To all my Lazer-eyed friends...

When a group of developers delegates their role and decision-making authority to a single entity, it is, by definition, centralisation, not decentralisation. Centralisation refers to the consolidation of control and decision-making authority into a single point or entity. In the context of software development, such as for a digital currency like Bitcoin, this would mean that a single group or entity would have the predominant influence or control over the development and decision-making processes. In contrast, decentralisation is characterised by the distribution of control, authority, and decision-making across a diverse and independent set of actors. The case of Bitcoin’s original design exemplifies decentralisation because its development, maintenance, and decision-making processes involve a broad and distributed network of independent developers, miners, and users. No single entity has overriding control or authority, making the system decentralized.

Micropayments, particularly those enabled by Bitcoin, possess transformative potential for the global financial landscape, especially in terms of inclusivity and accessibility. By facilitating small-scale transactions efficiently and cost-effectively, micropayments can overcome significant barriers that currently hinder global economic participation, especially for individuals in less affluent regions. One of the key ways micropayments can change the global financial scene is by reducing the transaction costs associated with small value transfers. Traditional financial systems often impose high fees for small transactions, making them economically unviable, especially for those in economically disadvantaged regions. Bitcoin's ability to process transactions at significantly lower costs opens the possibility for micro-scale economic activities to become more financially feasible. This is particularly relevant for remittances, where individuals working abroad send small amounts of money back to their families. Lower transaction fees mean more of the money reaches its intended recipients, enhancing the financial well-being of those in poorer regions.

A note to my wife:

In your presence, I find a sanctuary where I feel seen, heard, and profoundly understood. With you, I am home. In a world perpetually caught in the dance between form and chaos, you stand as my true north, the axis of my moral compass.

Exploring a long-tailed exponential distribution with a mean of 2250 in a UK CBDC context. Let's calculate values above the mean using standard deviations. #CBDC For 3 SDs above the mean: Mean + (3 * SD) = 2250 + (3 * 2250) = 9000 TPS. Aiming high for transaction processing speed! #ExponentialDistribution #TPS

While it is important to note that not all Silicon Valley companies behave this way, there is an argument that could be made against a few entities within the tech industry(Meta etc. …), suggesting that their open-source advocacy is more strategic than altruistic.

1. Open… twitter.com/i/web/status/1… 2. Exploiting the Open Source Model: Yet, while these companies may release some projects as open source, they often use this to crowdsource development and innovation, essentially acquiring vast amounts of intellectual property for free or at low cost. Small developers… twitter.com/i/web/status/1…

Due to the permissionless nature of Bitcoin, developers are not aware of all the parties or software platforms that may be built upon it. As a result, any changes made to the Bitcoin protocol must be approached with utmost caution and a strong sense of duty of care. Developers must consider the potential consequences and ensure that any modifications or updates do not introduce significant differences that could disrupt the functioning of existing software platforms built on Bitcoin.

I will start by discussing alternative approaches to compute periods of holomorphic three-forms in the context of mirror symmetry. Of course, this is an indirect way of working with the Calabi-Yau metric and not a solution to finding an explicit metric form. Still, it’s a crucial concept when dealing with Calabi-Yau manifolds in string theory.

For a Calabi-Yau threefold, we have a unique (up to normalization) holomorphic 3-form Ω. It’s the periods of this 3-form that are of interest.

I wonder if you can see the lies in this case statement, the deception.

In 2021 (not 20) I made the comment. However, he has said that it means I'm going to dump BTC and because that hasn't happened I must be lying.

https://twitter.com/KIKI66332/status/1636916050645196801

Let's examine the lie that this guy makes in detail so that we can show what he is really doing. You need to take the entirety of a conversation and not cherry pick to the honest in what you report

This is the start of the topic.

Funny how the paid Core trolls are not calling out Szabo as a fraud.

However, it is simple, he is not a threat. He has not created anything. He never invented the ideas they like to credit to him. He is a Patsi. As I have already demonstrated - he did not invent the concept of "smart contracts". Rather, he called "intelligent commerce" and Automated EDI based agents a new name - and then claimed to be an inventer...

Szabo - "(1) only a few people had read of the bit gold ideas, which although I came up with them in 1998"...

BS and more cypherpunk lies.

"Bitcoin gold ideas" were not new in 1998, and these are NOT Szoba ideas. These date 15 plus years before that unenumerated.blogspot.com/2011/05/bitcoi…… twitter.com/i/web/status/1… heinonline.org/HOL/LandingPag…

1996 - seems Szabo did not do his homework...

And these exist far earlier.

And there are 10s of 1000s of papers on the topic,,,

Fact.

Cypherpunks have created nothing, ever.

They have taken credit for 100s of things, not one was theirs

Take Szabo... nobody mentions now how "his" idea of "smart contracts" was really created by the US Army & used 17 years BEFORE Szabo published a blog with no reference Or how the idea of "decentralisation" was bastardised from Baran (1964) and then twisted outside the original description referring to a robust US Army network.

I wonder if people will understand that I also did research and other areas including lightning network but even before that and come to understand what it could mean.

patentimages.storage.googleapis.com/f0/2c/8f/4ba59… The idea of coloured coins differs significantly from how NFT and other token-based systems are done on BTC et cetera today.

The patent above is granted and other derivatives have been as well.

Basically, this is what plagiarism is to trolls.

You will note similar grass in every economic analysis. When you look at rational choice models, the models are fairly much the same.

Is that plagiarism? No actually.

https://twitter.com/CryptoTracers/status/1628076479165927424

How can I say that?

You will note if you do a search on the topic that there are multiple graphs exactly the same.

You see, these are standard economic functions and rational choice theory. The reason my PhD was independently investigated by two separate parties and exonerated

There is a false narrative that the cypherpunk comment "don't trust, verify" somehow applies to bitcoin.

This statement is discredited right in the abstract.

https://twitter.com/ghostrunit/status/1627702874414120977

Nodes trust what has occurred when they were gone.

There is nothing here about needing to verify.

Nodes trust the activity and actions of other nodes.

The attached is another example of a strawman argument that misrepresents statements that I have made in order to attack my position.

Firstly, I don't practice law even though I have in 2013 John to the College of Lawfor solicitor training.

https://twitter.com/tokenflow/status/1627295229001842688

Firstly, completing the training in 2013 and my barrister training in 2012 does not in itself make me a practicing lawyer. In addition, these are events that happened after the email to Mike Hearn

Ok
So I read this book last night.

my take is that it is really well written and quite balanced. I would give it about 70/30 for balance which is far better than many books today.

In addition, the Fed makes it easy for people to take potshots and use it as a target.

https://twitter.com/MarkEglinton/status/1627401976190324737

My summary is that this is an excellent history of how finding loopholes in regulation has led to problems in finance and the growth of finance as an industry. This has undermined the production capabilities of society

What I read this weekend... The book was well worth reading and interestingly provided insight into some of the changes in China that I did not monitor or see. BTC.com and the people behind that exchange started in 2011 when I wasn't taking notice of some of the activities.

Based on the recent poll...

I will be posting material each week that I've been working on.

I will start with the following and then link some of the others and also discuss books I've been reading. And

The Blockchain is a database that indexes transfers. The original method of transferring bitcoin was IP to IP.

Nodes only referenced the transfer.

A user send bitcoin directly to another user and only then after the exchange occurred would the transaction be referenced/indexed Consequently, the argument that your tokens exist in cyberspace on the Blockchain is false.

The Blockchain only maintains an index and partial information. The hash shared between users of data can reference far more information that is never stored on the Blockchain.

The privacy scheme in bitcoin isolates identity and firewalls this such that the public never need see the identity of an individual and the common owner of multiple transactions.

This does not mean that identity does not exist. While the index and database storing transfers only publicly reports the hash index referencing each coin, the underlying ownership remains associated with the identity of the individual is associated with the root key.

Securitisation is the process of converting existing assets or future cash flows into marketable securities.

Securitisation has been used as a means of dividing asset ownership for decades. If an asset exists, it is converted into an asset-backed securitisation. The conversion of future cash flows into marketable securities is known as future-flows securitisation.