There is no encryption in Bitcoin.
So, there is no way to stop coin being seized by Government, eg under a proceeds of crime order.
Exchanges and miners are companies
They are NOT decentralized
BTC is the SIMPLEST asset to be seized using a proceeds of crime order in human history
No blockchain operates outside law. It is a cash system and it can be hidden in SMALL amounts and that is it.
Bitcoin does not solve politics, if this is what you want, you are mislead
CSW
Dic 29, 2020
https://metanet-icu.slack.com/archives/C5131HKFX/p1609193907097000?thread_ts=1609193907.097000&cid=C5131HKFX
https://t.me/CSW_Slack/2404
So, there is no way to stop coin being seized by Government, eg under a proceeds of crime order.
Exchanges and miners are companies
They are NOT decentralized
BTC is the SIMPLEST asset to be seized using a proceeds of crime order in human history
No blockchain operates outside law. It is a cash system and it can be hidden in SMALL amounts and that is it.
Bitcoin does not solve politics, if this is what you want, you are mislead
CSW
Dic 29, 2020
https://metanet-icu.slack.com/archives/C5131HKFX/p1609193907097000?thread_ts=1609193907.097000&cid=C5131HKFX
https://t.me/CSW_Slack/2404
Telegram
CSW - Slack Channel
CSW
Dic 29, 2020
https://metanet-icu.slack.com/archives/C5131HKFX/p1609193907097000?thread_ts=1609193907.097000&cid=C5131HKFX
https://t.me/CSW_Slack/2404
Dic 29, 2020
https://metanet-icu.slack.com/archives/C5131HKFX/p1609193907097000?thread_ts=1609193907.097000&cid=C5131HKFX
https://t.me/CSW_Slack/2404
Ray Dillinger posted this comment on Bitcoin today
Dic 29, 2020
https://twitter.com/wakgill/status/1343946053205307394
Dic 29, 2020
https://twitter.com/wakgill/status/1343946053205307394
Twitter
Deryk Makgill ⛩
Wow! Ray Dillinger (one of first people to reply to Satoshi/comment on Bitcoin code) wrote an email declaring it a "failure" today. 'The scarcity of block chain space has led people to re-invent every last feature of the banks they thought they were going…
no, it isn't a failure. The problem is Ray and Hal did not want what I want
it works perfectly
it was never meant to be set up otherwise. I stated that it ends in data centres in 2008. This is the problem, everybody I've got with an inkling of wanting to work on this also has wacky ideas about what should be
it is not designed to take down governments
it is not designed to replace banking
in fact, you can't be your own bank because banks are not about giving out cash or holding it. Banks are about loans
Banks take long-term risk and balance it was short-term risk.. Cryptocurrency doesn't do this. Cash doesn't do this.
Wei - Ray wanted b-money idea 1
I wanted 2
I always stated - IT ENDS IN DATACENTRES
https://bitcointalk.org/index.php?topic=532.msg6306#msg6306
Those few nodes will be big server farms.
https://bitcointalk.org/index.php?topic=149668.msg1596879#msg1596879
And honestly
It is now too late, my version will win, and no anon coin will ever be allowed
CSW
Dic 29, 2020
https://metanet-icu.slack.com/archives/C5131HKFX/p1609258023162900?thread_ts=1609258023.162900&cid=C5131HKFX
it works perfectly
it was never meant to be set up otherwise. I stated that it ends in data centres in 2008. This is the problem, everybody I've got with an inkling of wanting to work on this also has wacky ideas about what should be
it is not designed to take down governments
it is not designed to replace banking
in fact, you can't be your own bank because banks are not about giving out cash or holding it. Banks are about loans
Banks take long-term risk and balance it was short-term risk.. Cryptocurrency doesn't do this. Cash doesn't do this.
Wei - Ray wanted b-money idea 1
I wanted 2
I always stated - IT ENDS IN DATACENTRES
https://bitcointalk.org/index.php?topic=532.msg6306#msg6306
Those few nodes will be big server farms.
https://bitcointalk.org/index.php?topic=149668.msg1596879#msg1596879
And honestly
It is now too late, my version will win, and no anon coin will ever be allowed
CSW
Dic 29, 2020
https://metanet-icu.slack.com/archives/C5131HKFX/p1609258023162900?thread_ts=1609258023.162900&cid=C5131HKFX
Vitelik is not educated in any manner either as a computer scientist or generally in life. So, why people think that he has a concept of how this all works is beyond me. The fact of the matter is that more systems are good. More access points are good. But this is not a function of one node one IP address as he seems to think. The reality is there will only ever be less than 100 nodes on bitcoin. While that may not seem much to some people, and the reality is that the majority of hash power will be held by less than five nodes at any time, the major nodes in the future as it scales will be bigger and more widely distributed.
Bitcoin scales horizontally. So, one of those five nodes will have tens of access points. In his cursory analysis of how the Internet works but doesn’t even really address much of that he has neglected to understand how commercial systems scale when they are able to scale horizontally. The ability to determine a node based on addressing doesn’t give him his concept of an attack as he seems to think. It is not the same as an IP address or a DNS address, nodes can watch the network across multiple access points and can have system set up that attackers don’t know about.
Basically, this is the sort of comment that someone who has never had any real training and information security would say. It is the sort of comment that movie hackers who haven’t formally done any risk training state all the time. It is the typical comment of the uneducated.
CSW
May 24, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1621836360004000?thread_ts=1621818511.492300&cid=C5131HKFX
https://t.me/CSW_Slack/2409
Bitcoin scales horizontally. So, one of those five nodes will have tens of access points. In his cursory analysis of how the Internet works but doesn’t even really address much of that he has neglected to understand how commercial systems scale when they are able to scale horizontally. The ability to determine a node based on addressing doesn’t give him his concept of an attack as he seems to think. It is not the same as an IP address or a DNS address, nodes can watch the network across multiple access points and can have system set up that attackers don’t know about.
Basically, this is the sort of comment that someone who has never had any real training and information security would say. It is the sort of comment that movie hackers who haven’t formally done any risk training state all the time. It is the typical comment of the uneducated.
CSW
May 24, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1621836360004000?thread_ts=1621818511.492300&cid=C5131HKFX
https://t.me/CSW_Slack/2409
Telegram
CSW - Slack Channel
CSW
May 24, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1621836360004000?thread_ts=1621818511.492300&cid=C5131HKFX
https://t.me/CSW_Slack/2409
May 24, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1621836360004000?thread_ts=1621818511.492300&cid=C5131HKFX
https://t.me/CSW_Slack/2409
yes, this was in one of the other threads and yes it ignores everything I set about bitcoin
Basically, there were two versions of b-money and the concept of CryptoCredits
CryptoCredits was the internal currency of the proposed blacknet system.
people like Tim and Wei wanted the first version
http://www.weidai.com/bmoney.txt
if you read this, you will see that there is a first and the second protocol
these are not compatible
The first protocol was designed for untraceable money. The second was discarded and never followed up because it allows for traceability, this is what was added into bitcoin to make it bitcoin.
Bitcoin was never designed to be the first protocol
I never intended it to be the first
others including Bear want to system for crypto anarchy, I do not.
and, the thing they don't seem to get is there is a dialectic between bitcoin and they are complete opposites. You cannot modify bitcoin, it only works in the format of the second protocol and this is all that I worked on to make work
the bit that was always missing was the economics of the system
the reality was they were not interested
I don't need to punish people as Wei and others believed, I simply have them as commercial entities.
they want crypto anarchy
I just created a system that uses competing companies
if you read the second protocol you'll see that it's bitcoin minus the economic incentives
https://ia600208.us.archive.org/10/items/cyphernomicon/cyphernomicon.txt
Both Hal and Bear.
And, As usual I missed this
Both of them wanted b-money protocol 1.
Both wanted, not-Bitcoin.
But, I thought Hal knew what he was doing and telling me and I listened, and was foolish enough not to trust myself.
I believed people when they told me Bitcoin was flawed
The truth, it was fine. The flaw was my willingness to listen and not to dogmatically hold onto my original concept tighter.
CSW
Dic 29, 2020
https://metanet-icu.slack.com/archives/C5131HKFX/p1609266408180200
https://t.me/CSW_Slack/2412
Basically, there were two versions of b-money and the concept of CryptoCredits
CryptoCredits was the internal currency of the proposed blacknet system.
people like Tim and Wei wanted the first version
http://www.weidai.com/bmoney.txt
if you read this, you will see that there is a first and the second protocol
these are not compatible
The first protocol was designed for untraceable money. The second was discarded and never followed up because it allows for traceability, this is what was added into bitcoin to make it bitcoin.
Bitcoin was never designed to be the first protocol
I never intended it to be the first
others including Bear want to system for crypto anarchy, I do not.
and, the thing they don't seem to get is there is a dialectic between bitcoin and they are complete opposites. You cannot modify bitcoin, it only works in the format of the second protocol and this is all that I worked on to make work
the bit that was always missing was the economics of the system
the reality was they were not interested
I don't need to punish people as Wei and others believed, I simply have them as commercial entities.
they want crypto anarchy
I just created a system that uses competing companies
if you read the second protocol you'll see that it's bitcoin minus the economic incentives
https://ia600208.us.archive.org/10/items/cyphernomicon/cyphernomicon.txt
Both Hal and Bear.
And, As usual I missed this
Both of them wanted b-money protocol 1.
Both wanted, not-Bitcoin.
But, I thought Hal knew what he was doing and telling me and I listened, and was foolish enough not to trust myself.
I believed people when they told me Bitcoin was flawed
The truth, it was fine. The flaw was my willingness to listen and not to dogmatically hold onto my original concept tighter.
CSW
Dic 29, 2020
https://metanet-icu.slack.com/archives/C5131HKFX/p1609266408180200
https://t.me/CSW_Slack/2412
Telegram
CSW - Slack Channel
CSW
Dic 29, 2020
https://metanet-icu.slack.com/archives/C5131HKFX/p1609266408180200
https://t.me/CSW_Slack/2412
Dic 29, 2020
https://metanet-icu.slack.com/archives/C5131HKFX/p1609266408180200
https://t.me/CSW_Slack/2412
Recent Accomplishments:
We introduce the first electronic cash system that incorporates trustee-based tracing, while provably protecting user anonymity. This effort expands on provably anonymous electronic cash systems. Our system maintains completely provable user anonymity with the exception that, only with the cooperation of several publicly appointed trustees (e.g. key-escrow agents), the government can trace a user's spending with certainty, determining to whom the user gave his/her money and how much s/he gave. The trustees can answer the question of whether a particular payment was made by a particular user, without revealing any additional information. This allows for authorized forward and backward tracing that does not impinge on the privacy of anyone other than the parties of the one transaction in question. Some of our trustee-based tracing require no tamper-resistant hardware, and all can be implemented as either on-line or off-line systems.
Impact:
Electronic cash is a subject of great economic, political, and research importance. With advances in computer networks, in processor speed, and in databases, and with advances in note counterfeiting technology and with both individuals' and businesses' desire for remote and more convenient financial transactions, some forms of electronic cash are likely to become widespread within 5 to 10 years. Although unconditionally anonymous electronic cash systems have been proposed in the literature, governmental and financial institutions are unwilling to back a completely anonymous system. Their reasons for opposing complete untraceability have to do with the containment of user fraud and the desire to restrict the new kinds of crime that unrestricted, remotely withdrawable, and spendable electronic cash could facilitate. Because of the necessary concern over crime control, they have previously proposed systems with little or no protection for the users' privacy. Our system provides the capability required by government for crime control while maintaining privacy for all other users.
Last Updated: January 18, 1995
WWW Administration (www-admin@www.cs.sandia.gov) Peter S. Gemmell (psgemme@cs.sandia.gov)
https://web.archive.org/web/20030813212058/http://www.cs.sandia.gov/HPCCIT/el_cash.html
https://t.me/CSW_Slack/2419
We introduce the first electronic cash system that incorporates trustee-based tracing, while provably protecting user anonymity. This effort expands on provably anonymous electronic cash systems. Our system maintains completely provable user anonymity with the exception that, only with the cooperation of several publicly appointed trustees (e.g. key-escrow agents), the government can trace a user's spending with certainty, determining to whom the user gave his/her money and how much s/he gave. The trustees can answer the question of whether a particular payment was made by a particular user, without revealing any additional information. This allows for authorized forward and backward tracing that does not impinge on the privacy of anyone other than the parties of the one transaction in question. Some of our trustee-based tracing require no tamper-resistant hardware, and all can be implemented as either on-line or off-line systems.
Impact:
Electronic cash is a subject of great economic, political, and research importance. With advances in computer networks, in processor speed, and in databases, and with advances in note counterfeiting technology and with both individuals' and businesses' desire for remote and more convenient financial transactions, some forms of electronic cash are likely to become widespread within 5 to 10 years. Although unconditionally anonymous electronic cash systems have been proposed in the literature, governmental and financial institutions are unwilling to back a completely anonymous system. Their reasons for opposing complete untraceability have to do with the containment of user fraud and the desire to restrict the new kinds of crime that unrestricted, remotely withdrawable, and spendable electronic cash could facilitate. Because of the necessary concern over crime control, they have previously proposed systems with little or no protection for the users' privacy. Our system provides the capability required by government for crime control while maintaining privacy for all other users.
Last Updated: January 18, 1995
WWW Administration (www-admin@www.cs.sandia.gov) Peter S. Gemmell (psgemme@cs.sandia.gov)
https://web.archive.org/web/20030813212058/http://www.cs.sandia.gov/HPCCIT/el_cash.html
https://t.me/CSW_Slack/2419
Telegram
CSW - Slack Channel
CSW
Dic 29, 2020
https://metanet-icu.slack.com/archives/C5131HKFX/p1609268772189000
https://web.archive.org/web/20030813212058/http://www.cs.sandia.gov/HPCCIT/el_cash.html
https://t.me/CSW_Slack/2419
Dic 29, 2020
https://metanet-icu.slack.com/archives/C5131HKFX/p1609268772189000
https://web.archive.org/web/20030813212058/http://www.cs.sandia.gov/HPCCIT/el_cash.html
https://t.me/CSW_Slack/2419
Quite interesting that I'm called a fraud for wanting a system that stops corruption.
It is not that I want to create a system that allows Ponzi schemes. It is not that I have a system that allows unfounded promises that break the law. It is not that I'm promoting making money by simply buying a coin or some other security. It's that I'm working and doing things. This must be incredibly frightening to a lot of people out there. Imagine an auditable system that allows every drug transaction and sale that is illegal to be tracked while simultaneously allowing every opiate that is legally issued to be monitored.
Imagine a system that in the future kills off every illegal use of cash. People will find other ways to transact but these will be more expensive. This will make crime more expensive. Imagine a way to prove ownership on every security, be it bond or stock. This will mitigate any illegal ownership or anyone who bypasses legal controls. To some people, this world must be incredibly frightening. Corruption is one of the biggest industries with the world economic Forum estimating that 5% of the global gross domestic product or US$2.6 trillion is attributable directly to corruption.
Of this, US$1 trillion is spent on bribes every year.
in a system that requires reporting of all money transfers and does not allow for anonymous Shell companies, bribes don't exist
you can't win with computers, AutoCorrect kills you
CSW
Dic 30, 2020
https://metanet-icu.slack.com/archives/C5131HKFX/p1609354916251200?thread_ts=1609354916.251200&cid=C5131HKFX
https://t.me/CSW_Slack/2424
It is not that I want to create a system that allows Ponzi schemes. It is not that I have a system that allows unfounded promises that break the law. It is not that I'm promoting making money by simply buying a coin or some other security. It's that I'm working and doing things. This must be incredibly frightening to a lot of people out there. Imagine an auditable system that allows every drug transaction and sale that is illegal to be tracked while simultaneously allowing every opiate that is legally issued to be monitored.
Imagine a system that in the future kills off every illegal use of cash. People will find other ways to transact but these will be more expensive. This will make crime more expensive. Imagine a way to prove ownership on every security, be it bond or stock. This will mitigate any illegal ownership or anyone who bypasses legal controls. To some people, this world must be incredibly frightening. Corruption is one of the biggest industries with the world economic Forum estimating that 5% of the global gross domestic product or US$2.6 trillion is attributable directly to corruption.
Of this, US$1 trillion is spent on bribes every year.
in a system that requires reporting of all money transfers and does not allow for anonymous Shell companies, bribes don't exist
you can't win with computers, AutoCorrect kills you
CSW
Dic 30, 2020
https://metanet-icu.slack.com/archives/C5131HKFX/p1609354916251200?thread_ts=1609354916.251200&cid=C5131HKFX
https://t.me/CSW_Slack/2424
Telegram
CSW - Slack Channel
CSW
Dic 30, 2020
https://metanet-icu.slack.com/archives/C5131HKFX/p1609354916251200?thread_ts=1609354916.251200&cid=C5131HKFX
https://t.me/CSW_Slack/2424
Dic 30, 2020
https://metanet-icu.slack.com/archives/C5131HKFX/p1609354916251200?thread_ts=1609354916.251200&cid=C5131HKFX
https://t.me/CSW_Slack/2424
"£1.4 trillion (US$1.75 trillion) changes hands globally in bribes every year – the equivalent of Canada’s entire GDP."
https://www.transparency.org.uk/corruption-statistics
https://t.me/CSW_Slack/2424
https://www.transparency.org.uk/corruption-statistics
https://t.me/CSW_Slack/2424
Telegram
CSW - Slack Channel
CSW
Dic 30, 2020
https://metanet-icu.slack.com/archives/C5131HKFX/p1609354916251200?thread_ts=1609354916.251200&cid=C5131HKFX
https://t.me/CSW_Slack/2424
Dic 30, 2020
https://metanet-icu.slack.com/archives/C5131HKFX/p1609354916251200?thread_ts=1609354916.251200&cid=C5131HKFX
https://t.me/CSW_Slack/2424
CSW
Jan 1, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1609495219386300?thread_ts=1609495219.386300&cid=C5131HKFX
https://t.me/CSW_Slack/2427
Real cash is traceable
https://www.google.co.uk/amp/s/metro.co.uk/2020/12/21/netflixs-the-ripper-how-a-five-pound-note-nearly-caught-peter-sutcliffe-out-13784583/amp/
Jan 1, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1609495219386300?thread_ts=1609495219.386300&cid=C5131HKFX
https://t.me/CSW_Slack/2427
Real cash is traceable
https://www.google.co.uk/amp/s/metro.co.uk/2020/12/21/netflixs-the-ripper-how-a-five-pound-note-nearly-caught-peter-sutcliffe-out-13784583/amp/