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
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
Telegram
CSW - Slack Channel
CSW
Feb 25, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645820559099979?thread_ts=1645820559.099979&cid=C5131HKFX
https://t.me/CSW_Slack/4079
Feb 25, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645820559099979?thread_ts=1645820559.099979&cid=C5131HKFX
https://t.me/CSW_Slack/4079
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
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
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CSW - Slack Channel
CSW
Feb 26, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645865459444349?thread_ts=1645865459.444349&cid=C5131HKFX
https://t.me/CSW_Slack/4081
Feb 26, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645865459444349?thread_ts=1645865459.444349&cid=C5131HKFX
https://t.me/CSW_Slack/4081
👍1
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
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
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CSW - Slack Channel
CSW
Feb 26, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645874451299889?thread_ts=1645874451.299889&cid=C5131HKFX
https://t.me/CSW_Slack/4083
Feb 26, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645874451299889?thread_ts=1645874451.299889&cid=C5131HKFX
https://t.me/CSW_Slack/4083
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
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
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CSW - Slack Channel
CSW
Feb 26, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645874977655109?thread_ts=1645874977.655109&cid=C5131HKFX
https://t.me/CSW_Slack/4085
Feb 26, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645874977655109?thread_ts=1645874977.655109&cid=C5131HKFX
https://t.me/CSW_Slack/4085
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
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
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CSW - Slack Channel
CSW
Feb 26, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645875168986649?thread_ts=1645875168.986649&cid=C5131HKFX
https://t.me/CSW_Slack/4087
Feb 26, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645875168986649?thread_ts=1645875168.986649&cid=C5131HKFX
https://t.me/CSW_Slack/4087
👍1
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
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
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CSW - Slack Channel
CSW
Feb 27, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645964288594669?thread_ts=1645964288.594669&cid=C5131HKFX
https://t.me/CSW_Slack/4089
Feb 27, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645964288594669?thread_ts=1645964288.594669&cid=C5131HKFX
https://t.me/CSW_Slack/4089
My vision towards (year) 2030 is simple.
- More than 1 billion transactions per second.
- Fees of under one 1,000th of a cent
- A complex scripting language that allows developers to build anything!
Bitcoin does not bank the unbanked. It comes them digital cash. It doesn't give them home loans. It doesn't give them credit cards. Banks don't do cash. The poor don't need banks, they need digital cash with low fees.
I'm not interested in making bitcoin into a “censorship resistant platform”. That was never my vision for bitcoin and came about because of the electronic Frontier foundation. My vision for bitcoin is for a system that allows the normal people of the earth, the poor to send money. It is not a system that allows the rich to hide money.
BTC have created a system that allows for a monetary mixing. It allows oligarchs and crime lords to hide and move money and even this is not effective because of the tracing I built-in. But they are trying to change it. Bitcoin does not change. Bitcoin is set in stone.
The protocol I built will remain the protocol I built. In the year 2100, a transaction on bitcoin that you can create today will still be valid. This is not something that will occur on any other platform. BTC changes nearly weekly. Ethereum changes all the time. Bitcoin doesn't. Bitcoin won't. What bitcoin will do is scale and become cheaper.
I have no interest in people who speculate on bitcoin and care mostly about price. The only price I really care about is the transaction fee. And that is far too high. Right now, the transaction fee is tens to hundreds of times higher than it needs to be. That's going to change.
People keep telling me others will flood the network.
GOOD!
I want people to flood the network. I want everybody who can send any transaction to send it. This is why we have transaction fees. There is no such thing as spam on bitcoin. If you want to send any transaction, if you want to send one the Satoshi, it is your bloody right!
I will say this again. If you want to send one Satoshi… It is your right! It is not spam. There is no spam on bitcoin. I welcome people sending lots of stupid small transactions just because they can. That is the purpose of bitcoin. Don't like that, find something else I don't care. What I'm going to do is build a system that handles any volume.
Not to democratise finance. To open up digital cash to everyone no matter how poor they are.
If you want to build Ethereum and use bitcoin as the consensus mechanism, good I won't stop you. If you want to build a different system on top of bitcoin… One that uses high volumes of bitcoin transactions for nearly nothing… Good I won't stop you.
I'm not here to speculate. I'm not here to gamble on price. I'm here to do one thing.
Make it cheaper to send transactions
the reality here of course is that I wanted way earlier than that (2030)
CSW
Feb 27, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645965065858259?thread_ts=1645965065.858259&cid=C5131HKFX
https://t.me/CSW_Slack/4091
- More than 1 billion transactions per second.
- Fees of under one 1,000th of a cent
- A complex scripting language that allows developers to build anything!
Bitcoin does not bank the unbanked. It comes them digital cash. It doesn't give them home loans. It doesn't give them credit cards. Banks don't do cash. The poor don't need banks, they need digital cash with low fees.
I'm not interested in making bitcoin into a “censorship resistant platform”. That was never my vision for bitcoin and came about because of the electronic Frontier foundation. My vision for bitcoin is for a system that allows the normal people of the earth, the poor to send money. It is not a system that allows the rich to hide money.
BTC have created a system that allows for a monetary mixing. It allows oligarchs and crime lords to hide and move money and even this is not effective because of the tracing I built-in. But they are trying to change it. Bitcoin does not change. Bitcoin is set in stone.
The protocol I built will remain the protocol I built. In the year 2100, a transaction on bitcoin that you can create today will still be valid. This is not something that will occur on any other platform. BTC changes nearly weekly. Ethereum changes all the time. Bitcoin doesn't. Bitcoin won't. What bitcoin will do is scale and become cheaper.
I have no interest in people who speculate on bitcoin and care mostly about price. The only price I really care about is the transaction fee. And that is far too high. Right now, the transaction fee is tens to hundreds of times higher than it needs to be. That's going to change.
People keep telling me others will flood the network.
GOOD!
I want people to flood the network. I want everybody who can send any transaction to send it. This is why we have transaction fees. There is no such thing as spam on bitcoin. If you want to send any transaction, if you want to send one the Satoshi, it is your bloody right!
I will say this again. If you want to send one Satoshi… It is your right! It is not spam. There is no spam on bitcoin. I welcome people sending lots of stupid small transactions just because they can. That is the purpose of bitcoin. Don't like that, find something else I don't care. What I'm going to do is build a system that handles any volume.
Not to democratise finance. To open up digital cash to everyone no matter how poor they are.
If you want to build Ethereum and use bitcoin as the consensus mechanism, good I won't stop you. If you want to build a different system on top of bitcoin… One that uses high volumes of bitcoin transactions for nearly nothing… Good I won't stop you.
I'm not here to speculate. I'm not here to gamble on price. I'm here to do one thing.
Make it cheaper to send transactions
the reality here of course is that I wanted way earlier than that (2030)
CSW
Feb 27, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645965065858259?thread_ts=1645965065.858259&cid=C5131HKFX
https://t.me/CSW_Slack/4091
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CSW - Slack Channel
CSW
Feb 27, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645965065858259?thread_ts=1645965065.858259&cid=C5131HKFX
https://t.me/CSW_Slack/4091
Feb 27, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645965065858259?thread_ts=1645965065.858259&cid=C5131HKFX
https://t.me/CSW_Slack/4091
❤1
I don't want to hear about the markets any more. I especially don't want to hear about the markets from people who don't have a PhD in economics and quantitative finance.
I don't want engineers and computer scientist telling me why my financial calculations are wrong. Quite frankly, not your money not your problem...
The issue to be solved in bitcoin is not how do we build a free market
the issue to be solved is how do we scale to over 1 billion transactions a second
the constraint on that is to ensure that the average fee price for a standard type transaction is under 1000th of a cent
I will say that again the constraint to be complied with is to ensure that fees for standard transactions remain under 1000th of a cent
let me make this absolutely clear...
The fee for a bitcoin transaction should be under 1000th of a cent
more complex transactions will go far more
data storage will go far more
if you want to tell me about the problems with this... go away
the average size of a bitcoin transaction is 250 bytes
the average processing time right now is thousands of times too large because were over engineering everything
not having the base fee set at once that by default
having a dust limit still - not having a one sat requirement
relay fees in any way possible
just the mere mention of relay fees and fee market
thinking about communities of miners
miners are commercial entities who compete... Not our job to fix what they are doing but rather we should be setting a default super low fee that they have to increase
by the end of this year I don't want to see a single version of the node software released the doesn't have a default of one sat per transaction no matter what the hell the transaction is
if a miner wants to change that, that's the miners right
and then they compete
then they lose out on anything that is not set low enough
every time people talk about a race to the bottom and other Communist Stalinist bullshit
markets are emergent
I'm tired of people trying to engineer markets... People who try and tell me that there libertarian... People who don't understand that engineering markets is a typically Stalinist bullshit move
if you're an engineer, you have as far as the node software is concerned zero input into price
if you want input into price, become an accountant or a financial advisor
otherwise, follow the policies you're given
if you don't like that, we have BTC and Ethereum
CSW
Feb 27, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645969339321529?thread_ts=1645969339.321529&cid=C5131HKFX
https://t.me/CSW_Slack/4093
I don't want engineers and computer scientist telling me why my financial calculations are wrong. Quite frankly, not your money not your problem...
The issue to be solved in bitcoin is not how do we build a free market
the issue to be solved is how do we scale to over 1 billion transactions a second
the constraint on that is to ensure that the average fee price for a standard type transaction is under 1000th of a cent
I will say that again the constraint to be complied with is to ensure that fees for standard transactions remain under 1000th of a cent
let me make this absolutely clear...
The fee for a bitcoin transaction should be under 1000th of a cent
more complex transactions will go far more
data storage will go far more
if you want to tell me about the problems with this... go away
the average size of a bitcoin transaction is 250 bytes
the average processing time right now is thousands of times too large because were over engineering everything
not having the base fee set at once that by default
having a dust limit still - not having a one sat requirement
relay fees in any way possible
just the mere mention of relay fees and fee market
thinking about communities of miners
miners are commercial entities who compete... Not our job to fix what they are doing but rather we should be setting a default super low fee that they have to increase
by the end of this year I don't want to see a single version of the node software released the doesn't have a default of one sat per transaction no matter what the hell the transaction is
if a miner wants to change that, that's the miners right
and then they compete
then they lose out on anything that is not set low enough
every time people talk about a race to the bottom and other Communist Stalinist bullshit
markets are emergent
I'm tired of people trying to engineer markets... People who try and tell me that there libertarian... People who don't understand that engineering markets is a typically Stalinist bullshit move
if you're an engineer, you have as far as the node software is concerned zero input into price
if you want input into price, become an accountant or a financial advisor
otherwise, follow the policies you're given
if you don't like that, we have BTC and Ethereum
CSW
Feb 27, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645969339321529?thread_ts=1645969339.321529&cid=C5131HKFX
https://t.me/CSW_Slack/4093
Telegram
CSW - Slack Channel
CSW
Feb 27, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645969339321529?thread_ts=1645969339.321529&cid=C5131HKFX
https://t.me/CSW_Slack/4093
Feb 27, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645969339321529?thread_ts=1645969339.321529&cid=C5131HKFX
https://t.me/CSW_Slack/4093
👍3
The only pledge I'm going to make concerning price of bitcoin is that by the end of this year I want to see the average transaction fee for a standard 250 byte transaction under 0.001 US cents a TX.
I'm not going to pledge coin price. I'm not going to fuel the speculators.
I'm going to push every single bit of development towards handling as much volume as we can get no matter what the hell it is in a system that follows all of the legal requirements and achieves transaction processing on an immutable database satisfying all of the SOX 302/404 accounting requirements under the US while still being under 0.001 US cents a TX
BTC don't want people who earn under two dollars a day.
I do
USD $ 0.00 , 001
That is the fee that should be considered normal
that is the fee for a standard 250 byte transaction
that is what people should be considering as a required payment when they exchange USD $0.001 for some good or service
and at scale, that has the potential to make more profit and earn more money in a single daythan every single dollar exchanged over BTC and Ethereum aand every shitcoinhas made in its entire history
some are and some are higher than we need to make sure that we have people understand thatt this is going to happen even as we scale
even as the coin price fluctuates
CSW
Feb 27, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645972473008249?thread_ts=1645972473.008249&cid=C5131HKFX
https://t.me/CSW_Slack/4095
I'm not going to pledge coin price. I'm not going to fuel the speculators.
I'm going to push every single bit of development towards handling as much volume as we can get no matter what the hell it is in a system that follows all of the legal requirements and achieves transaction processing on an immutable database satisfying all of the SOX 302/404 accounting requirements under the US while still being under 0.001 US cents a TX
BTC don't want people who earn under two dollars a day.
I do
USD $ 0.00 , 001
That is the fee that should be considered normal
that is the fee for a standard 250 byte transaction
that is what people should be considering as a required payment when they exchange USD $0.001 for some good or service
and at scale, that has the potential to make more profit and earn more money in a single daythan every single dollar exchanged over BTC and Ethereum aand every shitcoinhas made in its entire history
some are and some are higher than we need to make sure that we have people understand thatt this is going to happen even as we scale
even as the coin price fluctuates
CSW
Feb 27, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645972473008249?thread_ts=1645972473.008249&cid=C5131HKFX
https://t.me/CSW_Slack/4095
Telegram
CSW - Slack Channel
CSW
Feb 27, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645972473008249?thread_ts=1645972473.008249&cid=C5131HKFX
https://t.me/CSW_Slack/4095
Feb 27, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645972473008249?thread_ts=1645972473.008249&cid=C5131HKFX
https://t.me/CSW_Slack/4095
👍1🤩1
I can make this very simple.
If you disagree with me in fees and don’t believe that bitcoin should be under a thousandth of a cent per transaction, then you shouldn’t be working with me, you should be working for me, you shouldn’t be working with Bitcoin Association, you should be working on bitcoin. You shouldn’t be working at nChain. You shouldn’t be working at TAAL.
If you think that fees should be higher, the honest truth is that you don’t believe in bitcoin no matter what you say. If you argue for a fee market and try and development, you are not arguing for free markets and freedom but rather for a controlled centralised system. Sorry, if that is the case go to BTC. Go to Ethereum. But just leave.
I don’t really feel like fighting people any more on these issues. If you don’t like it, go. I’m not going to put up with people telling me that fees need to be higher. By the end of this year I want to see the default nodes setting not at any of the current rates but at 1 SAT.
I want people to stop over engineering everything and understand that bitcoin is a transaction system for micro payments. It does a lot more because of the scripting engine but the foundation is very simple. Very low-cost secure transactions.
If you want to argue attacks… Go away I don’t want to work with you. If you want to tell me how wrong in charging too much… Go away I don’t want to work with you. If you want to tell me how fees need to be higher… Go away I don’t want you in my life… I don’t want to work with you… I don’t want to talk to you… I don’t want to deal with you.
The only people I want to deal with from now on will understand very simply the bitcoin is a digital cash system that will deliver micro payments.
If you don’t like this, if you don’t agree with me, if you’re not 100% engaged in both scaling bitcoin and keeping the fees low and getting the lower and having “a race to the bottom” that forces fees to be so low that nothing else can compete…
I want nothing to do with you.
I’ve had too much to do with too many toxic people. That’s going to change. I don’t care if you like bitcoin. I’m just going to make it so inexpensive that nobody will consider using anything else. I don’t care about all these arguments about raspberry pi’s. I didn’t invent bitcoin to be run on raspberry pi’s and mums basement a delivered a system that was designed to scale the bigger than Visa and as I originally said that will end in server farms.
- My vision is a system that scales to billions of transactions a second.
- My vision is a system open to anyone globally.
- My vision is a system that costs no more than 1000th of a cent for a standard 250byte transaction no matter where you are in the world no matter what you’re doing.
- My vision is for a system that is completely traceable and able to work within the existing legal structures.
If this is not your vision… You should not have used and should not be on bitcoin.
I want anybody to be able to use bitcoin and to have access to digital cash. I want anybody on this earth no matter how poor, no matter how isolated and no matter how disenfranchised to be able to have money and use it because of bitcoin.
Bitcoin does not bank the unbanked. It gives them access to cash. Bitcoin is not about removing banks. Bitcoin is about developing a robust infrastructure to deliver digital cash globally.
When I say that I’m not going to put up with people who have a different vision, I mean it implicitly. I’ve had too much time having to work with people even in my own organisations with different agendas. This ends.
If you don’t want to scale bitcoin and to do this as a primary goal, move on. I will say right now that I will not work with a person who does not have this as their vision.
if you think that somebody spamming the network or sending millions of one sat transactions is a problem, find a new job
CSW
Feb 27, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645973294384389
https://t.me/CSW_Slack/4097
If you disagree with me in fees and don’t believe that bitcoin should be under a thousandth of a cent per transaction, then you shouldn’t be working with me, you should be working for me, you shouldn’t be working with Bitcoin Association, you should be working on bitcoin. You shouldn’t be working at nChain. You shouldn’t be working at TAAL.
If you think that fees should be higher, the honest truth is that you don’t believe in bitcoin no matter what you say. If you argue for a fee market and try and development, you are not arguing for free markets and freedom but rather for a controlled centralised system. Sorry, if that is the case go to BTC. Go to Ethereum. But just leave.
I don’t really feel like fighting people any more on these issues. If you don’t like it, go. I’m not going to put up with people telling me that fees need to be higher. By the end of this year I want to see the default nodes setting not at any of the current rates but at 1 SAT.
I want people to stop over engineering everything and understand that bitcoin is a transaction system for micro payments. It does a lot more because of the scripting engine but the foundation is very simple. Very low-cost secure transactions.
If you want to argue attacks… Go away I don’t want to work with you. If you want to tell me how wrong in charging too much… Go away I don’t want to work with you. If you want to tell me how fees need to be higher… Go away I don’t want you in my life… I don’t want to work with you… I don’t want to talk to you… I don’t want to deal with you.
The only people I want to deal with from now on will understand very simply the bitcoin is a digital cash system that will deliver micro payments.
If you don’t like this, if you don’t agree with me, if you’re not 100% engaged in both scaling bitcoin and keeping the fees low and getting the lower and having “a race to the bottom” that forces fees to be so low that nothing else can compete…
I want nothing to do with you.
I’ve had too much to do with too many toxic people. That’s going to change. I don’t care if you like bitcoin. I’m just going to make it so inexpensive that nobody will consider using anything else. I don’t care about all these arguments about raspberry pi’s. I didn’t invent bitcoin to be run on raspberry pi’s and mums basement a delivered a system that was designed to scale the bigger than Visa and as I originally said that will end in server farms.
- My vision is a system that scales to billions of transactions a second.
- My vision is a system open to anyone globally.
- My vision is a system that costs no more than 1000th of a cent for a standard 250byte transaction no matter where you are in the world no matter what you’re doing.
- My vision is for a system that is completely traceable and able to work within the existing legal structures.
If this is not your vision… You should not have used and should not be on bitcoin.
I want anybody to be able to use bitcoin and to have access to digital cash. I want anybody on this earth no matter how poor, no matter how isolated and no matter how disenfranchised to be able to have money and use it because of bitcoin.
Bitcoin does not bank the unbanked. It gives them access to cash. Bitcoin is not about removing banks. Bitcoin is about developing a robust infrastructure to deliver digital cash globally.
When I say that I’m not going to put up with people who have a different vision, I mean it implicitly. I’ve had too much time having to work with people even in my own organisations with different agendas. This ends.
If you don’t want to scale bitcoin and to do this as a primary goal, move on. I will say right now that I will not work with a person who does not have this as their vision.
if you think that somebody spamming the network or sending millions of one sat transactions is a problem, find a new job
CSW
Feb 27, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645973294384389
https://t.me/CSW_Slack/4097
Telegram
CSW - Slack Channel
CSW
Feb 27, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645973294384389
https://t.me/CSW_Slack/4097
Feb 27, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1645973294384389
https://t.me/CSW_Slack/4097
👍3
AUSSIE MAN BAD : 2022 AMA Interview with Dr. Craig Wright a.k.a Satoshi Nakamoto
5638 visualizaciones
3 mar 2022
https://www.youtube.com/watch?v=lk3_gooADuw&t=447s
5638 visualizaciones
3 mar 2022
https://www.youtube.com/watch?v=lk3_gooADuw&t=447s
YouTube
AUSSIE MAN BAD : 2022 AMA Interview with Dr. Craig Wright a.k.a Satoshi Nakamoto #BSV #Bitcoin
Latest 2022 interview with Dr. Craig Wright, a.k.a. Satoshi Nakamoto. Answers questions about #BSV #XRP #Hadera and much more.Live Streaming:Youtube: https:...