"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…
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Craig Wright, self proclaimed Bitcoin inventor, reveals plan for his BTCs https://youtu.be/8SMKm5N74ug
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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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For anyone who thinks university is hard, I want you to think about university a few hundred years ago. Then, a bachelor’s degree generally took seven years and was finalised through a public exam where sometimes hundreds of people could be watching you, and you would need to answer as if on stage.
Every person would be required to know the trivium, which consisted of grammar, logic and rhetoric. After that, you could move on to the quadrivium. This incorporated arithmetic, geometry, music and astronomy. In addition, the topics of physics, metaphysics and moral philosophy or ethics were also taught. While this seems somewhat limited and easy for people to understand, you also need to remember that these topics require study in various other areas, including history.
This process would then be followed by a Master of Arts degree, which was required before you could pursue higher studies. To continue your education into law, medicine or what was considered the most prestigious topic, theology required that you first obtain a Masters degree which would include not only the thesis but a viva in the same form that we today leave exclusively for doctoral students.
When contemplating this, remember it was not just English grammar. It would incorporate Greek, Latin, the local languages, including English or French and sometimes Hebrew. In addition, when contemplating the arithmetic calculations that needed to be done, you need to remember that none of these studies included work on a calculator. Even doing log and exponential calculations would require calculations to be done on paper.
Equal under law and Equal opportunity are not the same.
Equal opportunity means moving people, taking from others.
A framework, access to education is important, but is not equivalent
CSW
Mar 21, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1647852953849069?thread_ts=1647852953.849069&cid=C5131HKFX
https://t.me/CSW_Slack/4201
Every person would be required to know the trivium, which consisted of grammar, logic and rhetoric. After that, you could move on to the quadrivium. This incorporated arithmetic, geometry, music and astronomy. In addition, the topics of physics, metaphysics and moral philosophy or ethics were also taught. While this seems somewhat limited and easy for people to understand, you also need to remember that these topics require study in various other areas, including history.
This process would then be followed by a Master of Arts degree, which was required before you could pursue higher studies. To continue your education into law, medicine or what was considered the most prestigious topic, theology required that you first obtain a Masters degree which would include not only the thesis but a viva in the same form that we today leave exclusively for doctoral students.
When contemplating this, remember it was not just English grammar. It would incorporate Greek, Latin, the local languages, including English or French and sometimes Hebrew. In addition, when contemplating the arithmetic calculations that needed to be done, you need to remember that none of these studies included work on a calculator. Even doing log and exponential calculations would require calculations to be done on paper.
Equal under law and Equal opportunity are not the same.
Equal opportunity means moving people, taking from others.
A framework, access to education is important, but is not equivalent
CSW
Mar 21, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1647852953849069?thread_ts=1647852953.849069&cid=C5131HKFX
https://t.me/CSW_Slack/4201
Telegram
CSW - Slack Channel
CSW
Mar 21, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1647852953849069?thread_ts=1647852953.849069&cid=C5131HKFX
https://t.me/CSW_Slack/4201
Mar 21, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1647852953849069?thread_ts=1647852953.849069&cid=C5131HKFX
https://t.me/CSW_Slack/4201
👍5
Every ETH solution to scaling requires that "Full nodes" remain with the entire chain.
As such, the presence of home nodes is a mere scam to uphold the misleading and deceptive claim that these are in anyway more than a presence to say that law dies not apply to the system.
If the full nodes do not hold the entire ETH chain, the security of the system collapses
Home nodes, who cares, none need exist and the system operates
This is by definition, a sybil
CSW
Mar 22, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1647930235378529?thread_ts=1647930235.378529&cid=C5131HKFX
https://t.me/CSW_Slack/4206
As such, the presence of home nodes is a mere scam to uphold the misleading and deceptive claim that these are in anyway more than a presence to say that law dies not apply to the system.
If the full nodes do not hold the entire ETH chain, the security of the system collapses
Home nodes, who cares, none need exist and the system operates
This is by definition, a sybil
CSW
Mar 22, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1647930235378529?thread_ts=1647930235.378529&cid=C5131HKFX
https://t.me/CSW_Slack/4206
Telegram
CSW - Slack Channel
CSW
Mar 22, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1647930235378529?thread_ts=1647930235.378529&cid=C5131HKFX
https://t.me/CSW_Slack/4206
Mar 22, 2022
https://metanet-icu.slack.com/archives/C5131HKFX/p1647930235378529?thread_ts=1647930235.378529&cid=C5131HKFX
https://t.me/CSW_Slack/4206
😁3
Forwarded from CSW. 300 Articles (@RamonQuesada 🌷)
Twenty Years of a Bank Worker’s Life
By Craig Wright
08 Apr 2022
https://craigwright.net/blog/philosophy/twenty-years-of-a-bank-workers-life/
By Craig Wright
08 Apr 2022
https://craigwright.net/blog/philosophy/twenty-years-of-a-bank-workers-life/
craigwright.net
Twenty Years of a Bank Worker’s Life
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Forwarded from CSW. 300 Articles (@RamonQuesada 🌷)
Anti-Trust
By Craig Wright
23 Mar 2022
https://craigwright.net/blog/bitcoin-blockchain-tech/anti-trust/
By Craig Wright
23 Mar 2022
https://craigwright.net/blog/bitcoin-blockchain-tech/anti-trust/
craigwright.net
Anti-Trust
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Forwarded from Coingeek y otras publicaciones.
Telegraph
Craig Wright to deliver keynote at IEEE 5G-IoT Blockchain Summit in Rabat
Bitcoin creator Dr. Craig S. Wright will deliver a keynote speech on Tuesday April 12th at the Global IEEE 5G-IoT Blockchain Summit hosted in Rabat, Morocco. BSV has its sights set firmly on the data-heavy economy of the future, and Dr. Wright is making sure…
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