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This is only a small introduction and I've missed out on many peer-to-peer currency systems. All of these existed in the 90s. Every one of them was dead by 2004. Everything being created in league distributed networks or permissioned networks mirrors the work done in these networks.

Basically, everything we're seeing as an alternative to bitcoin has been done. It's been tried, and its failed. My list of Cryptocurrencies from the 90s exceeds 200 so far. Every single time, they worked on closed permissioned systems and isolated tokens. There are proof work systems. There are token systems. Everything was seeing in bitcoin and its copies except the economic system I created.

The one thing that makes bitcoin different is that it is a public blockchain.

All these central-bank systems are regurgitating failed systems from the 1990s and they're not even considering why they failed. I don't think they even know they existed. Large banks tried these. Literally, the market capitalisation for all these Cryptocurrencies in the 90s exceeded $1 trillion in 2001 before the crash. That is larger than we are currently at and were ignoring inflation on this calculation. And it wasn't the same pump either. There was much more investment back then and many more systems.

All of these have been tried. All of them failed. The single system that has succeeded and delivered has been mine.

1 trillion USD.
that was the 2001 market cap

Why would 100s of failures do anything to change their opposition

Besides
Bitcoin is not a crypto currency

That is a myth

Central Banks are not answerable to the public.

CBs don't deal in cash

Bitcoin can be a foundation to create a better ledger, but that is all for a CB

Cash is a function outside of the Central Bank

CBs DON'T issue cash.

That is the mint

CBs issue bonds

In amounts that exceed millions as a base

CBs are responding to pressure based on a lie, that Bitcoin can become a global base money for every thing

They issue a debt

A CB will not be doing this, a digital mint could.

As I have noted the value of bitcoin is as a commodity.

Commodities gain value when they are used and have a purpose. Although wheat will go up in price due to speculation, this also drives others to release excess stock. But that said, the purpose of which is not to hoard but to be used as wheat

the purpose of bitcoin is to be used as a token ledger system

the more it is used, the more underlying value it obtains

I'm trying to tell you that digital cash is indeed possible but it will not be managed by the central bank unless the central bank starts a completely new role

Cash does not impact a CB operation at all

Banks are not cash

CBs operated on Gold - gold cannot be copied

This is been something I have been trying to get people to understand.

Gold has been used as the ledger for a long time but that is not as cash but rather a unit of measurement.

the bank has to eventually buy gold to repay debt

But something important to note here is that bitcoin needs to be used.

it doesn't work is just the HODL asset long-term

So, if you think that it's just volts of gold then you have a problem with how bitcoin will be enabled and valuable

Bitcoin cannot just act as a reserve asset between government banks - those believing this failed to understand how bitcoin and how banks both work.

The error has always been people thinking that gold has been primary money. It hasn't

The majority of the money has never been golden history - here in England, the majority of money was issued as small lead tokens for a long time.

CSW
Nov 26, 2019
https://metanet-icu.slack.com/archives/C5131HKFX/p1574763022166200?thread_ts=1574763022.166200&cid=C5131HKFX
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https://t.me/CSW_Slack/2492
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gold was only ever a settlement coin between large debt holders. The majority of people never saw gold in their life in the past

even when gold was the base, silver was generally that which was used for large denominations for normal people

if bitcoin becomes gold...

Bitcoin dies

bitcoin requires high-volume exchanges and gold doesn't do high-volume exchanges, it never has

bitcoin has never been designed to be digital gold

the fees increase more than gold

and, with the halving built-in, if bitcoin does not scale and I mean massively scale, bitcoin dies

to work, bitcoin needs to be digital copper

it replaces pennies

You need to check your premises and look at any argument that is being given to you to ensure that you are logically and rationally sound and what you say.

When it comes to the topic of individuals sitting there saying how Cryptocurrency is there to help the people, the first part of the premises that the people were never helped by gold but rather were helped by small tokenised value

the average person throughout history never traded in gold at any point in their life

most people traded at most even in large amounts in silver

digital gold helps criminals and those with a lot of money if anyone

the companies I set up such as Denariuz were formed with that name because that is the name for silver coins not gold

the denarius represented 10 "as" or assarius

depending on when these were issued in history, these were represented by 272, 327, or 341 grams, bronze copper or mixed coins

these replaced ingots of copper

a small lead token was rather valueless

the tokenised value that it represented was what mattered

buying a beer at a pub 600 years ago involved tokenised forms of money including small pieces of pressed lead that most individuals that you see in the movies, the elite would never touch

similarly, the Royal family in England never touches money

the majority of people in England do

The same applied in China

Chinese money was considered as the lowest the nomination being a string of cash

In this, a large number of coins were strong together

Each of those points still had value but they were not considered valuable by the government unless they were strong together in hundreds

eCash and all the others sought anonymity

the government stepped in, the next day they were gone

by the next day, I mean literally not figuratively literally the next day they were gone

bitcoin is no different

This is a distributed system it has nothing to do with political decentralisation all the people all running things in a socialist collective or some BS

This is economically distributed

If one miner goes bankrupt the system doesn't fail

This should be really simple.

Every other system failed because a single company went bankrupt.

In bitcoin, if a miner or some other entity goes bankrupt the entire system does not fail.

That is the only point the sole point the only reason for decentralisation

and section 5 refers to commercial systems

nodes are not average people

SPV is used to send the block header but only nodes need require sending to all other nodes and nodes are big commercial entities

It is very simple, the centrally controlled nature had nothing to do with any of the political BS right now.

it is not about collectivist everyone runs a node BS

It is not about how many nodes people have out there

Three would be fine

Just three nodes existing in the world is fine

Just three companies running all of bitcoin is fine

The entire point is that if one company goes bankrupt, there is someone to replace them.

The point being made of centrally controlled nature is that where a single company fails the entire system fails.

That's it

CSW
Nov 26, 2019
https://metanet-icu.slack.com/archives/C5131HKFX/p1574763022166200?thread_ts=1574763022.166200&cid=C5131HKFX
2/2
https://t.me/CSW_Slack/2492
Financial inclusion
Does not involve huge fees

CSW
Jun 2, 2021
https://t.me/CSW_Slack/2503
There are limitations on what central banks hold and the reality is they are not about backing things with assets in the traditional sense

Central banks are not about gold holdings or other such things although they can manage these for the government

The way to look at this is to think that each dollar or pound or whatever else is a transferable asset that has no dividends - as with most tech stocks - and no voting rights but still links to a percentage from the value of the overall underlying asset.

The underlying asset is based on the government and the taxation of assets in the country which links to GDP

When more cash is printed it is analogous to when a company issues more shares.

when cash is taken up it is when you see an analogy to a company doing a buyback

the assets owned by a central bank and not related to gold or shares or anything about that are linked directly to the value of business in that country

The value of Fiat money is directly tied between the need to pay tax to the government in the country compared with the value in international trade and foreign finance

Where the government issues to many bonds the common equivalent given is that they are printing money.

The entire process is one of exchanges of financial instruments and debt

Countries hold foreign currency in their central banks to repay obligations

they don't invest in RMB in the US Federal reserve system to invest - they hold foreign currency including RMB so that they can pay obligations as due

So, unless there are reasons to pay debts in BTC or some other system, there is no reason for a central bank to hold it

CSW
Mar 14, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1615726940499900?thread_ts=1615724524.492500&cid=C5131HKFX

https://t.me/CSW_Slack/2508
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Question:
Share ownership: If activist shareholders buy 51% of a company and vote to change the rules of the company, they can, right?

If they buy 51% of the vote
Reality - 30%
Most do not vote

bitcoin isn't a company and there are no shares so that's not a valid question

bitcoin is offered as a unilateral contract

there is no voting involved

you don't get to change the rules, they were defined do not change so no it doesn't matter if you own 99.99999% of bitcoin available you get to change anything

Satoshi, a.k.a. me cannot change the system from its base

BTC is not bitcoin in any way

BTC is a system that is passing themselves off as bitcoin

irrelevant, there is no voting rights associated with bitcoin it's a commodity

ownership does not give you any rights other than the right to sell it to someone else or transmit

if you own a bar of gold you don't own a percentage of all gold in existence that will ever be available and have rights to them

no you own the amount you have and you do not have the rights to anything else other than the amount you have

you do not vote on gold

you do not vote on bitcoin

the point in the White Paper wasn't that people vote, it was that will lead to a system of sybils

people don't vote with an IP address, that was the point not that they should be voting that they don't vote

except that the Constitution isn't up to the people to change

if they don't like bitcoin they can set up a new system with a different constitution

just as the American government of the colonies set up a new government when it left England

but, just like that they don't get to call themselves England

there isn't a majority stake

it is irrelevant how much steak you have there is no argument to make it is not sold as a share it is not listed as a chef and is not

distributed as a security

to make that argument means it is a security

for bitcoin to be a security, it is illegal and breaching the law

if they make that argument, they have to immediately stop distributing bitcoin and stop mining

so, that is not a valid argument

it is a commodity and the way that commodities work is that you don't get to sit there and say that you want to vote for change

If there is a standard contract for the delivery of grain at a certain quality, your decision to change the quality because you own 60% of all the grain at that quality is invalid

if you own 100% of every bitcoin that exists you still would not have the right to change the contract.

You say they will make the argument, but there is no argument

to break this into a logical predicate form:

Group X owns the majority of a commodity

Group X believes that commodity contracts should be changed

Group Y defined the contract for the commodity

Therefore, as group Y is the contract creator or issuer group Y does not give a shit about what group X thinks

There is no community in bitcoin.

It is not about the community.
It is not about a community.

It is not about voting.

It is a commodity token

you cannot make a community thing using bitcoin or Blockchain

you cannot desire to make any of this because bitcoin is capitalist

not mildly capitalist

utterly through and through heartfelt pure unrefined capitalism

the only thing you get when you try and take the law out of bitcoin is a bunch of fraudulent capitalists who seek to make money using crime and defrauding investors to make a quick buck

bitcoin is everything that every single socialist will ever hate squared

it always was

there is no split, there is a group of individuals who never wanted bitcoin who fought me from before I launched bitcoin and seek to make something else

this is never about bitcoin, it is about the ideas that started coming out in 2008 when James Donald started telling me how wrong my project was because government would take it over

none of this has ever been new

CSW
Mar 17, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1615987197014900?thread_ts=1615987197.014900&cid=C5131HKFX
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https://t.me/CSW_Slack/2510
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the guys at course started taking over before I even left and had plans to do this before I even guessed that they were planning to do this

the Github repository started being developed in 2010 eight months before I left

all this goes back to a group of individuals who hijacked my system because they had failed with either gold and they failed with eCash and they failed with liberty and they failed.

So they came from the failure of liberty and the gold and piled onto bitcoin thinking that they could make this into their drug coin

but bitcoin is designed not to work that way

it is not encrypted and it cannot work if it's encrypted

which means everything that these guys have been doing for the last twelve years has been a complete waste of time

whereas, I have continued building everything that needs to be in a legally working system

and hence, they have lost their opportunity

Bloody Dragon

There is no takeover ability - it is a commodity

No, SegWit is a new system that links an airdrop to deceive investors

It is a classic financial fraud

Blocksize is something miners can fight on.

BUT - they MUST accept losing - if they mine large blocks - the losers do not have a new chain.

The rules are simple - the losing chain loses.

That is, everything is lost

No extended votes - 100 blocks

CSW
Mar 17, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1615987197014900?thread_ts=1615987197.014900&cid=C5131HKFX
2/2
https://t.me/CSW_Slack/2510