Gold collapsing. Bitcoin UP.

AdrianX

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Interesting why Cobra is doing more than the UK court required ?
I can imagine he's trying to shape his narrative, blocking the white paper does not affect anyone, but not being allowed to get legal FOSS looks more serious akin to abuse of power. Who's responsible - well it's the guy with a message on the home page. (maybe CSW is setting up a "royal fork" and Cobra just took a pawn.)
 
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cbeast

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Due to the legal battle with Craig Wright, Peter McCormack had 500,000 $ in legal costs: https://github.com/bitcoin-dot-org/Bitcoin.org/issues/3698#issuecomment-872510841

I don't know how this can be so expensive but in the UK court system, this seems possible. Cobra had 30,000 $ in cost which is rather amazing as well for a default-judged copyright case.

Whatever you think of the merits of those cases and what those people did, I personally think this is wrong. Especially the McCormack situation is an outsized punishment. This would bankrupt 99% of people. He's lucky because his podcast is raking in 30k$ in profits per month (he publishes the numbers). So he'll work for 1.5 years for nothing now... That's tough.

He of course believes that he will win but I'm 95% certain that he will lose. He can't prove fraud, so it's libel. You can't trash-talk your way out of this in front of a judge.
Just imagine all the billions of dollars Satoshi as CSW has lost in revenue from bitcoin IP because of the defamation campaign against him. I don't feel too sorry for McCormack. He can always declare bankruptcy. Cobra is just hedging. He doesn't want to stick his neck out too far in this debacle. The rate at which crypt0 is schisming, lawyering up is the new stacking sats.
 

bitsko

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he says a lot of shit and ive no means to sort out his fanciful hopes of multi-dimensional sun tzu chess from what may occur.

in the states, fork taxation has already been clarified, no need to redo taxes based upon the slack ramblings of some guy, that is for certain.
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he calls it 'set in stone' but as far as im aware plans to inflate the bsv supply to award himself coin and then burn the existing coin he doesnt want on his system.
 
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bitsko

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In all of this I'm reminded of how little I really know about the world; I have many doubts and yet all I do is use and hoard BSV
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to me there is monumental opportunity in hoarding bsv in relation to the other projects
 

cbeast

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he says a lot of shit and ive no means to sort out his fanciful hopes of multi-dimensional sun tzu chess from what may occur.

in the states, fork taxation has already been clarified, no need to redo taxes based upon the slack ramblings of some guy, that is for certain.
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he calls it 'set in stone' but as far as im aware plans to inflate the bsv supply to award himself coin and then burn the existing coin he doesnt want on his system.
You don't know what set-in-stone means. You'll need to repeat this class.
 
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AdrianX

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literally, "set in stone" implies molten lava was used to cast something in stone. It has nothing to do with protocols, so it's obviously a metaphor and up to subjective interpretation.

But CSW's not telling people what to believe, he's merely pointing out how the law can work. Reading the links below gives some insight into how the law can be used as someone who may have experience with it in action relative to Bitcoin.



This is just one data point where CSW may have been emotionally scarred by the event so he may be over dramatising .
 
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bitsko

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Posting under the moniker of satoshi, I know of no comments in regard to moving coin without keys.

we all know the comments on gold to lead were in the context of escrow; a code device and not a courthouse.

Either the posts under the satoshi pseudonym were attempting to fool the cypherpunk-anarchists into working on his project despite having diametrically opposing end goals or the idea to seize and redistribute coin via court came later.

I'm leaning towards that the satoshi pseudonym wanted to manipulate these individuals into working toward satoshi's ends for bitcoin; which of course carried with it the risk that they could seize the project, as they ultimately did.
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Let's say you're a mason; you are starting a masonry project...

Nobody gives a shit but a bunch of dirty carpenters.

You let them think it has to do with wood so they keep interest.

You leave the project, they build a picket fence and not a stone wall.
 

cbeast

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literally, "set in stone" implies molten lava was used to cast something in stone. It has nothing to do with protocols, so it's obviously a metaphor and up to subjective interpretation.
Most people consider it a biblical reference to the stone tablets of Moses. I know of no lava-based manufacturers as you imply. In Hell, perhaps?

As the issuer of the currency, he is legally liable, but he's probably overthinking it. At this point the only thing that lawfully matters is patents. I suspect he will sell his patents to Visa and become kingmaker.
 

bitsko

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I want COPA to hire someone like Johnnie Cochran to make catchy rhymes.

What are the odds they try and pull a late stage mccormack.

--

Set in stone amounts rhetoric; theres admission of it not being technically set in stone, and further evidence the protocol had to ignore aspects of the whitepaper to continue on.

It's often the case that a message has to be reduced to the most simple of understandings to travel very far, and in that sense, 'set in stone' is concise enough to deliver at least some understanding of the issue; but as with many things held under a bright enough light, the inconsistencies show.
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the notion that btc is subject to court enforced inflation due to soft forkery and bsv isnt; I dont understand - it looks like bluster, of course I dont know but also i'm not confident the proponent knows either.
 
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cbeast

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Set in stone amounts rhetoric; theres admission of it not being technically set in stone, and further evidence the protocol had to ignore aspects of the whitepaper to continue on.
Again, you don't know what set-in-stone means. You believe code-is-law and that man-made technology can be immutable. I assure you, it can not. Rest assured, just as death and taxes, there are some things that are beyond the escape of mortals. The Chinese invented fiat money system cannot endure the information age. Information-based assets such as stocks and derivatives served as a kludge to grease the wheels, but data will not remain in the hands of a few brokers. Our content is our right to control and commoditize as we see fit. BitCoin is the best medium to exchange our toils in contractual form.
 

bitsko

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What have I said that led you to think I believe code-is-law?

The only comment of mine that seems applicable is my description of the context of satoshi's gold to lead quote being the hypothetical escrow contract that it indeed was.
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in legal argot, code refers to the law.

in engineering argot, immutability refers to the property by which the contents of hashed data cannot be changed without changing the hash itself.

so in the legal sense, codes are the laws and in an engineering sense, inflating BSV to reward Craig Wright coin and subsequently burning the coin it is to replace doesnt change the properties of a hash.
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it does fly in the face of the whitepaper and any arguments to the contrary are tenuous.

as I said perhaps it was satoshi's early need to manipulate people into working on bitcoin that kept him from explaining the popular narratives were false and bitcoin was intended to be inflated and then burned by court decree
 
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cbeast

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as I said perhaps it was satoshi's early need to manipulate people into working on bitcoin that kept him from explaining the popular narratives were false and bitcoin was intended to be inflated and then burned by court decree
Yeah, I've never been a believer in a one-world government or court. BitCoin was designed to be competitive and merit-based. While yes it is possible to coerce all the major courts in the world to agree to force the miners in their bailiwicks to change the code, if not absolutely justified and not at all political, it's either not going to happen or will be met with reprisals and end the notion of a global token, and each nation will end up with dead-end forks. So I doubt tokens will get burnt. They will just continue to burn people.
 
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bitsko

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BSV at risk of reorg and exchange theft.

BA plans to help those who lose.

this is where we get to see if the untimely court system is appropriate for a 10 minutes/block poisson process.
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having 'zero tolerance' while helping those who lose seems a contradiction in terms.

Appears to be some tolerance for the losers losing there
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if only we still had @deadalnix on bsv he is a leader in bunkermode implementations far surpassing the skills of adam back even
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if only 100 other things, price up being one of them. instead, fucking court.

hold my perrier
 
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bitsko

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I hereby propose 'HonestWeight'(TM)

It starts off with Taal having 90% HonestyWeight and as the other minerID's build honestly on the honest blocks of honest nodes they get some of the HonestWeight.
 

CryptoStar19

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Jun 11, 2021
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Bitcoin is already the currency of the world in many ways. A world-wide ban is not practical... even local bans can't really be enforced. It would be the same trying to enforce a ban on the internet.
 

bitsko

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Local bans can indeed be enforced.

There are about thirty relevant BTC nodes, and ten thousand archival nodes which cannot act as typical network nodes.

Even ten thousand nodes can be found, thirty large power sucking warehouses is rather simple.

The issue with using bitcoin locally under a ban is partially related to the ledger itself being plaintext.

The evidence doesn't go away, all that is needed is to establish a relationship between the pseudonymous transactions and real world identities.

Having access to the databases that record those relationships, as Nation States do, makes it easy.
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“Why of course the people don't want war. Why should some poor slob on a farm want to risk his life in a war when the best he can get out of it is to come back to his farm in one piece? Naturally the common people don't want war: neither in Russia, nor in England, nor for that matter in Germany. That is understood. But after all it is the leaders of a country who determine the policy and it is always a simple matter to drag the people along, whether it is a democracy or fascist dictorship, or a parliament or a communist dictatorship. Voice or no voice, the people can always be brought to the bidding of the leaders. That is easy. All you have to do is tell them they are being attacked, and denounce the peace makers for lack of patriotism and exposing the country to danger. It works the same in any country.”

― Hermann Goering

"why of course the people don't want Bitcoin regulated. Why should some poor gambler on an exchange want to risk his wealth under regulation when he could get rich riding the wave of speculation? .... But after all it is the regulators of the country who determine the policy and it is always a simple matter to drag the people along... whether it is a democracy or fascist dictorship, or a parliament or a communist dictatorship. Voice or no voice, the people can always be brought to the bidding of the leaders. That is easy. All you have to do is tell them bitcoin is destroying the environment and being used for money laundering and child pornography, and denounce the proponents for their criminality and exposing the country to danger. It works the same in any country."

--- Not Hermann Goering
 
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cbeast

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@bitsko Your concerns are mostly valid. I am okay if BSV fails as I know all crypt0 will also fail. And yes, Hermann Goering was an idiot. Nuclear war is inevitable and I am okay with that. Us monkeys aren't smart enough to understand the price of civilization. We'd rather throw shit at each other.
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I hereby propose 'HonestWeight'(TM)

It starts off with Taal having 90% HonestyWeight and as the other minerID's build honestly on the honest blocks of honest nodes they get some of the HonestWeight.
Reorgs are fine. It's part of the process.
 
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bitsko

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I just say the things others cannot due to circumstance.

Its nothing more than shooting thoughts from the hip. questions that may be.

BSV or nothing.