There are not that many countries on earth.
If I need to, I will injunct them all one by one leaving only the shit show countries that are irrelevant in the world order (el Salvador) and the result will be absolutely no exchanges.
No banking.
No ability to mine in the real world
And, they think I am playing
They COULD have negotiated a settlement
Now, when I am finished with Jack and Co....
He will not just look like a beggar
CSW
Jul 5, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1625521722298900?thread_ts=1625521722.298900&cid=C5131HKFX
https://t.me/CSW_Slack/2677
If I need to, I will injunct them all one by one leaving only the shit show countries that are irrelevant in the world order (el Salvador) and the result will be absolutely no exchanges.
No banking.
No ability to mine in the real world
And, they think I am playing
They COULD have negotiated a settlement
Now, when I am finished with Jack and Co....
He will not just look like a beggar
CSW
Jul 5, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1625521722298900?thread_ts=1625521722.298900&cid=C5131HKFX
https://t.me/CSW_Slack/2677
Telegram
CSW - Slack Channel
CSW
Jul 5, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1625521722298900?thread_ts=1625521722.298900&cid=C5131HKFX
https://t.me/CSW_Slack/2677
Jul 5, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1625521722298900?thread_ts=1625521722.298900&cid=C5131HKFX
https://t.me/CSW_Slack/2677
Binance has FALSELY made claims they are "crypto only".
They will end with prison time, asset seizure and worse
CSW
Jul 6, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1625583365355600
https://t.me/CSW_Slack/2679
They will end with prison time, asset seizure and worse
CSW
Jul 6, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1625583365355600
https://t.me/CSW_Slack/2679
Forwarded from 401 Ian Grigg (@RamonQuesada 🌷)
Media is too big
VIEW IN TELEGRAM
Minute 26:20
- Prometheus project
- Craig as Satoshi
Ian Grigg interviewed by Kurt.
Jul 6, 2021
https://youtu.be/jJYA_Z_fYA8
- Prometheus project
- Craig as Satoshi
Ian Grigg interviewed by Kurt.
Jul 6, 2021
https://youtu.be/jJYA_Z_fYA8
"Science DOES NOT replace Religion.
Neither answers any questions that overlap in any way."
CSW
Jul 7, 2021
https://t.me/CSW_Slack/2686
Neither answers any questions that overlap in any way."
CSW
Jul 7, 2021
https://t.me/CSW_Slack/2686
1/2
We'll assume the constant call for 100,000 USD BTC. Except I'm going to be realistic and have this so that we increment in real terms. Reality is that it won't even get that. If you start looking at the calculations, the halving means that they are going to need $20 fees or more for every transaction. It never becomes viable.
and of course this is the problem that they don't understand. Digital gold for $20 is not valid or viable outside of crime and that will be killed it's already criminally illegal
alternatively, BSV can make this up by offeringfees as long as they make the value above
and this is what scaling does do it
the more we scale, the cheaper it gets and the more money miners earn
what they really don't understand is that there is only US$5 trillion worth of cash on the entire planet. You cannot take broad money
broad money means $80 trillion
the problem with broad money is that it includes debt loans checks all sorts of things
for broad money, we include all the fractional reserve exchanges et cetera
so the result is that you can do a calculation based on the amount of narrow money and assume that if all of bitcoin goes into circulation, which it won't, that we can get a maximum price
that will be $5 trillion divided by 21 million coins
the reality is that our close ceiling is even lower than that. In the next 10 years, bitcoin will not replace all global money. To do that, it first of all needs to be the only form of crypto. It would need to replace all government systems. It won't
the reality is we could expect ideal world with out course sucking things up to by 2030 get to 1/3 of global money. Let's rounded up to 2 trillion worth of total value for bitcoin and round up the number of mine bitcoins to 20 million
that gives you a maximum value of $100,000 per bitcoin.
To achieve that, bitcoin needs to be 33% of global cash
to do this, it needs transaction volume
it will need terabyte blocks
the problem that they keep overlooking is that people need to use and hold
M0
the problem that they have with bitcoin as M1 and above is that this makes the assumption that nothing other than bitcoin exists
there are exchanges and shorts that allow you to have more than loans but the problem is that these act as inflationary systems and actually decrease the price
for $1 million bitcoin, every single transaction on earth will need to go through bitcoin in some way. This will require petabyte size transactions
even to get to 100 K without transaction volume, just as digital gold, bitcoin will need to have gigabyte blocks
this is just the moving on and off exchanges
not even use
Nobody seems to actually do the calculations. For bitcoin to be worth 100 K, it needs to be a $2 trillion vibrant economy. If it has no real velocity or use, that is only 3k second as in CoreCoin level, there is no way it can get too 100 K without manipulation.
The just isn't enough value on this planet to move into bitcoin. Something needs to be taken away from it. Bitcoin isn't creating that much value as anything other than money. If you're saying it's a story of value, then you're taking away from another store of value. Medium of exchange, you're taking from another medium of exchange. As something new, as with metanet that is of value creation. So there's no money coming into existence and hence there is this huge Ponzi on paper with CoreCoin.
no, core cannot use lightning as a substitute
llightning will still require the transactions are stored and if you understand financial economics you will start to see that all that is is a fractional reserve system
more importantly, lightning acts as an MSB
every node is going to have to be registered and the overheads are huge
yes in the next year will expect a major takedown
CSW
May 16, 2019
https://metanet-icu.slack.com/archives/C5131HKFX/p1558010921479100?thread_ts=1558010921.479100&cid=C5131HKFX
1/2
https://t.me/CSW_Slack/2693
We'll assume the constant call for 100,000 USD BTC. Except I'm going to be realistic and have this so that we increment in real terms. Reality is that it won't even get that. If you start looking at the calculations, the halving means that they are going to need $20 fees or more for every transaction. It never becomes viable.
and of course this is the problem that they don't understand. Digital gold for $20 is not valid or viable outside of crime and that will be killed it's already criminally illegal
alternatively, BSV can make this up by offeringfees as long as they make the value above
and this is what scaling does do it
the more we scale, the cheaper it gets and the more money miners earn
what they really don't understand is that there is only US$5 trillion worth of cash on the entire planet. You cannot take broad money
broad money means $80 trillion
the problem with broad money is that it includes debt loans checks all sorts of things
for broad money, we include all the fractional reserve exchanges et cetera
so the result is that you can do a calculation based on the amount of narrow money and assume that if all of bitcoin goes into circulation, which it won't, that we can get a maximum price
that will be $5 trillion divided by 21 million coins
the reality is that our close ceiling is even lower than that. In the next 10 years, bitcoin will not replace all global money. To do that, it first of all needs to be the only form of crypto. It would need to replace all government systems. It won't
the reality is we could expect ideal world with out course sucking things up to by 2030 get to 1/3 of global money. Let's rounded up to 2 trillion worth of total value for bitcoin and round up the number of mine bitcoins to 20 million
that gives you a maximum value of $100,000 per bitcoin.
To achieve that, bitcoin needs to be 33% of global cash
to do this, it needs transaction volume
it will need terabyte blocks
the problem that they keep overlooking is that people need to use and hold
M0
the problem that they have with bitcoin as M1 and above is that this makes the assumption that nothing other than bitcoin exists
there are exchanges and shorts that allow you to have more than loans but the problem is that these act as inflationary systems and actually decrease the price
for $1 million bitcoin, every single transaction on earth will need to go through bitcoin in some way. This will require petabyte size transactions
even to get to 100 K without transaction volume, just as digital gold, bitcoin will need to have gigabyte blocks
this is just the moving on and off exchanges
not even use
Nobody seems to actually do the calculations. For bitcoin to be worth 100 K, it needs to be a $2 trillion vibrant economy. If it has no real velocity or use, that is only 3k second as in CoreCoin level, there is no way it can get too 100 K without manipulation.
The just isn't enough value on this planet to move into bitcoin. Something needs to be taken away from it. Bitcoin isn't creating that much value as anything other than money. If you're saying it's a story of value, then you're taking away from another store of value. Medium of exchange, you're taking from another medium of exchange. As something new, as with metanet that is of value creation. So there's no money coming into existence and hence there is this huge Ponzi on paper with CoreCoin.
no, core cannot use lightning as a substitute
llightning will still require the transactions are stored and if you understand financial economics you will start to see that all that is is a fractional reserve system
more importantly, lightning acts as an MSB
every node is going to have to be registered and the overheads are huge
yes in the next year will expect a major takedown
CSW
May 16, 2019
https://metanet-icu.slack.com/archives/C5131HKFX/p1558010921479100?thread_ts=1558010921.479100&cid=C5131HKFX
1/2
https://t.me/CSW_Slack/2693
Telegram
CSW - Slack Channel
CSW
May 16, 2019
https://metanet-icu.slack.com/archives/C5131HKFX/p1558010921479100?thread_ts=1558010921.479100&cid=C5131HKFX
1/2
https://t.me/CSW_Slack/2693
May 16, 2019
https://metanet-icu.slack.com/archives/C5131HKFX/p1558010921479100?thread_ts=1558010921.479100&cid=C5131HKFX
1/2
https://t.me/CSW_Slack/2693
2/2
They will not have a 51% attack - that again is the CORE BS
The only attack is a double spend.
And law
The 51% attack is a CORE Coin attack
Fixed protocol - no attack
Empty blocks - cost billions to run
You have sunk costs - but you still have incremental costs
And... law
They will need to spend billions to do a real attack
There is NO 51% attack
The attack is ONLY a double spend and that is law. If you do this, you are easily blocked by other miners and also law
In china... a long time in a dank prison
There are blocks
Even a block every hour is a block
That is a TX attack - with no cap, there is not TX attack
CSW
May 16, 2019
https://metanet-icu.slack.com/archives/C5131HKFX/p1558014525017100?thread_ts=1558010921.479100&cid=C5131HKFX
2/2
https://t.me/CSW_Slack/2697
They will not have a 51% attack - that again is the CORE BS
The only attack is a double spend.
And law
The 51% attack is a CORE Coin attack
Fixed protocol - no attack
Empty blocks - cost billions to run
You have sunk costs - but you still have incremental costs
And... law
They will need to spend billions to do a real attack
There is NO 51% attack
The attack is ONLY a double spend and that is law. If you do this, you are easily blocked by other miners and also law
In china... a long time in a dank prison
There are blocks
Even a block every hour is a block
That is a TX attack - with no cap, there is not TX attack
CSW
May 16, 2019
https://metanet-icu.slack.com/archives/C5131HKFX/p1558014525017100?thread_ts=1558010921.479100&cid=C5131HKFX
2/2
https://t.me/CSW_Slack/2697
Telegram
CSW - Slack Channel
CSW
May 16, 2019
https://metanet-icu.slack.com/archives/C5131HKFX/p1558014525017100?thread_ts=1558010921.479100&cid=C5131HKFX
2/2
https://t.me/CSW_Slack/2697
May 16, 2019
https://metanet-icu.slack.com/archives/C5131HKFX/p1558014525017100?thread_ts=1558010921.479100&cid=C5131HKFX
2/2
https://t.me/CSW_Slack/2697
A Little-Known ‘Back Door’ Trick for Boosting Your Roth Contributions https://www.wsj.com/articles/a-little-known-back-door-trick-for-boosting-your-roth-contributions-11625848733
jul 10, 2021
jul 10, 2021
For Craig’s post https://craigwright.net/blog/bitcoin-blockchain-tech/bitcoin-was-never-designed-to-be-censorship-resistant/, the following paragraph:
Bitcoin does not use any encryption. If you want to do a no-everything build of OpenSSL to exclude encryption routines, a few patches are required. (OpenSSL v0.9.8h).
What does this mean actually? Any suggestions?
https://t.me/CSW_Slack/2703
Bitcoin does not use any encryption. If you want to do a no-everything build of OpenSSL to exclude encryption routines, a few patches are required. (OpenSSL v0.9.8h).
What does this mean actually? Any suggestions?
https://t.me/CSW_Slack/2703
craigwright.net
Bitcoin Was Never Designed To Be Censorship-Resistant