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
You cannot receive US$100,000 in good faith without customer due diligence. The part you're missing @.......ack is good faith. It is not just good consideration and it is not without knowledge. Money received must be received in good faith. To be received in good faith, for an amount over the KYC and customer due diligence amounts requires that you have full identity checking. This means you need to know the identity of the individual is received from and they need to know it as well. SPV was created to allow this. When you hand the received transaction and inputs you received you can also prove good receipt.
In the case of the bank, that becomes a tortious action against the bank. You don't receive cash when you sell your house. What happens is a deposit goes via lawyers into banks. Where the bank does not do their due diligence, they will lose out.
The Alert key that I created for bitcoin allowed individual addresses to be frozen. That wasn't adequate but was a start. What needs to occur is individual unity exposed need to be frozen and not addresses. I should have seen the silly way people were using addresses already in 2010 but I didn't. Basically, bitcoin provides a methodology that will allow very quick freezing order application to be applied. When bitcoin is used in small quantities, and we're talking here around tens, of hundreds or thousands of dollars maximum, or micro payments there is no problem. When used as cash, bitcoin works as money perfectly.
The difficulties that people see come with this idea that bitcoin is a store of value and settlement system for rich people to move money without tax. The could not be further from the truth.
If you don't like tax, move to a country that doesn't have any.
If an exchange as a money handler accepts bitcoin as money, mostly they do this as a barter arrangement right now, then it will be liable for any of the losses. If your stolen money is deposited into Kraken then Kraken is completely liable for all of the losses associated with it. As a fungible good, this will be covered under mixing rules.
And yes, KYC applies at the time you received money or goods. So if you receive bitcoin now at $240 a bitcoin and you do in exchange for 10 bitcoin not requiring full KYC and a year later your BSV is valued at US$3000, even though the current value in a years time is US$30,000 and above the limit the test was at the time of the exchange for value.
And, there are limitations with recovery in any event. Some amounts on property will not end, but other actions have to be formed earlier on. It is also a reason to register property. Hiding your property from tax officials means that you can be in a position where you are out law and unable to take action.
CSW
Feb 27, 2020
https://metanet-icu.slack.com/archives/C5131HKFX/p1582799708005100?thread_ts=1582725831.383400&cid=C5131HKFX
https://t.me/CSW_Slack/2326
In the case of the bank, that becomes a tortious action against the bank. You don't receive cash when you sell your house. What happens is a deposit goes via lawyers into banks. Where the bank does not do their due diligence, they will lose out.
The Alert key that I created for bitcoin allowed individual addresses to be frozen. That wasn't adequate but was a start. What needs to occur is individual unity exposed need to be frozen and not addresses. I should have seen the silly way people were using addresses already in 2010 but I didn't. Basically, bitcoin provides a methodology that will allow very quick freezing order application to be applied. When bitcoin is used in small quantities, and we're talking here around tens, of hundreds or thousands of dollars maximum, or micro payments there is no problem. When used as cash, bitcoin works as money perfectly.
The difficulties that people see come with this idea that bitcoin is a store of value and settlement system for rich people to move money without tax. The could not be further from the truth.
If you don't like tax, move to a country that doesn't have any.
If an exchange as a money handler accepts bitcoin as money, mostly they do this as a barter arrangement right now, then it will be liable for any of the losses. If your stolen money is deposited into Kraken then Kraken is completely liable for all of the losses associated with it. As a fungible good, this will be covered under mixing rules.
And yes, KYC applies at the time you received money or goods. So if you receive bitcoin now at $240 a bitcoin and you do in exchange for 10 bitcoin not requiring full KYC and a year later your BSV is valued at US$3000, even though the current value in a years time is US$30,000 and above the limit the test was at the time of the exchange for value.
And, there are limitations with recovery in any event. Some amounts on property will not end, but other actions have to be formed earlier on. It is also a reason to register property. Hiding your property from tax officials means that you can be in a position where you are out law and unable to take action.
CSW
Feb 27, 2020
https://metanet-icu.slack.com/archives/C5131HKFX/p1582799708005100?thread_ts=1582725831.383400&cid=C5131HKFX
https://t.me/CSW_Slack/2326
Telegram
CSW - Slack Channel
CSW
Feb 27, 2020
https://metanet-icu.slack.com/archives/C5131HKFX/p1582799708005100?thread_ts=1582725831.383400&cid=C5131HKFX
https://t.me/CSW_Slack/2326
Feb 27, 2020
https://metanet-icu.slack.com/archives/C5131HKFX/p1582799708005100?thread_ts=1582725831.383400&cid=C5131HKFX
https://t.me/CSW_Slack/2326
Miners are agents of the network.
They earn tokens both from the network (me) as a diminishing subsidy, and as fees from users. They accept payment (consideration) in exchange for the service the provide in registering the envelopes on their ledger. They are a notary.
The ledger is distributed to allow any node or user to read a copy and check the registration journal. Each node competes to gain the rights to earn the fees in notarizing the set of ledger entries in a block. Other nodes ensure that the nodes remain honest and will orphan bad or erroneous ledger submissions.
The greater the investment, the more right to write the entry in the ledger and to be paid by the network.
Nodes contract BOTH with the network (me) and individuals who want their transactions registered (the fees are the consideration for the verification and registration service).
Nodes use PoW to show skin in the game, they demonstrate that they have something to lose if they are dishonest.
The is, something that the court can seize if the node cheats or is dishonest.
Proof of Work means that a node is always large enough, has a big investment and hence a presence that is easily found.
It stops everyone being able to run a node. Only corporate groups can afford to run a node.
This means, they (a node) cannot escape law and regulations. A node that is dishonest can be sued, they can have assets seized. The security is economic through law.
So.
Nodes contract BOTH with the network (me) and the users of the system.
If a node Knowingly helps move a coin that is associated with money laundering, theft or other crimes, they are complicit. Nodes what do not blacklist certain tokens are themselves criminal groups.
CSW
Mar 5, 2020
https://metanet-icu.slack.com/archives/C5131HKFX/p1583420301179600
https://t.me/CSW_Slack/2329
They earn tokens both from the network (me) as a diminishing subsidy, and as fees from users. They accept payment (consideration) in exchange for the service the provide in registering the envelopes on their ledger. They are a notary.
The ledger is distributed to allow any node or user to read a copy and check the registration journal. Each node competes to gain the rights to earn the fees in notarizing the set of ledger entries in a block. Other nodes ensure that the nodes remain honest and will orphan bad or erroneous ledger submissions.
The greater the investment, the more right to write the entry in the ledger and to be paid by the network.
Nodes contract BOTH with the network (me) and individuals who want their transactions registered (the fees are the consideration for the verification and registration service).
Nodes use PoW to show skin in the game, they demonstrate that they have something to lose if they are dishonest.
The is, something that the court can seize if the node cheats or is dishonest.
Proof of Work means that a node is always large enough, has a big investment and hence a presence that is easily found.
It stops everyone being able to run a node. Only corporate groups can afford to run a node.
This means, they (a node) cannot escape law and regulations. A node that is dishonest can be sued, they can have assets seized. The security is economic through law.
So.
Nodes contract BOTH with the network (me) and the users of the system.
If a node Knowingly helps move a coin that is associated with money laundering, theft or other crimes, they are complicit. Nodes what do not blacklist certain tokens are themselves criminal groups.
CSW
Mar 5, 2020
https://metanet-icu.slack.com/archives/C5131HKFX/p1583420301179600
https://t.me/CSW_Slack/2329
Telegram
CSW - Slack Channel
CSW
Mar 5, 2020
https://metanet-icu.slack.com/archives/C5131HKFX/p1583420301179600
https://t.me/CSW_Slack/2329
Mar 5, 2020
https://metanet-icu.slack.com/archives/C5131HKFX/p1583420301179600
https://t.me/CSW_Slack/2329
My 2008 dissertation in law starting to make sense now?
Read it carefully. See IP2IP as the source of what bitcoin is really about. Read the payment intermediary section on sending cash without trust carefully.
Read page 28.
Proof of Work means nodes are *not* judgement proof. They can be located and they have assets that can be sequestered and seized.
Miners (nodes) are the solution to crime. A decentralized system that allows regulators to target the largest parties.
And, law ALWAYS catches up eventually.
Hash rate does not secure anything. More hash is not more secure. Once you are large enough, hash is not important unless you are a node as it determines your earnings.
PoW allows nodes to be found, to ensure that no small nodes exist. PoW is about killing Raspberry pi and UASF.
PoW is a signal. Hashes have never bern a security tool. They are at most, a component of a security protocol.
Miners do not solve hashes.
Miners validate and order transactions
CSW
mar 5, 2020
https://metanet-icu.slack.com/archives/C5131HKFX/p1583425981182900?thread_ts=1583425981.182900&cid=C5131HKFX
https://t.me/CSW_Slack/2331
Read it carefully. See IP2IP as the source of what bitcoin is really about. Read the payment intermediary section on sending cash without trust carefully.
Read page 28.
Proof of Work means nodes are *not* judgement proof. They can be located and they have assets that can be sequestered and seized.
Miners (nodes) are the solution to crime. A decentralized system that allows regulators to target the largest parties.
And, law ALWAYS catches up eventually.
Hash rate does not secure anything. More hash is not more secure. Once you are large enough, hash is not important unless you are a node as it determines your earnings.
PoW allows nodes to be found, to ensure that no small nodes exist. PoW is about killing Raspberry pi and UASF.
PoW is a signal. Hashes have never bern a security tool. They are at most, a component of a security protocol.
Miners do not solve hashes.
Miners validate and order transactions
CSW
mar 5, 2020
https://metanet-icu.slack.com/archives/C5131HKFX/p1583425981182900?thread_ts=1583425981.182900&cid=C5131HKFX
https://t.me/CSW_Slack/2331
Telegram
CSW - Slack Channel
CSW
mar 5, 2020
https://metanet-icu.slack.com/archives/C5131HKFX/p1583425981182900?thread_ts=1583425981.182900&cid=C5131HKFX
https://t.me/CSW_Slack/2331
mar 5, 2020
https://metanet-icu.slack.com/archives/C5131HKFX/p1583425981182900?thread_ts=1583425981.182900&cid=C5131HKFX
https://t.me/CSW_Slack/2331
4_5836958416093842186.pdf
667.4 KB
17/04/2008
The Impact of Internet Intermediary Liability
90 Pages
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2953929
The Impact of Internet Intermediary Liability
90 Pages
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2953929
I found this today and I couldn't believe it
"7. Satoshi Removed His Name from the Bitcoin Software Before Leaving.
Finally, a last interesting find was that Satoshi did formally “quit” Bitcoin, removing his name from the copyright claim in the software and leaving the code to all “Bitcoin developers.” "
10 Years Ago Today, Bitcoin Creator Satoshi Nakamoto Sent His Final Message.
Pete Rizzo
Apr 26, 2021,12:30pm EDT
|1,026,250 views
https://www-forbes-com.cdn.ampproject.org/c/s/www.forbes.com/sites/peterizzo/2021/04/26/10-years-ago-today-bitcoin-creator-satoshi-nakamoto-sent-his-final-message/amp/
"7. Satoshi Removed His Name from the Bitcoin Software Before Leaving.
Finally, a last interesting find was that Satoshi did formally “quit” Bitcoin, removing his name from the copyright claim in the software and leaving the code to all “Bitcoin developers.” "
10 Years Ago Today, Bitcoin Creator Satoshi Nakamoto Sent His Final Message.
Pete Rizzo
Apr 26, 2021,12:30pm EDT
|1,026,250 views
https://www-forbes-com.cdn.ampproject.org/c/s/www.forbes.com/sites/peterizzo/2021/04/26/10-years-ago-today-bitcoin-creator-satoshi-nakamoto-sent-his-final-message/amp/
Forbes
10 Years Ago Today, Bitcoin Creator Satoshi Nakamoto Sent His Final Message
On April 26, 2011, Bitcoin creator Satoshi Nakamoto sent his final emails to fellow developers. New research explore the full story further.
1/2
In a recession - Bitcoin dumps
It is NOT gold - it requires Internet and a working economy - gold doesn't
And no, bitcoin has not been operating in reality for 11 years. We have been fighting to stop them changing it for 11 years and stifling it for 11 years. It hasn't been operating more than a few months in reality and even then very few people are still using it in trade
Exchange volume means shit all
The only thing that matters here is Main Street, Wall Street, who gives a shit
And if it goes to $0.20 it isn't dead. It's not about the value of the dam coin it's about utility and use.
0.20 x several billion TX a day has value
No, it is unlikely to go to even 20.00
But, 1000000 as a speculative shitcoin is not worth a bag of shit
The value of the bitcoin economy is how much trade is completed using bitcoin. Trade is nothing to do with exchanges or speculation. It is the purchase and use of bitcoin for goods and services and saving things in the ledger. That's the value of bitcoin.
It does not matter what the price is if it is not used.
Speculation and gambling is not use.
And it won't bankrupt everyone. If you are risking your money speculating in bitcoin, then you lose money when it goes down to a low value and you sell. If you don't sell, you haven't lost anything yet. So basically, this is only an issue if you're speculating or sitting there expecting the value to rise in the short term.
If you're building an economy based on bitcoin, it will matter for the moment on the Fiat use value.
If you're here thinking bitcoin is going to replace the US dollar, it won't.
I do not think bitcoin will replace the US dollar ever.
If you think bitcoin will replace the US dollar, you don't understand money or the US dollar. In time, if things work the US dollar might be written in bitcoin.
The point of bitcoin was never to replace the US dollar.
Not once in my history have I even lightly hinted that.
No, they have no idea how
Bitcoin is primarily a recordkeeping system and micro payment system. It will change the nature of the Internet.
Bitcoin was never about this crap about decentralising everything. That comment doesn't even have a valid meaning.
And no, bitcoin will not make the US dollar irrelevant
To make the US dollar irrelevant, you will have to do have trade and finance conducted primarily in bitcoin. For that, when not talking just the US government but the entire world.
Frankly 99% of the issues in getting adoption come from this bull shit idea that bitcoin is going to replace government money. It isn't.
Bitcoin can be the first micro payments system that works. That will change everything drastically. When that happens there will be other use cases that will develop. It will enable time stamping and honest records. None of that requires replacing the US dollar. The US dollar could be tokenised on top of bitcoin, and the truth is that if we want that to happen then we'd better stop saying how bitcoin will replace the US dollar or it will not happen.
And the US dollar is a peer-to-peer cash system.
No the US dollar does not need bitcoin
And if we start this crap, this will replace the US dollar crap again, then we will never get anywhere.
Stop attacking governments, banks, Fiat money and build systems including ones to transport transactions within US dollars on top of bitcoin.
As I keep saying, bitcoin is plumbing. It is a micro payment and transaction ordering system. If you start thinking that it's going to be this system to take down governments and change the economy, it won't
We have a long, long, long time before we start having governments properly utilise bitcoin and have it as an underlying system and we have zero chance of succeeding if we keep attacking them
If you want even a 1% chance for bitcoin to be successful, stop saying that will replace the dam US dollar
CSW
Mar 5, 2020
https://metanet-icu.slack.com/archives/C5131HKFX/p1584013178030400?thread_ts=1584012805.025300&cid=C5131HKFX
1/2
https://t.me/CSW_Slack/2339
In a recession - Bitcoin dumps
It is NOT gold - it requires Internet and a working economy - gold doesn't
And no, bitcoin has not been operating in reality for 11 years. We have been fighting to stop them changing it for 11 years and stifling it for 11 years. It hasn't been operating more than a few months in reality and even then very few people are still using it in trade
Exchange volume means shit all
The only thing that matters here is Main Street, Wall Street, who gives a shit
And if it goes to $0.20 it isn't dead. It's not about the value of the dam coin it's about utility and use.
0.20 x several billion TX a day has value
No, it is unlikely to go to even 20.00
But, 1000000 as a speculative shitcoin is not worth a bag of shit
The value of the bitcoin economy is how much trade is completed using bitcoin. Trade is nothing to do with exchanges or speculation. It is the purchase and use of bitcoin for goods and services and saving things in the ledger. That's the value of bitcoin.
It does not matter what the price is if it is not used.
Speculation and gambling is not use.
And it won't bankrupt everyone. If you are risking your money speculating in bitcoin, then you lose money when it goes down to a low value and you sell. If you don't sell, you haven't lost anything yet. So basically, this is only an issue if you're speculating or sitting there expecting the value to rise in the short term.
If you're building an economy based on bitcoin, it will matter for the moment on the Fiat use value.
If you're here thinking bitcoin is going to replace the US dollar, it won't.
I do not think bitcoin will replace the US dollar ever.
If you think bitcoin will replace the US dollar, you don't understand money or the US dollar. In time, if things work the US dollar might be written in bitcoin.
The point of bitcoin was never to replace the US dollar.
Not once in my history have I even lightly hinted that.
No, they have no idea how
Bitcoin is primarily a recordkeeping system and micro payment system. It will change the nature of the Internet.
Bitcoin was never about this crap about decentralising everything. That comment doesn't even have a valid meaning.
And no, bitcoin will not make the US dollar irrelevant
To make the US dollar irrelevant, you will have to do have trade and finance conducted primarily in bitcoin. For that, when not talking just the US government but the entire world.
Frankly 99% of the issues in getting adoption come from this bull shit idea that bitcoin is going to replace government money. It isn't.
Bitcoin can be the first micro payments system that works. That will change everything drastically. When that happens there will be other use cases that will develop. It will enable time stamping and honest records. None of that requires replacing the US dollar. The US dollar could be tokenised on top of bitcoin, and the truth is that if we want that to happen then we'd better stop saying how bitcoin will replace the US dollar or it will not happen.
And the US dollar is a peer-to-peer cash system.
No the US dollar does not need bitcoin
And if we start this crap, this will replace the US dollar crap again, then we will never get anywhere.
Stop attacking governments, banks, Fiat money and build systems including ones to transport transactions within US dollars on top of bitcoin.
As I keep saying, bitcoin is plumbing. It is a micro payment and transaction ordering system. If you start thinking that it's going to be this system to take down governments and change the economy, it won't
We have a long, long, long time before we start having governments properly utilise bitcoin and have it as an underlying system and we have zero chance of succeeding if we keep attacking them
If you want even a 1% chance for bitcoin to be successful, stop saying that will replace the dam US dollar
CSW
Mar 5, 2020
https://metanet-icu.slack.com/archives/C5131HKFX/p1584013178030400?thread_ts=1584012805.025300&cid=C5131HKFX
1/2
https://t.me/CSW_Slack/2339
Telegram
CSW - Slack Channel
https://t.me/CSW_Slack/2339
2/2
For every single person who says bitcoin is going to replace the US dollar I think we should halve the estimate that it will
To be the platform transmitting currency, we need it used in day-to-day transactions
I don't want to replace the dollar, I want the dollar tracked and traded on top of bitcoin with all of the rules that exist on and over money right now
I even want North Korean systems based on a Blockchain so that people can see where they fuck up and steal money including their own people
The US is close to 40% of the world's economy.
It is time we stop attacking it and start teaching them it makes the world better
Bloody BTC morons and others set us all back 15 years already
And I mean 15
It is harder now than it would have been 11 years ago
At times I wish it was a little bit simpler and easier though, mostly for my wife. I hate putting her through all of this all the time
I understand that I cannot abdicate my role. I have done this in the past, it is far easier. I shall not be doing it again. No matter what comes I will be here. No matter how hard it gets I will be here.
CSW
Mar 5, 2020
https://metanet-icu.slack.com/archives/C5131HKFX/p1584013178030400?thread_ts=1584012805.025300&cid=C5131HKFX
2/2
https://t.me/CSW_Slack/2339
For every single person who says bitcoin is going to replace the US dollar I think we should halve the estimate that it will
To be the platform transmitting currency, we need it used in day-to-day transactions
I don't want to replace the dollar, I want the dollar tracked and traded on top of bitcoin with all of the rules that exist on and over money right now
I even want North Korean systems based on a Blockchain so that people can see where they fuck up and steal money including their own people
The US is close to 40% of the world's economy.
It is time we stop attacking it and start teaching them it makes the world better
Bloody BTC morons and others set us all back 15 years already
And I mean 15
It is harder now than it would have been 11 years ago
At times I wish it was a little bit simpler and easier though, mostly for my wife. I hate putting her through all of this all the time
I understand that I cannot abdicate my role. I have done this in the past, it is far easier. I shall not be doing it again. No matter what comes I will be here. No matter how hard it gets I will be here.
CSW
Mar 5, 2020
https://metanet-icu.slack.com/archives/C5131HKFX/p1584013178030400?thread_ts=1584012805.025300&cid=C5131HKFX
2/2
https://t.me/CSW_Slack/2339
Telegram
CSW - Slack Channel
https://t.me/CSW_Slack/2339