The most basic human right is the right to property.
This right is always taken by the collectivist, the communist.
In this, most have the most fundamental aspects of humanity taken away, that is without property, they lose hope.
Without property, there is no justice
Justice is not just law and legality, it is doing what is right.
we need religion ensures we are not enslaved to property, to allow us to understand the spiritual and to reject the purely materialistic
CSW
Feb 22, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645520325288609?thread_ts=1645520325.288609&cid=C5131HKFX
https://t.me/CSW_Slack/4043
This right is always taken by the collectivist, the communist.
In this, most have the most fundamental aspects of humanity taken away, that is without property, they lose hope.
Without property, there is no justice
Justice is not just law and legality, it is doing what is right.
we need religion ensures we are not enslaved to property, to allow us to understand the spiritual and to reject the purely materialistic
CSW
Feb 22, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645520325288609?thread_ts=1645520325.288609&cid=C5131HKFX
https://t.me/CSW_Slack/4043
Telegram
CSW - Slack Channel
CSW
Feb 22, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645520325288609?thread_ts=1645520325.288609&cid=C5131HKFX
https://t.me/CSW_Slack/4043
Feb 22, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645520325288609?thread_ts=1645520325.288609&cid=C5131HKFX
https://t.me/CSW_Slack/4043
👍2
Those who dropout want to teach you that education doesn't matter.
Those who are rich want to teach you that money is credit. Those running credit want to make sure that you don't use cash.
Lightning and the other systems built on top of BTC merely seek to replicate the existing structure. They merely want to become paid hubs that take a percentage of the money you transfer. They want to sit and watch and hold your money and charge you for that privilege.
With bitcoin, the system is cash.
The money that you hold doesn't have a charge upon it.
The money that you hold you own.
With lightning, the system charges you a percentage of every transaction. The system charges you to keep channels open.
Instead of cash, you are returned to a credit-based system that others control.
I slowly convert Universities
I have made progress in a few, Exeter, GCU, Liberty a few others.
CSW
Feb 22, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645531347323099?thread_ts=1645531347.323099&cid=C5131HKFX
https://t.me/CSW_Slack/4046
Those who are rich want to teach you that money is credit. Those running credit want to make sure that you don't use cash.
Lightning and the other systems built on top of BTC merely seek to replicate the existing structure. They merely want to become paid hubs that take a percentage of the money you transfer. They want to sit and watch and hold your money and charge you for that privilege.
With bitcoin, the system is cash.
The money that you hold doesn't have a charge upon it.
The money that you hold you own.
With lightning, the system charges you a percentage of every transaction. The system charges you to keep channels open.
Instead of cash, you are returned to a credit-based system that others control.
I slowly convert Universities
I have made progress in a few, Exeter, GCU, Liberty a few others.
CSW
Feb 22, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645531347323099?thread_ts=1645531347.323099&cid=C5131HKFX
https://t.me/CSW_Slack/4046
Telegram
CSW - Slack Channel
CSW
Feb 22, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645531347323099?thread_ts=1645531347.323099&cid=C5131HKFX
https://t.me/CSW_Slack/4046
Feb 22, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645531347323099?thread_ts=1645531347.323099&cid=C5131HKFX
https://t.me/CSW_Slack/4046
When you use the lightning network, each hop or know that you go through charges a percentage of the transaction.
So if you go through one node you pay 1%
If you go through three nodes you can pay 3%
If you go through 10 nodes... I guess you get the result?
So, if you think about $100 fee the lightning network will charge you one dollar for the transaction and more for keeping and maintaining the channel
@Bernhard Müller
Yes and this is a multilevel knapsack problem
This is NP complete and NP hard simultaneously
Yet, they believe they will solve it
unfortunately, most of them dropped out of university so have no fundamental notion of the theory behind computer science
Remember, being a developer or coder does not mean that you are a computer scientist
Whilst you are correct in noting that some of them did not drop out, I still find it amazing how little understanding that they have of problems with complexity
and how little respect they have for the difficulty of these problems
If you think about the cost structure and incentives it becomes clear
Use a star hub with one hop and pay 1%. So on a $100 transaction you pay one dollar plus the channel fee
If you have a larger hub connected to multiple other ones and you have five hops, then the total cost will be around 5% and you're paying five dollars on top of the hundred dollar you need to pay and that is significantly more than a single hop
Consequently, people are just going to use the individual centralised hubs and not care
The system forms into a star based network topography and mirrors the existing banking and credit system
some innovation
CSW
Feb 22, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645531802796999?thread_ts=1645531802.796999&cid=C5131HKFX
https://t.me/CSW_Slack/4049
So if you go through one node you pay 1%
If you go through three nodes you can pay 3%
If you go through 10 nodes... I guess you get the result?
So, if you think about $100 fee the lightning network will charge you one dollar for the transaction and more for keeping and maintaining the channel
@Bernhard Müller
Yes and this is a multilevel knapsack problem
This is NP complete and NP hard simultaneously
Yet, they believe they will solve it
unfortunately, most of them dropped out of university so have no fundamental notion of the theory behind computer science
Remember, being a developer or coder does not mean that you are a computer scientist
Whilst you are correct in noting that some of them did not drop out, I still find it amazing how little understanding that they have of problems with complexity
and how little respect they have for the difficulty of these problems
If you think about the cost structure and incentives it becomes clear
Use a star hub with one hop and pay 1%. So on a $100 transaction you pay one dollar plus the channel fee
If you have a larger hub connected to multiple other ones and you have five hops, then the total cost will be around 5% and you're paying five dollars on top of the hundred dollar you need to pay and that is significantly more than a single hop
Consequently, people are just going to use the individual centralised hubs and not care
The system forms into a star based network topography and mirrors the existing banking and credit system
some innovation
CSW
Feb 22, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645531802796999?thread_ts=1645531802.796999&cid=C5131HKFX
https://t.me/CSW_Slack/4049
Telegram
CSW - Slack Channel
CSW
Feb 22, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645531802796999?thread_ts=1645531802.796999&cid=C5131HKFX
https://t.me/CSW_Slack/4049
Feb 22, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645531802796999?thread_ts=1645531802.796999&cid=C5131HKFX
https://t.me/CSW_Slack/4049
A question
Where are "relay fees" mentioned in my White Paper?
Step one:
1) New transactions are broadcast to all nodes.
If a node gets a TX, it sends it.
If it has zero fees - it sends it
The node can choose to include a TX in a block or not if there are no fees
STOP trying to engineer markets - these ocur as an emergent state and all these collectivist BS ideas need to end
SImple statement.
I expect a race to the bottom as people keep stating - I will be pushing TAAL to have 50 sat fees by the end of the year and to move that lower next year. MAXIMUM
For a standard 1 in TX with one and change...
Data, will end as more, but that is for miners to FIGHT OUT
Note - TO FIGHT OUT, tooth and bone.
A race to as low as possible and utility rates
If this means 0.5% profit but 10 billion TPS - GOOD!
If you do not like competition, if you do not want lower fees and the consumer to benifit....
Leave.
BCH and BTC have places for people wanting to make and engineer controlled systems
Rubix cubes...
CSW
Feb 23, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645617735183039
https://t.me/CSW_Slack/4053
Where are "relay fees" mentioned in my White Paper?
Step one:
1) New transactions are broadcast to all nodes.
If a node gets a TX, it sends it.
If it has zero fees - it sends it
The node can choose to include a TX in a block or not if there are no fees
STOP trying to engineer markets - these ocur as an emergent state and all these collectivist BS ideas need to end
SImple statement.
I expect a race to the bottom as people keep stating - I will be pushing TAAL to have 50 sat fees by the end of the year and to move that lower next year. MAXIMUM
For a standard 1 in TX with one and change...
Data, will end as more, but that is for miners to FIGHT OUT
Note - TO FIGHT OUT, tooth and bone.
A race to as low as possible and utility rates
If this means 0.5% profit but 10 billion TPS - GOOD!
If you do not like competition, if you do not want lower fees and the consumer to benifit....
Leave.
BCH and BTC have places for people wanting to make and engineer controlled systems
Rubix cubes...
CSW
Feb 23, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645617735183039
https://t.me/CSW_Slack/4053
Telegram
CSW - Slack Channel
CSW
Feb 23, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645617735183039
https://t.me/CSW_Slack/4053
Feb 23, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645617735183039
https://t.me/CSW_Slack/4053
Let me explain something to everyone about bitcoin. The protocol is fixed. There is a unilateral contract that was set in 2009 when the product was released. That contract has no provision for change. Rather, it has a promise of stability. While some of the codes that are currently disabled will not be re-enabled anytime soon others will be. None of this will impact any existing transaction now all that may exist in the future. But, you have no guarantee or promise of when some of the other codes that are not currently used will be implemented and you shouldn’t be developing anything that is based on them.
The operation of nodes is very simply defined in overview in section 5 of my White Paper. This is not negotiable. It does not matter that you don’t like it. It does not matter if you think it can be optimised in a better way or improved. That is it. Simplicity is actually a good thing in complex systems.
There is no consensus on block cap. Honestly, I’m getting tired of this and it should be what can be handled by the majority of nodes. That is by computational power. If the size of the blocks is too large for a node, this is capitalism and that node goes out of business. If you want to run a rasberrypie go to BTC.
In time... It will be an INTERESTING year
I won't say more for the moment
Welcome to another day in Bitcoin
CSW
Feb 23, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645620494472599?thread_ts=1645620494.472599&cid=C5131HKFX
https://t.me/CSW_Slack/4055
The operation of nodes is very simply defined in overview in section 5 of my White Paper. This is not negotiable. It does not matter that you don’t like it. It does not matter if you think it can be optimised in a better way or improved. That is it. Simplicity is actually a good thing in complex systems.
There is no consensus on block cap. Honestly, I’m getting tired of this and it should be what can be handled by the majority of nodes. That is by computational power. If the size of the blocks is too large for a node, this is capitalism and that node goes out of business. If you want to run a rasberrypie go to BTC.
In time... It will be an INTERESTING year
I won't say more for the moment
Welcome to another day in Bitcoin
CSW
Feb 23, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645620494472599?thread_ts=1645620494.472599&cid=C5131HKFX
https://t.me/CSW_Slack/4055
Telegram
CSW - Slack Channel
CSW
Feb 23, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645620494472599?thread_ts=1645620494.472599&cid=C5131HKFX
https://t.me/CSW_Slack/4055
Feb 23, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645620494472599?thread_ts=1645620494.472599&cid=C5131HKFX
https://t.me/CSW_Slack/4055
Block size is not part of the protocol.
If 51% of the network started mining petabyte blocks tomorrow, then that will be the new norm. They don’t need to talk to other nodes. If other nodes can’t keep up, so what?
Bitcoin is not a community project. It is a project based on a set protocol that communities can form around. This is an important distinction to understand. Like TCP, the bitcoin protocol is set. That is the nature of a protocol. If you are constantly changing something that is not an effective protocol.
Despite all of the arguments about how you need to change things and that the Internet is dynamic, TCP and UDP have not changed in 40 years. That is a protocol.
But yes, I've been saying the same thing. I have also tried to give people leeway to much. I keep hearing about community and how people need to be involved but the reality is that that's not the case.
People need to be able to build on top of Bitcoin.
For that, they need to know that the protocol will both scale and be fixed for at least the next 200 years
by 200 years am not kidding
that is the minimum time that it needs to be fixed
consequently, though I have said these things many times I'm going to have to make sure that it is more than understood and get rid of any dissension
the protocol is fixed and I've explained that this means that any transaction you make today will work 100 years from now without alteration and that you can sign anything that you can possibly ever think of or do any other form of transaction puzzle that is unimaginable and if you can have at work today, it will work in 100 years from now without any change
next, nodes are defined in my white paper
that white paper is authoritative
if you don't agree, don't work on bitcoin
I hope people work on bitcoin, but honestly I'm not interested in protocol developers. Bitcoin has a protocol. That protocol doesn't need to be changed and even if it did it's not going to
need people who will develop simplified Apis and methods to access the network
and then we need people who will develop applications
those people should not care or at least should not need to care that it is bitcoin and as I've said many times it should be treated as plumbing
CSW
Feb 23, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645620891257759?thread_ts=1645620891.257759&cid=C5131HKFX
https://t.me/CSW_Slack/4058
If 51% of the network started mining petabyte blocks tomorrow, then that will be the new norm. They don’t need to talk to other nodes. If other nodes can’t keep up, so what?
Bitcoin is not a community project. It is a project based on a set protocol that communities can form around. This is an important distinction to understand. Like TCP, the bitcoin protocol is set. That is the nature of a protocol. If you are constantly changing something that is not an effective protocol.
Despite all of the arguments about how you need to change things and that the Internet is dynamic, TCP and UDP have not changed in 40 years. That is a protocol.
But yes, I've been saying the same thing. I have also tried to give people leeway to much. I keep hearing about community and how people need to be involved but the reality is that that's not the case.
People need to be able to build on top of Bitcoin.
For that, they need to know that the protocol will both scale and be fixed for at least the next 200 years
by 200 years am not kidding
that is the minimum time that it needs to be fixed
consequently, though I have said these things many times I'm going to have to make sure that it is more than understood and get rid of any dissension
the protocol is fixed and I've explained that this means that any transaction you make today will work 100 years from now without alteration and that you can sign anything that you can possibly ever think of or do any other form of transaction puzzle that is unimaginable and if you can have at work today, it will work in 100 years from now without any change
next, nodes are defined in my white paper
that white paper is authoritative
if you don't agree, don't work on bitcoin
I hope people work on bitcoin, but honestly I'm not interested in protocol developers. Bitcoin has a protocol. That protocol doesn't need to be changed and even if it did it's not going to
need people who will develop simplified Apis and methods to access the network
and then we need people who will develop applications
those people should not care or at least should not need to care that it is bitcoin and as I've said many times it should be treated as plumbing
CSW
Feb 23, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645620891257759?thread_ts=1645620891.257759&cid=C5131HKFX
https://t.me/CSW_Slack/4058
Telegram
CSW - Slack Channel
CSW
Feb 23, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645620891257759?thread_ts=1645620891.257759&cid=C5131HKFX
https://t.me/CSW_Slack/4058
Feb 23, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645620891257759?thread_ts=1645620891.257759&cid=C5131HKFX
https://t.me/CSW_Slack/4058
What I will state very simply and make sure that people understand is that bitcoin is a legal contract system. There is a unilateral contract that pays miners. Those miners or nodes are paid money to conduct a service. If they don’t do the service, if they attempt to change the protocol or operate outside of the legal boundaries or think that they can do things that are not within the protocol, they are liable for any damages in contract and tort.
Double spend protection is not technical. Like most aspects of Bitcoin, it is a technical constraint linked to an economic condition. In this, if a node, any node does not relay a single transaction and this ends in a double spend, that node is 100% liable for the direct loss and ALL costs. Without execption.
If a 100 millin USD transaction is made with ZERO fees and your node does not relay it, and ANY node connected to you fails to get this and sees a double spend, your node is liable for the loss. The recipient of the double spend and come to you and you will need to pay.
That is how relay fees work
If you have one, you have a HUGE liability
UNLIMITED
Liability
to save SMALL amounts of money
Basically, the entire concept of a relay fee is a stupid idea
And, any miner not forwarding EVERY TX is a dumb fuck who wants to be put out of business.
You do not need to mine a zero fee tx... YOU DO NEED TO FORWARD it as a miner
Not mining and puttin git in a block is separate to not forwarding
Nodes Relay
They are Paid for this - they have a subsidy
CSW
Feb 23, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645622968111309?thread_ts=1645622968.111309&cid=C5131HKFX
https://t.me/CSW_Slack/4060
Double spend protection is not technical. Like most aspects of Bitcoin, it is a technical constraint linked to an economic condition. In this, if a node, any node does not relay a single transaction and this ends in a double spend, that node is 100% liable for the direct loss and ALL costs. Without execption.
If a 100 millin USD transaction is made with ZERO fees and your node does not relay it, and ANY node connected to you fails to get this and sees a double spend, your node is liable for the loss. The recipient of the double spend and come to you and you will need to pay.
That is how relay fees work
If you have one, you have a HUGE liability
UNLIMITED
Liability
to save SMALL amounts of money
Basically, the entire concept of a relay fee is a stupid idea
And, any miner not forwarding EVERY TX is a dumb fuck who wants to be put out of business.
You do not need to mine a zero fee tx... YOU DO NEED TO FORWARD it as a miner
Not mining and puttin git in a block is separate to not forwarding
Nodes Relay
They are Paid for this - they have a subsidy
CSW
Feb 23, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645622968111309?thread_ts=1645622968.111309&cid=C5131HKFX
https://t.me/CSW_Slack/4060
Telegram
CSW - Slack Channel
CSW
Feb 23, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645622968111309?thread_ts=1645622968.111309&cid=C5131HKFX
https://t.me/CSW_Slack/4060
Feb 23, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645622968111309?thread_ts=1645622968.111309&cid=C5131HKFX
https://t.me/CSW_Slack/4060
There are 625,000,000 Sat in Subsidies.
That means, I am not paying miners to mine, I am SUBSIDISING Transactions.
That is a payment to nodes to accept zero fee or LOW fee TXs. It is NOT a payment to do nothing.
At 100 sat a TX, 6.25 Bitcoin a block is a PAYMENT for services, to have nodes include 6.25 million FREE TXs or 12.5 million TX at 50 SATS
If you are a miner, a node and you are taking the subsidy and you are NOT including a LOW of TXs, you are technically in a breach of contract.
Even at 500 SAT a tx, that means a lot of TXs need to be in a block FOR NOTHING
I do not think it should be NOTHING, I think it should be a lot lower
By lower, WAY WAY lower
A miner should be building knowing that fees will drop to 10 sat or lower.
And soon
By soon, 2 years
Or they should decide to forgoe the subsidy...
2140
CSW
Feb 23, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645624023048749?thread_ts=1645624023.048749&cid=C5131HKFX
https://t.me/CSW_Slack/4062
That means, I am not paying miners to mine, I am SUBSIDISING Transactions.
That is a payment to nodes to accept zero fee or LOW fee TXs. It is NOT a payment to do nothing.
At 100 sat a TX, 6.25 Bitcoin a block is a PAYMENT for services, to have nodes include 6.25 million FREE TXs or 12.5 million TX at 50 SATS
If you are a miner, a node and you are taking the subsidy and you are NOT including a LOW of TXs, you are technically in a breach of contract.
Even at 500 SAT a tx, that means a lot of TXs need to be in a block FOR NOTHING
I do not think it should be NOTHING, I think it should be a lot lower
By lower, WAY WAY lower
A miner should be building knowing that fees will drop to 10 sat or lower.
And soon
By soon, 2 years
Or they should decide to forgoe the subsidy...
2140
CSW
Feb 23, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645624023048749?thread_ts=1645624023.048749&cid=C5131HKFX
https://t.me/CSW_Slack/4062
Telegram
CSW - Slack Channel
CSW
Feb 23, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645624023048749?thread_ts=1645624023.048749&cid=C5131HKFX
https://t.me/CSW_Slack/4062
Feb 23, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645624023048749?thread_ts=1645624023.048749&cid=C5131HKFX
https://t.me/CSW_Slack/4062