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Originally Posted by PTLou
ya. just one quick example of US govt going after non-US citizen outside of their jurisdiction. im not a lawyer, and all I know about this you just posted.
That isn't how law works and its not true.
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Im pretty clear on the definition of the word protocol.
was asking you to succinctly describe (<30 words) the protocol you are presenting ITT, not give me the Merriam Webster definition of the word.
I've been clear. You are not clear on law. I have already traversed the relevant cases and I'm quite knowledgeable on how and why bitcoin is able to escape the jurisdiction of every constitutional based legal framework.
The simple explanation is you take the parts of the operations that government has jurisdiction over and you make them a p2p protocol. Thats the legal.
Cost wise, you take the components of the current legacy business/industry model that are the most costly and you arrange the solution such that a significant amount of the costs can be shared and the complexity of the rest of the design is reduced.
And you make the resulting solution into psedocode, and then translate into a language that fires p2p contracts. And then you release the protocol as a non-proprietary open source software that anyone can use or copy.