Bitcoin was issued in 2009 when I launched the network. It is distributed under a pre-arranged pattern that is issued in a unilateral contract. A unilateral contract is one where I make an offer to the world and those nodes that seek to be paid accept the offer by working on it. The consideration is the transfer and distribution of bitcoin.
That is from me to them.
Miners enforce the rules. A consortium of minors or nodes as defined in section 5 of the White Paper do not create rules, do not vote on protocol but rather accept one of two options.
Option one
The nodes act within the law and legally, they act to enforce the rules which includes financial services law and court orders or;
Option two
They are an attacker and hence a malicious actor who are subject to criminal provisions.
CSW
Sep 9,. 2020
https://metanet-icu.slack.com/archives/C5131HKFX/p1599648470410800?thread_ts=1599646019.409500&cid=C5131HKFX
That is from me to them.
Miners enforce the rules. A consortium of minors or nodes as defined in section 5 of the White Paper do not create rules, do not vote on protocol but rather accept one of two options.
Option one
The nodes act within the law and legally, they act to enforce the rules which includes financial services law and court orders or;
Option two
They are an attacker and hence a malicious actor who are subject to criminal provisions.
CSW
Sep 9,. 2020
https://metanet-icu.slack.com/archives/C5131HKFX/p1599648470410800?thread_ts=1599646019.409500&cid=C5131HKFX
That is, removing a transaction from the UTXO set and pruning it from nodes.
Remember, pruning is a part of the White paper
CSW
Jan 21, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1611217291050300?thread_ts=1611215905.041000&cid=C5131HKFX
Remember, pruning is a part of the White paper
CSW
Jan 21, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1611217291050300?thread_ts=1611215905.041000&cid=C5131HKFX
Before I leave you for the day, point you to the meaning of the word ownership as Blackβs legal dictionary defines it.[1] The ownership of bitcoin has been upheld in its real sense across many court cases worldwide and in the UK. Ownership is different from mere possession. Moreover, the ability to have a bailment of assets in bitcoin differentiates it fundamentally. It is the first digital asset that this has been available to. That does not mean you cannot recover; bitcoin is not encrypted. I have stated this many times, and people have dismissed what Iβve said; whilst you cannot recover encrypted assets and files without a key, bitcoin is not encrypted in any way.
I have several papers, work for nChain, and several assignments that I need to get busy with over the next few days so, I shall leave you to cogitate further without my intervention. You may note, I shall be rather quiet for the next few days, I'm not avoiding people but I have assignments for four universities due by the weekend and I have at least eight papers to review for work each of which is about eighty pages in length.
For now, I will leave you with that word and the whitepaper. When you read the whitepaper, note that it defines ownership in the legal sense of the word. The Bitcoin White Paper does not define key holding.
[1] ownership (enacademic.com)
CSW
Feb 24, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1614183557236000?thread_ts=1614183557.236000&cid=C5131HKFX
I have several papers, work for nChain, and several assignments that I need to get busy with over the next few days so, I shall leave you to cogitate further without my intervention. You may note, I shall be rather quiet for the next few days, I'm not avoiding people but I have assignments for four universities due by the weekend and I have at least eight papers to review for work each of which is about eighty pages in length.
For now, I will leave you with that word and the whitepaper. When you read the whitepaper, note that it defines ownership in the legal sense of the word. The Bitcoin White Paper does not define key holding.
[1] ownership (enacademic.com)
CSW
Feb 24, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1614183557236000?thread_ts=1614183557.236000&cid=C5131HKFX