Luisa Crawford
Sep 13, 2025 04:24
Within the interview notes of journalist Faye Xiaofei, Professor Han Feng, in an age of worldwide upheaval, raised his gaze to the celebs to discern the tides of historical past and lowered his eyes to the info to parse their logic, pursuing a query that cuts to the foundation of civilization itself: When the previous gravitational anchors collapse, the place ought to humanity’s wealth be moored?
Faye’s Lens on the Future
Faye famous in her journal:
When the true property mannequin reached its bodily limits, and when the credit score anchor of the U.S. greenback failed, humanity wanted a brand new “ark of worth.” Professor Han Feng’s reply was clear: Bitcoin—the “quantum gold” of the digital age.
3. Exhausting Forex of the Info Age: A New Type of Actuality
The worldwide debt disaster looms like an approaching gravitational singularity from which no escape is feasible. Whether or not in America, depending on monetary derivatives, or in China, reliant on land-backed credit score, no civilization can escape its pull.
When the previous logic of credit score growth exhausts itself, central banks reply instinctively with quantitative easing—printing cash, devaluing foreign money, like injecting gas right into a collapsing star in hopes of staving off loss of life. The Federal Reserve’s resort to this treatment in 2008 quickly forestalled systemic collapse.
However Ray Dalio warns: when a centennial-scale “whole debt disaster” arrives, this drug will fail. Debt has swollen to dimensions past the diluting energy of any central financial institution. When even devaluation can’t resolve it, historical past exhibits what follows: irreconcilable social divisions, the rise of populism, and in the end—civil wars or wars between civilizations.
The world we see as we speak steps inexorably towards this grim prophecy.
How can such a disaster be resolved? The final cycle provided a clue: arduous foreign money. After World Warfare II, it was the greenback, anchored to gold, that rebuilt credit score on the ruins of the globe.
So, within the twenty first century—what can we depend on?
Actual property? It has confirmed an introverted treatment, producing prosperity in a single area whereas eroding the system’s long-term vitality.
Gold? Its bodily kind makes it unfit for the high-velocity, bit-based digital financial system. Too sluggish, too cumbersome. Extra importantly, gold is product of atoms, whereas humanity is getting into a universe constructed on info.
U.S. capital markets? Wall Avenue, with its innovation-fueled giants like Apple, Nvidia, and Tesla, does inject worth into the greenback. However the system stays centralized, dominated by one civilization, and can’t function a really impartial, globally accepted resolution.
Then, in 2009, on the eve of the previous system’s collapse, a mysterious determine named Satoshi Nakamoto launched a chunk of open-source code. With out declarations, with out a company, he offered to humanity a radically new risk: a brand new type of arduous foreign money—Bitcoin.
Bitcoin: Gold Ascending into the Info Dimension
Bitcoin was designed on the logic of gold, however crafted for the digital age—a genesis of wealth consensus. It’s not a mechanical imitation of gold however its ascension into the informational dimension.
Power anchoring. Bitcoin mining consumes immense, exactly measurable vitality (electrical energy). This mimics the bodily value of gold extraction—by means of large entropy improve (computational warmth dissipation), it produces a low-entropy certainty within the info world: the block. Thus, a measurable bodily foundation underpins this new international wealth consensus.
Absolute shortage. Its whole provide is algorithmically capped at 21 million items—an immutable fixed of the universe, echoing gold’s shortage.
Informational stability. As a pure digital kind, Bitcoin can’t corrode or degrade, and may be infinitely divisible.
Decentralization. It has no central authority. Its existence rests on the neutral legislation of computation. Totally open-source, its clear guidelines are the prerequisite for international consensus. It’s destined to be the popular worth medium of future AI economies—for AI trusts solely arithmetic and computation, not guarantees.
Digital property rights. Most significantly, by means of private-key signatures, Bitcoin created for the primary time within the digital realm a type of property that’s clear, tamper-proof, and requires no third-party belief.
This was just like the issuance of China’s first property deed in 1998: a Huge Bang singularity for a brand new epoch.
Many ask Han Feng why he believes Bitcoin’s worth will develop by orders of magnitude sooner or later. His reply is easy: the following wave of globalization, and the financial system of AI brokers, would require a price anchor belonging to not any human authority, however solely to arithmetic and computation.
Faye’s Observations
In her annotations, Faye wrote:
Bitcoin’s “absolute shortage” and “digital property rights” are the very consensus of gold transposed into the informational cosmos.
If China’s property deed was its home Huge Bang singularity, then Bitcoin’s “genesis block” was humanity’s international singular second.
Suspense
On the finish of this chapter, Faye left a haunting query:
As “quantum gold” rises, how will the previous power-holders reply? Why did Donald Trump reverse his stance by 180 levels? And what power may pull Bitcoin from the margins to the very core?
Preview | Episode 4: Paradigm Shift — A Energy Holder of the Outdated World Turns.
Picture supply: Shutterstock