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I was a Bitcoin maxi. We were told small blocks would keep it ultra secure and decentralized, and payments would be built on layer twos
They said self-custodial Lightning could scale and custodial wallets are temporary. Nope. Anyone who spoke the truth was ridiculed
That’s why we are hard forking Bitcoin. We are building the layer twos that were promised to us. Either Bitcoin will do the simplest soft fork, or it will be replaced
ECASH is not like other hard forks. It is not like other altcoins. It is the altcoin to end all altcoins
ECASH is not actually making any upgrades that Bitcoin cannot make itself. The blocksize will be decreased to 400kb and we are adding drivechains. Bitcoin can do this today, and the software to do it has been built
If you don’t know what drivechains are, now is a good time to learn. The fork is coming in August, and if Bitcoin doesn’t act soon, it will be too late
ECASH holders will be richer and more sovereign than Bitcoiners can hope for
eCashr retweeted
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: youtube.com/watch?v=j17NgjNX…
eCashr retweeted
Exchange PSA: Split your coins asap, otherwise you will probably lose some/all ECX, to transaction replay !
The split guide: eCash.com/split
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!
eCashr retweeted
Pretrading on ECX
View the split guide on eCash.com/split for how to safely split your BTC into (BTC + ECX)
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 → sideshift.ai/btc/wecx
eCashr retweeted
I’ve always liked the idea of Drivechains.
Sidechains are an exciting way to do all kinds of cool things in a bitcoin context, and I support anyone that stands up to the Core Cabal.
Could be an interesting time in bitcoin coming up with lots of competing ideas again!
How did a decade of sidechain research and Bitcoin debate end in a fork?
It started with Drivechains, @Truthcoin’s proposal to connect Bitcoin to sidechains.
Here’s the eCash (ECX) backstory, explained 🤓
eCashr retweeted
3 Days Remaining!!
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 retweeted
The eCash hard fork is launching in 6 days
On Bitcoin’s 18th birthday, every BTC holder will receive free ECX
So here’s a documentary that explains why @Truthcoin decided to launch this fork and how it’s different from Bitcoin
Time stamps:
0:00 Teaser
0:54 Title
1:45 Act I: The Announcement
3:39 Act II: The Derangements
9:52 Act III: How Drivechains Work
14:32 Thunder & zSide
18:21 Act IV: Paul Is Right
19:08 Paul vs. the Lightning Crowd (TABConf 7)
22:14 Paul Sztorc vs. Peter Todd
24:47 Alex Gladstein vs. Paul Sztorc
27:04 Act V: October 31, 2026
34:00 Credits
eCashr retweeted
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.
eCashr retweeted
Episode 7 - Trial in Absentia
@hellmoneypod did a whole 90-min episode about Drivechain / ecash . Since they are basically the #1 Bitcoin podcast, I thought it would be great to go through what they get right and wrong.
Topics:
5:00 - The Hard Problem of Sidechains
7:44 - Why the name "Drivechain"?
8:55 - Casey's Idea of How Withdrawals Work
16:20 - Features... AND fees!
18:15 - Keeping L1 as Bitcoin Core
19:00 - Launch Day Drivechains
20:00 - More Compliments
21:25 - Every drivechain critic.
22:00 - Fragmentation ...compared to what?
23:40 - Who's *required* to pay? (...no one!)
28:00 - Mandatory Extension Blocks / Blocksize War
30:19 - Virtue Signaling vs Action
31:35 - 12 years / the Soft Fork Death Cult / the Death of BTC
33:07 - More Compliments
34:00 - Opposite of 110
35:10 - "a very different world..."
35:51 - Token-Minters
38:00 - Outro
eCashr retweeted
Paul’s response to our episode about Drivechains, it’s worth a listen!
Yet another reminder that the most important discourse about Bitcoin happens on @hellmoneypod
Episode 7 - Trial in Absentia
@hellmoneypod did a whole 90-min episode about Drivechain / ecash . Since they are basically the #1 Bitcoin podcast, I thought it would be great to go through what they get right and wrong.
Topics:
5:00 - The Hard Problem of Sidechains
7:44 - Why the name "Drivechain"?
8:55 - Casey's Idea of How Withdrawals Work
16:20 - Features... AND fees!
18:15 - Keeping L1 as Bitcoin Core
19:00 - Launch Day Drivechains
20:00 - More Compliments
21:25 - Every drivechain critic.
22:00 - Fragmentation ...compared to what?
23:40 - Who's *required* to pay? (...no one!)
28:00 - Mandatory Extension Blocks / Blocksize War
30:19 - Virtue Signaling vs Action
31:35 - 12 years / the Soft Fork Death Cult / the Death of BTC
33:07 - More Compliments
34:00 - Opposite of 110
35:10 - "a very different world..."
35:51 - Token-Minters
38:00 - Outro
eCashr retweeted
REMINDER: it's the end of this month!
Halloween 🎃
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.
😂
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LayerTree is the next step in bringing bitcoin to billions.
Learn more: layertree.tech
eCashr retweeted
Bitcoin can’t ship new features. eCash solves Bitcoin’s upgrade bottleneck.
Shoutout to @TheBlockCo research team for breaking down how drivechains turn a Bitcoin hard fork into a permissionless testing ground, with 7 chains going live Oct 31.
Read the report: theblock.co/research/blockch…
eCashr retweeted
I'm speaking at TabConf, tomorrow
And I'll be in Atlanta tonight, for BitDevs
eCashr retweeted
Finally, something of interest is happening in Bitcoin.