Invest In Crypto News
  • Home
  • Latest News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
    • Blockchain News
    • Doge News
    • NFT News
    • Video
    • Market Analysis
    • Business
    • Finance
    • Politics
    • Mining
    • Regulation
    • Technology
  • Top 10 Cryptos
  • Market Cap List
  • IC DAO
  • Donations
  • Contact
  • Buy Crypto
  • IC DAO
No Result
View All Result
Invest In Crypto News
  • Home
  • Latest News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
    • Blockchain News
    • Doge News
    • NFT News
    • Video
    • Market Analysis
    • Business
    • Finance
    • Politics
    • Mining
    • Regulation
    • Technology
  • Top 10 Cryptos
  • Market Cap List
  • IC DAO
  • Donations
  • Contact
  • Buy Crypto
  • IC DAO
No Result
View All Result
Invest In Crypto News
No Result
View All Result

An Experiment Incubated at Harvard to Resolve the Global Debt Crisis (Part 6 of 7)

CryptoExpert by CryptoExpert
September 16, 2025
in Blockchain News
0
An Experiment Incubated at Harvard to Resolve the Global Debt Crisis (Part 6 of 7)
  • Facebook
  • Twitter
  • Pinterest


You might also like

CFTC Proposes New Rules for Sports Prediction Markets

Onchain Gambling Defies Crypto Pullback With $14B Quarter: TRM Labs

Botanix Pulls Plug on Bitcoin L2 After 4 Years as Fee Income Falls Short



Rebeca Moen
Sep 16, 2025 08:31

In the interview notes of journalist Faye Xiaofei, Professor Han Feng, in an age of global upheaval, raised his gaze to the stars to discern the tides of history and lowered his eyes to the data to parse their logic, pursuing a question that cuts to the root of civilization itself: When the old gravitational anchors collapse, where should humanity’s wealth be moored?





Faye’s Lens: A Rain-Soaked Phone Call in Boston

Faye noted in her journal:

It was one of those moments when history seems to ignite quietly, without spectacle. Han Feng recalled crouching under the eaves of a noodle shop in Boston’s Chinatown during a torrential downpour, holding a phone conference about NBW’s incubation. That moment, unremarkable in appearance, mirrored countless other institutional “ignition points” throughout history—silent, yet enough to shift the future.

6. Genesis at the Harvard Innovation Center: The Birth of a New Bretton Woods System

After studying and debating Shiller’s Narrative Economics, Han and his colleagues at Harvard converged on a new concept: the New Bretton Woods System (NBW).

Their vision: to develop a stablecoin system anchored to Bitcoin—the “quantum gold” of the digital information era. This new form of hard currency would serve as the foundation for global stablecoins, fueling the next wave of globalization and the economy of AI agents by providing both a wealth narrative and liquidity for credit markets.

okex

Han recalled the precise moment: a stormy afternoon in Boston’s Chinatown. Sheltering under the awning of a noodle shop, he and Dr. Xue joined two Harvard alumni for a phone conference. One suggested formally applying for incubation of the NBW project at the Harvard Innovation Center. They began to work through the dense application forms.

The foremost challenge was clear: they had to articulate convincingly how a stablecoin built on the Bitcoin mainnet—later known simply as the NBW stablecoin—could ensure both decentralization and security, while preserving user sovereignty over the underlying asset: Bitcoin.

 

 

The NBW Proposal

In their application, they wrote:

“The NBW stablecoin is a Bitcoin-backed stablecoin. It leverages zero-knowledge proofs, a bimetallic minting mechanism (with ELA/FIST as ‘silver’ assets), and an arbitration network developed by Elastos (BeL2) as Bitcoin’s Layer 2. Inspired by the vision of a New Bretton Woods order anchored in assets, NBW offers a non-custodial, decentralized stablecoin—sharply distinct from today’s custodial stablecoins.”

 

 

Decentralization by Design

Bitcoin multisig. On the Bitcoin mainnet, NBW employs a 2-of-3 multisignature (P2WSH) lock script. No single party can control funds.

Normal loan life cycle. Users lock BTC to mint stablecoins. Upon repayment, both borrower and issuer must sign to release BTC. Neither can act unilaterally.

Arbitration. If issuers fail to release BTC after repayment, users can appeal to the decentralized BeL2 arbitration network. A randomly selected arbitrator, upon verifying repayment, can co-sign with the borrower to unlock BTC. No party—borrower, issuer, or arbitrator—can act alone. Arbitrators stake collateral to ensure honesty, with zero-knowledge proofs preventing misconduct.

Default scenario. If borrowers fail to repay on time, issuers can liquidate BTC after the first timelock expires. This is not centralization but a pre-agreed contract clause enforced by code. Borrowers can hedge by purchasing Bitcoin short options, offsetting extreme volatility.

Fail-safe recovery. If issuers collapse or vanish, after a second, longer timelock, borrowers regain unilateral control and can reclaim their BTC. This ensures ultimate sovereignty over user assets.

Conclusion: So-called “unilateral” actions in NBW are not acts of centralized power, but pre-programmed, cryptographically enforced terms of a contract. Unlike WBTC and other custodial models, NBW never transfers Bitcoin custody to a central entity.

 

 

The Gong of Genesis

On September 26, 2024, the Harvard Innovation Center officially approved NBW’s incubation. In accordance with tradition, a small gong ceremony was held. The gong’s resonance echoed through the Innovation Center’s atrium.

At that moment, Han and his collaborators felt they were not merely launching a startup project—they were striking the first note for a new world.

Figure 5. The traditional gong ceremony at the Harvard Innovation Center, celebrating the launch of the NBW project.

 

 

Faye’s Reflections

In her notes, Faye underlined:

She sensed what Han called the “breath of institutions.” The design of NBW echoed the original Bretton Woods system of monetary anchors—but stripped away the chains of nation-states and power.

Most strikingly, NBW did not hand Bitcoin to centralized custodians—it returned it to code and consensus. This is the first principle of the decentralized world.

 

 

Suspense

Faye closed her notes with a question:

When the gong of NBW rang, could it truly provide a new anchor for the global financial system? Where would this “ark” sail?

Preview | Episode 7: September 1, 2025 — A New Ark Sets Sail in Dubai.

Review | Episode 5: Reflections by the Charles River: The Revelation of Narrative Economics

Review | Episode 4: Paradigm Shift — A Power Holder of the Old World Turns.

Review | Episode 3: Hard Currency of the Information Age — The Rise of Quantum Gold (Bitcoin, Trump’s pivot, and the Harvard NBW experiment).

Review | Episode 2: The Genesis Experiment on the Eastern Continent — Land as Foundation.

Review | Episode 1:  A Prophecy Beneath the Balinese Sky

Image source: Shutterstock



Source link

  • Facebook
  • Twitter
  • Pinterest
Tags: Bitcoin
CryptoExpert

CryptoExpert

Recommended For You

CFTC Proposes New Rules for Sports Prediction Markets

by CryptoExpert
June 11, 2026
0
CGV Leads Expansion in Bitcoin Wallet Sector with UniSat Investment

Jessie A Ellis Jun 10, 2026 22:19 The CFTC's proposal could legitimize sports prediction markets while clarifying election contract regulations. Public comments open for...

Read more

Onchain Gambling Defies Crypto Pullback With $14B Quarter: TRM Labs

by CryptoExpert
June 11, 2026
0
Cointelegraph

Prediction markets overtook onchain gambling for the first time in the opening quarter of 2026, recording $36.6 billion in volume compared with gambling's $14 billion, according to TRM...

Read more

Botanix Pulls Plug on Bitcoin L2 After 4 Years as Fee Income Falls Short

by CryptoExpert
June 10, 2026
0
Botanix Pulls Plug on Bitcoin L2 After 4 Years as Fee Income Falls Short

Key TakeawaysBitcoin L2 network Botanix is winding down all operations after a 4-year effort to build on the blockchain.The team notes the crypto market favors centralized venues like...

Read more

Claude Managed Agents Add Scheduling, Secure CLI Access

by CryptoExpert
June 10, 2026
0
Claude Managed Agents Add Scheduling, Secure CLI Access

Tony Kim Jun 09, 2026 21:28 Claude Managed Agents now support scheduled tasks and secure CLI tool integration, streamlining enterprise AI automation. ...

Read more

Privacy Push Accelerates as StarkWare and Sui Launch Compliance-Ready Confidential Transfers

by CryptoExpert
June 10, 2026
0
Cointelegraph

StarkWare and Sui launched new privacy features this week that allow users to conceal transaction data without fully sacrificing auditability or regulatory oversight.StarkWare said Tuesday that it launched...

Read more
Next Post
Gold Rallies to Another All-Time High

Gold Rallies to Another All-Time High

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Business
  • Doge News
  • Ethereum News
  • Finance
  • Market Analysis
  • Mining
  • NFT News
  • Politics
  • Regulation
  • Technology
  • Trending Cryptos
  • Video

Sitemap

  • Market Cap
  • Donations
  • Trading
  • Mining
  • Contact

Legal Information

  • Privacy Policy
  • Anti-Spam Policy
  • Copyright Notice
  • DMCA Compliance
  • Social Media Disclaimer
  • Terms Of Service

Categories

  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Business
  • Doge News
  • Ethereum News
  • Finance
  • Market Analysis
  • Mining
  • NFT News
  • Politics
  • Regulation
  • Technology
  • Trending Cryptos
  • Video

© Copyright 2024 InvestInCryptoNews.com

No Result
View All Result
  • Home
  • Latest News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
    • Blockchain News
    • Doge News
    • NFT News
    • Video
    • Market Analysis
    • Business
    • Finance
    • Politics
    • Mining
    • Regulation
    • Technology
  • Top 10 Cryptos
  • Market Cap List
  • IC DAO
  • Donations
  • Contact
  • Buy Crypto
  • IC DAO

© Copyright 2024 InvestInCryptoNews.com

This website is using cookies to improve the user-friendliness. You agree by using the website further.

Privacy policy
bitcoin
Bitcoin (BTC) $ 62,853.00
ethereum
Ethereum (ETH) $ 1,657.71
tether
Tether (USDT) $ 0.998822
bnb
BNB (BNB) $ 599.75
usd-coin
USDC (USDC) $ 0.999823
xrp
XRP (XRP) $ 1.12
solana
Solana (SOL) $ 65.34
tron
TRON (TRX) $ 0.322078
figure-heloc
Figure Heloc (FIGR_HELOC) $ 1.02
staked-ether
Lido Staked Ether (STETH) $ 2,265.05

Pin It on Pinterest

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?