The Other Side Of The Fork: Bitcoin Cult, Lightning’s Last Gasp, and The E-Cash Revolution

you.Well, you've raised a, a lot of very important, uh, uh, points there.

So one is that there was this era around twenty seventeen where we had these hard forks, and this started with Bitcoin Cash, and then there were some imitators, Bitcoin Gold and Bitcoin Diamond and stuff.

And then Bitcoin Cash itself split off into Bitcoin SV.

But everyone was getting kind of like a free dividend here.

This was the, you know, you're just getting more money.

If you own, you know, fourteen Bitcoin, you're lucky enough to own fourteen Bitcoin, you get like fourteen Bitcoin Cash and fourteen Bitcoin original and fourteen Bitcoin SV.

So one of the, my messages, and I, I'm a very much a contrarian, as you can tell from the Lightning video.

I'm like a contra-- I'm like within the BTC kind of small block or L1 universe, but I'm v-very much a contra- a big contrarian there, and lots of people really, really, really don't like me or what I have to say.

But, um, one of my messages is we should do these hard forks more often.

So we had a long period of time, it was basically from twenty seventeen until very, very recently where we did none at all.

And in fact, Bitcoin Cash was sort of held up as kind of like almost an example of, of like a failure or like a warning of what not to do, which I think is kind of unfair.

But the point is, I'm just speaking on behalf of BTC culture.

They're like, "Ah, well, if you do that, then you'll lose and you'll be ostracized." So, um, but if you actually just think, if you just stop and have a s- a sober think about what does the hard fork do? It just, if there's a dispute between A and B, you know, you have option A and option B, like, like small blocks and the large blocks in the case of the block size vote.

The hard fork just says you can have A and you can also have B, and everyone gets more money for free.

So it's actually not so bad if you really think about it.

And I, I for one find it very suspicious that we don't just do this more often.

This is more the spirit of open source software.

Uh, it's great that everyone gets free money.

I think it's very intriguing that the recent hard fork, which is Luke Dash Jr.'s bizarre project, which we could talk, we could spend easily two hours talking about and dissecting.

But he kind of did e-everything in a way that I think was very wrong and that I disagree with, and I think was very confusing, and he made multiple statements that were completely false, and then he had to walk them back, and then the whole thing's very embarrassing and humiliating for him.

But just you launch a hard fork and you can get, you know, four hundred, five hundred dollars of value out of it.

I think it was nine hundred dollars at some point.

It may have crashed twenty percent a day the last two days, so then maybe it's like five hundred, four hundred or something.

We can check as the, as the hour may be.

It's very illiquid, and I think that that project is, you know, kind of a, a nuthouse.

you.Well, you've raised a, a lot of very important, uh, uh, points there.

So one is that there was this era around twenty seventeen where we had these hard forks, and this started with Bitcoin Cash, and then there were some imitators, Bitcoin Gold and Bitcoin Diamond and stuff.

And then Bitcoin Cash itself split off into Bitcoin SV.

But everyone was getting kind of like a free dividend here.

This was the, you know, you're just getting more money.

If you own, you know, fourteen Bitcoin, you're lucky enough to own fourteen Bitcoin, you get like fourteen Bitcoin Cash and fourteen Bitcoin original and fourteen Bitcoin SV.

So one of the, my messages, and I, I'm a very much a contrarian, as you can tell from the Lightning video.

I'm like a contra-- I'm like within the BTC kind of small block or L1 universe, but I'm v-very much a contra- a big contrarian there, and lots of people really, really, really don't like me or what I have to say.

But, um, one of my messages is we should do these hard forks more often.

So we had a long period of time, it was basically from twenty seventeen until very, very recently where we did none at all.

And in fact, Bitcoin Cash was sort of held up as kind of like almost an example of, of like a failure or like a warning of what not to do, which I think is kind of unfair.

But the point is, I'm just speaking on behalf of BTC culture.

They're like, "Ah, well, if you do that, then you'll lose and you'll be ostracized." So, um, but if you actually just think, if you just stop and have a s- a sober think about what does the hard fork do? It just, if there's a dispute between A and B, you know, you have option A and option B, like, like small blocks and the large blocks in the case of the block size vote.

The hard fork just says you can have A and you can also have B, and everyone gets more money for free.

So it's actually not so bad if you really think about it.

And I, I for one find it very suspicious that we don't just do this more often.

This is more the spirit of open source software.

Uh, it's great that everyone gets free money.

I think it's very intriguing that the recent hard fork, which is Luke Dash Jr.'s bizarre project, which we could talk, we could spend easily two hours talking about and dissecting.

But he kind of did e-everything in a way that I think was very wrong and that I disagree with, and I think was very confusing, and he made multiple statements that were completely false, and then he had to walk them back, and then the whole thing's very embarrassing and humiliating for him.

But just you launch a hard fork and you can get, you know, four hundred, five hundred dollars of value out of it.

I think it was nine hundred dollars at some point.

It may have crashed twenty percent a day the last two days, so then maybe it's like five hundred, four hundred or something.

We can check as the, as the hour may be.

It's very illiquid, and I think that that project is, you know, kind of a, a nuthouse.