If your podcast is predictable because you’re following the established party lines
and you’re analyzing everything through the lens of the same old dogma instead of thinking for yourself
Not only that you’re not gonna make it
You will get replaced by AI very soon!
Today I listened to my podcast during a long drive
I gotta say, it wad much better than expected
Understood some ideas much better when I didn’t have to think about what to say next
10/10 would listen again
Paul Sztorc is a marketing genius:
✅ found exactly the taboo element that triggers bitcoinerd (Satoshi’s coins on a fork)
⏱️ published the announcement about Ecash just a week after BIP361 proposed freezing Satoshi’s coins in BTC
🍿 got 6 million views in 24 hours with his tweet, now everyone has an opinion
If the Ecash software really delivers in late August, the entire industry will want to try it.
Even the guys who want to dump their Ecash to buy more Bitcoin will have to see how this works. They are forced to become users, even for a few minutes.
Then if the users stay, Bitcoin is in trouble.
What will Saylor do with his ecash airdrop in August?
Now that Paul announced a hard fork, Luke & Mechanic are cooked
💨 The spotlight is no longer on their brain farts
📼 Their ideas are old & stale
⛓️💥 If they were gonna announce a hard fork too, the shock factor is gone because someone else did it first
Knots might as well pack it up and hope everyone forgets about them soon so they can blend in with the conference crowd (very likely to happen)
Paul’s ecash hard fork is an excellent reason to:
1. Buy as much bitcoin as you can before August
2. Withdraw all coins from exchanges so you can claim your free ecash
Super bullish!
August 2017: Bitcoin Cash forks off from Bitcoin, claims that it’s the real Bitcoin.
November 2020: Bitcoin Cash creator forks BCH to create Ecash (XEC).
August 2026: Bitcoin dev creates fork, claims that it’s the real Ecash.
*chef’s kiss*
Paul Sztorc’s BIP 300 hard fork is coming at block 964000 (late August 2026)
It’s called Ecash, uses the LayerTwo Labs tech stack that you can already test on Bitcoin signet, and every BTC HODLer will get free coins 1:1
(Only Satoshi gets half)
Bitcoin Takeover
S17 E21: Paul Sztorc Hard Forks Bitcoin to Launch Ecash with Drivechains! - Bitcoin Takeover
After 15 years of being a BTC maximalist, Paul Sztorc decided to hard fork Bitcoin and create Ecash: a BIP300-powered cryptocurrency!
My interview with Zach Herbert is postponed
We’ll most likely do it next week in Vegas, to demo the features of the Passport Prime in person
I still want to do an interview tomorrow evening. Who should replace Zach?
Tag your favorite person in Bitcoin, let’s make it happen! 👇🏻
I’m more inclined to believe that Satoshi is Len Sassaman than Hal Finney
You can even tell how the relationship between Satoshi and Hal was like a young student talking with his older teacher
Satoshi thought Bitcoin could scale to Visa levels. Hal believed BTC-backed banks would emerge.
Satoshi didn’t include a block size limit until Hal Finney advised him to.
Satoshi wanted to only have 2 decimals (bitcoin & cents). Hal Finney convinced him to add 8.
Satoshi didn’t even use Hal’s Reusable Proof of Work.
Satoshi’s work schedule matches the academic calendar – and Len worked in university.
The Bitcoin code is hacky, features premature optimizations, originally came with a broken game of poker and an unfinished P2P marketplace with a reputation system like eBay. Hal would have designed and written much more elegant software, without unfinished bloat.
I could go on. But Hal is not Satoshi. Someone younger and idealistic like Len is a much better fit.
You tell your friend to buy bitcoin
But he buys HarryPotterObamaSonicInu10
Because the ticker is $BITCOIN
What do you do?
The reason why Bitcoin is so valuable is that you have multiple diverse communities that have different expectations for the network’s future.
You have the OG cypherpunks who like permissionless payments.
You have the Austrian economists who only care about scarcity.
You have the finance bros who use BTC as collateral for borrowing US dollars.
You have the DeFi tokens people who build metaprotocols on top of it to trade other assets.
You have the religious people who act like SPV doesn’t exist and they must run 3 home nodes next to their mining rigs, then they connect all mobile wallets to this setup.
You have the nerds who want Bitcoin to scale to 8 billion people and become truly fungible.
You have the privacy advocates who run CoinJoin servers, tumblers & mixers.
You have the BitVM hackers who build bridges to other chains and networks.
You have the Nostr dorks who live in a bubble of their own where custodial lightning is just fine.
You have the FX traders who bring liquidity into the system and keep it alive with price volatility.
You have the prostitutes, drug dealers, street hustlers, Russian oligarchs, Iranian Hormuz strait extortionists, Chinese spies, North Korean hackers who don’t care about any of this nonsense and just want to get paid without bank censorship.
If there was a unitary plan or vision for the Bitcoin project, it would be much less valuable.
If every branch decided to fork off to create their own individual chain, the ecosystem would be much less valuable.
But if everyone develops unrealistic expectations or else becomes too complacent, perpetual schisms will happen and valuable contributors will flee to other chains (a significant exodus already happened in Ethereum, Monero & Zcash).
This symbiosis is very fragile and one ragequit away from being disrupted. Which is why spooks try so hard to divide the community with ridiculous purity tests and a toxic culture that keeps newcomers away.
Outside of getting thousands of people super rich, what is Bitcoin’s biggest achievement?
We spent 4 decades building the infrastructure to make the nation state obsolete
Sovereign computing, open source software, unstoppable internet money, self-hosted cloud services and AI
We’re primed for a new era that maximizes the freedom of the individual by replacing coercion with consent
The most educated generation in the history of humankind is ready to start a new Renaissance
But Elon wants us to surrender our potential to the nation state and collect paychecks for doing nothing
Bring us back to feudalism in an era when we have the means to accomplish anything our ancestors dreamed about
My 2 cents on the whole “let’s freeze the bitcoins that don’t move to quantum resistant addresses” debate
JUST DO A FUCKING HARD FORK
Abandon the old network, let the quantum computers steal all the worthless coins
Move to a better chain that fixes all the issues of the current one
Let everyone claim their coins 1:1 on the new chain. Lost or unclaimed coins are still there, just in case the users return one day. Satoshi can return in a few decades, his coins will still be there.
Quantum resistance is exactly the kind of existential upgrade for which a hard fork is justified. Don’t half ass this upgrade with something so suboptimal that a limited time for moving coins is even proposed.
Soft forks are for trivial stuff. For anything major, just hard fork.
If #bitcoin was 1% faster, the blocks would get orphaned like crazy.
If the block size was 1% bigger, every node would blow up instantly.
If the difficulty adjusted 1 block faster, Bitcoin would be impossible.
None of this is random. Satoshi is God and his design is perfect.
Will interview Deadalnix (Amaury Sechet) in about 6 hours
He is the Bitcoin developer who created BCH in August 2017
and then once again forked BCH in 2020 to create Ecash (XEC)
Join the livestream to learn more about the technical differences between the various versions of the Bitcoin software
https://youtube.com/live/DiVwfHOY-i8?feature=share