CSW
Feb 23, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645653180479619?thread_ts=1645653180.479619&cid=C5131HKFX

https://t.me/CSW_Slack/4071

CSW
Feb 23, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645653966721309?thread_ts=1645653966.721309&cid=C5131HKFX

https://t.me/CSW_Slack/4072

CSW
Feb 24, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645658128808039?thread_ts=1645658128.808039&cid=C5131HKFX

https://t.me/CSW_Slack/4073

BTC mining income at peak per block was 320,000 USD.

At scale... BSV on what I pledge is...

6 million USD a block

No. Not pumping price

This works at USD $1 a coin

Game over

Not selling it to speculators

To those serious and seeking to build

If, and I mean IF, you create a TX today and in a decade it fails because of a protocol change...

Hold me liable.

I will not fight it

Bitcoin is set in STONE

CSW
Feb 24, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645658128808039?thread_ts=1645658128.808039&cid=C5131HKFX

https://t.me/CSW_Slack/4073

Feb 24, 2022
https://u.today/eu-on-track-to-ban-bitcoin-report

https://metanet-icu.slack.com/archives/C5131HKFX/p1645658534807089?thread_ts=1645658534.807089&cid=C5131HKFX

CSW
Feb 24, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645708090251799?thread_ts=1645708090.251799&cid=C5131HKFX

https://t.me/CSW_Slack/4076

CSW
Feb 25, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645815066051229?thread_ts=1645815066.051229&cid=C5131HKFX

https://t.me/CSW_Slack/4077

There are two and only two meaningful metrics in the digital cash or digital asset systems that are being promoted.
1.          Volume (TPS)
2.          Transaction fees

Volume is critically important. The number of transactions per second is the underlying volume of the base system, not so-called layers, as layers by definition is inside the base, and lightning is a separate protocol from bitcoin.

Without access to send hundreds of thousands and millions of transactions per second, not on so-called secondary systems but natively on the Blockchain, there is no purpose, and secondly, the fees will be high.

By volume, the only metric here is to scale into what will eventually become billions of transactions a second. Anything less is meaningless.

Next, the fees are in part related to the ability to directly scale on-chain without so-called boondoggle projects such as lightning and all the artificial limits that others apply.

Transaction fees are the only metric that will achieve success at the end of the day, and this comes only through volume on-chain.

If the fees cannot be kept under one-hundredth of a cent per transaction and ideally under a thousandth of a cent, the system has no point. Bitcoin is a micropayment system. So the so-called BTC and Ethereum boondoggle attempt at anything else will fail.

The only, and I mean only, the purpose of bitcoin is high-volume at low fees. So if anyone tells you that anything above a fraction of a cent is low fees, they are lying and attempting to deceive you.

Bitcoin is a micropayment system, first and foremost.

Bitcoin doesn't replace banks. Instead, Bitcoin enables the unbanked to be part of the digital economy because it creates the first digital cash system. This is what people fear!

I would like a lower fee... in time

But, not speculation.... use

Miners will make more than BTC x1000

CSW
Feb 25, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645815066051229?thread_ts=1645815066.051229&cid=C5131HKFX

https://t.me/CSW_Slack/4077

CSW
Feb 25, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645820559099979?thread_ts=1645820559.099979&cid=C5131HKFX

https://t.me/CSW_Slack/4079

The entire argument is simple. They call me a fraud as I am scaling onchain. I am doing as I originally set and stated. They state this is the fraud, but in court, the claim falls apart. And, then we seek the start of criminal sanctions.

The only one scaling orchain is us.

The lie they promote is the one to try stop bitcoin, they know that it was always inchain. I stated this in 2008.

The claim of fraud is as I am the only one who is not a fraud

But, passing off and database rights leads to criminal sanctions as well

I don't want just money from COPA... every member will pay.

I want the criminal sanctions

Misrepresentation

And, COPA members could face RICO

CSW
Feb 25, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645820559099979?thread_ts=1645820559.099979&cid=C5131HKFX

https://t.me/CSW_Slack/4079

CSW
Feb 26, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645865459444349?thread_ts=1645865459.444349&cid=C5131HKFX

https://t.me/CSW_Slack/4081

Too many developers try and "fix" bitcoin. Things like the 'relay fee' are added to "fix" perceived problems.

Like "maleabillity"
The lie of "selfish mining"
Blocks being too big...

These are not issues to be 'fixed' on the node.

If there is a need, fix it at the wallet, it has nothing to do with the node software and if a double spend occurs, reject both. Not hard

People need to stop the code is law BULLSHIT

They need to stop trying to fix everything they are told is an issue

This is why I HATE agile programming

Development teams start moving the goal posts, extending the architecture

Simple works

CSW
Feb 26, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645865459444349?thread_ts=1645865459.444349&cid=C5131HKFX

https://t.me/CSW_Slack/4081

CSW
Feb 26, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645874451299889?thread_ts=1645874451.299889&cid=C5131HKFX

https://t.me/CSW_Slack/4083

I will make this very simple. Bitcoin nodes have a simple purpose and a simple protocol. I don’t want to hear about people trying to fix them. There is no issue with any of the problems that core have put up such as malleability, there have never been any real issues with the node software along these lines. The reality is simple, some people do not like bitcoin and have been trying to change it to break it.

If you think there’s a problem, solve in your wallet software. If there is a single fix that isn’t part of the original protocol it will be removed so I wouldn’t count on it. As I’ve stated, where transactions are already working they will not be changed. But when it comes to the node software, anything like malleability is just a red herring people make false stories about.

There have never been any issues with so-called attacks like selfish mining in bitcoin.
Not a single cent has ever been lost in bitcoin’s history through malleability. The only claims of that involve embezzlement and fraud and a false story made up by a conman in Japan to cover the money taken by this already convicted criminal.

Not a single cent will ever be lost through malleability in bitcoin.
Not a single cent will ever be lost through any of the so-called attacks that needed changes based on boondoggle projects that co wanted to implement into my system.
Basically, if you think you have a problem with the node software and mystical scenarios such as what occurs in the reason for adding relay fees… Stick your head up your ass and go away. Honestly, I really don’t want to hear about it. These I have nothing to do with real problems.

You know what the solution to so-called relay fee problems happens to be?

It is very simple. If you see a double spend… Don’t give the goods. Hold them and then send them back with the full relay fee at a later date. If the customer complains, who cares. Guess what, you should be reporting them to the authorities. Any instance of a double spend attempt is equivalent to a cheque fraud. These guys are criminals. If a criminal comes into a 7-11 and tries to pass off counterfeit bills, you don’t treat them as if they are a good customer because they’re not, they are a criminal.

CSW
Feb 26, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645874451299889?thread_ts=1645874451.299889&cid=C5131HKFX

https://t.me/CSW_Slack/4083

CSW
Feb 26, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645874977655109?thread_ts=1645874977.655109&cid=C5131HKFX

https://t.me/CSW_Slack/4085

If your client or customer does not sufficient levels of fees to ensure that the transaction is mined, then the issue is not needing to resend or anything like this. There should not be fee markets pushing up fees but rather the problem some people note of a race to the bottom is what we should be aiming for. We should be aiming for nodes to fight tooth and nail to push the fees down as low as is rationally viable. If that means getting fees down to one sat a megabyte in time and the average profit is 0.001%, good!

If somebody tells you about a race to the bottom… Ask them what the fuck they’re doing with bitcoin. Bitcoin is capitalist. It is not mercantilist. That means it is not about getting the optimal profit for the largest number of businesses but rather pushing the price down for the consumer!

CSW
Feb 26, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645874977655109?thread_ts=1645874977.655109&cid=C5131HKFX

https://t.me/CSW_Slack/4085

CSW
Feb 26, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645875168986649?thread_ts=1645875168.986649&cid=C5131HKFX

https://t.me/CSW_Slack/4087

It is very simple.

If you are building node software your job is to build a system that follows the protocol exactly. Not 99.9999999999999999999999999999999999999% - that is insufficient. 100%. No exceptions.

Your next requirement is to completely utterly ignore any Twitter troll telling you about things that they need fixed for their wallet because they are inadequate. This is the point, those developers on Twitter who cannot fix their wallet are inadequate. That’s their problem. If they cannot continue, competition will replace them. This is capitalism.

When those building applications failed to make a simple check that ensures the transaction they are receiving has not been seen on the network before, and by that I mean that every input transaction is completely unseen, and that the fees are at least the minimum amount… Then very simply that person can go out of business. I have no problem with this. In fact, it improves the ecosystem. They can either learn to be better developers or they can move on to something else. Don’t think that there’s any other way of looking at this. We want people in the system who can design something and not whine about changing it. If you mark up your web application because you failed to correctly encode the protocol specification, you don’t go to the various protocol specification bodies on the Internet including the IEEE, IETF, IESG and W3C and continue to bitch to them. You fix the application.

This is not a difficult concept. If you build the application and you don’t include all of the requirements, fix your application. Bitcoin does not change for you.

CSW
Feb 26, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645875168986649?thread_ts=1645875168.986649&cid=C5131HKFX

https://t.me/CSW_Slack/4087

CSW
Feb 27, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645964288594669?thread_ts=1645964288.594669&cid=C5131HKFX

https://t.me/CSW_Slack/4089

There are three key points that matter in regards to bitcoin.

Faster, more transactions, cheaper.

Bitcoin does not address political problems; no technology does. Politics is a function of human interaction. Those who try and tell you otherwise are deceiving you in some way. This might be through their ignorance or, more likely, because of the malevolent intent that started with the introduction of Silk Road.

My job going forward is very simple. That doesn’t mean that it’s not hard. My job is to steward my original protocol. That is a system that will not change. That is a system that will scale to billions of transactions per second. That is a system with transaction fees lower than a thousand of a US cent each.

Those who don’t believe in my vision of a low fee global payment system that scales on-chain are free to go off and create their own alternative. The distinction is that they cannot deceive people by passing off and telling others that this is still bitcoin. Bitcoin is a micropayment system first and foremost. It scales by large blocks.

During this year, those who call me a fraud because they want to hide the original purpose for which bitcoin was created and which I always argued, even going back to 2008, will find that the courts won’t support their deception. Instead, the original purpose of bitcoin will be seen.

I have absolutely no problem with honest competition. The problem is that there is very little honest competition. When I invent something, others expect to take my property without any recompense and not even acknowledge that they are taking. This is just Mr Maxwell, and it isn’t just Meta.

If you want to see a better world, don't think bitcoin is a system to aid oligarchs in money-laundering. Think of it as a system that will promote new opportunities because of the low transaction fees that can occur. Think of it as a system that will deliver electronic cash to the poorest people on earth. Those who can't afford even one cent fees.

I've made myself untouchable. If you bankrupt me, nothing happens. I keep leading and I keep building because nothing is in my name.

That is the purpose of the trust.

CSW
Feb 27, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645964288594669?thread_ts=1645964288.594669&cid=C5131HKFX

https://t.me/CSW_Slack/4089

CSW
Feb 27, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645965065858259?thread_ts=1645965065.858259&cid=C5131HKFX

https://t.me/CSW_Slack/4091