3/3
In effect yes, and someone signing and saying that they possess your key then acts as a form of evidence in itself. If a second party comes forth to say that they really own a particular bitcoin address, you then have the standard processes within court. This is resolved not by signing a key or a message but by showing how you obtained that bitcoin. Was it purchased, do you have a record or do you have a nebulous idea of it's my key trust me.
There is a popular myth that possession is nine tenths of the law, and the reality is this is that crap myth and wives tale and the reality is exactly the opposite. Possession is not ownership and has never been under law.
CSW
Sep 24, 2019
https://metanet-icu.slack.com/archives/C5131HKFX/p1569311834097900
3/3
https://t.me/CSW_Slack/2585
In effect yes, and someone signing and saying that they possess your key then acts as a form of evidence in itself. If a second party comes forth to say that they really own a particular bitcoin address, you then have the standard processes within court. This is resolved not by signing a key or a message but by showing how you obtained that bitcoin. Was it purchased, do you have a record or do you have a nebulous idea of it's my key trust me.
There is a popular myth that possession is nine tenths of the law, and the reality is this is that crap myth and wives tale and the reality is exactly the opposite. Possession is not ownership and has never been under law.
CSW
Sep 24, 2019
https://metanet-icu.slack.com/archives/C5131HKFX/p1569311834097900
3/3
https://t.me/CSW_Slack/2585
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For the rest, read the conclusion in the White paper with a dictionary in hand.
Tell me, what does it mean
Miners fo not set law. They follow
Enforcement Never includes creating law.
A court, a parliament... these set law. Miners do what they are legally allowed
You don't need a key to prove ownership. There is a whole area of law called tracing.
If you read the Whitepaper it talks about control. The conclusion states that digital signatures provide strong control of ownership. Shares provide strong control. If you lose share certificates or computer records are altered there are methods that allow for the recovery of the shares.
No. The split will be covered
They cannot split as any fork asset is covered in law.
It is known as a dematerialism event
Devs can leave.
Miners can leave
But, acting to oppose the court order will be a contempt.
There is an area of law, sequestration
Remember the White paper
Miners can come and go
Disagree?
Stop mining
Sell up
CSW
sep 25, 2019
https://metanet-icu.slack.com/archives/C5131HKFX/p1569388311345000
https://t.me/CSW_Slack/2589
Tell me, what does it mean
Miners fo not set law. They follow
Enforcement Never includes creating law.
A court, a parliament... these set law. Miners do what they are legally allowed
You don't need a key to prove ownership. There is a whole area of law called tracing.
If you read the Whitepaper it talks about control. The conclusion states that digital signatures provide strong control of ownership. Shares provide strong control. If you lose share certificates or computer records are altered there are methods that allow for the recovery of the shares.
No. The split will be covered
They cannot split as any fork asset is covered in law.
It is known as a dematerialism event
Devs can leave.
Miners can leave
But, acting to oppose the court order will be a contempt.
There is an area of law, sequestration
Remember the White paper
Miners can come and go
Disagree?
Stop mining
Sell up
CSW
sep 25, 2019
https://metanet-icu.slack.com/archives/C5131HKFX/p1569388311345000
https://t.me/CSW_Slack/2589
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Zero-Satoshi
There are two valid ways for zero Satoshi in bitcoin:
1. Alice pays Bob Alice has an input transaction of X tokens and all the X tokens are set as anyone can spend allowing the miner to take them as payment living and output to Bob of no tokens,
2. Alice pays Bob in tokens but also sends extraneous information as part of the transaction and it is associated with a token exchange even though there is no token on the secondary component.
There is no such thing as a non-token token exchange. Any miner taking Fiat money to do that would open themselves up to huge lawsuits from very small miners who could create a lawsuit against the miner or collusion and price-fixing. I keep stating that bitcoin is an economic system. The economics are baked in. The thing is, if a 1% miner who hated bitcoin wanted just to cause problems, they could take a lawsuit against anyone who forced them to keep on transaction transactions. They can do this just to destroy the system and the miners who are in the industry, so it doesn’t make much sense to do such a thing and on top of that there is no economic valid reason nor technical justification.
If you spend two seconds thinking about it, you’ll realise that there are absolutely no benefits to having zero transaction transactions.
All the benefits can be done where Alice sends Alice her own token and makes a marker to Bob - that is okay.
Every exchange in bitcoin needs to result in the exchange of one or more tokens.
A UTXO is a coin. Coins by definition are made up of minted tokens.
If there is no Satoshi value included, then it is not a coin or a UTXO.
It is data that is sent by one node that has nothing to do with the network. There is nothing forcing a node to broadcast this, or send it are included and nor is there anything in the system that makes it even remotely secure. Security wise, this is like putting up notices on a brick wall randomly in a city and stating in a years’ time that five years ago these are definitive proof that you own the Brooklyn Bridge. They are completely utterly no more than a marker made by a single miner. They have no real value and no real use.
They have no ability to act as a security marker. They are less secure than a webpage because most webpages end on the way back machine.
To be secure, you need to have a chain of transactions. Putting a hash marker on a block does not make it instantly secure and representative of anything.
CSW
Jun 14,. 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1623655969264100?thread_ts=1623655969.264100&cid=C5131HKFX
https://t.me/CSW_Slack/2591
There are two valid ways for zero Satoshi in bitcoin:
1. Alice pays Bob Alice has an input transaction of X tokens and all the X tokens are set as anyone can spend allowing the miner to take them as payment living and output to Bob of no tokens,
2. Alice pays Bob in tokens but also sends extraneous information as part of the transaction and it is associated with a token exchange even though there is no token on the secondary component.
There is no such thing as a non-token token exchange. Any miner taking Fiat money to do that would open themselves up to huge lawsuits from very small miners who could create a lawsuit against the miner or collusion and price-fixing. I keep stating that bitcoin is an economic system. The economics are baked in. The thing is, if a 1% miner who hated bitcoin wanted just to cause problems, they could take a lawsuit against anyone who forced them to keep on transaction transactions. They can do this just to destroy the system and the miners who are in the industry, so it doesn’t make much sense to do such a thing and on top of that there is no economic valid reason nor technical justification.
If you spend two seconds thinking about it, you’ll realise that there are absolutely no benefits to having zero transaction transactions.
All the benefits can be done where Alice sends Alice her own token and makes a marker to Bob - that is okay.
Every exchange in bitcoin needs to result in the exchange of one or more tokens.
A UTXO is a coin. Coins by definition are made up of minted tokens.
If there is no Satoshi value included, then it is not a coin or a UTXO.
It is data that is sent by one node that has nothing to do with the network. There is nothing forcing a node to broadcast this, or send it are included and nor is there anything in the system that makes it even remotely secure. Security wise, this is like putting up notices on a brick wall randomly in a city and stating in a years’ time that five years ago these are definitive proof that you own the Brooklyn Bridge. They are completely utterly no more than a marker made by a single miner. They have no real value and no real use.
They have no ability to act as a security marker. They are less secure than a webpage because most webpages end on the way back machine.
To be secure, you need to have a chain of transactions. Putting a hash marker on a block does not make it instantly secure and representative of anything.
CSW
Jun 14,. 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1623655969264100?thread_ts=1623655969.264100&cid=C5131HKFX
https://t.me/CSW_Slack/2591
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CSW
Jun 14,. 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1623655969264100?thread_ts=1623655969.264100&cid=C5131HKFX
https://t.me/CSW_Slack/2591
Jun 14,. 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1623655969264100?thread_ts=1623655969.264100&cid=C5131HKFX
https://t.me/CSW_Slack/2591
No Sat, no reason for keeping the entry
CSW
Jun 14, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1623657639271900?thread_ts=1623657639.271900&cid=C5131HKFX
https://t.me/CSW_Slack/2593
CSW
Jun 14, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1623657639271900?thread_ts=1623657639.271900&cid=C5131HKFX
https://t.me/CSW_Slack/2593
A UTXO is a coin.
token-based computiing is forty years old
it works
bitcoin is an incentive system
it is an economic system
accounting systems that are based on mere account ledgers are not
proof of work does not make something a security or not
Ethereum is an account based system
Ethereum is insecure and will never scale and will have problems because of the nature of the system
it decided to abandon the economic constructs that make bitcoin function
CSW
Jun 14, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1623679139297400?thread_ts=1623679139.297400&cid=C5131HKFX
https://t.me/CSW_Slack/2598
token-based computiing is forty years old
it works
bitcoin is an incentive system
it is an economic system
accounting systems that are based on mere account ledgers are not
proof of work does not make something a security or not
Ethereum is an account based system
Ethereum is insecure and will never scale and will have problems because of the nature of the system
it decided to abandon the economic constructs that make bitcoin function
CSW
Jun 14, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1623679139297400?thread_ts=1623679139.297400&cid=C5131HKFX
https://t.me/CSW_Slack/2598
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CSW
Jun 14, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1623679139297400?thread_ts=1623679139.297400&cid=C5131HKFX
https://t.me/CSW_Slack/2598
Jun 14, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1623679139297400?thread_ts=1623679139.297400&cid=C5131HKFX
https://t.me/CSW_Slack/2598
I recommend that people stop using the word infinity. Infinity doesn't exist. In mathematics when we talk about a process that tends towards infinity what we really meaning is that it's unbounded.
Approaches
It never is
The correct mathematical description is to say that 1/x Approaches infinity at the limit as x goes to 0
In effect, the function is undefined at x=0
Time extends
Matter never forms a point
The closer to bring a point, the longer it takes to change, the process diverges. It never approaches infinite
Black holes evaporate faster than they collapse
CSW
Jun 15, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1623737482363600?thread_ts=1623737482.363600&cid=C5131HKFX
https://t.me/CSW_Slack/2600
Approaches
It never is
The correct mathematical description is to say that 1/x Approaches infinity at the limit as x goes to 0
In effect, the function is undefined at x=0
Time extends
Matter never forms a point
The closer to bring a point, the longer it takes to change, the process diverges. It never approaches infinite
Black holes evaporate faster than they collapse
CSW
Jun 15, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1623737482363600?thread_ts=1623737482.363600&cid=C5131HKFX
https://t.me/CSW_Slack/2600
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CSW
Jun 15, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1623737482363600?thread_ts=1623737482.363600&cid=C5131HKFX
https://t.me/CSW_Slack/2600
Jun 15, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1623737482363600?thread_ts=1623737482.363600&cid=C5131HKFX
https://t.me/CSW_Slack/2600
Bitcoin tokens are not keys.
Keys are not the property. If a key was the property in bitcoin, than after sending the tokens to the recipient you would retain value.
The tokens are exchanged, not the keys. Keys are supposed to link identity. If you do not have identity, you don't have a digital signature.
A negotiable instrument is the document
It is the property
To transfer it, you sign it over
In time, you end with a chain of signatures on the original document
No.
Tokens do not have signatures
Tokens have nothing at all to ever do with signatures.
The signature is on the (virtual) envelope.
The envelope holds tokens.
The tokens and envelopes are not the same.
The envelopes are registered. This is on a ledger (the blockchain) that all people can read.
The ledger records how many tokens are in each envelope at the time of registration.
You can move and exchange tokens without registration, but this can be risky as it allows the other person to commit fraud easily.
CSW
Mar 15, 2020
https://metanet-icu.slack.com/archives/C5131HKFX/p1584263168429300?thread_ts=1584263168.429300&cid=C5131HKFX
https://t.me/CSW_Slack/2602
Keys are not the property. If a key was the property in bitcoin, than after sending the tokens to the recipient you would retain value.
The tokens are exchanged, not the keys. Keys are supposed to link identity. If you do not have identity, you don't have a digital signature.
A negotiable instrument is the document
It is the property
To transfer it, you sign it over
In time, you end with a chain of signatures on the original document
No.
Tokens do not have signatures
Tokens have nothing at all to ever do with signatures.
The signature is on the (virtual) envelope.
The envelope holds tokens.
The tokens and envelopes are not the same.
The envelopes are registered. This is on a ledger (the blockchain) that all people can read.
The ledger records how many tokens are in each envelope at the time of registration.
You can move and exchange tokens without registration, but this can be risky as it allows the other person to commit fraud easily.
CSW
Mar 15, 2020
https://metanet-icu.slack.com/archives/C5131HKFX/p1584263168429300?thread_ts=1584263168.429300&cid=C5131HKFX
https://t.me/CSW_Slack/2602
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CSW
Mar 15, 2020
https://metanet-icu.slack.com/archives/C5131HKFX/p1584263168429300?thread_ts=1584263168.429300&cid=C5131HKFX
https://t.me/CSW_Slack/2602
Mar 15, 2020
https://metanet-icu.slack.com/archives/C5131HKFX/p1584263168429300?thread_ts=1584263168.429300&cid=C5131HKFX
https://t.me/CSW_Slack/2602
A private key must be unique to the individual or it cannot be associated with a digital signature
If you ever share the key, it is no longer valid to use in signing.
CSW
Mar 17, 2020
https://metanet-icu.slack.com/archives/C5131HKFX/p1584451791060700?thread_ts=1584451791.060700&cid=C5131HKFX
https://t.me/CSW_Slack/2604
If you ever share the key, it is no longer valid to use in signing.
CSW
Mar 17, 2020
https://metanet-icu.slack.com/archives/C5131HKFX/p1584451791060700?thread_ts=1584451791.060700&cid=C5131HKFX
https://t.me/CSW_Slack/2604
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CSW
Mar 17, 2020
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https://t.me/CSW_Slack/2604
Mar 17, 2020
https://metanet-icu.slack.com/archives/C5131HKFX/p1584451791060700?thread_ts=1584451791.060700&cid=C5131HKFX
https://t.me/CSW_Slack/2604
You cannot get a chain of proof of work information and make an identity.
I wish people would stop this bull shit about code is law. There is no digital signature and no identity without people.
A key can be signed - by a register - with evidence of ID
Vote - horrible
Voting systems are complex
I designed some
CSW
May 6, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1588775667184100?thread_ts=1588775667.184100&cid=C5131HKFX
https://t.me/CSW_Slack/2606
I wish people would stop this bull shit about code is law. There is no digital signature and no identity without people.
A key can be signed - by a register - with evidence of ID
Vote - horrible
Voting systems are complex
I designed some
CSW
May 6, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1588775667184100?thread_ts=1588775667.184100&cid=C5131HKFX
https://t.me/CSW_Slack/2606
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CSW
May 6, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1588775667184100?thread_ts=1588775667.184100&cid=C5131HKFX
https://t.me/CSW_Slack/2606
May 6, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1588775667184100?thread_ts=1588775667.184100&cid=C5131HKFX
https://t.me/CSW_Slack/2606
People ask why I am Christian and believe.
Why ask God to be a part of your life? Why choose to think there is more....
Then, COPA comes along and you see your wishes and deepest desires answered...
You worry Bout people running and that the cases are difficult to get before a judge.
Then, by the grace of God and it has to be, there is no way that level of stupidly can exist outside of a miracle....
Natural law.
CSW
Jun 15, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1623788130493200?thread_ts=1623788130.493200&cid=C5131HKFX
https://t.me/CSW_Slack/2608
Why ask God to be a part of your life? Why choose to think there is more....
Then, COPA comes along and you see your wishes and deepest desires answered...
You worry Bout people running and that the cases are difficult to get before a judge.
Then, by the grace of God and it has to be, there is no way that level of stupidly can exist outside of a miracle....
Natural law.
CSW
Jun 15, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1623788130493200?thread_ts=1623788130.493200&cid=C5131HKFX
https://t.me/CSW_Slack/2608
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CSW
Jun 15, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1623788130493200?thread_ts=1623788130.493200&cid=C5131HKFX
https://t.me/CSW_Slack/2608
Jun 15, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1623788130493200?thread_ts=1623788130.493200&cid=C5131HKFX
https://t.me/CSW_Slack/2608