Just a Reminder.
Facebook, Google, Twitter, and even Monsanto have thousands of times more widely distributed voting shares than any possible Blockchain. The nature of every Blockchain is something that limits the number of voting actors who order the transactions. The number of controlling entities in bitcoin and its associated proof of work knockoff systems (e.g. BTC) are never controlled by more than ten parties.
More importantly, it is impossible to make a Blockchain system based on proof of work that will not be limited to a small number of actors who control the system. In particular, a single development group will generally control the actions of any Blockchain, and any denial of this is merely to equivocate the true scenario that is occurring.
Proof of stake is worse. Whilst proof of work is designed to allow economic competition where miners come and go, proof of stake merely forms an oligarchy that favours the incumbents and stops innovation. It is a share-based system that does not allow external competition. But, of course, companies such as Twitter like this because they recognise that new companies appear as Facebook did to MySpace. In a proof of stake world, Twitter would now not need to worry about innovation or losing its place to an upstart.
When you start to understand all of this, you start to understand what is happening with all the court cases and why Twitter and their founders are adamantly supporting COPA and trying to stop innovation.
CSW
Sep 4, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1630762728022800?thread_ts=1630762728.022800&cid=C5131HKFX
https://t.me/CSW_Slack/2964
Facebook, Google, Twitter, and even Monsanto have thousands of times more widely distributed voting shares than any possible Blockchain. The nature of every Blockchain is something that limits the number of voting actors who order the transactions. The number of controlling entities in bitcoin and its associated proof of work knockoff systems (e.g. BTC) are never controlled by more than ten parties.
More importantly, it is impossible to make a Blockchain system based on proof of work that will not be limited to a small number of actors who control the system. In particular, a single development group will generally control the actions of any Blockchain, and any denial of this is merely to equivocate the true scenario that is occurring.
Proof of stake is worse. Whilst proof of work is designed to allow economic competition where miners come and go, proof of stake merely forms an oligarchy that favours the incumbents and stops innovation. It is a share-based system that does not allow external competition. But, of course, companies such as Twitter like this because they recognise that new companies appear as Facebook did to MySpace. In a proof of stake world, Twitter would now not need to worry about innovation or losing its place to an upstart.
When you start to understand all of this, you start to understand what is happening with all the court cases and why Twitter and their founders are adamantly supporting COPA and trying to stop innovation.
CSW
Sep 4, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1630762728022800?thread_ts=1630762728.022800&cid=C5131HKFX
https://t.me/CSW_Slack/2964
Telegram
CSW - Slack Channel
CSW
Sep 4, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1630762728022800?thread_ts=1630762728.022800&cid=C5131HKFX
https://t.me/CSW_Slack/2964
Sep 4, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1630762728022800?thread_ts=1630762728.022800&cid=C5131HKFX
https://t.me/CSW_Slack/2964
Natural decentralisation as it applies to Cryptocurrencies comes from a variety of different areas. Firstly, bitcoin has a stable protocol. As a stable protocol, even the issuer and founder, myself, cannot change it.
Secondly, there are no rules that stop you from building anything upon the scripting language of bitcoin that is legal. So if there is something legal that you can build and build and in code that is not violating somebody else’s copyright or patent and that is not designed to break existing legislation actively, nobody can stop you from doing it.
Finally, as long as you don’t steal the database or do other things that are not allowed, you can create any system you want and competition.
That is what decentralised is. But, more importantly, when bitcoin was created, it was set with an IP to IP exchange. That meant individuals could directly exchange funds. It is not because it’s peer-to-peer, which is only true for the nodes in any event; it is because individuals can engage in trade as individuals.
Ironically, when a development group can change any rules for how the system works, the issuer who was always an individual or small group and is always by its very nature a centralised entity remains the individual in control of the centralised system. If you look at BTC or you look at Ethereum, these are merely share based systems that are controlled by a central group who wields power over the system.
there is no limited liabillity in "crypto"
CSW
Sep 4, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1630763418024700?thread_ts=1630763418.024700&cid=C5131HKFX
https://t.me/CSW_Slack/2966
Secondly, there are no rules that stop you from building anything upon the scripting language of bitcoin that is legal. So if there is something legal that you can build and build and in code that is not violating somebody else’s copyright or patent and that is not designed to break existing legislation actively, nobody can stop you from doing it.
Finally, as long as you don’t steal the database or do other things that are not allowed, you can create any system you want and competition.
That is what decentralised is. But, more importantly, when bitcoin was created, it was set with an IP to IP exchange. That meant individuals could directly exchange funds. It is not because it’s peer-to-peer, which is only true for the nodes in any event; it is because individuals can engage in trade as individuals.
Ironically, when a development group can change any rules for how the system works, the issuer who was always an individual or small group and is always by its very nature a centralised entity remains the individual in control of the centralised system. If you look at BTC or you look at Ethereum, these are merely share based systems that are controlled by a central group who wields power over the system.
there is no limited liabillity in "crypto"
CSW
Sep 4, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1630763418024700?thread_ts=1630763418.024700&cid=C5131HKFX
https://t.me/CSW_Slack/2966
Telegram
CSW - Slack Channel
CSW
Sep 4, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1630763418024700?thread_ts=1630763418.024700&cid=C5131HKFX
https://t.me/CSW_Slack/2966
Sep 4, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1630763418024700?thread_ts=1630763418.024700&cid=C5131HKFX
https://t.me/CSW_Slack/2966
The mining fee should be as low as 1 Sat
Miners should choose ALONE if they raise this.
Miners discussing this with other miners are colluding.
As low as a node finds to be profitable WITH a subsidised amount.
CSW
Sep 5, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1630832404039700
https://t.me/CSW_Slack/2968
Miners should choose ALONE if they raise this.
Miners discussing this with other miners are colluding.
As low as a node finds to be profitable WITH a subsidised amount.
CSW
Sep 5, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1630832404039700
https://t.me/CSW_Slack/2968
Telegram
CSW - Slack Channel
CSW
Sep 5, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1630832404039700
https://t.me/CSW_Slack/2968
Sep 5, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1630832404039700
https://t.me/CSW_Slack/2968
Today's reminder.
PoS is proof of Security
Facebook shares are more decentralised than any Cryptocurrency
But, a share is not a democracy
It is not one vote one person
PoS is 51% rule, and the ETH foundation hold more, and and print and sell
Take 60 %, print more, have 65%
Sell 5%, have 60%, rinse and repeat
PoS is simply rule by oligarchy
CSW
Sep 7, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1631008393140700?thread_ts=1631008393.140700&cid=C5131HKFX
https://t.me/CSW_Slack/2974
PoS is proof of Security
Facebook shares are more decentralised than any Cryptocurrency
But, a share is not a democracy
It is not one vote one person
PoS is 51% rule, and the ETH foundation hold more, and and print and sell
Take 60 %, print more, have 65%
Sell 5%, have 60%, rinse and repeat
PoS is simply rule by oligarchy
CSW
Sep 7, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1631008393140700?thread_ts=1631008393.140700&cid=C5131HKFX
https://t.me/CSW_Slack/2974
Telegram
CSW - Slack Channel
CSW
Sep 7, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1631008393140700?thread_ts=1631008393.140700&cid=C5131HKFX
https://t.me/CSW_Slack/2974
Sep 7, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1631008393140700?thread_ts=1631008393.140700&cid=C5131HKFX
https://t.me/CSW_Slack/2974
The 5 year goal is simple.
10 to the 10
10 billion tps
Costs lower than now
Miners will come.
Easier than what he is doing, not harder
10 million usd a block in fees, why...
0.0001 USD is cheaper than anything else, banking, visa, silicon Valley
At scale, it replaces everything
If they don't join, they become Ford's horses...
CSW
Sep 7, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1631025086160200?thread_ts=1631025086.160200&cid=C5131HKFX
https://t.me/CSW_Slack/2977
10 to the 10
10 billion tps
Costs lower than now
Miners will come.
Easier than what he is doing, not harder
10 million usd a block in fees, why...
0.0001 USD is cheaper than anything else, banking, visa, silicon Valley
At scale, it replaces everything
If they don't join, they become Ford's horses...
CSW
Sep 7, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1631025086160200?thread_ts=1631025086.160200&cid=C5131HKFX
https://t.me/CSW_Slack/2977
Telegram
CSW - Slack Channel
CSW
Sep 7, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1631025086160200?thread_ts=1631025086.160200&cid=C5131HKFX
https://t.me/CSW_Slack/2977
Sep 7, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1631025086160200?thread_ts=1631025086.160200&cid=C5131HKFX
https://t.me/CSW_Slack/2977
Just as we see all these groups starting to be put in their place for false claims and fraud.
My statement is simple.
Bitcoin has NO scale limits
Within 5 years, 10^10 tps
Fees could be less
Should be less
I know how to scale that far today.
We have a team of over 150 developers, shadders has the role of managing them. He does not have all of the skills necessary to do this himself.
The demand exists now
The system that is BTC ETH etc is too slow, too expensive
At scale, it will consume every other system.
Yes, the BTC airdrop was unexpected
Yes, I was distracted by the ATO and other issues that made things more difficult than it should have been.
But, now patents. Everything needed to do this will no longer be available for their free use. It will force one system and only one.
CSW
Sep 8, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1631122930344300?thread_ts=1631122930.344300&cid=C5131HKFX
https://t.me/CSW_Slack/2981
My statement is simple.
Bitcoin has NO scale limits
Within 5 years, 10^10 tps
Fees could be less
Should be less
I know how to scale that far today.
We have a team of over 150 developers, shadders has the role of managing them. He does not have all of the skills necessary to do this himself.
The demand exists now
The system that is BTC ETH etc is too slow, too expensive
At scale, it will consume every other system.
Yes, the BTC airdrop was unexpected
Yes, I was distracted by the ATO and other issues that made things more difficult than it should have been.
But, now patents. Everything needed to do this will no longer be available for their free use. It will force one system and only one.
CSW
Sep 8, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1631122930344300?thread_ts=1631122930.344300&cid=C5131HKFX
https://t.me/CSW_Slack/2981
Telegram
CSW - Slack Channel
CSW
Sep 8, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1631122930344300?thread_ts=1631122930.344300&cid=C5131HKFX
https://t.me/CSW_Slack/2981
Sep 8, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1631122930344300?thread_ts=1631122930.344300&cid=C5131HKFX
https://t.me/CSW_Slack/2981
My claim.
Bitcoin can do every transaction globally for every system.
Facebook
Google
Shitter
Cash
With less lag or latency
Replace EVERY dark pool
And cost less than any of them
And, if anyone can discredit my claim. I will give them a 100 million USD.
I can also have a site download a 100tb block in 10 seconds.
And, it is not a boast.
Ras pi need not apply
So. Screw the so called competition.
They are more impotent than a 80 year old post op lady boy.
And, my block references are based on a 1k tx size for data.
Think on that.
Consider this a unilateral contract, it is not a boast. It is not advertising. If you discredit me, it is real.
Feel free to let Shitter know
We should thank COPA for the global media platform where they will ensure that this is known globally
And Jack for being so VERY stupid to start this
I have created 3000+ patents - the funds are not an issue
CSW
Sep 9, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1631200191403800?thread_ts=1631200191.403800&cid=C5131HKFX
https://t.me/CSW_Slack/2984
Bitcoin can do every transaction globally for every system.
Shitter
Cash
With less lag or latency
Replace EVERY dark pool
And cost less than any of them
And, if anyone can discredit my claim. I will give them a 100 million USD.
I can also have a site download a 100tb block in 10 seconds.
And, it is not a boast.
Ras pi need not apply
So. Screw the so called competition.
They are more impotent than a 80 year old post op lady boy.
And, my block references are based on a 1k tx size for data.
Think on that.
Consider this a unilateral contract, it is not a boast. It is not advertising. If you discredit me, it is real.
Feel free to let Shitter know
We should thank COPA for the global media platform where they will ensure that this is known globally
And Jack for being so VERY stupid to start this
I have created 3000+ patents - the funds are not an issue
CSW
Sep 9, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1631200191403800?thread_ts=1631200191.403800&cid=C5131HKFX
https://t.me/CSW_Slack/2984
Telegram
CSW - Slack Channel
CSW
Sep 9, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1631200191403800?thread_ts=1631200191.403800&cid=C5131HKFX
https://t.me/CSW_Slack/2984
Sep 9, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1631200191403800?thread_ts=1631200191.403800&cid=C5131HKFX
https://t.me/CSW_Slack/2984