CSW
Jul 21, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1626855159498300

https://t.me/CSW_Slack/2734

https://www.investopedia.com/articles/investing/081815/how-does-eurobond-work.asp

https://www.investopedia.com/terms/e/eurobond.asp


Investopedia has a simple description of Eurobonds.

Eurobonds are electronically issued bearer instruments that act as a stable currency defined bearer bond.

When we talking about stable coins, there is an issuer. Contrary to what people translate and there is no such thing as a decentralised stable coin. In fact there can't be a decentralised stable coin. The notion is an impossibility.

The links above help describe this topic in a form that people understand right now. The entire stable coin concept is merely the issue of the Eurobond instrument while lying about the source of issue. For instance, tether is not backed but it is rather a debt instrument. USDC is also and unbacked debt instrument. They like to say how old are using a Blockchain so this makes it different. The Blockchain is merely the database. It doesn't matter how the data is recorded.

Hopefully having a read through these pages will give you a better understanding of what stable coins really are and why they are already regulated.

CSW
Jul 21, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1626855159498300

https://t.me/CSW_Slack/2734

CSW
Jul 21, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1626868783010700?thread_ts=1626868783.010700&cid=C5131HKFX

https://t.me/CSW_Slack/2736

CSW
Jul 21, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1626872246013000?thread_ts=1626872246.013000&cid=C5131HKFX

https://t.me/CSW_Slack/2737

https://cointelegraph.com/news/square-launch

Just a little something people don't him to understand.

To be a patent troll requires tthat you purchase other people's patents. the sort of thing that Jack Dorsey has done before. BBy definition you can't tthe a patent troll when you are actively inventing things

https://cointelegraph.com/news/square-launches-cryptocurrency-patent-alliance-to-fight-the-trolls

"Of the more than 5,800 applications for blockchain patents filed last year, only 3% were granted."

The point on that comment is where they are saying that only 3% are granted ignores one little point... that is averaging industry

nChain doesn't have 3%

Our number will be closer to 80% when we are done

CSW
Jul 21, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1626872246013000?thread_ts=1626872246.013000&cid=C5131HKFX

https://t.me/CSW_Slack/2737

CSW
Jul 21, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1626874459016800?thread_ts=1626874459.016800&cid=C5131HKFX

https://t.me/CSW_Slack/2739

Much of the defence presented by COPA hangs on an argument that because I released bitcoin under at MIT license (which they are basically arguing is the same as a GNU licence) that this means that I agreed that the protocol could be changed.

Now, when a argue that I had intended for many different versions of node software to exist with different protocols, "I don't believe a second, compatible implementation of Bitcoin will ever be a good idea."

They seem to ignore what I actually said

Then again, this is their entire case.

an important little factor that people miss is that I was not talking about home user utilisation here

The MIT license is compatible with all other licenses and commercial uses

I have categorically stated that the licence is compatible and good for commercial use

not everyone at home running their free licence but commercial

I'm going to enjoy finally getting to go through court and pull apart all of the changes that that made in BTC and all of the lies that are being created since 2011 around bitcoin

I mean, their arguing that annyone can fork the softwaree and make different protocols and that this is okay

I know, most developers don't like their software forked, but I have real technical reasons in this case.

As I stated, I don't want my software forked

what I wanted was a single protocol

remember, when people threatened to send large volummes of transactions to the network including movies or even Lady Gaga videos, I simply explained that this is fine that is what transaction fees are for

in case you don't understand this, when I stated that I don't care if someone sends gigabytes of data tto the network I was very simply stating that I really don't care if there are gigabyte blocks because people pay for them

When people make the claim that I started this in response to the global financial crisis they completely ignore one little point

Since 2007. At some point I became convinced there was a way to do this without any trust required at all and couldn't resist to keep thinking about it. Much more of the work was designing than coding.

I have been working on the code since 2007

that was prior to the global financial crisis and I'm not a time traveller ( for that matter I don't believe time traveller is possible)

CSW
Jul 21, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1626874459016800?thread_ts=1626874459.016800&cid=C5131HKFX

https://t.me/CSW_Slack/2739

Anti-money laundering and countering the financing of terrorism legislative package
First published on
20 July 2021

6th Directive on AML/CFT (AMLD 6)

https://ec.europa.eu/info/publications/210720-anti-money-laundering-countering-financing-terrorism_en

CSW
Jul 22, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1626943089084300?thread_ts=1626943089.084300&cid=C5131HKFX

https://t.me/CSW_Slack/2744

CSW
Jul 22, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1626943089084300?thread_ts=1626943089.084300&cid=C5131HKFX

https://t.me/CSW_Slack/2744

The only way Bitcoin is decentralised and non-trust is beased on the protocol being fixed.

CSW
Jul 21, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1626880032027500?thread_ts=1626880032.027500&cid=C5131HKFX

https://t.me/CSW_Slack/2746

CSW
Jul 21, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1626880032027500?thread_

https://t.me/CSW_Slack/2747

It's time we had the same thing for money. With e-currency based on cryptographic proof, without the need to trust a third party middleman, money can be secure and transactions effortless.

What this refers to is what Bitcoin can do. Bitcoin is NOT a currency nor even e-currency. It is a commodity, electronic cash.

BUT...

You can build a currency ON Bitcoin IN Script.

Mann on money

Currency is a legal term of art.

the question was argued and debated because of the Euro and Stirling choice bill of 2001.

If this bill was accepted, it would have conferred a unilateral right upon the debtor to discharge a Stirling obligation by payment of euros

currency means current money

to be currency, it needs to be the legally accepted form of money that is in general use within a particular country

foreign currency of course is currency that is accepted in other countries

so, unless bitcoin is widely accepted and even able to be used in the payment of bills to government as well as small casual payments as cash, when that is that the majority of some countries use is in bitcoin, then bitcoin will not be currency

Cash is a form of money in notes or coins. Bitcoin is created in a form of a digital coin and under the electronic transactions act the ability to substitute electronic methodologies for paper is considered viable in the UK hence making this legally something that can be cash

unlike popular opinion in many areas cash does not need to be a form of legal tender but it needs to be imediately final

I final what I mean is that it is not like a cheque that needs to be taken and processed somewhere else

when you are handed a cash transaction you have the final value in the final form

Not always, script enables the creation of predefined systems that ensure that double spending cannot occur if that needs to be implemented

For instance, using multi-signature scripts allows for the signing and distribution of transactions in a chain. Through this, a combination of payment channels and signing can create a system that does not allow for any double spends.

CSW
Jul 21, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1626880032027500?thread_

https://t.me/CSW_Slack/2747

CSW
Jul 21, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1626880184029200?thread_ts=1626880184.029200&cid=C5131HKFX

https://t.me/CSW_Slack/2749

Right. Otherwise we couldn't have a finite limit of 21 million coins, because there would always need to be some minimum reward for generating. In a few decades when the reward gets too small, the transaction fee will become the main compensation for nodes. I'm sure that in 20 years there will either be very large transaction volume or no volume.

See:
https://bitcointalk.org/index.php?topic=48.msg329#msg329

https://archive.is/3MLgg

And BTC will not be long at this point

I did and I made comments about this on the bitcoin forum in the early days

if that was the case then you couldn't have a set issue and you would have to have a continuing issue over time

I allowed for more bitcoin to be issued continuously you are then creating the scenario where the system can be updated and changed

in that, you are adding myself back in as an intermediary

more important, if you are doing these continuous updates there is no way that you can justify saying that they need to stay at a certain level

I can state that you can't add more bitcoin because the entire system has been created with a set amount that was issued prior to the launch

I tried to explain this in 2010 online but nobody understood me

CSW
Jul 21, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1626880184029200?thread_ts=1626880184.029200&cid=C5131HKFX

https://t.me/CSW_Slack/2749

CSW
Jul 21, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1626880587031600

https://t.me/CSW_Slack/2751

Forgot to add the good part about micropayments. While I don't think Bitcoin is practical for smaller micropayments right now, it will eventually be as storage and bandwidth costs continue to fall. If Bitcoin catches on on a big scale, it may already be the case by that time. Another way they can become more practical is if I implement client-only mode and the number of network nodes consolidates into a smaller number of professional server farms. Whatever size micropayments you need will eventually be practical. I think in 5 or 10 years, the bandwidth and storage will seem trivial.

CSW
Jul 21, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1626880587031600

https://t.me/CSW_Slack/2751

CSW
Jul 22, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1626939239075800?thread_ts=1626939239.075800&cid=C5131HKFX

https://t.me/CSW_Slack/2753

You know that something is a cult when people ignore reality and focus on a promise that has never been demonstrated...

When people believe that they can make something work because they will it so (BTC, Lightning), that the think they can bypass the laws of physics {ETH) and where they do this against a glaringly obvious reality...

Where, real working solutions are ignored as they don't fit the dogma... and challenge not science but your beliefs

Where you believe that decentralised everything is good in itself no matter the damage and harm it causes, because it is "decentralised".

CSW
Jul 22, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1626939239075800?thread_ts=1626939239.075800&cid=C5131HKFX

https://t.me/CSW_Slack/2753

CSW
Jul 22, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1626942152077400?thread_ts=1626942152.077400&cid=C5131HKFX

https://t.me/CSW_Slack/2755

The concept that markets are always good and always moral is itself built upon a series of statements that have no foundation in truth. Not all markets are good. Not all consequences of having markets are good. As with many things, markets are a tool created by humanity that can be used for both positive and negative ends, and we have seen many bad examples of markets. Those who worship markets as a God do so without critical analysis of the human created tool.

We should stop requiring governments to regulate and we should allow individuals easier access to the courts and to enact tort law

For instance, if I had my way I would make every drug legal but equally make access to negligence and misrepresentation and other torts far simpler and less expensive

In that, I would allow it so that any drug dealer could legally do his job but the parents of the children who take the drugs would be able to sue the drug dealer for any damage, any loss of school time any other problems under a normal tortious action

This is how the law used to be.

If you come to understand how the system worked prior to World War I and the changes that have come about because of socialism and the concept that we need to protect people start to understand that where we develop an educated population who understands their rights, there are really few necessities around regulation.

You will also start to understand that most of the push towards regulation rather than private law through Tort is mercantilist in nature and I say that because large corporations and not people push for regulatory reform.

The current scenario was really based on lobbying by existing drug companies, large tech companies such as Google and Facebook and the other global multinationals who seek regulation because this protects them from having to worry about the possible actions that can occur when disgruntled consumers sue them.

Regulation minimises the amount of action that can be taken against large corporations. It provides corporations with certainty. There is of course another way to gain certainty which is to act as a moral entity that cares about their consumer and under the provisions of a system where negligence and other tortious acts are available to easily be taken without the need for consolidation into class actions or all the existing difficulties that are built to minimise the amount of court action, the end result is that corporations go back to caring about their consumers and more than consumers but other people that they may impact.

Even where there are systems with social mobility being applicable, how we treat those who are incapable of achieving as much as others also matters. The concept of creating a society based on social Darwinism as the Nazis hoped to do is also problematic when you consider that people who are disabled or less intelligent have families and remain human.

CSW
Jul 22, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1626942152077400?thread_ts=1626942152.077400&cid=C5131HKFX

https://t.me/CSW_Slack/2755