People don’t want what is going to happen in the crypto community because people want something that doesn’t exist in bitcoin. For example, several crypto-anarchists hate government and want a system that delivers code as law. Bitcoin was not designed for this and was designed to ensure that it doesn’t happen.
ThisWhen I discussed bitcoin as Satoshi and the 09/10 period, the distinction was that I was always discussing micropayments and a system where small amounts would be out of reach. In those discussions, recovery was always necessarily out of the reach of any reversal due to the cost of going to court.
A simple recovery action necessarily goes into the six figures. Of course, the proceeds of crime will be different, but nobody will seek recovery over a hundred dollars sale.
CSW
Oct 28, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1635418340010600?thread_ts=1635418340.010600&cid=C5131HKFX
https://t.me/CSW_Slack/3213
ThisWhen I discussed bitcoin as Satoshi and the 09/10 period, the distinction was that I was always discussing micropayments and a system where small amounts would be out of reach. In those discussions, recovery was always necessarily out of the reach of any reversal due to the cost of going to court.
A simple recovery action necessarily goes into the six figures. Of course, the proceeds of crime will be different, but nobody will seek recovery over a hundred dollars sale.
CSW
Oct 28, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1635418340010600?thread_ts=1635418340.010600&cid=C5131HKFX
https://t.me/CSW_Slack/3213
Telegram
CSW - Slack Channel
CSW
Oct 28, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1635418340010600?thread_ts=1635418340.010600&cid=C5131HKFX
https://t.me/CSW_Slack/3213
Oct 28, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1635418340010600?thread_ts=1635418340.010600&cid=C5131HKFX
https://t.me/CSW_Slack/3213
I have made no statements that Ira will win anything and he won't. If there is a negative finding even for a single coin it won't be to Ira it will be to W and K.
W and K is a Florida LLC. To appoint members, a member has to vote if one still exists. That is, the individuals controling the Australian companies (The inheritor of information defence Pty Ltd) or Lynn Wright needed to sign off on Ira becoming a member or it is provably a fraudulent action.
The documents presented by Ira to take control of W and K are falsified
Judges do not decide
It will be in a few days
CSW
Oct 28, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1635425470012500?thread_ts=1635425470.012500&cid=C5131HKFX
https://t.me/CSW_Slack/3215
W and K is a Florida LLC. To appoint members, a member has to vote if one still exists. That is, the individuals controling the Australian companies (The inheritor of information defence Pty Ltd) or Lynn Wright needed to sign off on Ira becoming a member or it is provably a fraudulent action.
The documents presented by Ira to take control of W and K are falsified
Judges do not decide
It will be in a few days
CSW
Oct 28, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1635425470012500?thread_ts=1635425470.012500&cid=C5131HKFX
https://t.me/CSW_Slack/3215
Telegram
CSW - Slack Channel
CSW
Oct 28, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1635425470012500?thread_ts=1635425470.012500&cid=C5131HKFX
https://t.me/CSW_Slack/3215
Oct 28, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1635425470012500?thread_ts=1635425470.012500&cid=C5131HKFX
https://t.me/CSW_Slack/3215
Note:
Completely non-reversible transactions are not really possible, since financial institutions cannot avoid mediating disputes.
Bitcoin and my Whitepaper does not say that a transaction cannot be reversed.
It discusses the economic effect and notes that there are limits
BitCoin changes the way this works and allows small TXs to be made - and large ones to be reversed/recovered.
There is no mediation of a USD 1.00 TX as the costs to do this fall on the person making the claim.
So, Bitcoin does not stop reversal - it makes small payments possible.
Bitcoin does not stop fraud.
A certain percentage of fraud is accepted as unavoidable.
Bitcoin makes fraud more expensive.
Criminal Specialization as a Corollary of Rational Choice.
11 Pages
Craig S Wright
nChain; University of Southern Queensland - University of Southern Queensland, Students; Leicester Law School
Date Written: May 28, 2010
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3461064
Criminals act based on profit
CSW
Oct 28, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1635430084015700?thread_ts=1635430084.015700&cid=C5131HKFX
https://t.me/CSW_Slack/3217
Completely non-reversible transactions are not really possible, since financial institutions cannot avoid mediating disputes.
Bitcoin and my Whitepaper does not say that a transaction cannot be reversed.
It discusses the economic effect and notes that there are limits
BitCoin changes the way this works and allows small TXs to be made - and large ones to be reversed/recovered.
There is no mediation of a USD 1.00 TX as the costs to do this fall on the person making the claim.
So, Bitcoin does not stop reversal - it makes small payments possible.
Bitcoin does not stop fraud.
A certain percentage of fraud is accepted as unavoidable.
Bitcoin makes fraud more expensive.
Criminal Specialization as a Corollary of Rational Choice.
11 Pages
Craig S Wright
nChain; University of Southern Queensland - University of Southern Queensland, Students; Leicester Law School
Date Written: May 28, 2010
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3461064
Criminals act based on profit
CSW
Oct 28, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1635430084015700?thread_ts=1635430084.015700&cid=C5131HKFX
https://t.me/CSW_Slack/3217
Ssrn
Criminal Specialization as a Corollary of Rational Choice
Organized criminal groups can be modeled using rational choice theory. Criminal groups act as profit seeking enterprises, and the ability to shift the economic
AML / KYC covers funding - so Bitcoin was ALWAYS included. Watches, gold, grain, oil all count as a means to fund an exchange.
So, there are and always were limits on pseudonomy in bitcoin and other digital cash systems.
These costs and payment uncertainties can be avoided in person by using physical currency, but no mechanism exists to make payments over a communications channel without a trusted party.
This never applied to a transaction over 2000 USD
The $3000 USD rule is more strict.
For a summary
https://www.ceauthority.com/StudyGuideContent/FAQS/AML%20glossary_0205.pdf
So, once 10,000 is hit... boom
So, bitcoin is not about LARGE exchanges - these require a full KYC verification.
These always did and always shall.
All exchanges (aka bucket shops in "crypto") are dealers.
I told the ATO and other Australian government orgainisations about Bitcoin as there is a legal requirement to tell governments of ANY assets over 10,000 held overseas.
CSW
Oct 28, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1635430940019300?thread_ts=1635430940.019300&cid=C5131HKFX
https://t.me/CSW_Slack/3219
So, there are and always were limits on pseudonomy in bitcoin and other digital cash systems.
These costs and payment uncertainties can be avoided in person by using physical currency, but no mechanism exists to make payments over a communications channel without a trusted party.
This never applied to a transaction over 2000 USD
The $3000 USD rule is more strict.
For a summary
https://www.ceauthority.com/StudyGuideContent/FAQS/AML%20glossary_0205.pdf
So, once 10,000 is hit... boom
So, bitcoin is not about LARGE exchanges - these require a full KYC verification.
These always did and always shall.
All exchanges (aka bucket shops in "crypto") are dealers.
I told the ATO and other Australian government orgainisations about Bitcoin as there is a legal requirement to tell governments of ANY assets over 10,000 held overseas.
CSW
Oct 28, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1635430940019300?thread_ts=1635430940.019300&cid=C5131HKFX
https://t.me/CSW_Slack/3219
The DeFi idea of no physical location is well known and has a long legal history.
The DeFi idea of no physical location is well known and has a long legal history.
This is called a Shell Bank.
The USA PATRIOT Act includes specific provisions designed to limit the use of correspondent accounts for money laundering activity. These provisions are contained in sections 312, 313 and 319(b) and involve limitations on shell bank relationships as well as enhanced due diligence and record keeping requirements.
On 2002-11-28, final regulations (31 CFR 103.177 and 103.185) implementing section 313 and 319(b) of the US Patriot Act became effective. The regulations implement provisions of the BSA (Bank Secrecy Act) that relate to foreign corresponded accounts.
https://www.fdic.gov/resources/bankers/bank-secrecy-act/
CSW
Oct 28, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1635431347022000?thread_ts=1635431347.022000&cid=C5131HKFX
https://t.me/CSW_Slack/3221
The DeFi idea of no physical location is well known and has a long legal history.
This is called a Shell Bank.
The USA PATRIOT Act includes specific provisions designed to limit the use of correspondent accounts for money laundering activity. These provisions are contained in sections 312, 313 and 319(b) and involve limitations on shell bank relationships as well as enhanced due diligence and record keeping requirements.
On 2002-11-28, final regulations (31 CFR 103.177 and 103.185) implementing section 313 and 319(b) of the US Patriot Act became effective. The regulations implement provisions of the BSA (Bank Secrecy Act) that relate to foreign corresponded accounts.
https://www.fdic.gov/resources/bankers/bank-secrecy-act/
CSW
Oct 28, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1635431347022000?thread_ts=1635431347.022000&cid=C5131HKFX
https://t.me/CSW_Slack/3221
www.fdic.gov
Bank Secrecy Act / Anti-Money Laundering (BSA/AML) | FDIC.gov
BSA is the common name for a series of laws and regulations enacted in the United States to combat money laundering and the financing of terrorism
The thing people are missing in the case.
Bitcoin are property. The coins in dispute are Satoshi's coins. The only way properety rights esist is tied to an identity - courts are not about possession.
If Satoshi was not me, then there was four years for this to be found.
This case is solely about the identity of Satoshi
No Satoshi Identity, no ownership.
CSW
Oct 28, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1635456409038100?thread_ts=1635456409.038100&cid=C5131HKFX
https://t.me/CSW_Slack/3223
Bitcoin are property. The coins in dispute are Satoshi's coins. The only way properety rights esist is tied to an identity - courts are not about possession.
If Satoshi was not me, then there was four years for this to be found.
This case is solely about the identity of Satoshi
No Satoshi Identity, no ownership.
CSW
Oct 28, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1635456409038100?thread_ts=1635456409.038100&cid=C5131HKFX
https://t.me/CSW_Slack/3223
Telegram
CSW - Slack Channel
CSW
Oct 28, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1635456409038100?thread_ts=1635456409.038100&cid=C5131HKFX
https://t.me/CSW_Slack/3223
Oct 28, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1635456409038100?thread_ts=1635456409.038100&cid=C5131HKFX
https://t.me/CSW_Slack/3223
The joke is people thinking 5 years is short
I said soon, soon is under a decade
Don't like it, meh
CSW
Oct 29, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1635477564069500?thread_ts=1635477564.069500&cid=C5131HKFX
https://t.me/CSW_Slack/3225
I said soon, soon is under a decade
Don't like it, meh
CSW
Oct 29, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1635477564069500?thread_ts=1635477564.069500&cid=C5131HKFX
https://t.me/CSW_Slack/3225
Telegram
CSW - Slack Channel
CSW
Oct 29, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1635477564069500?thread_ts=1635477564.069500&cid=C5131HKFX
https://t.me/CSW_Slack/3225
Oct 29, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1635477564069500?thread_ts=1635477564.069500&cid=C5131HKFX
https://t.me/CSW_Slack/3225
The question is why do you expect that I will save you? I do what is my interest. You may like that, but you need to save yourself.
I am not here for you. I am here for me.
I build as it suits me, not as I have an obligation to you, not that I owe you.
I create, I build for me.
Others gain in that. I profit when others gain.
It is that I need to create wealth, not win a zero sum game that matters.
In a arbitrage trade, there is no profit, one loses when another gains, it is zero sum.
Profit works both ways, both parties are better off.
If only one wins, and the other loses, it is a net zero or negative transaction. It is a net loss, as all exchanges require time and time is valuable.
So, profit only is created when wealth is created.
Profit is win win. There is no zero sum path to Profit. There is redistribution. The "crypto" industry is all about swaps, redistribution. Here, one wins, one loses and the house takes the cream.
CSW
Ovcr 29, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1635509358102400?thread_ts=1635509358.102400&cid=C5131HKFX
https://t.me/CSW_Slack/3227
I am not here for you. I am here for me.
I build as it suits me, not as I have an obligation to you, not that I owe you.
I create, I build for me.
Others gain in that. I profit when others gain.
It is that I need to create wealth, not win a zero sum game that matters.
In a arbitrage trade, there is no profit, one loses when another gains, it is zero sum.
Profit works both ways, both parties are better off.
If only one wins, and the other loses, it is a net zero or negative transaction. It is a net loss, as all exchanges require time and time is valuable.
So, profit only is created when wealth is created.
Profit is win win. There is no zero sum path to Profit. There is redistribution. The "crypto" industry is all about swaps, redistribution. Here, one wins, one loses and the house takes the cream.
CSW
Ovcr 29, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1635509358102400?thread_ts=1635509358.102400&cid=C5131HKFX
https://t.me/CSW_Slack/3227
Telegram
CSW - Slack Channel
CSW
Ovcr 29, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1635509358102400?thread_ts=1635509358.102400&cid=C5131HKFX
https://t.me/CSW_Slack/3227
Ovcr 29, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1635509358102400?thread_ts=1635509358.102400&cid=C5131HKFX
https://t.me/CSW_Slack/3227
Passing off occurs deliberately or unintentionally when an individual or group attempts to provide goods or services as if they are something else and the right doesn’t belong to them. It is a form of misrepresentation.
It is a form of deception. To claim that BTC is bitcoin involves many parties, but all those parties, including Blockstream, Core and even bucket shops like Coinbase, are complicit in such an action. Changing bitcoin and the fork into something else is possible under MIT licensing from a new Genesis block, but this does not give any rights to call it bitcoin.
The issue of database rights is a separate component and applies to the deception made by those promoting BTC. All of this is about property rights. It does not matter how many people vote to say something is different. Bitcoin was never a community project. It was my project and my protocol that people could have used to create value. By building upon my protocol, I provided the means to create a digital cash system and a token system that would provide many opportunities for many people, and I did this freely.
When I offer something, the terms I offer them remain the terms that bind the offer.
Passing off as a form of deception and also unfair competition. When I created bitcoin, I specifically noted that the protocol would not change. That precludes introducing SegWit, creating systems like lightning, using changes to the OPCodes that significantly vary how the system works and then passing it off as if that was my original protocol.
The deception is not only by Core. Individuals in companies like Coinbase are essential in making a deception of this type work. The concept that has been produced would not have worked without the promotion and payments by these individuals.
And no, passing off does not require intention
Goodwill and the value of an asset are difficult in many cases to determine. Still, due to the nature of Bitcoin, BTC and the other related copies that forked from bitcoin such as BCH, it becomes very simple to determine.
The entire market value has been skewed. Very simply, determining the entire market value is a difference becomes the range of damages. The distribution of damages between parties is then distributed. In the case of something like Coinbase would likely end up exceeding the value of their entire company on the market.
Just because a lot of people have been involved in deception is completely irrelevant. The BTC deception will lead to a large-scale problem for them.
The three essential elements for passing off are:
1- goodwill of the claimant
2- misrepresentation by the defendant which causes or is likely to cause deception, and
3- damage arising from the erroneous belief engendered by the defendant’s misrepresentation.
CSW
Oct 29, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1635515371113200?thread_ts=1635515371.113200&cid=C5131HKFX
https://t.me/CSW_Slack/3230
It is a form of deception. To claim that BTC is bitcoin involves many parties, but all those parties, including Blockstream, Core and even bucket shops like Coinbase, are complicit in such an action. Changing bitcoin and the fork into something else is possible under MIT licensing from a new Genesis block, but this does not give any rights to call it bitcoin.
The issue of database rights is a separate component and applies to the deception made by those promoting BTC. All of this is about property rights. It does not matter how many people vote to say something is different. Bitcoin was never a community project. It was my project and my protocol that people could have used to create value. By building upon my protocol, I provided the means to create a digital cash system and a token system that would provide many opportunities for many people, and I did this freely.
When I offer something, the terms I offer them remain the terms that bind the offer.
Passing off as a form of deception and also unfair competition. When I created bitcoin, I specifically noted that the protocol would not change. That precludes introducing SegWit, creating systems like lightning, using changes to the OPCodes that significantly vary how the system works and then passing it off as if that was my original protocol.
The deception is not only by Core. Individuals in companies like Coinbase are essential in making a deception of this type work. The concept that has been produced would not have worked without the promotion and payments by these individuals.
And no, passing off does not require intention
Goodwill and the value of an asset are difficult in many cases to determine. Still, due to the nature of Bitcoin, BTC and the other related copies that forked from bitcoin such as BCH, it becomes very simple to determine.
The entire market value has been skewed. Very simply, determining the entire market value is a difference becomes the range of damages. The distribution of damages between parties is then distributed. In the case of something like Coinbase would likely end up exceeding the value of their entire company on the market.
Just because a lot of people have been involved in deception is completely irrelevant. The BTC deception will lead to a large-scale problem for them.
The three essential elements for passing off are:
1- goodwill of the claimant
2- misrepresentation by the defendant which causes or is likely to cause deception, and
3- damage arising from the erroneous belief engendered by the defendant’s misrepresentation.
CSW
Oct 29, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1635515371113200?thread_ts=1635515371.113200&cid=C5131HKFX
https://t.me/CSW_Slack/3230
Telegram
CSW - Slack Channel
CSW
Oct 29, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1635515371113200?thread_ts=1635515371.113200&cid=C5131HKFX
https://t.me/CSW_Slack/3230
Oct 29, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1635515371113200?thread_ts=1635515371.113200&cid=C5131HKFX
https://t.me/CSW_Slack/3230