Bitcoin HAS an issuer, all assets do.
But, in 2009, the system was worth negative 1.1 million
No pre mine, no wrapped asset
Creating a contract is legal, a commodity, legal
BTC issue is Core
CSW
Mar 10, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1646918209631299?thread_ts=1646918209.631299&cid=C5131HKFX
https://t.me/CSW_Slack/4179
But, in 2009, the system was worth negative 1.1 million
No pre mine, no wrapped asset
Creating a contract is legal, a commodity, legal
BTC issue is Core
CSW
Mar 10, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1646918209631299?thread_ts=1646918209.631299&cid=C5131HKFX
https://t.me/CSW_Slack/4179
Telegram
CSW - Slack Channel
CSW
Mar 10, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1646918209631299?thread_ts=1646918209.631299&cid=C5131HKFX
https://t.me/CSW_Slack/4179
Mar 10, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1646918209631299?thread_ts=1646918209.631299&cid=C5131HKFX
https://t.me/CSW_Slack/4179
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In an IEEE conference later this year, I will explain how we will take bitcoin to 1 billion tps peak, using 2022 tech. To 100 billion tps before 2030 and have SPV lookups and proofs served for this.
0.001c usd a tx
Up to 4.29 billion exchanges a tx (packets) for 0.001c
Consider this a financial information release under the UK and US laws concerning information related to investment related statements
If you think this is not important, do the maths.
This is what I left Gavin to work on. No, protocol is set on stone. The original is needed
Work out yearly miner revenue
10billion x 0.00,001 x seconds a year
"Up to 4.29 billion exchanges a tx (packets) for 0.001c"
Means, up to 4.3 billion packets for as low as 0.001 c to miners.
Ip2Ip
Limit right now, Internet capacity
4.3GB × 4.3 packets x 10 billion per second
Peer to peer
Not mesh
0.00001 x 10^9 ×3600 × 24 x 365
Cents. Tps. Sec. Hours days
In $
CSW
Mar 11, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1646980019189349?thread_ts=1646980019.189349&cid=C5131HKFX
https://t.me/CSW_Slack/4183
0.001c usd a tx
Up to 4.29 billion exchanges a tx (packets) for 0.001c
Consider this a financial information release under the UK and US laws concerning information related to investment related statements
If you think this is not important, do the maths.
This is what I left Gavin to work on. No, protocol is set on stone. The original is needed
Work out yearly miner revenue
10billion x 0.00,001 x seconds a year
"Up to 4.29 billion exchanges a tx (packets) for 0.001c"
Means, up to 4.3 billion packets for as low as 0.001 c to miners.
Ip2Ip
Limit right now, Internet capacity
4.3GB × 4.3 packets x 10 billion per second
Peer to peer
Not mesh
0.00001 x 10^9 ×3600 × 24 x 365
Cents. Tps. Sec. Hours days
In $
CSW
Mar 11, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1646980019189349?thread_ts=1646980019.189349&cid=C5131HKFX
https://t.me/CSW_Slack/4183
Telegram
CSW - Slack Channel
CSW
Mar 11, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1646980019189349?thread_ts=1646980019.189349&cid=C5131HKFX
https://t.me/CSW_Slack/4183
Mar 11, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1646980019189349?thread_ts=1646980019.189349&cid=C5131HKFX
https://t.me/CSW_Slack/4183
😁1
"Regulations that affect advertising
Advertising to consumers
The Consumer Protection from Unfair Trading Regulations mean you cannot mislead or harass consumers by, for example:
including false or deceptive messages
leaving out important information
using aggressive sales techniques
Read ‘The consumer protection from unfair trading regulations’ for the rules on advertising legally."
https://www.gov.uk/marketing-advertising-law/regulations-that-affect-advertising
Advertising to consumers
The Consumer Protection from Unfair Trading Regulations mean you cannot mislead or harass consumers by, for example:
including false or deceptive messages
leaving out important information
using aggressive sales techniques
Read ‘The consumer protection from unfair trading regulations’ for the rules on advertising legally."
https://www.gov.uk/marketing-advertising-law/regulations-that-affect-advertising
GOV.UK
Marketing and advertising: the law
If you're advertising or marketing, including direct marketing, you must be accurate and honest and follow the advertising codes of practice
Mark Karples is a convicted criminal.
Most of the block stream people are happy to reach sanctions and aid money laundering, a crime.
The Monero founder is a conman and fraud.
The biggest hero to the BTC call group is Ross Ulbricht, and attempted murder, a drug dealer, an armed smuggler, money-laundering and the list goes on… Real scum.
When they hear about RX drug dealers who might be the creator as an excuse for it not to be me they are super happy. Yet, this is the point that they are not making.
They use the term fraud and they complained about criminality only because I’m not. The basic premise of everything they stand for is that they love crime in core. They are criminals. One of the early BTC developers is a known terrorist. So, remember this when they start talking to people. We should be pointing this out.
CSW
Mar 13, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1647171014515219
https://t.me/CSW_Slack/4187
Most of the block stream people are happy to reach sanctions and aid money laundering, a crime.
The Monero founder is a conman and fraud.
The biggest hero to the BTC call group is Ross Ulbricht, and attempted murder, a drug dealer, an armed smuggler, money-laundering and the list goes on… Real scum.
When they hear about RX drug dealers who might be the creator as an excuse for it not to be me they are super happy. Yet, this is the point that they are not making.
They use the term fraud and they complained about criminality only because I’m not. The basic premise of everything they stand for is that they love crime in core. They are criminals. One of the early BTC developers is a known terrorist. So, remember this when they start talking to people. We should be pointing this out.
CSW
Mar 13, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1647171014515219
https://t.me/CSW_Slack/4187
👍1
"Craig Wright, self-proclaimed Bitcoin inventor, reveals plan for his BTCs"
Mar 32, 2022
https://youtu.be/BnPiH6OLLa0
Mar 32, 2022
https://youtu.be/BnPiH6OLLa0
YouTube
Craig Wright, self-proclaimed Bitcoin inventor, reveals plan for his BTCs
Craig Wright, who is currently the chief scientist at nChain, discusses with David Lin, anchor for Kitco News, the future developments for Bitcoin that he has planned.
Follow David Lin on Twitter: @davidlin_TV (https://twitter.com/davidlin_TV)
Follow Kitco…
Follow David Lin on Twitter: @davidlin_TV (https://twitter.com/davidlin_TV)
Follow Kitco…
🔥5👍1
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Craig Wright, self proclaimed Bitcoin inventor, reveals plan for his BTCs https://youtu.be/8SMKm5N74ug
🔥10❤1👍1
The purpose of bitcoin is not decentralisation. Rather, decentralisation is merely one part of the design of the system to deliver digital cash. The issue before bitcoin was never one of decentralisation for decentralisation sake; it was solving the method of having small casual payments. That is digital payments under one US dollar and preferably under one US cent.
The ongoing arguments about decentralisation are all red herring arguments. They are logically flawed. The first premise of a digital cash system is whether it acts like digital cash. To do this, the cost of any transaction cannot be more than a tenth of a cent.
E-Cash, micro-mint, paymint, Mnet… 2 decades ago, there were 100s of “cryptocurrencies.”
The issue is not decentralisation - Bitcoin can operate as it uses a digital cash system, maintains low fees, and does not face the problems issuers face because it is distributed. It is not distributed for the sake of being distributed.
There are literally thousands of decentralised systems and even more than today in the decade before bitcoin. Creating more nodes for the sake of creating more nodes was a goal of people like LimeWire; it is not the purpose or the goal of bitcoin.
3 to 4 nodes, as we see in BTC or ETH with a competitive process, is sufficiently decentralised. And only three or four nodes are controlling each of these networks. Nodes are defined in section 5 of my White Paper. Nodes create blocks.
The only honest debate in this industry starts with the purpose of digital cash. To be digital cash.
To be digital cash requires that the transactions are processed for under a fraction of a cent. It requires that this does not change as the system scales. The red herring that is used in the opposing arguments is a logical fallacy. That fallacy is the claim of decentralisation.
Decentralisation isn’t the goal. Instead, decentralisation is a tool to deliver digital cash.
M-Pezza costs between 0.30 USD and 0.40 USD a transaction
By 2030, the only digital asset class will be that which scales. Then, like the Internet, the competing networks will fall away, and only one will remain.
Bitcoin is not about thousands of nodes and nor cannot have thousands of nodes. Instead, Bitcoin is about high scale, low-cost digital money.
If you want to build something else, if you think decentralisation is an end, good luck… I have no interest in what you’re doing. My goal is very simple…
Deliver a digital cash system and a framework that allows for extensibility in creating digital transactions with monetary value that can be delivered to the scale of tens and eventually hundreds of billions of transactions a second while maintaining a cost under a thousandth of a cent per transaction.
CSW
Mar 18, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1647600288989119?thread_ts=1647600288.989119&cid=C5131HKFX
https://t.me/CSW_Slack/4196
The ongoing arguments about decentralisation are all red herring arguments. They are logically flawed. The first premise of a digital cash system is whether it acts like digital cash. To do this, the cost of any transaction cannot be more than a tenth of a cent.
E-Cash, micro-mint, paymint, Mnet… 2 decades ago, there were 100s of “cryptocurrencies.”
The issue is not decentralisation - Bitcoin can operate as it uses a digital cash system, maintains low fees, and does not face the problems issuers face because it is distributed. It is not distributed for the sake of being distributed.
There are literally thousands of decentralised systems and even more than today in the decade before bitcoin. Creating more nodes for the sake of creating more nodes was a goal of people like LimeWire; it is not the purpose or the goal of bitcoin.
3 to 4 nodes, as we see in BTC or ETH with a competitive process, is sufficiently decentralised. And only three or four nodes are controlling each of these networks. Nodes are defined in section 5 of my White Paper. Nodes create blocks.
The only honest debate in this industry starts with the purpose of digital cash. To be digital cash.
To be digital cash requires that the transactions are processed for under a fraction of a cent. It requires that this does not change as the system scales. The red herring that is used in the opposing arguments is a logical fallacy. That fallacy is the claim of decentralisation.
Decentralisation isn’t the goal. Instead, decentralisation is a tool to deliver digital cash.
M-Pezza costs between 0.30 USD and 0.40 USD a transaction
By 2030, the only digital asset class will be that which scales. Then, like the Internet, the competing networks will fall away, and only one will remain.
Bitcoin is not about thousands of nodes and nor cannot have thousands of nodes. Instead, Bitcoin is about high scale, low-cost digital money.
If you want to build something else, if you think decentralisation is an end, good luck… I have no interest in what you’re doing. My goal is very simple…
Deliver a digital cash system and a framework that allows for extensibility in creating digital transactions with monetary value that can be delivered to the scale of tens and eventually hundreds of billions of transactions a second while maintaining a cost under a thousandth of a cent per transaction.
CSW
Mar 18, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1647600288989119?thread_ts=1647600288.989119&cid=C5131HKFX
https://t.me/CSW_Slack/4196
Telegram
CSW - Slack Channel
CSW
Mar 18, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1647600288989119?thread_ts=1647600288.989119&cid=C5131HKFX
https://t.me/CSW_Slack/4196
Mar 18, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1647600288989119?thread_ts=1647600288.989119&cid=C5131HKFX
https://t.me/CSW_Slack/4196
👍4
Forwarded from CSW. 300 Articles (@RamonQuesada 🌷)
Choosing Your Turtle
18 Pages
Dr Craig S Wright
nChain; University of Southern Queensland - University of Southern Queensland, Students; Leicester Law School; University of London, Birkbeck College, School of Social Sciences, History and Philosophy, Politics, Students; Harvard university
Date Written: March 19, 2022
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4061773
18 Pages
Dr Craig S Wright
nChain; University of Southern Queensland - University of Southern Queensland, Students; Leicester Law School; University of London, Birkbeck College, School of Social Sciences, History and Philosophy, Politics, Students; Harvard university
Date Written: March 19, 2022
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4061773
Ssrn
Choosing Your Turtle
The question of whether scientific theories give us the literal truth, or are they merely useful instruments for making predictions remains unanswered and is li
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