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2024-10-23 Application for Intervention .pdf
875.2 KB
Application for Intervention: Case Law, CPR, and Best Practices for Allowing Parties to Join and Prove Detrimental Reliance

CSW
Oct 23, 2024
https://metanet-icu.slack.com/archives/C5131HKFX/p1729669200147329

https://www.tg-me.com/CSW_Slack/6708
Attached is an example witness statement that you can use as a template.

CSW
Oct 23, 2024
https://metanet-icu.slack.com/archives/C5131HKFX/p1729670821173309

https://www.tg-me.com/CSW_Slack/6713
Witness Statement.docx
25.6 KB
Attached is an example witness statement that you can use as a template.

CSW
Oct 23, 2024
https://metanet-icu.slack.com/archives/C5131HKFX/p1729670821173309

https://www.tg-me.com/CSW_Slack/6713
Impact on Small Holders: Transaction Costs Exceeding Value
The following will give you an example of some types of things you can say.
Note while I'm giving examples of this needs to be your own words and you need to be able to demonstrate each of the areas factually

CSW
Oct 23, 2024
https://metanet-icu.slack.com/archives/C5131HKFX/p1729670923092989

https://www.tg-me.com/CSW_Slack/6713
Impact on Small Holders: Transaction Costs Exceeding Value
The following will give you an example of some types of things you can say.
Note while I'm giving examples of this needs to be your own words and you need to be able to demonstrate each of the areas factually

When I invested in Bitcoin, part of the appeal was its promise as a system for low-value, everyday transactions. Like many small holders, I believed that Bitcoin could be used as a form of digital cash—enabling me to store and transact small amounts without incurring significant costs. At the time of my investment, Bitcoin was promoted as a scalable and low-fee network, making it ideal for small transactions, such as sending small payments or making micro-purchases.

However, due to changes in the protocol introduced by BTC Core, this is no longer the case. The transaction fees on the Bitcoin (BTC) network have increased dramatically, often exceeding the value of the small amounts I hold. As a result, the cost of moving or spending my Bitcoin has become prohibitively expensive, effectively locking me out of using or transferring my funds.

For example, if I hold a small amount of Bitcoin worth $50, attempting to make a transaction could incur fees of $10 or more, meaning that I would lose a significant percentage—or even all—of the value in fees alone. This reality contradicts the original promise of Bitcoin, where small transactions were meant to be affordable and accessible to everyone, regardless of the amount they held.
For small holders like myself, BTC Core’s changes have rendered Bitcoin unusable for its original purpose as digital cash. Instead of being able to transact freely and move small amounts without excessive cost, I am now unable to use or transfer my Bitcoin without suffering financial loss. This has caused me and other small holders to lose money, as the cost of transacting often exceeds the value of the Bitcoin we own.

BTC Core’s changes have therefore not only devalued my investment but have also made it impossible for small holders to participate in the Bitcoin network as originally intended. This shift towards high transaction costs undermines Bitcoin’s utility and has made it a system that only benefits large holders, while small holders are effectively left behind.

CSW
Oct 23, 2024
https://metanet-icu.slack.com/archives/C5131HKFX/p1729670923092989

https://www.tg-me.com/CSW_Slack/6715
Impacto en los pequeños tenedores: los costos de transacción superan el valor
A continuación, se ofrece un ejemplo de algunos tipos de cosas que puede decir.
Tenga en cuenta que, si bien estoy dando ejemplos, esto debe ser con sus propias palabras y debe poder demostrar cada una de las áreas con hechos.

Cuando invertí en Bitcoin, parte del atractivo era su promesa como un sistema para transacciones cotidianas de bajo valor. Como muchos pequeños tenedores, creía que Bitcoin podía usarse como una forma de efectivo digital, lo que me permitía almacenar y realizar transacciones de pequeñas cantidades sin incurrir en costos significativos. En el momento de mi inversión, Bitcoin se promocionaba como una red escalable y de bajo costo, lo que la hacía ideal para pequeñas transacciones, como enviar pequeños pagos o realizar microcompras.

Sin embargo, debido a los cambios en el protocolo introducidos por BTC Core, este ya no es el caso. Las tarifas de transacción en la red Bitcoin (BTC) han aumentado drásticamente, a menudo excediendo el valor de las pequeñas cantidades que tengo. Como resultado, el costo de mover o gastar mis Bitcoin se ha vuelto prohibitivamente caro, lo que me impide usar o transferir mis fondos.

Por ejemplo, si tengo una pequeña cantidad de Bitcoin por valor de $50, intentar realizar una transacción podría generar tarifas de $10 o más, lo que significa que perdería un porcentaje significativo, o incluso la totalidad, del valor solo en tarifas. Esta realidad contradice la promesa original de Bitcoin, donde las pequeñas transacciones estaban destinadas a ser asequibles y accesibles para todos, independientemente de la cantidad que tuvieran.

Para los pequeños poseedores como yo, los cambios de BTC Core han hecho que Bitcoin sea inutilizable para su propósito original como dinero digital. En lugar de poder realizar transacciones libremente y mover pequeñas cantidades sin un costo excesivo, ahora no puedo usar o transferir mi Bitcoin sin sufrir pérdidas financieras. Esto ha hecho que yo y otros pequeños poseedores perdamos dinero, ya que el costo de la transacción a menudo excede el valor del Bitcoin que poseemos.

Por lo tanto, los cambios de BTC Core no solo han devaluado mi inversión, sino que también han hecho imposible que los pequeños poseedores participen en la red de Bitcoin como se pretendía originalmente. Este cambio hacia unos costes de transacción elevados socava la utilidad de Bitcoin y lo ha convertido en un sistema que solo beneficia a los grandes tenedores, mientras que los pequeños tenedores quedan prácticamente rezagados.

CSW
23 de octubre de 2024
https://metanet-icu.slack.com/archives/C5131HKFX/p1729670923092989

https://www.tg-me.com/CSW_Slack/6715
Deed.docx
26.7 KB
Please note, I have already filed N244 and what I need from people is evidence and witness statements.

The attached is on here to be witnessed.

Please link this publicly as much as you want, the deed as I promised is to be countersigned by someone, you are all effectively witnesses.

CSW
Oct 23, 2024
https://metanet-icu.slack.com/archives/C5131HKFX/p1729671889082139

https://www.tg-me.com/CSW_Slack/6718
2025/07/01 11:07:23
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