The Bitcoin Blake2B Hard Fork: 99.99% Didn't See It Coming. 100% of Us Were Covered.
Satoshi's genius comes in many forms. He arrived anonymously and remained untraceable, which is all but unthinkable in a digital world. He assembled a unique combination of existing and proven software, and added his own novel solutions to close the loopholes in double-spending.
But unlike most builders, he also knew how to market. He provided incentives for adoption of the perfect product based on greed. In other words he knew how humans work as well as how 0's and 1's function.
The real genius is how he propagated BTC when nobody was looking. It has been well documented how he mined 1 million and has sat on them. But 5% of the float could only do so much. He made sure 10 million BTC, half the float, were mined on laptops by the plebs before the first halving, embedding sleeper cells as it were, globally while the state slept – or more likely, waited to swoop, thinking they had this breakaway covered.
For me the real genius behind Satoshi's white paper is now being revealed with the Blake2B hard fork. And yes — this fork is happening now. The hash algorithm has changed, the commercial miners are gone, and the chain is back in the hands of the dispersed few.
Satoshi knew the state would not allow BTC to operate outside their system. At some point, they would intervene and co-opt the fruits of the greed that had mined millions of BTC. He knew BTC would be captured, and the mindset of a sizeable percentage of newcomer holders — the ICO, then FTX, then ETF wave — would infect the protocol with fiat mindsets and spread despair amongst the OGs and true believers in the Satoshi mission.
Not that he foresaw the specific attack vectors. But he knew enough about builders — he was one, and he called his own early intervention a mistake — to know that protection always becomes capture, that others would err as he did, and that eventually a hard fork would come good and keep the project alive. He built hard-fork capability into the protocol, making decapture permanently available. He had them all covered — the naive NGU brigade, the frustrated and disgruntled OGs.
Every commercial miner has been a useful idiot — but not useful in a cruel, exploitative way. Every person lulled into NGU while doing nothing to strengthen the BTC network has also obliged the mission to propagate the myth of bitcoin. Arguably even the cypherpunks who have only ever acted in good faith have been treated like useful idiots. Everyone raising a stink, defending the protocol, talking it up as the greatest asymmetric bet of all time, we have all been raising the profile of bitcoin as a contrarian solution to fiat money.
The greedy fuelled the birth and growth. It was doing the right thing the wrong way for a purist idealist — but it got bitcoin to where it needed to be. And the kind twist is this: the useful idiots are not being rug-pulled. 99.99% of us did not see this coming, the miners spent their funds on electricity to birth bitcoin. Now all BTC holders are being gifted a matching float of the real bitcoin.
Real Bitcoin should not be viewed as a contentious term. The hard fork option was passive genius. By nature they are contentious, divisive, challenging to those who have committed fully to the bitcoin of the day, now confronted with the realisation that they had it wrong and the hard fork has it right.
Not even Satoshi got it right the first time he intervened at the protocol level, seeing his own intervention as a mistake. After the Blockchain Wars, BCH and BSV hard-forked, casting doubt in the OG believers' thesis that BTC was the only true money. But they too got it wrong, hard-forking along the same path with a few cosmetic tweaks.
Now, this hard fork is different. And this is the genius of Satoshi the marketer and strategist coming to the fore.
Satoshi must have known the general truth: BTC would never be allowed to work by the state. It was literally a bare knuckle fight, no protection for either side. And the state was the 800lb Goliath against a nimble David. History is showing how violent and insidious the state can be, how long a game they can play to get the outcome they want to maintain the status quo. But they have now been check-mated — theoretically, for now. Right now the fork looks vulnerable, young hash under dispersed CPU/GPU protection, and the cost of attacking a community-run chain is Goliath's problem, not ours. If we get through this window, the theory hardens into natural law.
And to repeat, the beauty of this hard fork is that the useful idiots, far from being rug-pulled, have been rewarded with a matching amount of what is now the real bitcoin.
Capital flows to the hardest money. BTC is now the buffer between the real bitcoin, let's call it Blake2B, and the state's fiat system. Blake2B never ever has to sell into the fiat world. Inside the community, you trade labour for Blake2B. You only ever spend fiat at the door — and you spend it buying in. If the community needs to pay a fiat bill, it sells BTC, the most liquid asset on earth, and buys dollars or euros. Blake itself never crosses back.
That is the airlock the original BTC never had. Its only connection to the real world was a direct fiat trade — exposure was in its design, capture was its destiny. Blake2B's setup permits purity where the original only permitted contact.
It's that simple. Everyone who wants Bitcoin to win now has the tools to make it so. Exchanges can set up and offer huge amounts of dollars for Blake2B — the community need never trade there. That is the job of BTC, the asset you can sell 24/7 on the global market. You sell BTC to pay fiat bills; you use your Blake2B to build the parallel circular economy Satoshi envisioned. The BTC holders who sell their inherited Blake, thinking it worthless? They are the relay. Their exit is the entry for new blood to the Blake2B community.
And if somehow we get it wrong this time, we shut it down, curse the stupidity, and try again — the next hard fork will have BTC and Blake2B as a buffer against the fiat world, and the architecture, fine-tuned once more towards purer mining decentralisation.
Bitcoin is inevitable, but not in the way it has been portrayed by the influencers. It's time to change the BTC chip and pívot to the real bitcoin.
#bip110 #blake2b #btc @Desert Dave @Luke Dashjr @Matthew Kratter
zero
npub1serc...ehhf
Used to think BTC was hope. It isn't. It has done its job and it's time for bitcoin to move on. fired the miners, fired the SHA-256 farms, inherited the cyberhornets. BTC is now a great bet as a tech stock for a few more years and will remain incredibly liquid in the fiat system. It's therefore now a perfect buffer separating the hard fork Blake2B coin from the state's fiat system. That's why the Blake2B hard fork coin is the hope now. Satoshi saw hard-fork capability as a feature not a bug. His BTC never had a buffer. BCH and BSV didn't get it. This fork is now his money separated from state. Good news, right!