Paul Sztorc

Paul Sztorc

30,564 Twitter followers

Follow

Founder and CEO @LayerTwoLabs | Creator http://BitcoinHivemind.com | Blogger http://drivechain.info | Author BIP 300/301

Posts

To clear things up: - We do not take any of Satoshi's BTC - We **gift** Satoshi 600,000 eCash, instead of gifting 1.1 M - That is **600k more** than Satoshi got from Litecoin, Ethereum, Solana, Tether, etc (ie, 0) - Our coins are not named "BTC", they are named eCash. BTC balances are untouched by eCash. To move BTC, you always need BTC software + the BTC private key. We lack both. Also, on the replay protection: - if you move your BTC, then your eCash will also move - if you move your eCash (eg to sell it), then it will NOT replay on the BTC network - (at least, that is the default in our software, if you use other software I can't guarantee what it will do) It is fun to virtue signal about property rights, I get it. But be careful who you listen to and who you get your information from -- in the heat of the moment, it may not be reliable!

BREAKING: New Bitcoin Fork I am helping create a **new Bitcoin Hardfork** -- dropping this August, called "eCash". - Your coins will split. For example, if you have 4.19 BTC, then you will get 4.19 eCash. - You may sell your eCash -- or keep it. Or ignore it! Vegas: - Yes, I will be in Vegas next week. - No, I won't mention this, on stage -- (that would be rude). Our L1 Node... - is a near-copy of Bitcoin Core. - is Sha256d mined. - forks via a one-time difficulty-reset -- to its minimum value. (So, mining will be crazy at first.) - Yes, we will change the seed nodes, the name, the network magic, etc. Codewise, the L1 will remain compatible with Bitcoin Core: - We will continue to merge their changes (even the bad ones). - The L1 will activate Bip300/301 via CUSF -- the core untouched soft fork. So, no lines of code will be changed, on the L1. - The activation client will be published periodically (link below). - We will do several bug bounty contests this summer. - The client will be frozen 30 days prior to the fork. Yes, there will be Drivechains: - We have 7 in developement right now. - Users can also submit their own. - Drivechain is a vision of "competing L2s" -- this avoids the "dev capture" problem. - These L2s are all Merged Mined. Miners automatically get free $. - Our L2s are already capable of planetary scale, and onboarding 8 billion users. - We also have a zCash-like L2, with strong privacy. - Other L2s: Truthcoin (Prediction Markets), CoinShift (Decentralized Exchange), BitAssets (NFT etc), BitNames (Identity), Photon (Quantum Resistant). Unlike BCH (the 2017 fork): - There is no "Bitcoin" in the name. New name, new brand. - You are getting advanced warning (4 months). - We are replaying all txns (at first). We will release a coin-splitter tool. - This is a permanent & sustainable fix to Bitcoin's problems (instead of a 1 MB to 8 MB temporary fix). - Back in 2017, the BTC tech stack was strong, and expectations for Lightning were strong. Today, it is the reverse. Video to follow.

The dirtiest secret in BTC: Most lightning companies just keep all your money for themselves, at all times Then, they show you a bunch of fake LN invoices, that are never actually used Most people can't tell This tricks people into thinking LN works -- because they "used it" You won't notice, until it is time to withdraw your money (to a real crypto wallet, not controlled by them)

== The Lightning Dupes == Of those who say: "I used Lightning, it worked for me" , At least 95% of them are being conned (probably 99%). They have no idea what "custodial" means -- they are victims of a fraud. Which they then unwittingly repeat. It was the same with Theranos. x.com/Truthcoin/stat…

No one more consistently wrong--and absolutely committed to maintaining his error--than Paul Ehrlich was about imminent mass starvation and the need for governments to reduce population. twitter.com/nickgillespie/stat...

One reason to aggressively cut taxes, is that it --probably-- keeps you near The Healthy Cluster Otherwise it becomes a crutch, and it diverts you into the Toxic Cluster

It is telling that most blue lines go up over time and red ones go down.

Paul Ehrlich was a family friend. One time I asked him to come speak to my AP Bio class. He spent an hour telling my classmates apocalyptic stories about how the earth would soon be unfit for human life. Some left the class in tears. I remember it vividly to this day. May God rest his soul

The question "what gives Bitcoin its value?" has been argued for 17 years. But a more important question is "which thing(s) would delete all value from Bitcoin and send it to zero?" And one answer is: poor epistemic standards. Since that can destroy almost anything

Tether, by the way, I have something for you that is much better than LN and ARK Don't take my word for it, ask @tabconf

Tether Announces Strategic Investment in Ark Labs, Reintroducing Stablecoins to Programmable Bitcoin Infrastructure @ArkLabsHQ Learn more: https://tether.io/news/tether-announces-strategic-investment-in-ark-labs-reintroducing-stablecoins-to-programmable-bitcoin-infrastructure/…

But, by informing us of Thiel's argument, aren't you making the world **more** transparent ? And isn't Thiel, as well ? twitter.com/Truthcoin/status/2...

Loading..