You will hear about decentralised autonomous organisations (DAO) in the Ethereum world all the time. Some individuals seek even to create what they argue is a form of DAO. MakerDao is one such example [1]. The token released by this organisation is run through what they consider to be decentralised and autonomous because the owners of a governance token manage it. The owners of this token can vote on changes to how the system runs.
I would like you to think about this for a moment.
[1] https://en.wikipedia.org/wiki/Dai_(cryptocurrency)
The argument is that firstly it is decentralised. If it is a decentralised system, then that means that it is widely distributed is meaningless. Facebook and Google both issued shares under an IPO or initial public offering. The shares trade publicly. The shares of Facebook and Google are the means of providing governance across these organisations. A small group of shareholders with a large number of shares meet and dictate terms, which is no different from how something like a DAO functions. The only difference here is that Facebook and Google have restrictions on their shares. The argument being posited by a DAO is that they should be allowed to operate without any KYC. That is no your customer requirement, and hence that they can breach AML requirements.
CSW
Jul 28, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1627461217007000?thread_ts=1627461217.007000&cid=C5131HKFX
https://t.me/CSW_Slack/2780
I would like you to think about this for a moment.
[1] https://en.wikipedia.org/wiki/Dai_(cryptocurrency)
The argument is that firstly it is decentralised. If it is a decentralised system, then that means that it is widely distributed is meaningless. Facebook and Google both issued shares under an IPO or initial public offering. The shares trade publicly. The shares of Facebook and Google are the means of providing governance across these organisations. A small group of shareholders with a large number of shares meet and dictate terms, which is no different from how something like a DAO functions. The only difference here is that Facebook and Google have restrictions on their shares. The argument being posited by a DAO is that they should be allowed to operate without any KYC. That is no your customer requirement, and hence that they can breach AML requirements.
CSW
Jul 28, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1627461217007000?thread_ts=1627461217.007000&cid=C5131HKFX
https://t.me/CSW_Slack/2780
A general Artificial Intelligence would STILL need to test its hypothesis.
These take time.
Hence, no speed up in Intelligence
So, no singularity
My theory is that the neocortex makees a model of the rest of the brain.
In effect, the part off us that we see is us whicch has language is also a predictive model of what the rest of oour brain will be doing andd hennce whhy it's not allways ccorreect and why there is a lag
CSW
Jul 28, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1627493039042200?thread_ts=1627493039.042200&cid=C5131HKFX
https://t.me/CSW_Slack/2782
These take time.
Hence, no speed up in Intelligence
So, no singularity
My theory is that the neocortex makees a model of the rest of the brain.
In effect, the part off us that we see is us whicch has language is also a predictive model of what the rest of oour brain will be doing andd hennce whhy it's not allways ccorreect and why there is a lag
CSW
Jul 28, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1627493039042200?thread_ts=1627493039.042200&cid=C5131HKFX
https://t.me/CSW_Slack/2782
Telegram
CSW - Slack Channel
CSW
Jul 28, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1627493039042200?thread_ts=1627493039.042200&cid=C5131HKFX
https://t.me/CSW_Slack/2782
Jul 28, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1627493039042200?thread_ts=1627493039.042200&cid=C5131HKFX
https://t.me/CSW_Slack/2782
Have people not understood that the copyleft movement is simply a socialistt movement?
Basically, they are arguing that copyright is right wing and hence that as they are socialist they require the movement to be to the left.
CSW
jul 28, 2021
https://t.me/CSW_Slack/2785
Basically, they are arguing that copyright is right wing and hence that as they are socialist they require the movement to be to the left.
CSW
jul 28, 2021
https://t.me/CSW_Slack/2785
Have people not understood that the copyleft movement is simply a socialist movement?
Basically, they are arguing that copyright is right wing and hence that as they are socialist they require the movement to be to the left.
CSW
jul 28, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1627484354030100
https://t.me/CSW_Slack/2785
Basically, they are arguing that copyright is right wing and hence that as they are socialist they require the movement to be to the left.
CSW
jul 28, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1627484354030100
https://t.me/CSW_Slack/2785
Telegram
CSW - Slack Channel
Have people not understood that the copyleft movement is simply a socialistt movement?
Basically, they are arguing that copyright is right wing and hence that as they are socialist they require the movement to be to the left.
CSW
jul 28, 2021
https://…
Basically, they are arguing that copyright is right wing and hence that as they are socialist they require the movement to be to the left.
CSW
jul 28, 2021
https://…
Question:
Craig, why do you say that there is not enough bitcoin for it to be the world currency in https://youtu.be/zmLfZ599oAY?t=232?
My mission is (or at least has been) to spread it's use to retail chains and any other place where I and others make payments. 21,000,000 bitcoin * 100,000,000 satoshi per bitcoin is 2,100,000,000,000,000 satoshi which is a rather large number. If we divide that number by for example the world population (8,000,000,000) that is still 262,000 satoshi per person.
Answer,
CSW:
bitcoin is not an account based system
next, bitcoin is designed forr micro payments
that means 1000% per Satoshi or less to mmake it worrk
262k per person for everything leaves only USD 262 per person if it is going tto work
does that sound like enough money for everyonne on the globe?
that works as cash
You need far more than ( Payment channels, with sats as reserves.) you neeed account baseed systems for currency.
You need banking for a start
as I keep stating, bitcoin is not a bank and it doesn't replace them
What I’m saying is that banks will end up operating on local money and not a global system. They can act on gold type systems, but there will not be anything anytime in my lifetime where fiat currency goes away. Nor is bitcoin designed to replace it. It does replace cash, and it does create a system that is a better monitoring and control system.
transfers can be recorded and monitored but an account based record in transferring a single sat can transfer billions of dollars
one Satoshi can represent many different things
but, currency is not the thing that money is printed on
CSW
Jul 30, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1627624082034000?thread_ts=1627624082.034000&cid=C5131HKFX
https://t.me/CSW_Slack/2789
Craig, why do you say that there is not enough bitcoin for it to be the world currency in https://youtu.be/zmLfZ599oAY?t=232?
My mission is (or at least has been) to spread it's use to retail chains and any other place where I and others make payments. 21,000,000 bitcoin * 100,000,000 satoshi per bitcoin is 2,100,000,000,000,000 satoshi which is a rather large number. If we divide that number by for example the world population (8,000,000,000) that is still 262,000 satoshi per person.
Answer,
CSW:
bitcoin is not an account based system
next, bitcoin is designed forr micro payments
that means 1000% per Satoshi or less to mmake it worrk
262k per person for everything leaves only USD 262 per person if it is going tto work
does that sound like enough money for everyonne on the globe?
that works as cash
You need far more than ( Payment channels, with sats as reserves.) you neeed account baseed systems for currency.
You need banking for a start
as I keep stating, bitcoin is not a bank and it doesn't replace them
What I’m saying is that banks will end up operating on local money and not a global system. They can act on gold type systems, but there will not be anything anytime in my lifetime where fiat currency goes away. Nor is bitcoin designed to replace it. It does replace cash, and it does create a system that is a better monitoring and control system.
transfers can be recorded and monitored but an account based record in transferring a single sat can transfer billions of dollars
one Satoshi can represent many different things
but, currency is not the thing that money is printed on
CSW
Jul 30, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1627624082034000?thread_ts=1627624082.034000&cid=C5131HKFX
https://t.me/CSW_Slack/2789
YouTube
1. Introduction - Theory of Bitcoin - Dr. Craig S. Wright & Ryan X. Charles
An educational initiative by Dr. Craig S. Wright and Ryan X. Charles.
See this recent video as well:
"Craig Wright: Bitcoin as a security system" by Dr. Craig S. Wright and Ryan X. Charles.
https://www.youtube.com/watch?v=bmVMdeI6TL8
See this recent video as well:
"Craig Wright: Bitcoin as a security system" by Dr. Craig S. Wright and Ryan X. Charles.
https://www.youtube.com/watch?v=bmVMdeI6TL8
PoW vs PoS is not related to scale, in any form.
The argument is a red herring.
PoS end as a SMALL number of large nodes, ie Facebook shares.
The issue of processing is utterly unrelated to PoAnything.
PoS is stopping competition, not scale
Proof of stake isn’t a mechanism associated with the distribution of nodes to people. There is no method. That was the whole point of the bitcoin whitepaper stating sibling.
And all that ends up happening is that nodes need to register ownership. Just like shares. Nodes and up as large systems are not related to small distributions, just as Facebook and Google are owned by you small people who control them and the longtail effect means absolutely nothing.
Share ownership isn’t distributed under a Pareto model. Although it is a long tail, it is generally a long tail where a very small number of individuals holds 50% of the control.
There are no differences with any other financial assets. So to state that suddenly it’s going to be a democratic system where individuals hold one vote is completely asinine, and anyone who doesn’t think this through needs to go back and do a little bit of study.
Most shares are held by small groups
CSW
Ago 2, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1627902040146100?thread_ts=1627902040.146100&cid=C5131HKFX
https://t.me/CSW_Slack/2796
The argument is a red herring.
PoS end as a SMALL number of large nodes, ie Facebook shares.
The issue of processing is utterly unrelated to PoAnything.
PoS is stopping competition, not scale
Proof of stake isn’t a mechanism associated with the distribution of nodes to people. There is no method. That was the whole point of the bitcoin whitepaper stating sibling.
And all that ends up happening is that nodes need to register ownership. Just like shares. Nodes and up as large systems are not related to small distributions, just as Facebook and Google are owned by you small people who control them and the longtail effect means absolutely nothing.
Share ownership isn’t distributed under a Pareto model. Although it is a long tail, it is generally a long tail where a very small number of individuals holds 50% of the control.
There are no differences with any other financial assets. So to state that suddenly it’s going to be a democratic system where individuals hold one vote is completely asinine, and anyone who doesn’t think this through needs to go back and do a little bit of study.
Most shares are held by small groups
CSW
Ago 2, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1627902040146100?thread_ts=1627902040.146100&cid=C5131HKFX
https://t.me/CSW_Slack/2796
Telegram
CSW - Slack Channel
CSW
Ago 2, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1627902040146100?thread_ts=1627902040.146100&cid=C5131HKFX
https://t.me/CSW_Slack/2796
Ago 2, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1627902040146100?thread_ts=1627902040.146100&cid=C5131HKFX
https://t.me/CSW_Slack/2796
I wonder if anyone has noticed a couple of points:
The date format in bitcoin when it was launched was not American
Next, the original images on the website from the launch in 2009 in January detail transfers
these transactions started running on 3 January
the screen capture was done late at night
the simple answer here is that the original version of bitcoin before the restart was running and was tested and had multiple transactions
As I stated - it was restarted
And, it was loaded then on the site
CSW
Ago 2, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1627909633150500?thread_ts=1627909633.150500&cid=C5131HKFX
https://t.me/CSW_Slack/2799
The date format in bitcoin when it was launched was not American
Next, the original images on the website from the launch in 2009 in January detail transfers
these transactions started running on 3 January
the screen capture was done late at night
the simple answer here is that the original version of bitcoin before the restart was running and was tested and had multiple transactions
As I stated - it was restarted
And, it was loaded then on the site
CSW
Ago 2, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1627909633150500?thread_ts=1627909633.150500&cid=C5131HKFX
https://t.me/CSW_Slack/2799
Telegram
CSW - Slack Channel
CSW
Ago 2, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1627909633150500?thread_ts=1627909633.150500&cid=C5131HKFX
https://t.me/CSW_Slack/2799
Ago 2, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1627909633150500?thread_ts=1627909633.150500&cid=C5131HKFX
https://t.me/CSW_Slack/2799