Paul Sztorc

Founder and CEO @LayerTwoLabs | Creator | Blogger | Author BIP 300/301

[Paul Sztorc @Truthcoin]

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.

[eCashr @eCashr]

Hyper-eCashization

[Paul Sztorc @Truthcoin]

@71Nous Giving out free stuff != Theft

[Paul Sztorc @Truthcoin]

https://t.co/Rcl7mgyWE2

[Paul Sztorc @Truthcoin]

@CobraBitcoin Too big to fail!

[Paul Sztorc @Truthcoin]

RT @c64f7e94: When I first started researching Bitcoin years ago, I spent a lot of time following discussion in this thread:
https://t.co/q…

[Paul Sztorc @Truthcoin]

@TheBCHPodcast ^ each of those points is not accurate

[Paul Sztorc @Truthcoin]

Exchange PSA: Split your coins asap, otherwise you will probably lose some/all ECX, to transaction replay !

The split guide: https://t.co/YLkUjkLTDl

Those exchanges that are slow to implement replay protection, are facing a potential nightmare.

Of course, given that...

- I explained this >6 months ago
- There were two whole, live, test networks to practice on
- There was already one big delay

...I'm not sure how much sympathy we should have.

If you don't care about your ECX, then I can't force you to care! It's your net worth that will go down, not mine.

Roughly 30 hours to go!

[Paul Sztorc @Truthcoin]

@aaaljaz We did -- but you have to opt in!

[PREDYX @predyx_markets]

Paul Sztorc (@Truthcoin) is creating a new Bitcoin hardfork called eCash (ECX) on October 29th

Will ECX be listed on a major exchange by the end of the year?

https://t.co/JtFtVKUfaq

[Paul Sztorc @Truthcoin]

https://t.co/ovqyGfW9Pe

[Paul Sztorc @Truthcoin]

@meztalCS Yes, the top 15 holders get roughly 2000 ECX split among them, per https://t.co/ea6NWWg4xE

[Paul Sztorc @Truthcoin]

Pretrading on ECX

View the split guide on https://t.co/aXPMsHefgO for how to safely split your BTC into (BTC + ECX)

[SideShift.ai - Direct to Wallet Trading @sideshiftai]

Wrapped eCash (WECX) on the Solana network has been listed on SideShift.

Bitcoin with drivechains.
Forks at block 973,728 (est. 29 Oct, 16:33 UTC).
Holders can unwrap WECX to ECX after Oct 31.

Shift now → https://t.co/QWAswKGz8o

[Paul Sztorc @Truthcoin]

Roughly 50 hours remaining

https://t.co/DfvQTpOAqc

[Paul Sztorc @Truthcoin]

Water is wet

[Steve @SteveFlanders22]

new paper came out on the accuracy of prediction markets

tldr, they are very accurate

[Paul Sztorc @Truthcoin]

I loved the movie

But it would be cool if Nathan released the "Billy cut" (insert joke here), ie the supposedly different version of the film he would have released if Billy was going to profit from it

If those two versions of the film are exactly the same, then what difference does it make if they profited or not? Apparently none.

[Zayphar Is Colorblind @Zayphar]

Nathan Fielder Made a Dishonest Movie

His Elizabeth Holmes documentary, You Can See Everything, is a deeply unethical piece of filmmaking.

One can imagine that the victims of Holmes' Theranos scam will find You Can See Everything a frustrating film to watch. At the end of the day, this woman defrauded them of hundreds of millions of dollars. Her precise motives for doing so probably aren't all that interesting to them.

https://t.co/NhGQ2HDwjd via @reason

[Bitcoin Drivechains @BTCdrivechains]

Why did @Truthcoin turn against Bitcoin maximalism?

Paul joined the @CRYPTO101Pod to discuss that plus:

• The problems with Lightning
• Why Bitcoin needs better Layer 2 solutions
• Sidechain security and the Liquid exploit
• Drivechains and the future of Bitcoin scalability
• The eCash fork

Full episode: https://t.co/tg7txlPSzz

[Paul Sztorc @Truthcoin]

https://t.co/tN3VgRJBBU

[Paul Sztorc @Truthcoin]

A page on how to split your coins (and sell one or the other): https://t.co/aXPMsHefgO

[VLAD HOSTS THE BEST PODCAST IN BITCOIN @Vladcostea]

@sova40a @BTCdrivechains @Truthcoin You have to use the coin splitting feature from https://t.co/OnAJiBbf7H

But maybe you can wait until Ledger adds support for ECX 🤷🏻‍♂️

[Paul Sztorc @Truthcoin]

https://t.co/SmfiKG2Rxo for details

[Paul Sztorc @Truthcoin]

3 Days Remaining!!

[Paul Sztorc @Truthcoin]

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.

[Paul Sztorc @Truthcoin]

Hardfork forecast: Thursday, 2:30 PM EST !

Lately, BTC Blocks have arrived extra-fast, so the fork is happening sooner than expected.

Remember: Self-custody your BTC! If you keep it on an exchange, they may not give you your ECX.