Joined October 2022
1,218 Photos and videos
Pinned Tweet
"Bro just watch the dub" The dub in question:
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LayerTwo Labs retweeted
Can ZSide Outperform Monero and Zcash? Paul Sztorc of @LayerTwoLabs Debates Bitcoin Privacy, Drivechains & Fungibility | Tune-in to a LIVE MoneroTalk episode TONIGHT 6/11 at 8:30PM-EDT! Watch here on X or on YT ➡️: youtube.com/watch?v=LHs8Efnf… Twitch ➡️: twitch.tv/monerotalk Rumble ➡️: rumble.com/user/monerotalk Thank you to our show sponsors @cakewallet & @StealthEX_io
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LayerTwo Labs retweeted
NEW: SCALING #BITCOIN FOR 8 BILLION PEOPLE How should BTC be valued? @Truthcoin argues scarcity and demand aren't the best answers. We discuss: 📌 Why the store of value thesis is wrong 📌 How to value BTC based on TX revenues 📌 Why better tech could unlock $200 trillion Watch ⚡️
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LayerTwo Labs retweeted
Breaking: @LayerTwoLabs eCash .com have raised $5 million, to [1] further our mission of "Making every transaction a Bitcoin txn", and [2] launch a new BTC-fork this August. We must rescue Bitcoin from its crisis of complacency and derangement. Our ideas are cutting-edge -- so they are often misunderstood. But actually -- they are quite popular (especially among OG Bitcoiners). You can look at: our podcast interviews, the Wednesday X spaces, the endorsements on the site -- real people love us. The only haters are bot farms -- and sheep who are easily misled. Unfortunately, Bitcoin is going through an era of great ignorance and cowardice (see "Derangements" below). That is why it is so important to fight back!
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LayerTwo Labs retweeted
Lots of stuff will be coming to eCash.com , including news.ecash.com archive.ecash.com buy.ecash.com forum.ecash.com Some of it will remain Stealth , until the appropriate time But news.ecash.com is out now
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LayerTwo Labs retweeted
Them: You have to provide a valid signature to claim satoshis coins! @Truthcoin: hold my Barolo
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LayerTwo Labs retweeted
$1M Bitcoin in 2027 Everyone thinks @saylor and ETFs get us there. I think it’s @Truthcoin and the @eCashCom $BTC hard fork. I sat with Paul Sztorc who made me realise eCash could be one of the most important forks in bitcoins history, stimulating our greatest bullrun ever. The tldr is in August if you hold bitcoin you get the equivalent in eCash. Now eCash on its own merit is already interesting. It’s led by Paul Sztorc who has spent years campaigning to improve bitcoins mechanical utility. He’s a certified legit Bitcoin OG who wants to add functional layers on-top of Bitcoin to enable Bitcoin to be the rails for the broader world of commerce. He plans to achieve this with side chains that are sort of like L2s on Bitcoin. Imagine if Bitcoin had smart contracts and $btc was the currency for all apps in the world. 🤔so technically it’s already very compelling. You will get that for free just by owning Bitcoin. But that’s not all. Paul has figured out a way to finance new forks. I believe this will trigger a new season of fork innovations. Basically fork wars 2.0 only this time it’s based around experimentation and innovation instead of outright kill Bitcoin. Institutions have been all the craze recently but they have never been the source of crypto's biggest expansions. The people who built this industry were. The Cryptographers, the hackers, the builders and the cypherpunks. Everyone is focusing on @MicroStrategy selling Bitcoin, meanwhile the upcoming eCash hard fork from @truthcoin is being wildly underestimated. Technically, the idea of improving bitcoins mechanical utility is appealing but the event itself is also financially dramatic inducing a huge wealth effect for a whole new generation of Bitcoin holders and it may remind the market who actually drives innovation in this industry. Every major crypto boom began when a small group of weird, intelligent, highly-convicted people challenged the status quo and built something new. And while everyone thinks the next bull market comes from Wall Street, I think much more poetically it comes from the same place every other one did: The real Bitcoiners. Anyway, the interview is linked below. I highly recommend you watch it and I’ll be writing my thesis that goes over wealth effects, network effects, financial incentives, game theory and how this all spills over into a bitcoin and crypto bullrun like we’ve never seen before. youtu.be/TMEtLaz1KW0
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LayerTwo Labs retweeted
Twitter Space in 82 mins! Featuring me! Bring your questions / complaints As always, it will be recorded, & uploaded to our new YouTube -- youtube.com/@ecashdotcom as well as eCash.com
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Horseshoe Theory
i hereby propose a soft fork to burn all of saylor's btc
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LayerTwo Labs retweeted
We are bringing everything possible with Ethereum to Litecoin with a drivechain.
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LayerTwo Labs retweeted
May 30
ECASH is basically Bitcoin, except it has drivechains Which means there cannot be a successor, because any "successful blockchain" will just be another ECASH drivechain This used to be the vision for Bitcoin, but since they have abandoned all rationality, ECASH will be the last money of the world
On this day in history 15 years ago, cypherpunk Hal Finney argued Bitcoin can never be replaced because, “Any successful replacement of the Bitcoin block chain will forever undermine the credibility of any successor. How is an investor to know that it won’t happen again?”
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LayerTwo Labs retweeted
.@Truthcoin spitting fire about $BTC Bitcoin Lightning Network.
🚨 Episode w @Truthcoin "Bitcoin Lightning & Bitcoin Cash Failed Mission, Now Hard Forking Bitcoin to Launch ECash" Full Youtube - youtu.be/6U143dPqUuo @Sehgal_ankit sits down with @Truthcoin bitcoin:native researcher, developer, and CEO of @LayerTwoLabs to discuss his decade-long push for Bitcoin scaling through Drivechain (BIP 300 & 301), why that push ultimately stalled, and why he's now launching Ecash: a Bitcoin hard fork scheduled for August 2025 that activates the sidechain vision Bitcoin core refused to enable. Paul has been one of the more independent and outspoken voices in the Bitcoin space since 2015. He is the inventor of Drivechain, the author of BIPs 300 and 301, and the original creator of @Truthcoin a decentralized prediction market protocol from 2012 that predated and directly inspired Polymarket. He's spent over a decade arguing that Bitcoin's scaling and adoption problems could be solved through a sidechain architecture that is opt-in, reversible, and requires no changes to how Bitcoin's base layer works for anyone who doesn't want them. 1) The first part of the conversation covers the history of BIPs 300 and 301 in depth. Paul explains what Drivechain actually proposes: BIP 300 handles deposits and withdrawals into sidechains, while BIP 301 (blind merge mining) lets miners earn revenue from an unlimited number of L2 chains without running additional node software or doing extra computational work. The episode then goes deep on Lightning Network. Paul describes why he was broadly pro-Lightning until 2022, what napkin math changed his mind, and why he publicly debated the topic at TabConf including a one-vs-room format where Tadge Dryja, Lightning's co-inventor, largely agreed with his conclusions. 2) The second half focuses on Ecash. Paul explains the seven day-one drivechains: Thunder, ZSide, Truthcoin, CoinShift, BitNames, BitAssets, and Photon. He also addresses the Satoshi coin controversy directly 500,000 of the 1.1 million Patoshi-pattern coins will be re-signed to fund early developers and supporters at launch, with 600,000 still allocated to Satoshi's wallets and explains why he views the criticism as inconsistent, given that Bitcoiners welcome all prior hard forks and that Satoshi has effectively abandoned the coins. ---------- DISCLAIMER This video is for educational and informational purposes only and is NOT financial or investment advice. We do not recommend you to buy or sell any assets. Opinions of guests are their own and do not constitute endorsements. Cryptocurrency and blockchain investments are highly risky and can result in total loss of capital. Do your own research and consult licensed professionals. The channel and its hosts are not liable for any investment decisions or losses. #BTC bitcoin:native
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LayerTwo Labs retweeted
THE #BITCOIN FORK THAT STEALS FROM SATOSHI eCash founder @truthcoin is cutting Satoshi's holdings on his new fork. Here he defends it. We discuss: ⚡️ Why all BTC forks disrespect Satoshi ⚡️ The negative community reaction ⚡️ Why Satoshi might believe in eCash Watch 👇
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Shorting Lightning
At Bitcoin @renepickhardt expanded on a conviction he holds strongly: it's not Lightning OR Ark. It's Lightning AND Ark together that can scale Bitcoin into a global payments network. The narrative that "Lightning failed and Ark is the replacement" misses the point entirely. These systems are complementary. Visitors as layer cake: 🎂
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LayerTwo Labs retweeted
Today -- Twitter space -- slightly later -- 5 PM to 6 PM Possibly extending to 6:30
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How to become a stunning and brave Bitcoiner in 2026: 1. Read LN Blackpill 2. Silently agree with everything OPTIONAL: call Paul Sztorc a crank on X 3. Attend conferences 4. Give a gravely serious speech on talking point from LN Blackpill, omit most damning aspects ez 👇👇👇
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LayerTwo Labs retweeted
May 26
Replying to @Truthcoin
$ecash to one gazillion
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LayerTwo Labs retweeted
Below, I present "SimplePool" -- v 0.1 A key Bitcoin problem is **mining centralization** -- both the centralization itself -- but (more importantly) the misplaced FUD about it. Poor thought leadership, has derailed the mining conversation, as well as other much more important mission critical Bitcoin projects. This **disturbing lack of honesty**, may even kill off the BTC project as a whole -- eventually. Anyway, to fix that, I proposed that we create: 1. open source **pool** software, maintained as a community project 2. open source **pool hopper** software -- so that Hashers can just point their hash at the Pool Hopper -- which will automatically give them the best price, the healthiest blocks, w/ the least censorship 3. an incentive compatible, scalable, safe, non-custodial way for small miners (up to 8 billion individual miners) to safely collect $ from a pool We have now shipped a **preliminary** version, of this. It is brand new -- but let me give you an idea of where it is going. Important: I do **not** think this software will ever replace today's existing pools. Pools are **brands** -- so Foundry, Luxor etc aren't going anywhere. And they collect $ based on their **reputation**. But --hopefully-- we can (eventually) make the SimplePool software so good -- that it takes the software maintenance problem off of their hands. While also increasing overall pool competitiveness. Especially if we obsessively focus on revenue maximization (which we will). This is an effective way to punish censorship -- if a pool censors for too long, it will be starved of $ and hashrate. It is also an effective way to recover from a situation where there is only 1 pool (or only 2 pools or 0 pools) -- since [1] the open source pool software makes it easy to create a new pool, and [2] the hopper will automatically feed hash to this new pool (if it pays extra high $ "introductory rate" PPS). In general, we do not want "closed source" software in Bitcoin. Instead we want openness and transparency. ---- Unfortunately, most of the Bitcoin dev industry is lazy / corrupt. Most of their time is spent conspiring, to form monopolist guilds -- so as to further enhance their collective laziness. So they have negative productivity. Basically everything you hear on Twitter / on stage at conferences / on the mailing lists (these days) is a lie -- other than that, they are really great people, I guess. Here are some examples of deranged mining beliefs: 1. Luke/Ocean's misguided abandonment of PPS. Luke believes each miner should hand-craft each block -- and not outsource this task to the pool. But he is wrong. Efficiency, specialization of labor, and accountability are --by far-- more important. There is zero conflict of interest between the pool and hasher -- both want to maximize the block's txn fee revenue. So the whole issue is a total waste of everyone's time, and an enormous source of confusion -- all to prop up Luke's misguided pet project, Ocean. 2. Worse than that, a large portion of the bitcoin-dev mailing list believes that up is down. According to them, any extra $ flowing to miners -- (merged mining, heat reuse, business side deals [ercot credits]) is misinterpreted as "changing mining incentives". But that is wrong. The truth is: it has always been possible (and desirable) to pay miners $. We can pay them extra fees, or we can have a business contract with them, or an enemy could "bribe" them (etc). Satoshi invented merged mining, and was an ardent believer of the (common sense) idea that miners should make as much $ as possible. This keeps them loyal to us -- the users. 3. Most of the claims made by Statum V2 are untrue. Also, that project has been active for like 7 years ... why isn't it done yet?? More details below.
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