. At this stage of development, Bitcoin … Continue reading

Posted in Money and Economics | 2 Comments

Would Bitcoin Suffer a Similar Fate as that of Unix on the Desktop?

I have seen the Grand Canyon of Arizona, and I am still smarting from its effect on my perception of reality. Its grandeur reminded me of a paradox, the paradox of what I would call “chance and permanence”: nature works … Continue reading

Posted in Money and Economics | 1 Comment

More on Bitcoins

I mentioned Bitcoins in “What is Money?” a blog I wrote almost two years ago. In that blog I predicted that by itself, Bitcoins would not gain wide use, that it needed a backer for it to gain the necessary … Continue reading

Posted in Money and Economics | 2 Comments

The Freedom to be Selfish

Ayn Rand shook the world with her prescription for what ails it. She offered a very simple prescription, one that goes against everything we have been taught so far, from Jesus Christ to Ghandi. She wrote that selfishness is a virtue, and … Continue reading

Posted in Amateur Philosophy | 8 Comments

The Evolution of Digital Computers in the Context of How Humans Organize

I came into the computer industry by way of the 8080 CPU, the first CPU on a chip. After tinkering with the 8080 chip for several years, in 1980 I was lucky to get into Intel, the company that introduced the 8080 in the … Continue reading

Posted in Computers and Internet | 2 Comments

Parasites

I have friends who work abroad and who send money regularly back home to a sibling or two. I tell them, why not deposit that monthly amount to a savings account instead? They feel guilty if they’d do that. The … Continue reading

Posted in Journal | 4 Comments