Bitcoin is a peer to peer token system that acts as cash. It utilises a distributed evidence trail to solve fraud and allows traceability.
Each bitcoin is held by the controller (who is usually the owner but could be a 3rd party, such as an exchange).
A "bitcoin" is a collection of digital tokens. These are held by an entity and are not distributed.
The ledger records a change in control
Bitcoin are not maintained on the ledger, that is a transaction log.
Bitcoin is *not* a distributed cryptocurrency.
It is a standard peer to peer token cash system that uses a distributed ledger as an evidence log.
The system is designed to be private, NOT anonymous.
CSW
Jan 30, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1580364854003400
https://t.me/CSW_Slack/2302
Each bitcoin is held by the controller (who is usually the owner but could be a 3rd party, such as an exchange).
A "bitcoin" is a collection of digital tokens. These are held by an entity and are not distributed.
The ledger records a change in control
Bitcoin are not maintained on the ledger, that is a transaction log.
Bitcoin is *not* a distributed cryptocurrency.
It is a standard peer to peer token cash system that uses a distributed ledger as an evidence log.
The system is designed to be private, NOT anonymous.
CSW
Jan 30, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1580364854003400
https://t.me/CSW_Slack/2302
Telegram
CSW - Slack Channel
CSW
Jan 30, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1580364854003400
https://t.me/CSW_Slack/2302
Jan 30, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1580364854003400
https://t.me/CSW_Slack/2302
_Reputed, responsible and established fiduciary body all parties accept from an agreement, transaction or deal._
https://thelawdictionary.org/trusted-third-party/
CSW
Feb 6, 2020
https://metanet-icu.slack.com/archives/C5131HKFX/p1581177681098000
https://t.me/CSW_Slack/2307
https://thelawdictionary.org/trusted-third-party/
CSW
Feb 6, 2020
https://metanet-icu.slack.com/archives/C5131HKFX/p1581177681098000
https://t.me/CSW_Slack/2307
_To solve this, we proposed a peer-to-peer network using proof-of-work to record a public history of transactions that quickly becomes computationally impractical for an attacker to change if honest nodes control a majority of CPU power._
You will note that I am very specific in the Whitepaper. In the sentence above, I have stated that a public history of transactions is created that is computationally impractical for an attacker to change. This is an important aspect that people overlook. I have not stated that bitcoin cannot be changed. If the honest nodes are acting to enforce the system, they can always seek to make the necessary alterations that they are required to do. Miners acting within the law can change the system. Those changes will be recorded. This leaves an audit trail available for all people to inspect and act on if necessary.
It is not impractical for the honest nodes to seek to change the public history while leaving a record of the change. Honest nodes will act to stop people who have been found to be money launderers, drug dealers, dealers and illicit material including stolen art or property or child porn.
When you read that comment in the conclusion to the Whitepaper what you need to consider is the nature of both the statement and its alternative. I have clearly stated that it is computationally impractical for an attacker to seek to change the bitcoin network. To do this they will leave evidence and come under the law.
What is missed in this statement is that I have not said at any point that it is impractical for an honest node working in conjunction with the other nodes to make a change to the bitcoin blockchain or code. By nature, miners are able to vote on the implementation of changes. If they seek to vote to act against the law they will face the consequences the law and this will include confiscation and civil loss. Bitcoin is not a cryptographic solution, it is not the desired anti-government thing that was wished for by cyberpunks, it is the product of my mind and I believe in law.
CSW
sep 26, 2019
https://metanet-icu.slack.com/archives/c5131hkfx/p1569516387039500?thread_ts=1569516387.039500&cid=c5131hkfx
https://t.me/CSW_Slack/2311
You will note that I am very specific in the Whitepaper. In the sentence above, I have stated that a public history of transactions is created that is computationally impractical for an attacker to change. This is an important aspect that people overlook. I have not stated that bitcoin cannot be changed. If the honest nodes are acting to enforce the system, they can always seek to make the necessary alterations that they are required to do. Miners acting within the law can change the system. Those changes will be recorded. This leaves an audit trail available for all people to inspect and act on if necessary.
It is not impractical for the honest nodes to seek to change the public history while leaving a record of the change. Honest nodes will act to stop people who have been found to be money launderers, drug dealers, dealers and illicit material including stolen art or property or child porn.
When you read that comment in the conclusion to the Whitepaper what you need to consider is the nature of both the statement and its alternative. I have clearly stated that it is computationally impractical for an attacker to seek to change the bitcoin network. To do this they will leave evidence and come under the law.
What is missed in this statement is that I have not said at any point that it is impractical for an honest node working in conjunction with the other nodes to make a change to the bitcoin blockchain or code. By nature, miners are able to vote on the implementation of changes. If they seek to vote to act against the law they will face the consequences the law and this will include confiscation and civil loss. Bitcoin is not a cryptographic solution, it is not the desired anti-government thing that was wished for by cyberpunks, it is the product of my mind and I believe in law.
CSW
sep 26, 2019
https://metanet-icu.slack.com/archives/c5131hkfx/p1569516387039500?thread_ts=1569516387.039500&cid=c5131hkfx
https://t.me/CSW_Slack/2311
Telegram
CSW - Slack Channel
CSW
Sep 26, 2019
https://metanet-icu.slack.com/archives/C5131HKFX/p1569516387039500?thread_ts=1569516387.039500&cid=C5131HKFX
https://t.me/CSW_Slack/2311
Sep 26, 2019
https://metanet-icu.slack.com/archives/C5131HKFX/p1569516387039500?thread_ts=1569516387.039500&cid=C5131HKFX
https://t.me/CSW_Slack/2311
Just a little clarity to make sure people understand something.
The court cases do not relate to BSV.
They relate to bitcoin (BSV) and all unauthorised copies of my database equally.
What people fail to understand in saying that this is about BSV and gaining the kind is that I ever gain everything or nothing. If I am not able to prove my ownership in a British court of law I don't get BSV, I get nothing.
Equally, when I prove and I shall because I have all the records and the fun of being audited for many years is that I have these for many years right back from the beginning in an admissible forensics date, then BTC will need to add the required aspect of the White Paper that says the owner is verified and not the possessor.
There are no decentralised claims that will save any of the developers.
It's very simple. I have a lot of time to be able to go through all of this process and tear apart all of the lies one by one.
If a miner chooses not to follow the regulations, the laws,, the court order and all of the things that they need to do then it is very simple...
I will sequester their assets
I will go after the personal assets of many of the individuals involved
I will chase down the people whichever country they happen to be hiding in
I will take the physical mining equipment
I will take the facilities
and, I will do it at a discount
so, the eventual thing is people will implement this or they will find that they have nothing left to fight me with.
The interesting aspect of all of this is that my claim exceeds the value of all of the mining hardware everywhere, not just China, globally
So, it's very simple - either people follow the law or I will use the law utterly eradicate anyone who refuses to follow the law.
I think that makes things very clear doesn't it?
By the way, I may not be doing this in the Ethereum world but every single Blockchain that will ever exist, has ever existed and can ever exist is subject to the same form of order.
it should have happened a long time ago the reality here is the lies have slowed it
CSW
May 14, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1621002342378500?thread_ts=1621002342.378500&cid=C5131HKFX
https://t.me/CSW_Slack/2313
The court cases do not relate to BSV.
They relate to bitcoin (BSV) and all unauthorised copies of my database equally.
What people fail to understand in saying that this is about BSV and gaining the kind is that I ever gain everything or nothing. If I am not able to prove my ownership in a British court of law I don't get BSV, I get nothing.
Equally, when I prove and I shall because I have all the records and the fun of being audited for many years is that I have these for many years right back from the beginning in an admissible forensics date, then BTC will need to add the required aspect of the White Paper that says the owner is verified and not the possessor.
There are no decentralised claims that will save any of the developers.
It's very simple. I have a lot of time to be able to go through all of this process and tear apart all of the lies one by one.
If a miner chooses not to follow the regulations, the laws,, the court order and all of the things that they need to do then it is very simple...
I will sequester their assets
I will go after the personal assets of many of the individuals involved
I will chase down the people whichever country they happen to be hiding in
I will take the physical mining equipment
I will take the facilities
and, I will do it at a discount
so, the eventual thing is people will implement this or they will find that they have nothing left to fight me with.
The interesting aspect of all of this is that my claim exceeds the value of all of the mining hardware everywhere, not just China, globally
So, it's very simple - either people follow the law or I will use the law utterly eradicate anyone who refuses to follow the law.
I think that makes things very clear doesn't it?
By the way, I may not be doing this in the Ethereum world but every single Blockchain that will ever exist, has ever existed and can ever exist is subject to the same form of order.
it should have happened a long time ago the reality here is the lies have slowed it
CSW
May 14, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1621002342378500?thread_ts=1621002342.378500&cid=C5131HKFX
https://t.me/CSW_Slack/2313
Telegram
CSW - Slack Channel
CSW
May 14, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1621002342378500?thread_ts=1621002342.378500&cid=C5131HKFX
https://t.me/CSW_Slack/2313
May 14, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1621002342378500?thread_ts=1621002342.378500&cid=C5131HKFX
https://t.me/CSW_Slack/2313
The only way and I will emphasise only that any Blockchain-based system will be able to exclude consumer rights and stop an individual from claiming ownership of lost assets and recovering these is to implement a waiver using a deed.
To do that would require that every individual on the system without fail expressly provides identity and ownership records for every transaction that is publicly available and searchable minimising the amount of privacy and forming not only a contract but a deed between themselves and the developers that allows any loss to occur without hope of recovery
any Blockchain and I mean any system that will ever be developed in the course of human history that implements a Blockchain is recoverable following a court order
this is not just BTC, it is not just Ethereum it is anything
(The Wyoming bitcoin/banking legislation)
irrelevant the legislation has nothing to do with bitcoin or any related system and it is focused on technology from the nineties without understanding what the Flick they were supposed to be writing about because they listen to idiots
it has relevant as legislation to do with boats that is written to cover trucks
if you receive bitcoin without notice and you maintain all of the transaction records it is covered as cash which means it is yours
if you receive bitcoin from an exchange the bank, a.k.a. exchange, is liable
the requirements here DO cover stolen goods just as they have always done in the last 300 years
if you use a mixer you lose all your money
the entire aspect of what you're missing is that this is not in exchange for value it is a mixer
the law is very very clear here, you're not buying goods and services you are mixing your money and if you mix your money you have no rights to anything that is illegally obtained
you are not a merchant, you are not getting money from one
CSW
May 15, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1621086642425000?thread_ts=1621086642.425000&cid=C5131HKFX
https://t.me/CSW_Slack/2320
To do that would require that every individual on the system without fail expressly provides identity and ownership records for every transaction that is publicly available and searchable minimising the amount of privacy and forming not only a contract but a deed between themselves and the developers that allows any loss to occur without hope of recovery
any Blockchain and I mean any system that will ever be developed in the course of human history that implements a Blockchain is recoverable following a court order
this is not just BTC, it is not just Ethereum it is anything
(The Wyoming bitcoin/banking legislation)
irrelevant the legislation has nothing to do with bitcoin or any related system and it is focused on technology from the nineties without understanding what the Flick they were supposed to be writing about because they listen to idiots
it has relevant as legislation to do with boats that is written to cover trucks
if you receive bitcoin without notice and you maintain all of the transaction records it is covered as cash which means it is yours
if you receive bitcoin from an exchange the bank, a.k.a. exchange, is liable
the requirements here DO cover stolen goods just as they have always done in the last 300 years
if you use a mixer you lose all your money
the entire aspect of what you're missing is that this is not in exchange for value it is a mixer
the law is very very clear here, you're not buying goods and services you are mixing your money and if you mix your money you have no rights to anything that is illegally obtained
you are not a merchant, you are not getting money from one
CSW
May 15, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1621086642425000?thread_ts=1621086642.425000&cid=C5131HKFX
https://t.me/CSW_Slack/2320
Telegram
CSW - Slack Channel
CSW
May 15, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1621086642425000?thread_ts=1621086642.425000&cid=C5131HKFX
https://t.me/CSW_Slack/2320
May 15, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1621086642425000?thread_ts=1621086642.425000&cid=C5131HKFX
https://t.me/CSW_Slack/2320