Paul Sztorc

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.

@TorteDeLini Right after someone screws up, and dies, (thus letting the whole team down) ... ...brace yourselves, because they are about to complain! A great life lesson!

Dota taught me not to assume or expect the minimum from other human beings. No other game or parent could provide such an incredible life lesson

@RileNFTs @snapbooom Come to the space today, at 2 and ask But that post above yours is mostly nonsense

@snapbooom Is this really the best solution Paul @Truthcoin ???

Want to steal 40 BILLION dollars? Well, Paul Sztorc does. He wants to kill Bitcoin, take Satoshi's coins, and give them to greedy "early investors." eCash goes live on August 21 and that day may be the end of Bitcoin. Here's why:

@rodpalmerhodl If they are true plebs, then it is just a *donation* to the markets. As long as they are told this upfront, then -yes- it should be encouraged

should plebs be allowed to participate in futures markets?

If only someone had mentioned this back in 2020... ...someone named me!

@MrHodl Should be layertwolabs.com/spaces

Can someone find the link to this 2024 conversation where he corrected me 5 times? Im pretty sure (my memory is starting to fade) that the only correction he made back then was when I said something like Bip141 had wide consensus for like a year and half or something when it was reall just under a year) i dont remember any other correction he made.

@tristan5600 @SDLerner @MrHodl I have unblocked him

@Truthcoin @SDLerner @MrHodl x.com/i/status/20545…

I will do the "haters space" again today (Wed) at 2 PM Maybe @SDLerner can join - but I have not read his article Or @MrHodl -- he joined in 2024 and then had to admit he was wrong about like 5 things in a row (recording available) -- he can join again and repeat 2-4 PM ET

@the_ecash @SDLerner @MrHodl Trust me, once you've read the first 200 or 300 drivechain critiques, you've read them all

@Truthcoin @SDLerner @MrHodl It's ok that you didn't read, he also didn't write it.

Its true -- I am right about everything

In the middle of a Knots-vs-Core debate on Tone Vays’ show, a Bitcoin protocol dev straight-up punched himself in the face after he admits @Truthcoin has been right all along about L2 fees. Rearden acknowledges the core Drivechain argument: if L2s (Lightning, Ark, BitVM, etc.) get too efficient at keeping transactions off-chain, they could suck all the real economic demand out of Bitcoin’s block space. That leaves mostly empty blocks in 5–10 years, kills the fee market, and collapses the security budget. At that point, Bitcoin is effectively dead as a secure monetary system. Then Rearden explicitly says: “This is a place where Paul Sztorc is correct… one of the benefits of Drivechains is [they] aggregate the L2 transaction value to the base layer.” That’s the entire Drivechain thesis in a nutshell. Unlike most L2s that try to minimize on-chain footprint (and thereby minimize fees paid to Bitcoin miners), Drivechains are designed to bring real, aggregated economic activity and fees back to the Bitcoin main chain. They turn L2 scaling into a feature for Bitcoin’s long-term security, not a bug that hollows it out. Rearden still hopes other L2s will somehow do the same, but he concedes the point: if they don’t, the whole “L2s will save us” story falls apart — exactly what Sztorc has been warning about for years. Even Jimmy Song and Tone look like they’re processing the implications. Pure vindication for anyone who’s been riding with Paul Sztorc on this. The market will eventually price it in. 🚀

After studying the trade-offs among different L2s in depth, I concluded that BIP300 is an exceptionally strong proposal. Activating Drivechains via CUSF would address many of Bitcoin's key problems.

@DigitalGoldTalk @eCash x.com/i/status/20532…

@DigitalGoldTalk @eCash x.com/i/status/20527…

Last summer, when our group bought eCash.com for$170,000 The pre-existing XEC @eCash altcoin was ranked #160 on CoinMarketCap. I thought "no way is that a serious project". Yesterday, I singlehandedly gave XEC more attention than they have ever gotten before -- or ever will get again... ...and they have since crept **down** to #164 . They are lower now than when we got the .com domain. I have barely even started to build up the eCash.com brand. I literally sent just one single tweet. It was a completely secret site until yesterday. If you own the @eCash twitter account or e.cash domain , I would very seriously consider selling... to us. While you still can get something for it!

An affinity scam is when a bad project leeches off of a more successful project But XEC eCash is very unsuccessful -- the brand is worse than even Fedimint-ecash and Cashu-ecash I do not benefit at all from XEC, in fact brand confusion between eCash.com and XEC is a huge windfall to XEC -- so actually I am the victim of the affinity scam, if anything

@VigilanteCrypto Paul has sold satoshi coins to early investors, and now needs retail for exit liquidity. To do so, he created an affinity scam of @eCash . The real eCash is here: e.cash

This August, your #Bitcoin stack doubles. Paul Sztorc is hard forking BTC into eCash and bringing the sidechain technology Blockstream promised over a decade ago and never delivered. The same 21 million coins. Unlimited Layer 2s for privacy, scaling, prediction markets, anything. Free coins for every BTC holder. Check out our talk with Paul Sztorc, the inventor of Drivechain (BIP 300) and the founder of LayerTwo Labs, and he's been building this technology since 2015. The maxis will scream "shitcoin" because they always do. But with empty blocks, dead fees, and Saylor barely above zero on his lifetime stack, maybe it's time to ask who's actually saving Bitcoin and who's babysitting its corpse.

@Pledditor @Vladcostea Come to the haters space -- every Wednesday at 2 PM ! I can't remember why I blocked you -- but you have not blocked me so I unblocked you

@Vladcostea @Truthcoin Tell us Vlad, how much of Satoshi's stolen coins do you get for being an investing in the ICO?

I first discovered @Truthcoin about 8 years ago Around the time when Liquid launched and he criticized it for not being a proper sidechain At the time, I remember thinking that he’s an arrogant asshole who enjoys raining on parades But later I realized that he is right + his prediction turned out to be true It’s a recurring pattern that I see in many other people: first they dismiss Paul, then they realize that he was right all along. Some of them will acknowledge it, others will keep on hating him because he’s right and cherry pick the situations when he’s not right out of spite. But Paul built the first prediction market on Bitcoin before was cool – admittedly inspired the Polymarket creator He also had one of the most interesting and balanced perspectives during the scaling debate in 2015-2017, then remained friends with both camps despite the rabid tribalism. Paul proposed his BIP300 for Bitcoin, went through the whole Core bureaucracy and even paid the BIP editor (Luke Dashjr) to rewrite the text and the biggest critic (Peter Todd) to write his best article with his objections. He spent hundreds of hours on podcasts explaining how Drivechains work. He went to every conference that invited him to talk about his proposal. At one point when Bitcoin seemed close to activating OP_CAT, he even considered launching a barebones version of Drivechains until the Core devs consider BIP300 more seriously. Then Paul came up with CUSF: the Core Untouched Soft Fork, a way for miners to safely activate soft forks without waiting for Bitcoin Core to lead the way. Paul also tried to talk to mining pools, trying to get a 51% majority in spite of Core: but the apathy he discovered and the lack of understanding on behalf of mining pools didn’t take the initiative anywhere. I know all of these events because I have been documenting them on my podcast for 6 years. I’ve been telling my listeners to try the Drivechains software for free for about 2 years. But the HODL & ossify culture is too strong. So I don’t blame Paul for deciding to launch his own fork which runs Drivechains. I’m actually happy that I get to see the tech on a live network, with real financial incentives. I really look forward to Ecash: because in spirit, I’ve been an investor in Drivechains since first reading about them and realizing that it embodies the true Bitcoin maximalist dream!

@KiwiTuckerNE Yeah -- mentally unstable guy, who asked AI something once, thinks (?) he will always get his way -- unbelievably childish Rambles for 9 minutes then shuts the whole interview off, when I am like two sentences in Kind of astounding they ever made it to #165

@Truthcoin Hopeful for your success Paul. I didn’t like how you were treated yesterday. You’ve always been a professional, and deserve better. It was nice to see Vlad posting against it. It appears their focus at dig gold is to make hostile fights and attract negative people.

An important new video... youtu.be/r9JWZ5CzVvY

BIP300 drivechain 🤝 BIP346 OP_CAT

@polsymtas I think that was the other guy, Ryan X

@Truthcoin Does he still think CSW is Jesus?