It's time we had the same thing for money. With e-currency based on cryptographic proof, without the need to trust a third party middleman, money can be secure and transactions effortless.

What this refers to is what Bitcoin can do. Bitcoin is NOT a currency nor even e-currency. It is a commodity, electronic cash.

BUT...

You can build a currency ON Bitcoin IN Script.

Mann on money

Currency is a legal term of art.

the question was argued and debated because of the Euro and Stirling choice bill of 2001.

If this bill was accepted, it would have conferred a unilateral right upon the debtor to discharge a Stirling obligation by payment of euros

currency means current money

to be currency, it needs to be the legally accepted form of money that is in general use within a particular country

foreign currency of course is currency that is accepted in other countries

so, unless bitcoin is widely accepted and even able to be used in the payment of bills to government as well as small casual payments as cash, when that is that the majority of some countries use is in bitcoin, then bitcoin will not be currency

Cash is a form of money in notes or coins. Bitcoin is created in a form of a digital coin and under the electronic transactions act the ability to substitute electronic methodologies for paper is considered viable in the UK hence making this legally something that can be cash

unlike popular opinion in many areas cash does not need to be a form of legal tender but it needs to be imediately final

I final what I mean is that it is not like a cheque that needs to be taken and processed somewhere else

when you are handed a cash transaction you have the final value in the final form

Not always, script enables the creation of predefined systems that ensure that double spending cannot occur if that needs to be implemented

For instance, using multi-signature scripts allows for the signing and distribution of transactions in a chain. Through this, a combination of payment channels and signing can create a system that does not allow for any double spends.

CSW
Jul 21, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1626880032027500?thread_

https://www.tgoop.com/CSW_Slack/2747

Bitcoin como un Security
Por Craig Wright
25 julio 2021
https://es.ramonquesada.com/espanol-es/bitcoin-como-sistema-de-seguridad-por-craig-wright/

Bitcoin as a Security
By Craig Wright
25 Jul 2021
https://craigwright.net/blog/bitcoin-blockchain-tech/bitcoin-as-a-security/

If a miner withholds transactions the other miners have a right to reject the block.

Transactions do not need to get to every miner instantly, but they cannot be withheld. A node that withholds a tx is in breach of contract and is also not exempt for the requirements to KYC each transaction. They have as much to do as a bank on every tx.

Every other node could sue for the FULL value of a block if they can show that the miner who wins a block has hidden even a single tx.

The simple answer is that if a node requests an inventory and the other doesn't send the FULL tx list, the node that loses has an argument to claim the full reward legally

It is one thing to take a tx directly, it is another thing to withhold it

Taal is not hiding txs

Hidden blocks don’t make money because other miners will take legal action. A hidden transaction depends on what you define as hidden. Does it mean that your miner hasn’t received it, or does it mean that someone is actively suppressing it? These are very different things.

People don't fucking operate nodes

corporations do, businesses do

the consensus of the system is purely economic

it is not about radical distribution, it is not about democracy and it is not about any of that other bullsshit that people are spouting about how it takes down banks

bitcoin is a commercial enterprise system

it was always designed to be a commercial enterprise system

commercial systems get lawyers

CSW
Ago 9, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1628488585314000?thread_ts=1628488585.314000&cid=C5131HKFX

https://www.tgoop.com/CSW_Slack/2852

1/2
What people need to understand.

It is more important for the concept of bitcoin that I developed to be understood than anything else to survive. Over time, BTC will go the way of eGold and eCash. The reason being the same reasons each of those failed. There is no more decentralisation in BTC than there is in a recent small IPO. In fact, Facebook has over a thousand times more decentralisation than BTC will ever achieve. This is what people fail to understand; decentralisation is not the distribution of power or control.

Bitcoin is not about your keys. Your keys in reference to the private keys and that are associated with certain types of locking scripts are equivalent to the key to a safe deposit box.

Bitcoin is a series of tokens.
It is not an account, each individual digital token is a separate item. Each individual Satoshi is a token. Those tokens are put together in an envelope that is referred to as a UTXO. That is locked in the virtual safe-deposit box in a massively large wall full of safe-deposit boxes.

The safe-deposit box number is the equivalent of the identifier for the public address or public key associated with most locking scripts. This information can be used to hold multiple envelopes that I referred to above as the UTXO’s. Each envelope holds a series of tokens. Thus, the safe-deposit box can be used multiple times. Reusing the safe-deposit box means that people can view you going to it, and you lose privacy. There are around ten with eighty zeros possible safe-deposit boxes that all have multiple means of being accessed. Note, collisions always exist between locking scripts, but finding those collisions is infeasible. For instance, they could be a 3 of 3 locking script that matches a single hash puzzle locking script and has the same hash but finding that is an infeasible exercise.

Bitcoin tokens are never lost. As a result, the system always has the same number of tokens as when it was first created. Tokens can be replaced. This can be done in a variety of ways as the ledger is updated. Remember, the decentralisation in any Blockchain is never more than the decentralisation in a small listed firm. In fact, like all of these, a few entities on the board choose the direction of the system. There is no possible way to change how that works in a Blockchain system with you using PoS or any other hybrid.

If you lose your keys, it is the equivalent of losing your keys to a safe deposit box. You can gain access to the safe-deposit box, but that cost money, time and effort. For example, if your safe-deposit box contains five dollars and you lose the keys, and the cost of regaining access to the keys is $5000, it is very unlikely that you will try and regain access unless you are completely insane.

Bitcoin is not encrypted, and it cannot be made to be encrypted. The system was designed this way to differ from previous digital cash and digital currency systems, making it a digital or electronic cash system and not Cryptocurrency.

Lightning is an attempt at a Cryptocurrency, but the problem is that it’s built on top of bitcoin, and the system within bitcoin can be repointed, and the tokens can be moved to new safe-deposit boxes. Doing this breaks lightning. This is not a problem with bitcoin but rather a problem with lightning that they don’t want to admit, and their answer is to lie about how bitcoin functions.

Lost tokens don’t break the system. What they do is require people to keep records for large amounts of tokens. The cost to miners and the implementation of changes such as those three court orders to regain access will preclude the use of recovery for small amounts and leave it to those with large addresses. This is because bitcoin is designed to be cash, and cash is not designed to be a system that you have billions of dollars sitting in a room.

CSW
Sep 21, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1632211154383800?thread_ts=1632211154.383800&cid=C5131HKFX
1/2
https://www.tgoop.com/CSW_Slack/3023

The simple analogy for you is to imagine a wall of safe deposit boxes that are locked using a key.
The safe-deposit box is the bitcoin address or rather the locking script.
The private key or unlocking process is the key to the safe-deposit box. Some safe-deposit boxes use multiple keys.

Each safe-deposit box works like a night deposit box. Any person can send money into the box. That deposit is made in an envelope that contains a defined number of indivisible tokens. Each token is one Satoshi. There is no such thing as ½ Satoshi.

If you lose a key to a safe-deposit box, you can still gain access even if it’s a Swiss safe-deposit box. This requires not having a key to prove your identity but rather having other things to prove your identity. The thing people seem to be missing is that keys don’t prove identity. Keys aren’t ownership. Holding the key to your car doesn’t mean that you own the car; the ownership rights may allow you to use the key that they are not the other way round.

Safe-deposit boxes can be drilled.
Bitcoin addresses can be reassigned. The tokens can be reassigned. Just as individuals such as Peter Todd said bitcoin from Satoshi would be burnt, it can be reassigned. This is not a community vote. It never was. There is no democracy in bitcoin. More importantly, they cannot be a democracy in bitcoin. Bitcoin countered Sybil attack. It did not build in demagoguery.

If all that mattered to me was keeping my money, I wouldn’t be saying this. For instance, the court can order bitcoin addresses to be reallocated.

More importantly, there is around 2 million bitcoin to be mined. These still belong to me technically. The question I’ve been asked in court is how many bitcoin did you mine. The answer to that one is practically none. If you ask me alternatively how many bitcoin did the company that I founded and ran mine in 2009, that is a far larger answer. The company I set up in 2009 was registered in Australia. That company had a share registry and it was started in January 2009 not only to mine bitcoin but to build on the system.

The difficulty is that people keep asking the wrong questions. The question is not how many bitcoin did you mine. It is how many bitcoin did your company or any company you own mine in 2009 and 2010. This

CSW
Sep 21, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1632212057386400?thread_ts=1632212057.386400&cid=C5131HKFX

https://www.tgoop.com/CSW_Slack/3026

https://en.wikipedia.org/wiki/MGM_Studios%2C_Inc._v._Grokster%2C_Ltd

CSW
Oct 9, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1633795608096300?thread_ts=1633795608.096300&cid=C5131HKFX

https://www.tgoop.com/CSW_Slack/3117

If you think November is not about my showing that I created bitcoin, then, you are delusional.

The entire case is based on a premise of my being Satoshi and Ira being a greedy ass who thinks he can steal

The thing most people don’t understand is that the lies about Cryptocurrency will die in this case.

Then we are left with mopping up exercises with McCormick and others.

When the case is finished, there will be about a snowflake’s chance in the hottest part of hell that people don’t understand that bitcoin can be recovered. And this is important. Nobody cares about recovering $50. Not in real terms. They care about recovering large amounts of money, which will ensure that this case ends in a way that most people don’t expect.

Following this case, the mantra of your keys, your bitcoin, will be forever buried in a forgotten grave. There is a reason that I set things up the way that I did. It wasn’t for this case that this case will bring it to a head.

Nobody seems to understand that when I said the bitcoin is not being moved other than a court order, I did mean it.

Honestly, if you need Proof that I’m Satoshi by someone signing the keys then you’re a fucking moron.

When I stated that bitcoin is not encrypted, I meant it because it’s true. If you think that bitcoin is a crypto anarchist wet dream then you have no idea. The thing is, none of their little schemes will work because it’s all on the Blockchain and it cannot be subverted.

When I said that no bitcoin will move outside of a court order I mean that is the court order was set all of the movement in motion and it will have nothing to do with the key. People have been proving identity for centuries in courts and the thing is, I’m not going to change that to some, insane plan to allow people to identify themselves with a distributable key that they can give to anyone.

The simple answer is that if bitcoin was not recoverable, i.e. if it was encrypted, then it is lost and it is lost forever but the truth of the matter is that that’s not the case. Developers and miners follow court orders. The truth is that they are all a bunch of pussies who act tough but are really like three-year-olds who miss their mommy.

As I have explained many times the bitcoin is property of a company.
That company is owned by another company.
The owning company is in a trust.

No bitcoin owned by those companies will move now without a court order.

Those bitcoin will move.

No amount of anarco capitalist- really anarco Communist criminal assholes bullshit will stop that.

Nothing that people say on Twitter will have any impact on the court issuing an order.

The reality is that the case will be over in November.

The reality is that the coins will have to be moved when the court states they have to be moved. If people complain enough then they can go through the whole soft fork bullshit. But, any miner or developer who chooses to stay as a miner or developer will be sequestered under contempt of court.

Any miner in China is breaking the law as it currently stands. They are an easy target.
Anyone outside of China will realise that the exchanges are linked into the pro system and banking and that an American order will close every bucket shops that doesn’t comply. Every single non-compliant miner will find themselves earning nothing and having everything they own frozen.
So, they can go down the hard way or they can make profit as this becomes legitimate.

I would prefer that they fight but, as I said that is unlikely because they are all pussies

there will not be a single instance of a Blockchain that people say cannot be recovered by a court order in America or Britain or somewhere equally associated with the rule of law system in two years from now

This ends in November.

There is about zero chance of mistrial.

The reality here is very very simple.

This is ending and the court makes the decision.

Where have you been

CSW
Oct 12, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1634022652192400?thread_ts=1634022652.192400&cid=C5131HKFX

https://www.tgoop.com/CSW_Slack/3125

BTC will be subject to law - and there will be no forks to stop this.

There is already good law from the Supreme Court in the US and the High Court in Britain detailing software orders. Suppose an order is given for a company or partnership or a group. The individuals who obtain that either split off into some other group or someone else even unconnected to the first one takes up the challenge and decides to violate the court order. In that case, this is a contempt of court, and it ends in criminal contempt where people are punished by going to prison.

There are no anonymous groups.

There are no anonymous developers. Everything here is public and not on the dark web. There is nothing that anybody involved cannot stop or be stopped from doing.

The entirety of the myth around crypto is based on lies and deception.

bitcoin is not encrypted in bitcoin is not a Cryptocurrency

no Blockchain can ever be a true Cryptocurrency

this year there will be no further debates on this topic

it will be categorically demonstrated

CSW
Oct 12, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1634032105213100?thread_ts=1634032105.213100&cid=C5131HKFX

https://www.tgoop.com/CSW_Slack/3134

Do you know what happens to companies like Coinbase if they decide to breach a court order by listing a fork designed specifically to violate a court order?

A nice listed public company like Coinbase.

Every single exchange is easy to control. But start with a simple thought experiment here. Start with regulated exchanges. The argument that they can bridge a court order and list any coin that forks to avoid a court order is rather asinine when you think about it.

To give you an idea of what happens to Coinbase or any other exchange that ever decides to take any coin listed on their system that violates a fork. Not the ones they are asked to recover but any coins from any individual including those that of mined newly. So let’s put it this way, the tokens within bitcoin are fungible. Those violating a court order are going to have to give them up to pay for other things. Do you think miners will mine when they cannot exchange for value.

Do you think exchanges will list forks when that means that they will no longer be able to be licensed, operate in the Western world, exchange for US dollars in any form including tether…

just think it through

CSW
Oct 12, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1634034426220200?thread_ts=1634034426.220200&cid=C5131HKFX

https://www.tgoop.com/CSW_Slack/3140

Bitcoin: The Most Law-Abiding System Ever Created.

16 Pages
Posted: 14 Oct 2021
Last revised: 15 Oct 2021

Min 10:35
"P2P trade means two people trading, theres no machine here, if you change that, you´re changing the system and the system is no longer fungible...Fungibility is not a technical issue, it is a Legal issue"

OnTheRecord - Craig S Wright (CSW) on Bitcoin Cash Drama!
34.533 visualizaciones
10 nov 2018
https://www.youtube.com/watch?v=ACEUOCoVvmw

https://www.lexisnexis.com/community/casebrief/p/casebrief-mgm-studios-inc-v-grokster-ltd

ISSUE:
Are the software distributors liable for the copyright infringement by a third party using their product?

ANSWER:
Yes.

Sorry Core - The Supreme court held you all liable in 2005.

And that references the protocol. The ftps site would be liable

CSW
Oct 21, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1634838726026000?thread_ts=1634838726.026000&cid=C5131HKFX

https://www.tgoop.com/CSW_Slack/3181

ccmanual.pdf

CSW
https://metanet-icu.slack.com/files/U85JW5MNG/FPMU8DBV3/ccmanual.pdf

https://twitter.com/sthenc/status/1451274440294088704

Remember, BTC requires that you help core devs commit tax fraud.

Please aid core devs in falsifying records - This is the call that you will see out there and the reality here is this is what it's about

CSW
Oct 26, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1635243307414200?thread_ts=1635243307.414200&cid=C5131HKFX

https://www.tgoop.com/CSW_Slack/3201

By the way, if you don't like how I am playing the game, remember that it is my game.

I set the rules, and they are fair as they don't change.

You don't need to play, but Blockchain is in law.

CSW
Oct 27, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1635288370429200?thread_ts=1635288370.429200&cid=C5131HKFX

https://www.tgoop.com/CSW_Slack/3206

If you believe that bitcoin can exist in any fashion outside of legal structures, you’re an idiot. There is no other way to put it. If you think that domains can’t be seized, that the control of bitcoin is outside of government, you are a fucking moron.

And sorry, I’m being nice.

If you wanted the system to continue working without my involvement, the necessity was that you follow my path. By not following my path, you have created a path that requires that I return.

The simple answer here is that government and court orders apply. Every single Blockchain ever created and every single subsidiary system based on the Blockchain as a concept will always be subject to the will of courts. International law is messy, but ownership is very simple, and it has nothing to do with holding a key. That is possession.

I suggest that you have a read of Ayn Rand’s Atlas shrugged.

What you will take away from that is that the system’s creator can leave the system in the state that he found it. The example I will give you is Ellis Wyatt.

All of the soy boys in Core continuously talk about property rights. Yet, they want to take mine from me. They want to say that I’m donating everything to the world because they want to appropriate what I created. I did not give them the right to do that. Nor shall I.

Foundainhead is about the man

AS is about the world that will come

Only people can stop what is already starting and only the few

CSW
Oct 27, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1635333797454100?thread_ts=1635333797.454100&cid=C5131HKFX

https://www.tgoop.com/CSW_Slack/3210

Note:

Completely non-reversible transactions are not really possible, since financial institutions cannot avoid mediating disputes.

Bitcoin and my Whitepaper does not say that a transaction cannot be reversed.

It discusses the economic effect and notes that there are limits

BitCoin changes the way this works and allows small TXs to be made - and large ones to be reversed/recovered.

There is no mediation of a USD 1.00 TX as the costs to do this fall on the person making the claim.

So, Bitcoin does not stop reversal - it makes small payments possible.

Bitcoin does not stop fraud.

A certain percentage of fraud is accepted as unavoidable.

Bitcoin makes fraud more expensive.


Criminal Specialization as a Corollary of Rational Choice.
11 Pages
Craig S Wright
nChain; University of Southern Queensland - University of Southern Queensland, Students; Leicester Law School
Date Written: May 28, 2010
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3461064

Criminals act based on profit

CSW
Oct 28, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1635430084015700?thread_ts=1635430084.015700&cid=C5131HKFX

https://www.tgoop.com/CSW_Slack/3217

People seem to believe that it would be in my interest to try and persuade others. But we’re not talking about those who can be persuaded. Rather, we have dogmatic pools that believe in a false religion. They worship nodes. They pray to them. They treat them as if they matter in bitcoin and in respect of consensus because they have been lied to by the high priests of their false religion.
There is no persuading these people. Not by words. Many, even when seeing the truth, will refuse to believe.

The only way to persuade people is by pressing them to experience truth.

If I have to, I will shut down every business that has anything to do with BTC one by one until they comply. This is not my choice, but they are illegally using my property. Until they come and negotiate and settle, I will exert pressure. If you think I have so far, you haven’t seen the pinnacle of the tip of the iceberg.

When I am done, nobody will ever believe the false mantra of social consensus.

There will be holdouts. There will be people who try and run nodes at home. And they will find that the cost bankrupts them as any exchange that touches their illegally copied version will be put out of business.

The simple thing to remember here is that bitcoin has no power over the law. There is no hidden aspect of bitcoin. As I’ve been saying, once bitcoin hits a certain size, it is well within the ability to control. If people want to try and make alternatives, they can, but with this, any Blockchain, and I mean any Blockchain that is ever conceivable, will always be controlled in this way

No DeFi system can exist outside of the ability for a court order to shut down.

The developers of such a system are liable. That is the purpose of the Grokster and Limewire cases that I’ve been putting up.

CSW
Oct 30, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1635609861188100?thread_ts=1635609861.188100&cid=C5131HKFX

https://www.tgoop.com/CSW_Slack/3244

A DEX / DeFi liquidity pool is JUST a new way of saying -

Illegal coin mixer

The law of tracing exists.

If 10 of 100 coins are tainted and enter the DEX / "Illegal mixer", then all of the coins are now tainted

The people with 90 "honest coins" obtain 90% of their investment as the mixed coins are ALL tainted

So, if 10 people all add 10 coins and 10 are to be seized, all parties now have 9 coins of the 10 returned

To the person with tainted coins, this is good - it is a cost effective way to launder money

The coins are cleaned at the expense of the "honest" (rubes) owners who become money mules and lose their money invested.

A Dex, DeFi is a coin mixer, renamed. Nothing more, nothing less.

Just another already criminal aspect of all this

CSW
Nov 6, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1636210136286800?thread_ts=1636210136.286800&cid=C5131HKFX

https://www.tgoop.com/CSW_Slack/3333