Post by Pampus

Check the difference in how these things are reported, laser eyes refuse to understand anything CSW says and they believe Code Is Law so Bitcoin must be able to operate without the law, CSW says No, laws still exist and Bitcoin operates within law:

@bitnorbert⚡version of events:
https://nitter.oksocial.net/bitnorbert/status/1755362730612023397#m
"I liked that COPA pressed Wright on whether legal action is required for Bitcoin to work. He was not able at all to explain how this is implied by the whitepaper, or how it's required by the system."

@292 Reporting:
https://nitter.cz/kurtwuckertjr/status/1755183807110529420#m
COPA: You see this discussion about nodes in this old doc.
CSW: This is about honest nodes taking legal action against dishonest nodes. I said they end up in server farms because they're easy to find. Systems of civil liability for being dishonest nodes.

COPA: Doesn't bitcoin work without any legal?
CSW: No. Honest and Dishonest are legal terms I learned in my law degree at Northumbria.

COPA: The reason bitcoin naturally moved toward a transactions system is that the block reward is diminishing.
CSW: That isn't the case in BTC Core. 3-4 TPS limits txs and makes them more expensive. $45-60 tx fees. No micropayments. You can't push them to thousands of dollars. However, as the block size grows, millions of TPS fees become valuable. In BTC, that pushes the price up.

COPA: That doesn't answer my question.
CSW: In the attack model, the reward is static and based on a known reward. The self-correcting nature is because dishonest can't win over time because people need to work for 100 blocks without honest nodes acting to injunct or otherwise fight for honesty.

COPA: We can deal with this with the independent experts, but the resistance to the attack is hard coded, not based on legal.
CSW: It doesn't say that. Honest people vs attackers can always catch up because you can always stop the attacker. It's not about hash power. In the 100 block non-payment period, honest nodes act.

Mellor: You say it would be easy to get an order. How do you ID a dishonest actor?
CSW: Nodes form large data centers. 13 in BTC. You put an order to the biggest hashers who run in AWS or similar.

Mellor: Is a dishonest actor anyone who isn't following the rules?
CSW: You take the hard coded rules and follow them. Rules are more than the agreement. Rules in a club naturally include UK law, right? Same in bitcoin.

COPA: You agree the white paper doesn't mention this?
CSW: It doesn't need to because the system defines honest and dishonest which have definitions in british law