again

casino.. your talking about your silly customers inside your silly network who wont accept a fork.

here is the thing though

its not about a customer several taints/descendants/love letters down forking..
its the 2009 address(2009 elvis) private key(2009 elvis pen) owner who still has the private key of the 2009 address that can make new chains after they got paid and your customers(i know you own the address and have a couple forum alt accounts)

by making a new elivis autograph for a new network that looks like it predates your first concept chain.... simply makes the first concept chain obsolete. completely

because no one inside your first concept chain actually gets control of the elvis address private key to prevent the elvis pen from creating new chains.

thats why no one would trust the elvis address because they cant stop the elvis pen signer from making more autographs for other chains thus making the first concept chain worthless

in short im saying because i know YOU are casino and onesig. who has the private key.. nothing is stopping YOU from signing a new chain into existence once you got paid.. and make it appear that 2nd concept predates you first concept chain. thus there is no value. they do not take ownership of the 2009 address to stop you. thus no value.

i was trying to be subtle but i think i was too subtle by calling you(casino+onsig) elvis and onesig

..
anyway outside your first concept chain knowing you can rip off your descendants by just creating a new autograph once you got paid. you outside first concept chain can then make another chain..
it wont be a fork that a descendant done.. because they never get the private key of 2009 address

it would be you creating a new chain from elvis(2009 address) by creating a sig to a new group of descendants that you add in a hash/epoch that predates first concept chain. thus making second concept chain the new prime chain and the first concept chain becomes defunct.


anyways putting all that crap aside..
inside the chain(s) you create. they also have no value because great grandchild that is 3 signatures down from elvis address.. is not holding or owning anything elvis address related. all they hold is a message from their parent

that message is not of any value. it has nothing to do with the 2009 address.
its just a emily loves jeff message.. a couple generations after
onesig loves emily and
elvis loves onesig

but apart from a love letter parent loves child chain.. the chain does nothing else.

this can be "fooled" too

if just adding a date..
the true owner of the 2009 address can at any time..
create a new chain. and put an epoch time in a sig of 1291513567 (dec 2009) and then just hash a block with low difficulty and reference that hash in a next signature message where by they pretend to have transferred it every 6 months for 13 years they can easily reference a previous hash of 26 taints previous hashes and pretend each are done 6 months apart by just adding 15778463 to the epoch time each time they sign.. even though reality is they done 26 signatures in one day

and boom. this new chain has a better provenance than this topics sigchain is pretending to have provenance of

thus making the sigchain proposed no longer valid

it would be better to use a blockchasn of a network outside of the sigchain block. such as current bitcoin blockheight hash

but that too can be faked by just putting in a blockhash of late 2009 as the start of a new chain to make it appear that the new chain is the original by having a older bitcoin hash included

..
trying to turn taint(provenance) into value.. is not a real thing

taint(chain of provenance)  back to original creator, is not ownership of original creator
.. but that still doesnt fix the big picture flaw of his concept.  
the current signature message has nothing to do with the first message anymore.. thus retains no value the more descendants of taint there are

the crypto "trial" that began september 2021 using lightning failed because of liquidity bottlenecks of the network(no surprise)
by spring 2022 they moved over to using a CEX to be the back bone of btc accounts allowing withdrawals and deposits and trading of actual BTC instead of altnet tokens of LN that got stuck and caused headaches for many citizens,

so things have moved forward
the office will be overseeing/regulating this CEX and ensure the CEX runs correctly for its citizens and also help plan out other bitcoin projects.

seems like a few steps forward to me compared to the september 2021 problematic trial

but bitcoin is not just creating a coin thats passed to a decendant ..

bitcoin has other functions.
it actually also has an underlying COST.(mining cost)

check hal finneys post about price discovery.

users in 2010 gave it a price because of cost them $0.07 to mine 1 btc. and those that didnt want to burn their cpu/gpu for an hour or so per coin would instead just buy it instantly to save time and stress, and usually pay a premium for instant access to coin without the stress/burn cost.

it had a underlying value(mining cost)..and above that meket speculated premium(price)

functionally: bitcoin has utility. too
you can do things with bitcoin. which you cant with your signature chain

your 'pass a love letter' has no underlying value cost apart from a conversation starter at parties where people can make a clam that they own something and show proof of some provenance.. yet reality is they have no ownership of the original item you say it does

because the descendants dont get the private key (the underlying asset you pretend they get to own)

your not selling ownership. at best case.. your selling province proofs. without the starter item actually moving ownership. thus its not real provenance

'transfer it"

your not transfering ownership of the genesis address..

your just playing a chain later game of naming the person you want to show love for

you are getting no ownership control or access of the genesis address. so you are not changing/transferring ownership of it

if you want to play a game of 'name someone you love/trust to have been named by you'.. create a reputation system

EG if onesig was to sign to 5 people .. that means he trusts 5 people. where if one of those people gains signatures naming them from lots of people. that means lots of people trust that user.

which is a value creation system.

however
elvis loves onesig
onesig loves emily
emily loves jeff
jeff loves stacey.
means that stacey does not get elvises estate in her will, she doesnt even get to be elvises next o f kin. nor even gets the pen elvis autographed to onesig with..
she just gets to try to con someone else into buying a love letter from stacey to staceys victim. under the pretend that the victim is getting to own elvises pen used to autograph

though stacey has no ownership of any of that to give to the victim in real life outside the "chain"

your system is not creating real value or utility.

..
look i understand the premiss. it was like them games some forum members done years ago, where they established a set of bitcoin to represent a kitten or diamond and they seen how far it would grow via transferring it at a X rate of premium per trade.

but your system does not actually transfer the real control of the genesis item you pretend users several taints forward are promised to receive.

you are just getting people to sell their love of a next victim by signing you love them. and they sell their love forward to whomever buys their love by naming them

just going by UK paper fiat currency.. of government money creation(bonds and QE)

when UK government want to create say $50b
they create a bond(agreement/loan) with bank of england(central).

this is where they will give the BoE 5.1b a year for 10 years(paid via tax revenue)

this digital $50b is created by BoE and sent to the government treasury account.. to be spent by government for public services. which ends up in circulation and bank(commercial) accounts of employees of public services and thus moves around to wherever they spend it next

this $50b generates $5b(10%) in tax revenue + more on the re-spends as it circulates within a year.

so now the banks(commercial) of the public now has combined extra $50b spread over customer accounts

this also means the government needs to print $2.5billion of bank notes at a print price of $25m(10p per $10 bank note)..
just so that banks(commercial) can have on hand 5% of account balance of the new amounts thats are $50b higher.. (so that ATM's are full to meet the 5% cashflow demands of withdrawals)

but the commercial banks have to buy those bank notes from the government at face value of combined $2.5b (not the governments print price)

so while the banks(commercial) hold $50b of new money. it cost them $2.5b  to end the story of the money creation process

by going CBDC the commercial banks can save themselves $2.5b every time a central bank or government wants to inject another $50b

however it means that the government treasury cannot collect on the $2.475b profit from the money creation. but still has to pay back the $5.1b a year to the BoE in repayments.

however..
by going CBDC the government can ,amdate that commercial banks monitor the income and outgoing of tier 2-3 wallets that are KYC and tax banded. and ensure the commercial banks report incomes over X so that the government can request tax from those accounts easier (send payment requests/invoices or go to court to get court order to mandate payment seizure) which is something not so easy to do in the old fiat way. thus the rich end up actually paying tax and not hiding it away as easily

.. well thats the theory and their best case scenario for CDBC

CBDC isnt suppose to save the paper fiat.. its suppose to replace it(emphasis: slowly over years.. not months)

the blog post in the topic creators rant is a blog about how in less than a year 1% of population used CBDC

this is because the role out was not africa wide and also in africa no one was 100% single currency so trying to get 100% in less then a year was never a goal..

even el salvador did not adopt msats(Lightning network) in 4 months before el salvador tried a new approach to get people to start using crypto. but in the 9 months after first 4month trial not all el salvadorians are using crypto

---

using the details of china;s CBDC as many think that in their tin foil theories is the worse case use of CDBC

people can have "cash"(no kyc) wallet. where there are no barriers of entry and no big surveilance..

the pitfalls of most CBDC
small deposit/withdrawal amounts

as for surveillance. its not the central bank(gov) doing the watching and authorising of peoples/business payments.. like fiat thats for commercial banks.
and those commercial banks hold the KYC of tier 2,3 not the central bank
there are still regulators that commercial banks report to and they report to courts and courts authorise the data grab.of tier 2/3 customers/businesses

.. so it operates the same as the US fiat system now. just electronic
the pitfuls is that the commercial banks can more tightly watch on the riches money movements and tax report them easier. no more suitcases of digital cash un accounted for. for the rich. only pocket money wallets of digital "cash" for  the small spenders

for those that cant read lengths of text or do research.. here's the summary..
its B not A


to find out what i am on about try to read

alot of people are screaming with tears and tin foil that CBDC is evil. devils hand stuff.. but its obvious those people have never read a CBDC whitepapers or examined one close up. they just found a blog piece of some other non researcher that calls it bad, just to back up the screamers bias

..

many many CBDC are not set up the way cry babies think. yes there are pitfuls. but its not what you think

for one. although a central bank "pre-mines"(to compare buzzwords) trillions. they then distribute that to several commercial banks. and its the commercial banks that do the day to day work of keeping the bank statements(tx history) and also a separate database for KYC.

in many CBDC the commercial banks offer 3 tiers of accounts(wallets)
if you're on a low income needing only to ever receive or spend under X per month. meaning say $1k a month and 'save' upto $12k a year
meaning low untaxable threshold spend accounts.. there would be no KYC

then for middle income there is basic kyc
and then for large businesses/rich there is full KYC

much like how VisaCard offers:
a no kyc virtual/debit gift card program
a basic account debit/credit card with basic kyc
and a platinum/black card for the rich with full due diligence/kyc

obviously if you want to receive more than $1k in any one go you need to upgrade to the middle tier. and if rich upgrade to top tier. but you can still have a spare bottom tier account(wallet) for just play money spend amounts

there is also fundamental rules built into these systems like fungibility where by it requires court orders for authorities to gain the KYC data from the COMMERCIAL BANKS and also to freeze accounts

yep even china's CBDC functions like US fiat today
yep even chinas e-yuan is not an (A) scenario. its (b)

not quite
its more like if a estate agent wants to charge say 30% of a income for rent. by a person bringing relatives into the "total income"  it then means the "income" reaches the threshold

EG imagine basic rent was $150 a week for a not so poverty level suburb house(min wage/poverty level being $120 rent in this example)

but a min wage person earned 400 a week
thats more then the 30% income
a min wage person at 30% should get rent at $120, not $150

but the min wage person refuses to live in the "poor" suburb, so includes  parents. that mean income is over $1.2k so they can lock in a assured income of rentable properties upto $360 based on family combined income.. so its then deemed viable to give the deal of $150 a week rent
because now its assured income, where parents (should) bail out the offspring if rent isnt paid in full

however the parents dont then hand the offspring their share to keep up with the rent($30 a week extra), they let the offspring find their own way of covering the extra $30 beyond their means

its not about house builds. its about house prices.

there is enough homes being built per year
2021 seen 1.6m home built[1]

if you look at the population growth rate of 2002-2003[2]
2003    291,109,820
2002    288,350,252

=2,759,568.. but remember its usually people growing up over 18 years then getting their own place once they found a partner..
so for every 2 births becomes a need of 1 home 18-20 years later

so population /2 = 1,379,784
(you see the homes in 2020 was 1,379,600[1])
[1] house builds
[2] population growth


so the math calculates correctly of supply/demand..

however its the market rate of inflation and crisis and mortgage interest that pushs the price.. not supply/demand

the solution is not more houses. because people will still set their prices according to their position in the costs of inflation and interest that means their break even rate.

supply/demand is usually how much "bubble" premium ontop of underlying costs.. which push prices too far if in a bubble

however underlying costs of having a home still keeps house prices above a certain amount

so the solution (repeating my self for emphasis) is not to build your way to discount.

instead its to tier-up the market to protect the housing market above a certain level from dropping whilst freeing up price bands at the bottom for starter homes/low income housing

in short the whole housing market does not need to crash to get cheap homes

---

its the same argument as the bitcoin tx fee
instead of everyone paying more in congestion.. charge the spammers that have utxo's of under 7 confirms pay more sat/byte. while offering lower price for those that move coins less often..
using a tiered fee mechanism

when the rich say sell at a crash.. you obviously buy the dip
when the rich say buy the hype.. you obviously sell at the bubble

when they know a TV/washing machine will be a higher price in 2023 than 2022, you know to buy it in 2022

i am not saying all elite influencers say the opposite to good advice, but before using your money to test their theory. do research and use a calculator to test their theory

back in march when the crisis ramped up.. i bought new TV's and washing machines, etc. i totally re-kitted home. and still got to buy back in some coin at a profit

selling 0.2btc at $60k got me $12k
bought appliences/devices for $6k
bought $6k of btc in late summer at $30k/btc
got 0.2btc

im happy
plus i know goods will be higher price in 2023-2024 so no point waiting to buy goods in future years of the next cycle of halving event

however....
its a bad time to sell coin now to buy goods and hope to buy back coin again early 2023 to recoup coins

so buying and stocking up on goods in spring-summer 2022 using coin  was a great deal then but a bad bad deal now.

if you have fiat to spare throw it into crypto while crypto prices are low.

but they are right for crypto advice dont use crypto money to buy goods now.

however if you are pure fiat and have no involvement or no intention to get involved in crypto.. dont hold fiat for a year(to buy goods next autum-winter). buy goods while cheap this winter (january/winter sale is optimum)

just dont take anyones opinion as fact(dont auto trust someone without thinking) to blindly follow.. get out a calculator and run some scenarios and do some research based on their advice and see which ones fit the narrative.. and then trust the one that fits best

buy low, sell high. always applies

the US investigations only stretch to FTX.us

where by for he customers of FTX.us. SBF has said that assets hav been recently put into the [dot]us company to make them whole. and such if customers can get their value back. then there is not much the courts can do..

the big controversies of FTX are not so much about the 1.2m of minnow traders of ftx.us..  but in the 10k-100k whale investors of FTX global

investors of the global business are subject to the bahama or japanese jurisdictions which is where the "debt" is held for the investors that lost funds in the global group of FTX

firstly in NFT. the hash is a rpresentation of the product. its an ID. and that hash stays the same and is passed on. meaning the ID is passed on

your signatures are using different ID's all the time. meaning the person 1,2,3,4,5 signature taint descendants. is not getting OWNERSHIP of an id because the message has nothing to do with source/genesis id.

plus the provenance can be broken easily

also. from a value prospective. what stacey gets is of no value.

also apart from trying to pretend you are selling a genesis of sigchain to descendants(which is not actually happening) your not even able to prevent the genesis creator from creating more genesis's
thus breaking any value of the whole network
..

however if you had some kind of reputation system. where each persons reputation could be quantified and given a value then that could reciprocate down to give other people some rep value.

but your system does none of that. it solves no purpose or has no function and gives no true ownership. thus it has no value within the signature messages. nor as a whole system value.

in short you are trying to create a altcoin with no function or value promise... so try to think of a whole different idea completely

im not worried about birth rates.

what i see is the governments are..

less population at the bottom means less people feeding money into tax/pension pots. so if there are more edlerly it means more outgoing money then incoming money when it comes to state/government pensions

i do find some government schemes funny
how they will (steal) asylum seeker kids and put them into foster care and give foster parents money to maintain the kids. yea it boosts the population numbers at the bottom. whilst costing the government more per week than paying out a pension
(foster parents get $400 a week per kid, pensioners get $150)

brexit makes it more difficult to emigrate for pensioners wanting to retire in spain(main stereotype)
yet brexit allows tax havens(freeports) for tax duty on goods imports

raise minimum wage but not tax-free allowance for the poor. but offer a tax free windfall for the energy sector already making billions in profit for the rich

..
i say all this drama about concerns of birth rate is not about future labour markets. less workers=more job opportunities for the rest. meaning less unemployment, also les stress on education class sizes and such

i can always spot peoples prices..

the topic creator bought in summer at $24k and by his predictions i can spot he wants a -2x to buy in huge at half price his first investment

its the same as those that bought in at the $50 then promote "bitcoin ro $100k"

people are not doing any research on any fundemental reason the network and price would move to these levels in peoples time frames. they are just shouting the prices they want to see to buy more or to sell. and hope they get a huge amount of replies agreeing with their sentiment so they can ease their mind its possible

unless hashrate comes below 200exa long term. the underlying value of efficient wont rescind below $12k to allow the market speculation price which sits above value to correct down to $12k

unless inefficient mining costs have substantial increase where many countries (if they mine) have a +$100k cost. no one is willing to buy from market at $100k

the ATH topped out at $70k in 2021 because location on the planet, (should they want to mine) could mine for under $75k last year

the markets are bottoming out at $15.6k because no one on the planet was able to acquire bitcoin from mining or private OTC for less than $15k earlier this year

if no one on the planet wants to sell below X(bottom) and no one on the planet wants to buy for Y(top)
then the market price sits inbetween X and Y

X and Y become the ultimate support and resistances of the market price window of trade speculation

principles of bitcoin (the 10 commandments)

1. once confirmed,.. its confirmed
2. not your key not your bitcoin
3. immutable not editable
4. world view, personal storage
5. PoW gives non-zero bottom value
6. no ID, no worries
7. no central point, no central target
8. no refund, no chargeback
9. no double spend, no counterfeit
10. majority rules, minority falls

translating some of the less clear
4. world view, personal storage
    spend around the world but they cant take from you

5. PoW gives non-zero bottom value
    below the market is a place efficient miners acquire coins.
    if no one on the planet can get coin for less than this.
    nor wants to sell below acquisition cost.
    then the price cant fall to zero
    (unless something drastic kills hashrate long term(6month+))

correct and correct and correct. i came to the same conclusions, he trying to push a "social influencer" story of posh living/lifestyle to get some fame and trust and then push some project/brand for sponsorship

at the moment twitter/youtube trend words are "not your key not your coin", "ftx fail" "contagion" "decentralise" "bank run"
so if he can be seen in a media piece that triggers all keywords to get fame. he can then sell his viewership to sponsors

its how most youtube bitcoin influencers gain subscribers.... be part of a current trend and say something that currently make sense to win fans

like "get your coins off CEX" is just common sense

again you are not handing over ownership becasue the receiver doesnt have the key to sign using the base address you pretend that they get to own


separately

im not talking about for instance jeff signing to stacey and jeff also signs to audrey for jeff to "fork" the network several 'blocks' down your chain

im talking about elvis(genesis owner) who signed to onesignature and to franky+2012 timestamp.. so that there are 2 different genesis's(block 0's)

where by the franks first block becomes the prime chain because the onesignature first block seems to be newer by not having a 2012 presumed linkage of provenance from elvis
..
but the problems still remain. there is no value in buying or trading an autograph that is not even elvises handwritten name to one of his fans
(im subtly hinting a fix for you(include date in signed message to help ensure if there was duplicates signed messages from same sender. only earliest date stays on chain*) while also pointing out a flaw of the big picture)

*technically not a fix. but just stepping a flaw out of a flaw of flaws(one less snowball roll of an avalanche of snowballs)
..
as for the big picture of will your network as a whole be of value to other people. does it have any utility.. thus will the 'blocks' /proof' be of value.. to people that are not you..


again you love letter chain is not elvis signing new love letters to give value to that love letter to a new holder.. its where you are having
elvis generate(genesis) a love letter to onesig.
and its then one sig that writes a love letter to emily
and its emily that writes a love letter to jeff
and its jeff that writes a love letter to stacey

the value of someone seeing a love letter between:
onesig to emily. has less/no value than the one between elvis and onesig
emily to jeff. has even less/no value than between onesig to emily
jeff to stacey. has even less/no value than between emily to jeff.
jeff and stacey.. is not as valuable as a love letter from elvis to stacey..

stacey does not have and will not get a love letter from elvis. so stacey has nothing of good value to sell on


i know what your chain is trying to do. i read it and understand your premiss of design.. but you have to look at the value from the prospective of other users looking at what your chain actualy gives them.

so one last time

imagine your own family
imagine your grandmother got elvises autograph in 1960's

in the 1980's your grandma signed a birthday card to your mother
in 2000 your mother signed a birthday card to you.
and in 2020 you signed a birthday card to your daughter

the story is that your daughter owns some linkage to your granda, (daughters great grandma) meeting elvis .. but its a story. your daughters birthday card is not a elvis autograph.

yes you can pull out the draw all the autographs so show a chain..
but what your daughter holds/owns is not elvises autograph. its YOUR auto graph that has les value, if any

do you really think that your future grand daughter would buy her moms birthday card. of just inherit it and stick it in the draw with the other cards and just look at for interests sake

think about what your daughter is getting an does what she get have any elvis value. or just daddy love value

you dont need to build millions of houses to crank the entire market rate of housing down.

instead you start a system of tier's
where certain locations be tiered at different $x/sqr m

where by as market rate of 'comps' rise. their 'tier' rises. and then that reciprocates down. to the base tier housing which moves up. and so it free's the bottom tier to then make new housing at the low level cost

EG prime real estate in the top echelons of elitism are tier rated as AAA which base value is $20k/m²

social housing as ZZZ
if someone buys their social housing they become ZZY or better straight away

but your signature chain. is not moving coin. its moving address notifications

which have no value/utility outside your chain

also. nothing stops them making many signatures at genesis creator level. thus if there was some modicum of value in signature chain 1.. guess what. that gets diluted instantly

especially if i started a signature chain that has a 2012 timestamp included thus i steal provenance from your 2022 chain making your 2022 useless