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Haha nobody died, it's just the end of an era and now a new one starts. I'm a little too sentimental though.
It really is bittersweet, but I've been through enough phases in life to know that everything comes to an end.
I don't think I'll invest as much in a new third space. Will probably do more work from home, and explore a variety of outside places instead of committing to one. This bar worked well because the location was perfect, and every other place (at least currently) is a 5+ minute drive away.
Do you think the existence of eCash will spur Bitcoin Core to become more aggressive about new soft forks?
There is an active prediction market, Truthcoin, on eCash (currently signet) right now.
This is an open bet on the winner of the World Cup Final tomorrow. 1 million signet sats available.
Do you think the existence of eCash will spur Bitcoin Core to become more aggressive about new soft forks?
Why does your podcast have 20 minutes of Philly sports discussion before you get to the topic of week?
I am too. Bitcoin has the benefits of brand name, history, and network effects.
However, Paul has fixed two mistakes that BCH made, in retrospect:
- There is no replay protection at the start.
- Only 3 changes from Bitcoin Core: a 90% blocksize decrease, BIP 300, BIP 301.
Everything else will remain the same as Core, and they'll even periodically rebase with new versions.
This essentially eliminates all core protocol development cost, and makes the choice between the two coins more straightforward. And its base layer will be more decentralized over the long run because of smaller blocks.
So, at the end of the day, it'll be Bitcoin's network effects advantages vs. eCash's (in my opinion) superior technology: a network of drivechain L2's.
There will be seven sidechains at launch:
- Thunder- big blocks/low fees
- Truthcoin- decentralized prediction market (actually decentralized, unlike Kalshi or Polymarket or Predyx. The truthcoin oracle has no singular point of failure.)
- Zside- zcash clone privacy chain
- Bitassets- NFTs, etc.
some others...
And anyone with a creative idea can launch one in the future, instead of starting an altcoin.
There's been a free, no-premine version of it available for 10 years. It's called BIP 300/301. If bitcoiners don't want to adopt it, fine, but this isn't really about the premine, it's just people opposing drivechains for the typical reasons.
a. The coin isn't bitcoin. It doesn't pretend to be bitcoin. It's not called bitcoin.
b. The vast majority of cryptos (LTC, ETH, SOL, etc.) give nothing whatsoever to bitcoiners or to satoshi. This fork rewards all bitcoiners 1:1, and satoshi 50% of his stack, which is better than everything else except basically BCH.
c. Satoshi has nothing to lose. If eCash fails and goes to $0.00, then Satoshi has lost nothing. It was simply a silly experiment and Paul was wrong. And if eCash succeeds, surpasses bitcoin and becomes the one world currency or whatever, then that means bitcoin was flawed and needed drivechains (aka Paul was right) and eCash in effect saved half of his wealth, at the cost of the other half.
I wouldn't say "treated wrong," so much as, "bitcoin development is mired in stasis, and a lot of good ideas never get adoption because of that natural stasis."
I think Bitcoin Core should simply close the repo.
Then fork it, start a new implementation called "Bitcoin Potato," and all the contributors just move over there.
Now, they'd no longer need to worry about the tacit prestige and authority that comes with being a Core dev and maintaining a software package that descends from Satoshi's original implementation. Just build what they want, no strings attached.
You guys have done an excellent job and deserve a huge amount of credit. Honestly, I think the project is in a better state now that during the ZK Snacks era.
And for anyone looking to support Wasabi, there's a Silent Payments donation button baked into the wallet (which you can confirm against their socials).