The deal I discussed with Calvin Ayre in March to June 2015 was for an investment in my companies in Australia.
It was for an investment of 50 million USD for 50%.
There was one condition....
That I get rid of Ira Kleiman as a shareholder.
I offered Ira 12 million USD.
He turned me down, he wanted more.
No deal with Calvin happens.
I ended up with Rob.
Ncrypt
McGregor
CSW
Nov 4, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1636057472021500?thread_ts=1636057472.021500&cid=C5131HKFX
https://t.me/CSW_Slack/3322
It was for an investment of 50 million USD for 50%.
There was one condition....
That I get rid of Ira Kleiman as a shareholder.
I offered Ira 12 million USD.
He turned me down, he wanted more.
No deal with Calvin happens.
I ended up with Rob.
Ncrypt
McGregor
CSW
Nov 4, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1636057472021500?thread_ts=1636057472.021500&cid=C5131HKFX
https://t.me/CSW_Slack/3322
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CSW - Slack Channel
CSW
Nov 4, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1636057472021500?thread_ts=1636057472.021500&cid=C5131HKFX
https://t.me/CSW_Slack/3322
Nov 4, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1636057472021500?thread_ts=1636057472.021500&cid=C5131HKFX
https://t.me/CSW_Slack/3322
@Ron Procaius
Technically, you’re not mining at home.
Rather, you are part of a pool. The pool runs a node and you contract to sell computational hash power to that node. Unless you have a few hundred million dollars’ worth of hardware at home you are not mining.
Running a node involves every step in section 5 of the White Paper.
People tell you that you are mining, but unless you are creating blocks yourself and propagating them, ordering transactions, validating transactions simultaneously in the block you are creating and not merely taking a hash puzzle from a pool, it is not mining at all.
In effect, you are an outsourced electricity provider and lessor of equipment to a mining pool on a short-term basis. The thing people don’t seem to understand is that the validation and ordering and propagation functions are not outsourced at all and these remain in the pool.
Consequently, it is really just a funding mechanism for the pool node.
I know people don’t like to hear this, but the truth is that there cannot be that many nodes in bitcoin and when you’re talking about miners it is very limited.
I am glad, technically, you are supporting that Pool in aiding in the validation of transactions.
So.
Team Gorrilla
😎😂
CSW
Nov 5, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1636112223143600?thread_ts=1636112223.143600&cid=C5131HKFX
https://t.me/CSW_Slack/3326
Technically, you’re not mining at home.
Rather, you are part of a pool. The pool runs a node and you contract to sell computational hash power to that node. Unless you have a few hundred million dollars’ worth of hardware at home you are not mining.
Running a node involves every step in section 5 of the White Paper.
People tell you that you are mining, but unless you are creating blocks yourself and propagating them, ordering transactions, validating transactions simultaneously in the block you are creating and not merely taking a hash puzzle from a pool, it is not mining at all.
In effect, you are an outsourced electricity provider and lessor of equipment to a mining pool on a short-term basis. The thing people don’t seem to understand is that the validation and ordering and propagation functions are not outsourced at all and these remain in the pool.
Consequently, it is really just a funding mechanism for the pool node.
I know people don’t like to hear this, but the truth is that there cannot be that many nodes in bitcoin and when you’re talking about miners it is very limited.
I am glad, technically, you are supporting that Pool in aiding in the validation of transactions.
So.
Team Gorrilla
😎😂
CSW
Nov 5, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1636112223143600?thread_ts=1636112223.143600&cid=C5131HKFX
https://t.me/CSW_Slack/3326
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CSW - Slack Channel
CSW
Nov 5, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1636112223143600?thread_ts=1636112223.143600&cid=C5131HKFX
https://t.me/CSW_Slack/3326
Nov 5, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1636112223143600?thread_ts=1636112223.143600&cid=C5131HKFX
https://t.me/CSW_Slack/3326
Owner. Owned, ownership.
These words are noted over 20 times in my White paper.
Possession.... zero
Currency, once.
But, that relates to fiat. Not bitcoin.
CSW
Nov 5, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1636120301163800?thread_ts=1636120301.163800&cid=C5131HKFX
https://t.me/CSW_Slack/3328
These words are noted over 20 times in my White paper.
Possession.... zero
Currency, once.
But, that relates to fiat. Not bitcoin.
CSW
Nov 5, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1636120301163800?thread_ts=1636120301.163800&cid=C5131HKFX
https://t.me/CSW_Slack/3328
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CSW
Nov 5, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1636120301163800?thread_ts=1636120301.163800&cid=C5131HKFX
https://t.me/CSW_Slack/3328
Nov 5, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1636120301163800?thread_ts=1636120301.163800&cid=C5131HKFX
https://t.me/CSW_Slack/3328
Just a note. Bitcoin was designed to work and pay nodes over many years until at least 2140...
http://edelsteinlawoffice.com/florida-statute-of-frauds-contracts-that-must-be-in-writing-to-be-legally-valid/
And, I spend 2,200,000 on this in 2009 alone.
CSW
Nov 5, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1636121867166400?thread_ts=1636121867.166400&cid=C5131HKFX
https://t.me/CSW_Slack/3330
http://edelsteinlawoffice.com/florida-statute-of-frauds-contracts-that-must-be-in-writing-to-be-legally-valid/
And, I spend 2,200,000 on this in 2009 alone.
CSW
Nov 5, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1636121867166400?thread_ts=1636121867.166400&cid=C5131HKFX
https://t.me/CSW_Slack/3330
A DEX / DeFi liquidity pool is JUST a new way of saying -
Illegal coin mixer
The law of tracing exists.
If 10 of 100 coins are tainted and enter the DEX / "Illegal mixer", then all of the coins are now tainted
The people with 90 "honest coins" obtain 90% of their investment as the mixed coins are ALL tainted
So, if 10 people all add 10 coins and 10 are to be seized, all parties now have 9 coins of the 10 returned
To the person with tainted coins, this is good - it is a cost effective way to launder money
The coins are cleaned at the expense of the "honest" (rubes) owners who become money mules and lose their money invested.
A Dex, DeFi is a coin mixer, renamed. Nothing more, nothing less.
Just another already criminal aspect of all this
CSW
Nov 6, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1636210136286800?thread_ts=1636210136.286800&cid=C5131HKFX
https://t.me/CSW_Slack/3333
Illegal coin mixer
The law of tracing exists.
If 10 of 100 coins are tainted and enter the DEX / "Illegal mixer", then all of the coins are now tainted
The people with 90 "honest coins" obtain 90% of their investment as the mixed coins are ALL tainted
So, if 10 people all add 10 coins and 10 are to be seized, all parties now have 9 coins of the 10 returned
To the person with tainted coins, this is good - it is a cost effective way to launder money
The coins are cleaned at the expense of the "honest" (rubes) owners who become money mules and lose their money invested.
A Dex, DeFi is a coin mixer, renamed. Nothing more, nothing less.
Just another already criminal aspect of all this
CSW
Nov 6, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1636210136286800?thread_ts=1636210136.286800&cid=C5131HKFX
https://t.me/CSW_Slack/3333
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CSW - Slack Channel
CSW
Nov 6, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1636210136286800?thread_ts=1636210136.286800&cid=C5131HKFX
https://t.me/CSW_Slack/3333
Nov 6, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1636210136286800?thread_ts=1636210136.286800&cid=C5131HKFX
https://t.me/CSW_Slack/3333
The following is a nice simple explanation of correcting errors in double entry bookkeeping systems
https://www.patriotsoftware.com/blog/accounting/what-is-correcting-entries-journal-examples/
CSW
Nov 7, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1636292445359500?thread_ts=1636292445.359500&cid=C5131HKFX
https://t.me/CSW_Slack/3337
https://www.patriotsoftware.com/blog/accounting/what-is-correcting-entries-journal-examples/
CSW
Nov 7, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1636292445359500?thread_ts=1636292445.359500&cid=C5131HKFX
https://t.me/CSW_Slack/3337
While I am on the stand, and following before Amanda does my cross several days later, I shall not be answering questions about the case.
I shall discuss bitcoin, but I will not be communicating what I mean or other details of my testimony. You will need to await the conclusion of the case for that and read my transcript.
So, as a heads up, if you ask, I shall not answer.
CSW
Nov 7, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1636324085384500?thread_ts=1636324085.384500&cid=C5131HKFX
https://t.me/CSW_Slack/3338
I shall discuss bitcoin, but I will not be communicating what I mean or other details of my testimony. You will need to await the conclusion of the case for that and read my transcript.
So, as a heads up, if you ask, I shall not answer.
CSW
Nov 7, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1636324085384500?thread_ts=1636324085.384500&cid=C5131HKFX
https://t.me/CSW_Slack/3338
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CSW - Slack Channel
CSW
Nov 7, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1636324085384500?thread_ts=1636324085.384500&cid=C5131HKFX
https://t.me/CSW_Slack/3338
Nov 7, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1636324085384500?thread_ts=1636324085.384500&cid=C5131HKFX
https://t.me/CSW_Slack/3338
The bitcoin block header.
Proof of work has no relation to congestion. The introduction of a Merkle structure or binary tree structure means that the mining or proof of work function only must process a small header that at any time in any system would be less than 1 kB. The bitcoin block header is just the eighty-byte string. This in total combines:
a 4-byte long Bitcoin version number,
a 32-byte previous block hash,
a 32-byte long Merkle root (Binary tree hash),
a 4-byte long timestamp referencing the block,
4-byte long difficulty target attributed to the block, and
a 4-byte long nonce used by the nodes (miners).
Consequently, it doesn’t matter whether the block size is 1 MB and contains four transactions a second or rather that the block sizes 1 TB and contains millions of transactions every second of use. The mining process is exactly the same.
Equally, if you consider proof of stake, the number of transactions that need to be processed does not change the size of the blocks. To transact and send 1 million transaction still requires 1 million times the transaction size no matter whether you’re using proof of stake or proof of work. The argument against either of these is a non sequitur.
The simple answer is no matter what system, to validate transactions requires that you have a record of those transactions. The alternative that people talk about, layer 2 solutions is really adding a trusted intermediary. An example of a layer 2 solution that already exists and works well is Coinbase. This exchange has a traditional database that allocates amounts of bitcoin. Of course, this completely ignores the purpose of bitcoin.
The cost of mining one transaction is the same as the cost of mining 100 billion transactions from a proof of work perspective.
Miners work on the header.
They do not send the entire block to the PoW process. The validation can be parellelised.
CSW
Nov 8, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1636376625426000?thread_ts=1636376625.426000&cid=C5131HKFX
https://t.me/CSW_Slack/3340
Proof of work has no relation to congestion. The introduction of a Merkle structure or binary tree structure means that the mining or proof of work function only must process a small header that at any time in any system would be less than 1 kB. The bitcoin block header is just the eighty-byte string. This in total combines:
a 4-byte long Bitcoin version number,
a 32-byte previous block hash,
a 32-byte long Merkle root (Binary tree hash),
a 4-byte long timestamp referencing the block,
4-byte long difficulty target attributed to the block, and
a 4-byte long nonce used by the nodes (miners).
Consequently, it doesn’t matter whether the block size is 1 MB and contains four transactions a second or rather that the block sizes 1 TB and contains millions of transactions every second of use. The mining process is exactly the same.
Equally, if you consider proof of stake, the number of transactions that need to be processed does not change the size of the blocks. To transact and send 1 million transaction still requires 1 million times the transaction size no matter whether you’re using proof of stake or proof of work. The argument against either of these is a non sequitur.
The simple answer is no matter what system, to validate transactions requires that you have a record of those transactions. The alternative that people talk about, layer 2 solutions is really adding a trusted intermediary. An example of a layer 2 solution that already exists and works well is Coinbase. This exchange has a traditional database that allocates amounts of bitcoin. Of course, this completely ignores the purpose of bitcoin.
The cost of mining one transaction is the same as the cost of mining 100 billion transactions from a proof of work perspective.
Miners work on the header.
They do not send the entire block to the PoW process. The validation can be parellelised.
CSW
Nov 8, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1636376625426000?thread_ts=1636376625.426000&cid=C5131HKFX
https://t.me/CSW_Slack/3340
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CSW - Slack Channel
CSW
Nov 8, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1636376625426000?thread_ts=1636376625.426000&cid=C5131HKFX
https://t.me/CSW_Slack/3340
Nov 8, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1636376625426000?thread_ts=1636376625.426000&cid=C5131HKFX
https://t.me/CSW_Slack/3340