*Attacks*
The whitepaper sets the terms honest and attacks as per the US CFAA and UK computer crime acts. Nodes are simple to trace, this is a part of the original system we need people to understand.
Intentionally double spending in order to gain an illegal advantage is analogous to cheque fraud.
Bitcoin is a system covered within the existing legislative framework, as it is. Attacks are incredibly expensive and very simple to trace. This is the power of bitcoin, it is economic in nature and defense. Once people see that you need large systems that can be seizedy easily in order to conduct an attack, and that this also comes with civil liability, it will be that "attacks" become a thing of history.
Bitcoin is economically secured.
It uses law
Bitcoin's power is economic asymmetry
Defense is cheaper than an attack
That is why it is distributed
CSW
Jan 13, 2020
https://metanet-icu.slack.com/archives/C5131HKFX/p1578951573069900?thread_ts=1578951573.069900&cid=C5131HKFX
https://t.me/CSW_Slack/2097
The whitepaper sets the terms honest and attacks as per the US CFAA and UK computer crime acts. Nodes are simple to trace, this is a part of the original system we need people to understand.
Intentionally double spending in order to gain an illegal advantage is analogous to cheque fraud.
Bitcoin is a system covered within the existing legislative framework, as it is. Attacks are incredibly expensive and very simple to trace. This is the power of bitcoin, it is economic in nature and defense. Once people see that you need large systems that can be seizedy easily in order to conduct an attack, and that this also comes with civil liability, it will be that "attacks" become a thing of history.
Bitcoin is economically secured.
It uses law
Bitcoin's power is economic asymmetry
Defense is cheaper than an attack
That is why it is distributed
CSW
Jan 13, 2020
https://metanet-icu.slack.com/archives/C5131HKFX/p1578951573069900?thread_ts=1578951573.069900&cid=C5131HKFX
https://t.me/CSW_Slack/2097
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