Founder and CEO @LayerTwoLabs | Creator BitcoinHivemind.com | Blogger drivechain.info | Author BIP 300/301

Joined December 2013
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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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A Friday Meme
This is a pretty big self own. Just look at how little spam BIP-110 would actually prevent, leading those spammers to just use one of the many other ways not blocked. The "spam is making running nodes more expensive and BIP-110 will fix it" argument is fake as fuck.
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Paul Sztorc retweeted
“I said to YOU to never sell your Bitcoin. I never said that THE COMPANY wouldn’t sell its Bitcoin.” Jesus Christ.

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Paul Sztorc retweeted
Can ZSide Outperform Monero and Zcash? Paul Sztorc Debates Bitcoin Privacy, Drivechains & Fungibility x.com/i/broadcasts/1wxWjjqWl…
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We will announce the winners... tomorrow morning! (Sorry that it took so long, the first time) 11 people entered -- and very many bugs were found!
Thanks to everyone who entered Contest #1 !! We will check and compare all the submissions -- it will probably take at least one day, maybe two.
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I will be on @MoneroTalk later today !
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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June update: 4363 downloads per episode 117838 Bitcoin Takeover podcast downloads in 2026 Top 3 most popular episodes: 1. S17 E1 with @brucefenton (15367) 2. S17 E21 with @Truthcoin (8075) 3. S17 E26 with @stevethurmond @cculianu (6613) Thank you all for listening!
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Paul Sztorc 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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Thanks to everyone who entered Contest #1 !! We will check and compare all the submissions -- it will probably take at least one day, maybe two.
Paying **$100k** this summer!! Ongoing hackathon! The objective is to **FIND BUGS**. You don't even have to fix them -- just find them. Link: drivechain .info/blog/bug-contest
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I will again do the X space from 2-4 PM ET
If you are a hater, why not attend?
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Paul Sztorc retweeted
Summoning the council of bulls @killaxbt @crediblecrypto @iliquidatebots @cryptokaleo @cryptocred @venturecoinist @cryptohayes Apologies for the messy thesis above. It was supposed to be 5 tweets but accidentally became a book. After interviewing @Truthcoin I’ve developed a sort of aggressive view that the upcoming @eCashCom fork @LayerTwoLabs could trigger a wealth effect driven catalyst for Bitcoin and crypto broadly. Interested in hearing analysts and OGs Full interview here to hear it from Paul himself. m.youtube.com/watch?v=KNoqOW…
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Paul Sztorc retweeted
The Michael Saylor Broken Promise Tracker 🧵 1/ "Never dilute if it decreases Bitcoin per share." Broken: Announced today the issuance of 1.4M new common shares to bolster cash reserves and manage STRC stress, mathematically decreasing BPS for common holders. 2/ "Never dilute below 1.22x EV mNAV." Broken: Floor officially breached today. 1.4M shares were issued at a compressed premium simply to hoard fiat cash rather than accreting Bitcoin. 3/ STRC will act as a stable "money market fund" (3% volatility). Broken: The preferred stock is now trading like a volatile high-beta asset. 30-day historical volatility hit 11% and the principal plunged to $90.40, breaking its $100 par value. 4/ "There is no second best crypto asset." Broken: Now heavily promoting DeFi yield protocols and stablecoins (like Apyx and Saturn), as these alternative assets have quietly become STRC's largest holders to absorb the supply. 5/ "We will never sell." Broken: In May 2026, Strategy Inc. officially sold 32 BTC, permanently shattering the perpetual hold narrative. 6/ The $42B plan will be deployed methodically "over 3 years." Broken: Burned through the vast majority of the allocation in months, eventually halting purchases entirely due to dividend coverage stress. 7/ "Never dilute below 1.0x basic mNAV." Broken: Floor entirely abandoned as market premiums collapsed. 8/ "Never dilute below 2.5x basic mNAV." Broken: This initial floor was quietly abandoned the moment premiums began compressing. 9/ "Zero counterparty risk." Broken: While technically equity, the massive preferred stack introduces severe systemic risk. The 11.5% yield created a massive annual cash obligation, acting as a structural margin call that is forcing the liquidation of treasury BTC. 10/ "Chasing yield is how you lose your Bitcoin." Broken: Created STRC to chase yield and is now seemingly in a position where they will need to start selling (losing) their Bitcoin. 11/ Maintain accurate, lawful corporate accounting. Broken: Caught cooking financial books in 2000, triggering an SEC settlement. The stock wiped out 90% of its value in a single month, ultimately crashing 99.4% from its peak.
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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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All haters are warmly invited to a X/Twitter Space -- Tomorrow 2 PM - 4 PM ET, Every Wednesday I don't have time to reply to every idiot hater on the internet, but I will give you 2 hours each week -- so take your best shot (otherwise your complaint is fake, and u a coward)
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Try our software -- LayerTwoLabs.com/download
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Paul Sztorc retweeted
Jeff Bezos reveals why compromise is one of the worst ways to resolve a disagreement "An example of a really bad way of coming to agreement is compromise. If I say the ceiling is 11 feet and you say 12 feet, we say let's call it 11 and a half. That's compromise" "The advantage of compromise is it's low energy. But it doesn't lead to truth" "Another really bad resolution mechanism is who's more stubborn. Two executives disagree, they have a war of attrition, and whichever one gets exhausted first capitulates. You haven't arrived at truth, and this is very demoralizing" "Escalation is better than a war of attrition. Escalate to your boss and say, we can't agree, we like each other, we're respectful, but we strongly disagree, we need you to make a decision" "Exhausting the other person is not truth seeking. Compromise is not truth seeking"
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Take the [Michael Saylor-Soft Fork] Challenge. I will actually pay you $5000. I'm serious.
Replying to @Truthcoin
$5,000 Prize If you can explain to Michael Saylor **what a soft fork is**, such that **he articulates it on video** at some point. - You have 75 days. - He must explain it **correctly**. - You must have some kind of proof that it was you who explained it to him. 100% serious.
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However, Saylor has to actually learn it *correctly*. Soft forks are hotly debated in the technical community -- many, such as Luke-JR, have unusual views or fringe views. Don't even get me started on @BitMEXResearch views. Once @Vladcostea interviewed about 20 people in a row and asked them the same questions -- mostly, there **is** agreement on the basis of what a soft fork is. My own view on the soft fork is expressed in my essay here bip300cusf.com/cusf.pdf -- and my covenants support rationale truthcoin.info/files/covenan… -- among other places

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