You may have heard earlier this week that Udi trolled the bip110ers by posting that their fork was "officially" delayed And it got picked up by media and caused all kinds of horrible confusion. It was typical Udi and not helpful at all...but also a little funny.
Well, now here is Paul Sztorc announcing a delay of his ecash fork. It will now officially launch on whitepaper day.
** UPDATE ** -- The ECX hardfork (the Bip-300 one) is still launching August 23rd -- but it is NOT launching all at once.
Instead, it launches in three stages:
- Alpha - August 23rd - Block 963648
- Beta - Sept 20th - Block 967680
- ** Full Permanent Release ** -- Oct 31st -- Block 973,728
The Alpha and Beta launches will (ideally) resemble the full launch, in every way possible.
If you acquire "practice" ECX, on the alpha and beta, you may burn these coins, to redeem for real (Oct 31) ECX. Details to follow.
This rollout has a number of big advantages, including:
- Allows us to wait out the current "LLM bug chaos".
- Still rewards people for being early participants.
- Still rewards people for using replay to drain exchanges of ECX — (it now gives them a light whack instead of a huge crisis).
- Allows investors to compound their initial earned coins, by using them to get yet more coins.
- Gives us cover if there is some kind of big problem or disaster.
- Allows us to better estimate the initial equilibrium USD/ECX price ... & therefore the difficulty.
- Gives people something to trade, Pump, speculate, practice on, etc.
- Serves as "the ultimate FAQ", since instead of asking "does X work with Y" there is a real live demo we can point people to.
Note: The full release will take place, approximately, on the 18th anniversary of the publication of Satoshi's Bitcoin Whitepaper. 🎃👻
Note: This fork has opt-in replay protection. Our software will add RP for you (and it will warn you about it). However, if you ignore us, we will replay your txns. So - you must intentionally split your ECX off, or it will follow your outgoing BTC to a new owner. See resources below.
You have 12 weeks to practice! (Don't say I didn't warn you!!)
Is it me, or is this convoluted af?!
Get aug practice coins, get sep ones, alpha, beta, wait oct, burn or something, redeem, replay warning ⚠️ ffs this was intriguing but now it's a headache 😭
Name change recommended to
npub1zapshit.Don't believe their lies.
😭😭😭
Chill amigo.
Simply look at it this way: if I were to produce a big nice turd on a plate for you, you're not going to say
intriguingand plan a play date with it. You would sayewww, shoo.Now, Paul is much smarter than I so it's much easier for him than for a dumbass like me to giftwrap the turd and make you believe its literally the most intriguing shit you've ever seen. Just don't forget that it's still shit.
When I listened to Paul's ~bitcoinplusplus panel talk, I got the sense he kind of knows it's a turd plate but is just YOLOing becsuse he thinks Bitcoin is doomed anyway. I don't know much about the project..He is smart, and he probably started out with good intentions but he's obviously clout definitely at this point. He talks like wants us all to have something to play with as the titanic sinks, yadda yadda yadda.
Paul has been one of the top debaters in the space for approximately as long as I've been around; maybe longer, I didn't do historiography on it. He's really very smart.
When he offered drivechains initially, I understood it at the time as a mechanism to basically improve on the merge mining / auxpow thing that namecoin did, and reel in all shitcoinery born out of a research/expansion desire. Not so much "there can be only one", but incentivize that "there could be only one" through network effect. Like a liberal approach to maximalism. It requires a small paradigm shift in "what Bitcoin is" and I think what most people were/are afraid of is the expansion into a permanent state of dealing with unknown unknowns.
I think (but I'm not an expert on this) that chains that did adopt similar concepts, like Ethereum, have suffered direct consequences of this (and infamously rolled back and hard forked over a 3rd party smart contract bug.) Being agnostic while allowing anyone to integrate freely not with but into the base layer is therefore proven risky. The whole BIP-110 thing is technically a feature of the opposite direction.
I've always seen the failure of drivechain to gain traction as a function of conservatism / risk aversion from people simply not being convinced that the benefits outweigh the potential risks. No matter how smart you are, how well you can narrate and debate, if there is no consensus, then it won't go live. This is why BIP-110 should fail to gain traction too.
Paul doesn't let go. Which is a great treat to have. It's also annoying af for everyone else when there just isn't consensus. Forking off is capitulation. However, the narrative that Bitcoin will fail is born out of a need to cope first. You're all wrong, so I will find talking points why you're all wrong, and then I will fork and prove it to you by taking over.
Buying people by overlord-ish redistribution is disingenuous and I still wonder who advocated this and put it in Paul's head. Imagine a redistributed chain becomes the #1. Good luck defending against CSW 2.0.
Bitcoin is there to be forked, if he dies he dies 💁
I like the idea of a new chain, let's see what it brings
Ideological stackers need to be careful they dont turn real Bitcoin into a sacred cow that can't be touched....I think Paul said that BTW
I'll keep my real Bitcoin and I'll keep my eCash
If the precious maxis cry about it, keep crying
Not insinuating opti is any of those criticisms BTW to be clear
I don't know how long you've been around for. But we've seen this before. If this is your first time, just be careful and please be extremely conservative in your promotion of shit, i.e. to the point where you don't promote it. The shitcoin section of bitcointalk is probably in hindsight the worst thing ever platformed by Bitcoiners.
I'm not even a Bitcoin maxi when it pertains to others - I can totally tolerate that the default mode in 99% of the population is lazy retardation - despite believing that adopting a purity stance like Darth pushes, as a pretty good indicator of what to ignore / stop using / stay the fuck away from. It's not just a moral thing, it's a defensive mechanism against scammers. I'm a freedom maxi at the core though, so do whatever the fuck you want - I don't want to tell you what to do, except in the occasional shitpost.
Just, please make
shitter.newsif you have a desire to spread shitcoin narratives. Every stacker that finds all this "intriguing", and is possibly going to get rekt from this shitfork, is a direct effect of platforming Paul & co and insufficiently pushing back. I don't like it if a generally thoughtful platform like SN is causing that for others. We should be educating stackers, not throw them in a snakepit with a bunch of completely jaded hardforkers.Yeah but it's free shit, and everyone loves free shit
And my intriguement only goes as far as leaving it be and seeing how it performs
I certainly won't be interacting with all this Aug Sep Oct bs
OK bro. Change the nym then. Lmao
I don't give a Fzork
For fECX sake, man!
😂
😂
Hahahahahahahahahahahah exactly!!
This is like when games delay releases not to compete with GTA VI and movies delay not to compete with Doomsday
Damnit! I wanted more shit to worry about
https://twiiit.com/Truthcoin/status/2085825694697746745