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

United States passed the Unlawful Internet Gambling Enforcement Act (UIGEA), 2006.

The push that lead to bitcoin.

CSW
Jul 24, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1627145374242800?thread_ts=1627145374.242800&cid=C5131HKFX

https://t.me/CSW_Slack/2757

CSW
Jul 25, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1627207860287000?thread_ts=1627163515.261000&cid=C5131HKFX

https://t.me/CSW_Slack/2758

There is an additional reason for all of this as well. As you note, commodities don’t change. This is something that people have not been thinking about. It is also important because if the standard and quality of an item change, it cannot be considered a standardised item. If it is not a standardised item, it is not a commodity. So, for example, gold is not a commodity. However, gold at a certain purified refinement and method of delivery is a commodity. Gold at 9.99995%, at a guaranteed weight level of say 1 ounce, is a commodity. On the other hand, gold dust and gold nuggets or even an essay gold are not commodities.

CSW
Jul 25, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1627207860287000?thread_ts=1627163515.261000&cid=C5131HKFX

https://t.me/CSW_Slack/2758

CSW
Jul 25, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1627218051307300?thread_ts=1627218051.307300&cid=C5131HKFX

https://t.me/CSW_Slack/2760

The problem with the elite is not that we have a lead or inequality, but the people today do not understand their role in society.

Wealth comes with an obligation. The disparity that people find in taking action against and attacking the George Soros types is that they are not returning anything to society. They are not building museums, they are not building libraries. In the past, people would have great houses that hired hundreds of people and even now in England these are open to the public periodically.

The issue is not that people are elite or wealthy but are trying to separate themselves from the rest of the population. The Facebook and Amazon founders by yachts and properties that they isolate themselves on. It is not good enough to be seen on social media. To have a huge property and restrict others from seeing it outside of pictures that you never let them experience is the problem.

People would be happy if they saw people with great wealth using it in ways that encompasses other people. If they created jobs on their properties for local communities that build and grow because of the actions of those magnates who create wealth. If they maintained patronage and had individuals create art for them and they had society grow, then the divide would not exist.

Those with money need to be a part of the world, and greater society are not think that money is a means of isolating themselves away from people.
They need to start understanding that has they start getting to the point in their lives with their spending the money they created they need to also do it in a way that provides opportunities for others.

CSW
Jul 25, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1627218051307300?thread_ts=1627218051.307300&cid=C5131HKFX

https://t.me/CSW_Slack/2760

Chat about Slack
https://t.me/CSW_SlackChat

CSW
Jul 25, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1627231844317400?thread_ts=1627231844.317400&cid=C5131HKFX

https://t.me/CSW_Slack/2763

As I said, I have come to terms with my past and I have accepted it.

My role now is to make something of it.

Exactly how I will do this am not quite sure but it needs to be about finding ways of introducing people back into the system, especially as they are displaced through the automation of many demeaning tasks.

In the future, we have an opportunity to create roles that have dignity in value whether this is as simple as being a gardener who takes pride in building something that people wish to visit and enjoy something as small as a picnic in a private ground that is open for people to visit periodically

The world will be one of experiences and the difference will be that human involvement can deliver something that machines cannot.

For all the hype about artificial intelligence, it is important to remember that only narrow AI has ever been achieved and we have no concept of how to even start creating a general AI.

Moreover, those who promote the singularity hype of a rapid explosion in intelligence failed to understand that even machines need time to test new iterations and the more complex this becomes the slower the rate at which iterations will occur

Moreover, if the machine was to have regained consciousness and I don't see this for the next 400 years, the thing to remember is that it would not want to replace itself and hence deleting itself to make a more intelligent version is not something that the machine would choose to do

But, the opportunities for people to learn more human skills such as art and other aspects of creativity will remain and will become more important

CSW
Jul 25, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1627231844317400?thread_ts=1627231844.317400&cid=C5131HKFX

https://t.me/CSW_Slack/2763