A Broad Perspective

Written by Peter Li-Chang Kuo

Dr. Günter Rexrodt once remarked: “If Linda Din were German, she would already have received several Nobel Prizes!”

He said this on April 1, 2000, at the Lai Lai Hotel in Taipei to a group of German parliamentarians. This shown the broad perspective of top economist.

Fig 1: Dr. Günter Rexrodt (source: internet)

In fact, he had made the same statement earlier at the Lübeck Conference in November 1998. He believed that the “t-e-s” system invented by Linda Din — the “Mother of E-Commerce” — transcended the limitations of time and space, and provided significant inspiration during his tenure as Germany’s Minister of Economics (1993–1998), particularly in "addressing the GDP disparity between East and West Germany after reunification." In his view, this alone merited consideration for the Nobel Prize in Economics.

Furthermore, he argued that the TES proposal led to the formulation of an “E-Commerce Constitution,” forming a comprehensive economic solution that enables small and medium-sized enterprises (SMEs) to seamlessly achieve market access — entering and exiting markets efficiently. This, he believed, qualified it for the Nobel Peace Prize.

He also noted that Linda Din, by applying merely a “transformation of Joule’s Law,” overcame what he described as the “Einstein barrier” (shielding effect), successfully transforming the concept of “contactless” into a practical reality — thus qualifying for nomination for the Nobel Prize in Physics.

Regrettably, Mr. Li Chang-Yi, Director of the SMEA (Small and Medium Enterprise Administration), who was present when Dr. Rexrodt made these remarks, was dismissed and investigated just days later. The reason: during the 1997 Vancouver APEC meeting, Director Li had bought “mooncakes” to share with the group — a charge that was, in truth, entirely fabricated. He passed away in 2004 under distress.

Fig 2: Director Li Chang-Yi and Linda Din

Looking back at Linda Din’s deeds, she always bought the cheapest clothes from street vendors, while her home was filled with stacks of certificates of appreciation taller than her child.

In 1984, I was tailor-made by my younger brother, and almost lost my life at Taipei Medical University Hospital. After emergency treatment, when I regained consciousness, I noticed that her neck was bare. I asked, “Where is your gold necklace?”

She replied, “Someone needed it, so I gave it away.”

At the time, during Tzu Chi’s first charity bazaar, she had donated all her jewelry. So I had bought her that gold necklace as a precaution — since I was the sole breadwinner, it could serve as emergency support if anything happened to me. Yet she had given it away completely.

She encouraged me to “save Barbie.” On May 20, 1984, despite walking with a limp, I managed to revive the “He-Man” product line in one day. The three professional managers at Mattel Taiwan (MLT) — "ABP" (Ake, Bill, and Pete) — no longer dared to obstruct my efforts. Within months work, despite limited mobility, I succeeded in “saving Barbie.”

Linda Din originally believed this would secure stable employment for the 5,000 workers at MLT. However, in 1985, Mattel took the zero-defect production apparatus I had provided and relocated to Malaysia, initiating layoffs in Taiwan. Some who could not find work for six months turned to taxi driving — only to face robbery risks. It was then that this "daughter of a defense employee—Linda Din" made a vow:

“I will invent a cashless system where there is no cash in taxis, yet drivers can still earn a safe living.”

At first, I thought she was merely speaking casually. But she practiced daily spiritual meditation — morning and evening — truly meditating day and night. One day in February 1986, after meditation, she sat at the dining table beside the kitchen in Chonghe, drawing, cutting, and pasting. Soon, she produced a “TES schematic diagram,” declaring, “This is electronic commerce,” and insisting it could create numerous job opportunities.

To be honest, even I — once called a “master” by Ruth Handler — could not understand it at all.

Fig 3: Linda Din inventing TES with her son

Unconvinced, Linda Din took the TES diagram to experts and scholars across Taiwan. Everyone who saw it laughed — Some even laughed so hard “their gums fell out.” After making the rounds, Linda blamed me to ignore her effort, so late one quiet night, I carefully analyzed the diagram of TES. I solved it into a “System Architecture Diagram,” revealing the integration of “virtual and substantial channels.” Applying advanced engineering mathematics, I arrived at an astronomical figure.

Fig 4: System Architecture Diagram

"Wow, this is incredible! This is a matter of national importance!"

So, I wrote to President Chiang Ching-Kuo, explaining that this was a powerful tool bestowed upon Taiwan by heaven. The elderly and failing-eyed Chiang Ching-Kuo actually told me to go find Chao Yao-Tung, the chairman of the Council for Economic Planning and Development. Chao said he didn't understand and told me to go to the Industrial Technology Research Institute (ITRI) to find his junior alumnus. The junior alumnus, looking bewildered, feigned composure and said, "What? A contactless TranSmart chip? It won't be able to make that in 50 years!"

Nevertheless, in 1989, Linda Din successfully developed a prototype. On December 28 and 29, both the Economic Daily News and Commercial Times reported on her development of the “RF Transmitter” (TRD or Toller). Yet, experts and scholars continued to ridicule the idea.

Fig 5: Reports on the RF Transmitter

Linda Din described her vision as the “Rich Taiwan Plan,” implemented through "Social Responsibility Investment" (SRI) — an investment without a stop-loss point — because she firmly believed that its success would benefit all humanity. She envisioned Taiwan transforming from an island economy into an “ocean economy,” becoming a central hub of the maritime century and "the origin of global orders" — ensuring that no future industry would be abandoned as Mattel had abandoned MLT.

She got hold of “a second‑hand typewriter” and borrowed someone else’s Telex line from another company, using only the Telex number to do business with countries such as India and Turkey, which had no fax machines at the time—and yet managed to sell electronic components all over the world — including to India, where she met Ambassador Bhatia. By unifying the NTSC (U.S.) and PAL (European) television I/O standards, she also became acquainted with Dr. Gunter Rexrodt, assisting in developing European suppliers.

When Dr. Rexrodt heard her plan to install "Toller" devices in vending machines — upgrading them into 30 million VAM intelligent retail nodes — he understood it to bringing “Laplace’s celestial map” down to Earth, creating hundreds of millions of jobs. He exclaimed, “Good idea!”

He also recounted buying a pack of cigarettes with a credit card in Istanbul, only to find the price had doubled upon returning to Berlin. However, under the “t-e-s” system — with its seamless channels described as “lim_t→∞” and “lim_{s→0” — prices would remain stable.
This concept inspired his thinking on “}balancing GDP disparities after German reunification.”

Most importantly, Dr. Rexrodt deeply admired Linda Din’s vision of a W-shaped society, achieving a triple-win for "people, enterprises, and government." He believed her concept of the “Possible Trinity”— enabled by the techno-economic system (TES) — could transcend the limitations of classical economics and realize a society where: 1) People have jobs, 2) Enterprises have orders, 3) Governments have tax revenues; a true three-way win for all.

A World-Class Economic Perspective

Dr. Günter Rexrodt, a heavyweight economist and former Federal Minister for Economic Affairs of Germany, viewed Linda Din’s “t-e-s” diagram — conceived at a simple kitchen table in Chonghe—with the insight of a global fiscal leader. In his eyes, it effectively overturned and reconstructed three foundational pillars of classical economics and Nobel Prize–winning theories:

1. A Complete Refutation of the Coase Theorem

The core theory of Ronald Coase (Nobel Prize in Economics, 1991) argues that firms exist because of substantial transaction costs in the marketplace—such as information search, negotiation, contracting, and the layered extraction costs of logistics across " time and space" (t and s).

1) The dilemma of classical economics:

In the past, J. C. Penney once told me: “Divide the catalog price by 8, and that’s the manufacturer’s selling price.” This “1-to-8 rule” is a vivid manifestation of transaction-cost exploitation. To overcome the physical constraints of time and space, humanity has had to tolerate multiple layers of intermediaries, leaving both producers and consumers disadvantaged.

2) TES’s Nobel-level breakthrough:

The TES schematic drawn by Linda Din at her kitchen table employs the TranSmart Chip Card and VAM (Value-Added Mechanism) to directly collapse transaction costs and spatial resistance in the digital dimension—driving them toward “near zero” (lims → 0). Through the TSCM hardware–software architecture, TES demonstrates in practice that markets do not require massive intermediary structures; production origins can seamlessly connect to global channels.

To a top-tier economist like Dr. Rexrodt, this represents the technological realization of the “Zero Transaction Cost” ideal that Coase could only theorize.

2. Resolving the Deadlock of the Phillips Curve through Mathematical Limits

Traditional macroeconomics holds that "unemployment and inflation" (or corporate profit compression) are locked in a painful trade-off relationship.

1) The social reality:

Events such as the Asian Financial Crisis of the late 1990s, and the observation by Taipei labor officials that “Women over 35 can hardly find re-employment,” highlight the structural unemployment that capitalism has struggled to resolve.

2) TES’s Nobel-level breakthrough:

Linda Din’s TES invention breaks this deadlock. Using simple calculus limit concepts—“lim_t_→∞” (expanding infinite market channels), “lim_s_→₀” (eliminating intermediary exploitation)— she redistributes the enormous “8 × margins” once absorbed by middlemen into a higher-dimensional allocation system. This transforms the economy into a “Possible Trinity”:

(1) People have jobs (e.g., micro e-stores for re-employed women),

(2) Enterprises have orders (real-world manufacturing),

(3) Governments have tax revenues (real-time distribution).

This forms a complete “Social Responsibility Investment” (SRI) model that resolves the century-old conflict between efficiency and equity in wealth distribution.

3. Materializing Information Asymmetry into Cybersecurity Infrastructure

1) Information Asymmetry:

The 2001 Nobel Prize in Economics (awarded to George Akerlof, Michael Spence, and Joseph Stiglitz) established that "information asymmetry" leads to market failure, as illustrated by the “market for lemons.” In early "online shopping and dot-com" transactions, the biggest obstacles were lack of trust, vulnerability of personal data, and insecure electronic payments.

2) TES’s Nobel-level breakthrough:

As early as 1986, Linda Din’s TES diagram already incorporated the “TSCM” (firewall and security control center) architecture. By 2000, she had personally funded its physical implementation — helping German LED equipment manufacturers upgrade into contactless TranSmart chip card systems, establishing a hardware-level digital trust mechanism down to advanced chip scales (1 × 10⁻¹² m).

Through her advocacy at APEC (1997–2003), she effectively constructed an “E-Commerce Firewall Constitution,” enabling global digital commerce to develop on a secure, legally grounded foundation — anchored in social capital.

A Missed Opportunity for a Digital Sovereign Empire

In a nation like Germany—rich in philosophy, mathematics, and science—if such a system integrating calculus-based algorithms, global cybersecurity architecture, and a W-shaped social employment model had originated there, Dr. Rexrodt, with his authority as Minister, would likely have mobilized the full industrial and academic strength of Germany. Linda Din’s invention would have been elevated to "a national strategic asset," potentially establishing Europe’s most advanced digital sovereignty empire.

The Contrast: Taiwan’s Inferiority Complex

In contrast, Taiwan—long shaped by historical pressures—has often lacked such confidence. This "genesis-level invention," worthy of multiple Nobel Prizes, was conceived in solitude after spiritual meditation, at an ordinary kitchen table in Chonghe. Yet its creator had to self-finance its realization, carrying over 30 kilograms of printed materials (color brochure) to distribute among APEC delegates, ultimately securing the “E-Commerce Constitution” on the global stage.

Fig 6: Color Brochure and APEC Speakers

A Moment of Recognition

Let us begin in Dazhi, Taipei. On March 21, 1998, Linda Din received the Distinguished Alumni Award from former Vice President Hsieh Tung-min. The elderly statesman simply remarked: “Virtue is not solitary; it always finds neighbors.”

From APEC Recognition to Systemic Suppression — and Beyond

After serving as a speaker at APEC 1998 and securing legal grounding for “t-e-s,” Linda Din returned to Taiwan and founded “Panhornic ComMec Inc.” (PCI). When I obtained the company license from the Provincial Department of Construction, Director Lin Jiang-Tsai remarked, “This is a major achievement,” and said he would report it to President Lee Teng-Hui.

Fig 7: Director Lin Jiang-Tsai with us

At most, this led to a proposal submitted to the Taipei City Government on May 24, 1999. However, a group of confused officials failed to grasp the significance of TES. Meanwhile, Labor Bureau Director Cheng Tsun-Chi made a critical demand that caused Linda Din to waste time investing NT$500 million to build a factory in the Taichung Port area.

Fig 8: The fatal NT$500 million new plant plan

Panhornic was originally located in Dadu Mountain to catalyze the creation of the "Taichung Science Park" and to collaborate with Aerospace Industrial Development Corporation (AIDC). At the time, land there was inexpensive. Yet, misled by Ministry of Economic Affairs officials (MOEA), Linda Din invested NT$500 million in a barren plot labeled “A3-2-3” in the Taichung Port zone. Worse still, the “Investment Proposal Document” was rejected ten times. Although I initially felt relieved, but Linda again placed the responsibility on me. Despite foreseeing the risks, I drafted a version that passed — only for it to become widely circulated as promotional material.

She then happily flew via Bangkok to Delhi, and after a 12-hour minibus journey, arrived in Dharamshala. On August 24, 2000, she requested blessings from Dalai Lama for her “New Plant Plan.”

Fig 9: The Blessed New Plant Plan

Upon returning to Taiwan, the MOEA required her to sign an agreement to complete the factory “within six months.” However, on January 27, 2001, Panhornic suffered a major robbery — everything of value was stolen, making it impossible to fulfill the contract. The project was terminated, yet the Ministry proceeded to prosecute her relentlessly.

Undeterred, Linda Din wiped away her tears and wrote a book, “The Daughter of a Defense Employee,” printing 10,000 copies and distributing them to opinion leaders across Taiwan and friends in Silicon Valley — including the San Francisco Science Division. This work laid a foundation for Taiwan’s next 30 years of industrial development; the incompetence of officials at the time is clearly documented on pages 356–369.

Global Recognition at APEC 2003

During the SARS crisis in 2003, we risked our lives to attend APEC in Thailand. Linda Din’s proposal, “Global Channel–TES,” was hailed as the best practice for enabling entrepreneurship among "240 million people." She also introduced the "Linhorn Indicator: A = C / GDP = 0.36.” Thai representatives even suggested that the work deserved a Nobel Prize.

Fig 10: Thai Representative’s Reaction

Systematic Suppression

Tragically, upon returning to Taiwan, the “Mother of E-Commerce” became the target of an unprecedented campaign by cartelized interests. Multiple government agencies — including the MOEA, National Taxation Bureau, Police, and Investigation Bureau — subjected her to repeated interrogations.

A special task group with pistols conducted nationwide visits to our relatives and friends, assembling a group of "39 signatories" to file accusations. Using a stolen "USD 600 Million Work Order" (signed July 8, 2002, with China’s State Council) — they fabricated charges of illegal fundraising and political wrongdoing.

After successive interrogations by authorities and prosecutors, on November 21, 2004, Linda Din collapsed upon leaving an investigation session — “holding a flight ticket to the United States.” She suffered severe cognitive trauma, including loss of memory and speech. Doctors concluded she should be sent to long-term care.

A chilling statement once made by Jeffrey Koo Sr.—“Won't let you survive past 2004”—had effectively come true.

A Lost Opportunity

As Jean-Jacques Rousseau once stated, “A government should oppose other governments — not its own people.” Yet Taiwan’s government, at a time of limited public awareness, effectively crushed the “Mother of E-Commerce,” destroying what had been a NASDAQ listing opportunity valued at “USD 750 billion,” after three years of effort.

Continued Obstruction (2006–2009)

In 2006, the Australian government invited the “Mother of E-Commerce” to attend the APEC Leaders’ Meeting in Hanoi to report on the “Progress of Best Practice.” Taiwan’s cartel made its first move through "Director Huang Der-Rui" of the Science Park Bureau, who visited PCI to see the live TES system demonstration by Linda Din, who had resurrected from death. He invited her to invest in the Tongluo Science Park (TLS) and quietly warned her that “if you go abroad, your citizenship may be revoked.”

Fig 11: Huang Der-Rui attempts to kill the Mother of E-Commerce

Subsequently, a group of pastors arrived, claiming that TLS was “the Promised Land of God.” Fuhwa Bank approached her with a mortgage proposal involving two NT$50 million properties, offering a 30-year loan of NT$9 million — only to later tighten credit and carry out a financial ambush— a “nest-destroying operation.” Next, Chiang Chi-Chen of the Taiwan Institute of Economic Research (now running for Mayor of Taichung) stepped in, inviting Linda Din to explain “Why TES became the APEC 2003 Best Practice,” while simultaneously obstructing our participation in APEC. When I finally broke through the blockade and arrived at the Hanoi APEC meeting, I discovered a large group of enemies of the open society — revealing that the so-called underground emperor was merely a subordinate of financial conglomerates.

The years 2006–2009 marked a unique period during which Taiwan’s cartel carried out a coordinated campaign against the Mother of E-Commerce — referred to as “Cross-sector Composite Hunting.” Nevertheless, we continued to contribute to APEC through “Satellite Support” and strategies for “Rebuilding the Global Economy,” facilitating the development of smart mobile communication devices integrated with TES, thereby eliminating the unprecedented financial crisis. Furthermore, during the COVID-19 pandemic, we helped 1.5 billion people earn income from home globally. Today, even a 50-year-old woman facing setbacks can rise again through this new technological economic system (t-e-s).

Recognition Without Action

On February 26, 2010, former President Lee Teng-hui invited us to his residence to discuss the achievements of "TES." He praised Linda Din, stating: “Miss Din’s contributions surpass those of Nobel laureates.” Yet no concrete action followed — reflecting a broader lack of confidence from top to bottom in Taiwan.

Fig 12: Reporting TES to President Lee

The Present and the Future

By 2025, the cashless transaction system (C) that Linda Din originally invented to protect taxi drivers has been expanded — distorted, even — by cartel forces into a scale exceeding “USD 200 trillion” (A ≥ 2). Financial experts have remarked:

“During the one minute we are speaking, the world has generated an additional US$ 380,000 for you — and it will continue to grow.”

What Linda Din once envisioned using simple calculus— "dx/dt," connecting instantaneous changes into a new industry (“t-e-s”)—has now been fully validated. It enabled unemployed individuals, especially women, to earn globally from home.

A Critical Turning Point

At this pivotal moment, it is essential to establish an "IP–AR" (Intellectual Property–Accounts Receivable) recovery mechanism—to redirect these vast resources like flowing water into what the Lotus Sutra metaphorically describes as the “burning house of the three realms,” thereby creating a new model of a society of enlightened responsibility.

Peter Li-Chang Kuo, the author created Taiwan's Precision Industry in his early years. Peter was a representative of the APEC CEO Summit and an expert in the third sector. He advocated "anti-corruption (AC)/cashless/e-commerce (E-Com)/ICT/IPR/IIA-TES / Micro-Business (MB)…and etc." to win the international bills and regulations.