0:00 space. Just turned it on. Let me invite everyone. This will take a second. 0:30 Okay. I invited a bunch of people, so hopefully they show up. 0:38 And just a reminder that we do these spaces in order to 0:45 answer people's questions, because people do have a lot of questions. They have a lot of messages, 0:50 you know. It's very wearisome replying to them all individually, so people can ask them here 0:58 or they cannot. I mean, one purpose was to address the haters, which is kind of a waste of time, but 1:06 it's still fun to do it anyway, because at least your supporters can see that the haters don't 1:11 really have anything on you. But yeah, I mean, like a lot of haters don't even show up, so. 1:19 But let me post. I forgot to even post it. Post it on my post. 1:24 Post. Okay. 1:30 And we've got Vlad. Let's move Vlad up as a co-host. Why not? 1:45 And these spaces are often kind of slow at the beginning, 1:49 but then at the end, they're a little better. I don't know. We may stop doing them, because 1:55 I feel like the utility has fallen off a little. I don't know, Vlad, what do you think? 2:03 I disagree with you. There is a lot of value in showing up, and I think that people need just to 2:10 see that someone actually cares about what's being built and receive that reassurance that, 2:14 unlike what some toxic maxes will say, this is not a scam. This is happening. This is building. 2:20 This is shipping stuff that previously did not exist and was supposed to exist on Bitcoin, 2:26 but that's not what happened. And maybe, I don't know, maybe I just enjoy listening to people every 2:33 week in here, but I feel like there is something growing, and this grassroots feeling, like there's 2:40 no professional marketing or whatever. It's just the creator of this, answering to all the questions 2:47 and even dealing with trolls. I think it's amazing. I'm grateful that you're doing this. 2:54 I might have to have someone else do it every week, and then I'll just pop in 3:00 from time to time. But yeah, we're building lots of stuff. For example, there's now a second 3:06 CUSF client that adds quantum-resistant signatures and will probably add a lot of other 3:12 weirder stuff, like it might add OP_CAT. It might add OpVault. So of course, that's something that 3:20 BTC could just take at any time, but we know that they won't because they're deranged. 3:27 And just the whole 110 thing is a huge distraction and kind of an embarrassment. 3:33 So we are building tons and tons of stuff. 3:36 It's kind of hilarious, sorry for interrupting, but once you launch eCash next month, they will say, 3:41 well, we can't take that because it's used by shitcoin. It's shitcoin tech. If it doesn't come 3:46 from our sacred circle of high priests who are coming up with stuff, then it's just not good 3:51 enough. So we have to figure out something new. It's hilarious because essentially eCash is going 3:58 to be a shield against this technology ever getting adopted, which is kind of bittersweet, 4:03 right? You built this for Bitcoin and you spent almost a decade pushing this. 4:13 Yeah, that's true. It's not like I was pushing for it every single moment of the decade, 4:19 but because I just kind of thought lightning would be fine or something else would be invented, 4:25 and it turns out everything else is really terrible. I had no idea everyone else was so bad 4:30 at this. But yes, so we could probably continue to do things, but maybe we'll have someone else 4:40 host. Although each week we do get some interesting new stuff. 4:50 Let's see if Shomari wants to come up and talk about all his stuff. He's always talking about 4:56 this and that. He's always complaining about the bug bounty, even though it says to message 5:03 on Telegram. He can't spend $2 to get the Telegram account. Just buy a burner Telegram. 5:14 Oh, I thought I brought him up already and then he has to request. I don't know. The way they do 5:17 this software, I swear to God. It's not that I'm complaining, but why is the Twitter software so 5:26 bad? Although I guess that's the other big news is frankly that the Twitter algorithm is way better 5:32 as of two days ago. Yeah, thanks for inviting me up. I do appreciate that. 5:38 I do appreciate that. Yeah, welcome. Long-time listener, long-time caller. 5:48 I really appreciate what's been going on for the past week with the Discord because it's really 5:54 allowed me to be very engaging with many members of the community. Brand new Discord. I'm not 6:01 running it, which is even better, so I'm not responsible for it, but I am on Discord. 6:06 And yeah, who doesn't love a good Discord? Discord night with the boys, except instead 6:13 of playing Call of Duty, it's to talk eCash without nasty Telegram and it's mean KYC. 6:25 The horror, you know, the horror. 6:33 Shomari, I don't remember. I didn't really follow up on your bug because I've been very busy and 6:39 sometimes the universe just conspires against you. I wasn't really dwelling on that. 6:47 I was looking to really get involved with the fixes, the bug fixes, and I'm still submitting 6:54 issues, whether or not I'm officially part of the contest. I just really support getting this 7:03 as prepared for the launch as possible. I just recently submitted another issue for the eCash 7:12 Wallet Mobile to that gentleman. He's doing an amazing job, by the way. I just really 7:18 am impressed with your team. That's good to hear. Yeah, definitely. We try to work them really hard, 7:29 you know. But of course, it is also crunch time, so everyone can relax a little bit more like in 7:37 September. But I was like, everyone, work hard now. Work hard like you have been working hard. 7:48 But yeah, he's really great. Mobile app is pretty good. Mobile app is also great because you got 7:53 your deplatforming risk. You got a lot of people who don't even use desktop or laptop. So, you know, 8:01 people love the mobile app. Mobile app also, I mean, the mobile app is kind of dicey because 8:07 it means that Apple or Google could just pull the plug on you at any time. But it's not so simple. 8:13 I don't think they want to do that necessarily because they know that web apps and stuff, 8:20 they know that the game theory doesn't completely support that. Yeah, and that's why web apps are 8:25 so important. I know a lot of people will complain about the security risk, but it is a hedge against 8:31 exactly what you just said. I wholeheartedly believe that their requirement as part of the 8:41 wallet ecosystem to maintain those web apps just to hedge. Yeah, exactly. Yeah, game theorist 8:48 approved. Like we're all holding a pistol at each other and it's like, don't make me use this web 8:54 app. Exactly. And then you do have F-Droid since your code is open source. That is definitely an 9:03 option as well. Just on the Android side. I like Android personally. And then I have that, you know, 9:11 I have blue bubbles. I have like all these hacks to like trick iPhone users into thinking I have 9:16 an iPhone, which for me works just fine because like I've got plenty of like multiple Mac minis 9:23 and stuff. You just, I got like a iCloud. I got all this stuff, you know, I've got all the Apple 9:27 stuff so you can like fake it. But, you know, I think, well, we don't really want to get into 9:35 iOS versus Android. Although, God, like Android had like the anti-spam call thing like three years 9:41 before that. But anyway, so yeah, Shamari is great. Shamari has a sidechain idea. 9:47 It's very interesting. Now, I wouldn't worry so much about Shamari. The people who have all the 9:55 hashrate now would be basically Sat's scholar. So he can't make it right now. I happen to know that 10:03 he dropped me a line saying he couldn't make the space. But for the dry run. The mining, the M1. 10:09 He has been talking about this exact moment in time on the dry run site. He has, you know, 10:17 whatever, a lot of hashrate. So, and just to be, oh yeah, but you can't be in Shredge and talk. 10:23 Well, we're going to do something where we're going to have it. I think, do we have this 10:28 working already? Yes, we do. We have it so that on Telegram and Discord across posts. 10:33 It does. I've been following Sat's scholar. So I'll be more in tune with what they're saying. 10:40 Yeah. Because I considered just renting my own hash just to get the M1 done. But to your point 10:49 though, I mean, you immediately have to act and I definitely don't have the hash power to act. 10:55 So yeah, the idea was that miners would be represented by pools, would be a small number 11:03 of expert specialists. And then these pools would decide to enthusiastically support 11:10 the sidechain. And then it would be, so that's the way the filter was designed 11:16 to catch anything that wasn't already pre-approved by the human brain of the miners themselves. 11:24 I have a very, I'd just like to rant about pools for a small moment, if I may. 11:28 Can I just interject really quick, just one clarification, because I'm still not sure if 11:34 I understand, how many acts do I need over the two-week, like 2100? 11:39 Well, the dry run we have shortened it. In the real world, it's two weeks. 11:43 So because it was supposed to resemble BIP-9. 11:45 It's like 95%. So I read that somewhere, but I also saw like 50%. 11:49 I think, well, the thing is, it's 50% in practice because of the so-called nuclear option. 11:59 The miners can just filter anyone who doesn't signal. 12:02 This is what BIP-110 is going to do, except they're going to filter themselves immediately 12:09 because it's mandatory signaling August, whatever it is, 5th, I don't know. 12:15 And so, in practice, it's always 50%. You can always turn 51 into 100, if you wish. 12:29 I have no idea what that means, but I'll take your word for it. 12:32 Let's say you have 51% and you say, I am going to act this chain and if someone else doesn't 12:42 mine a block that doesn't act it, I'm just going to ignore that block. 12:46 Oh, I got you. I see. 12:47 I'm going to build on my own chain that has X. 12:52 So if you do that, you will end up with 100%, which is what everyone will see. 12:56 Now, there will be a lot of minority chain, but it'll have 49% hash rate, 13:01 so it will never be chain active. So it will just be orphaned. 13:07 I understand that. 13:09 Got it, yeah. So 51 equals 100. 13:12 Okay, we got a JK up here. 13:15 Yeah, I just, I... 13:16 JK Rowling. How many people have made that jump? 13:19 Yeah, right. No, I was just wanting to comment on, I think Ishimori was proposing 13:25 another chain to add on and just some, I guess, checks. Sorry if you can't hear me. 13:30 Just some checks, basically, to have it be valid and under BIP300/301, 13:40 things like committing the bundle hash in the header and things like making sure that there's 13:47 only one bundle ever constructed at a time. I don't know if he took into account all these things, 13:52 because I don't know, it's just... 13:53 Yeah, I would actually love to just maybe quickly review a few things regarding that, 13:58 because I wanted to clear up one thing that I really finally understand now with regards to the 14:06 fees going to the L1, because initially it just didn't make any sense to me at all. 14:10 Like, how would you sustain an L2 if all the fees go to the L1? 14:14 But I'm essentially going to be following the Ethereum fee model, where they have a base fee 14:19 and then a premium fee. So there'll be more than one fee, essentially. So all the transactions, 14:26 every single transaction has a base fee, every 100% of them, and that would go to the L1. 14:32 But smart contracts, you can program whatever you want into a smart contract, and that would have 14:38 a second fee. I would call it a contract fee. And that's from the contract owner, author, 14:45 to decide. And then that would then can also be shared with the L2 treasury, so to speak, 14:52 to kind of sustain the actual sidechain. So I'm imagining there'd be two fees, a base fee 15:00 and another fee, and the base fee would get 100% would go to the L1. And just also just 15:08 finish my point to just extend some math that I worked out, because another issue I was having 15:15 with your, I guess, proposed 10 cent fee, I just really never made much economic sense to me, 15:23 because for me, Bitcoin, at least my Bitcoin from 2012, 2013, was all about microtransactions. So 15:33 I was always thinking sub penny would be the unique value proposition of Bitcoin that no other 15:40 currency could do. In terms of being able to do maybe gameplay, microtransactions. So just having 15:52 really low fees was, to me, a requirement. So I just wanted a little counter on your 16:00 expectation. I did some math, and specifically just using my proposed chain as an example, 16:08 today, right now, with no optimization, the fork that I'm using is capable of 60,000 16:15 transactions per second. If you were to just look at max capacity, 16:24 and using the microtransaction model, let's say a tenth of a penny 16:32 per transaction, which is pretty common, even lower than that, you're looking at like $60 a 16:38 second in terms of capacity that the chain can produce in just L1 base fees, 16:46 which translates, you just do the math, about $3,600 a minute and $36,000 per 10-minute block. 16:56 So I think volume would really make more sense in a lot of these cases than just having 17:04 a higher fee. I think stressing just mass transaction volume, but at a very small fee. 17:12 I was more so just wondering, basically, when do you consider a block valid on your sidechain? 17:18 Usually, for elements, it's like one-to-one whenever there's a block on the main chain, 17:23 and then you don't confirm the valid block unless it has the hash of the previous BIP301 17:28 commitment. So I don't know if you have an equivalent, like if you're doing one-to-one 17:32 blocks in the main chain, or if you know, like, yeah, well, again, it's like the fees, 17:38 there's going to be more, like the definitions are going to change slightly. So I have this 17:43 written somewhere. I think it's in the white paper already. If you actually do check my site, 17:48 there is a white paper that details a lot of this. But essentially, you would have, because 17:52 the blockchain is two minutes that I'm using, two-minute block times from the native chain 17:58 that I forked. So essentially, you just aggregate like five blocks into the hash bundle and then 18:05 send that to the L1. So essentially, you're still doing block confirmations at two minutes, 18:11 but then the L1 quote-unquote settlement is going to take 10 minutes. So it's just, 18:17 I would say different levels of confirmation. So, you know, you have three levels actually, 18:23 because the first level is actually at the transaction level, because we're planning to 18:27 do like pre-consensus. So the transaction confirms, finalizes, I should say, in about 18:32 two to three seconds. And then the, you know, all the transactions get aggregated into the block 18:37 every two minutes. And then those five blocks get settled on the L1 every 10 minutes. 18:44 So you are putting a... Sorry. 18:47 I'd just like to say that I'm very in favor of all this stuff, even though I'm also a little 18:52 skeptical of it, because I do think, I had this, a similar idea that you could have, 18:59 you know, you can change the block time on the L2, and you can even use the L2 to like create 19:04 like what you might call an L3. And you could have stuff over there to prevent double spending 19:11 in other ways, such as people staking, and there's a lot of like R&D has been done on this 19:19 stuff. So I think the compound fee is a great idea. I think the sub blocks, 19:26 I think it could be great. I think it probably will work really well, especially if you have 19:32 a situation on the L2, theoretically, where different people are willing to stake different 19:37 amounts, and then it will all settle long before the three-month check-in is finished. 19:45 So I think as long as you have that proof of work anchor in BTC, in the three-month anchor, 19:51 you could build backwards in time from that, and you can make stuff that settles 19:55 instantly. I don't know if this will be the... 19:59 the final form, so to speak. 20:02 I would just recommend that you, like at some point, find a way to anchor it on a hash in a block in the main chain, 20:10 like before the withdrawal bundle is like active, I guess. 20:13 Yeah, I think he's saying, though, that he does one-to-one, and then between the block, there's like four sub blocks also. 20:24 Correct. Yeah, because the chain I'm using has native two-minute blocks, which work perfectly today. 20:30 They've been running for four years now. So that works for the L2. 20:37 And then in terms of the terms, I'm finalizing the terms, but essentially, instead of calling it a block confirmation for the L1, 20:46 I'm calling it a block settlement, or I forget the name, but instead of confirmations are really for the L2, 20:53 every two minutes, and then it settles like a final, you know, enshrined, and that's all just security. 20:59 It's all just levels of security. 21:02 So it depends on the transaction you're doing, how much security you want. 21:06 So you might just let it, like for like a cup of coffee, you're just going to use, obviously, the pre-consensus. 21:11 It's going to finalize the transaction in like two seconds. 21:13 So that's for like just low fee. 21:16 And then you'll have the block confirm every two minutes. 21:19 That might work for like, say, the exchanges, I would think, as it does today. 21:24 And then you'll have like the next level where it settles every 10 minutes, which maybe some exchanges might require or not. 21:31 But it's just levels, you know, from the transaction to the L2 block to the L1 block. 21:41 I guess just to clarify, like the hash commitment in the BIP301 message is sort of like what pays the fees back to the main chain. 21:48 And then the withdrawal bundle hash is like separate, like for just doing withdrawals. 21:53 So just consider both, I suppose, is my point. 21:55 Oh, absolutely, yeah. 21:56 And like Paul said, I mean, I'm catching up. 21:59 I haven't been in this community very long. 22:01 So I'm still understanding like how much liquidity and how that will work. 22:07 And like, you know, he's mentioned it, but like just taking me a while to understand like the actual economics and the mathematics behind it. 22:15 But no, it all seems to work. 22:18 It seems to work very well. 22:19 And again, I was concerned about like, you know, the incentives to the L1. 22:24 And as I just did the math, you know, potentially, you know, you're looking at $36,000 a block to the L1. 22:31 Yeah, I know. 22:31 We currently have like basically zero. 22:34 The BTC, I mean, BTC has basically zero dollars per block. 22:40 I mean, I know it's not literally zero, but in fees, but it's very low. 22:46 And the efforts to make it like a luxury good have all ended in complete failure. 22:53 And it's just much easier. 22:54 It's much more stable. 22:55 Everyone has said this time and time again. 23:01 You know, it's much easier to have a world where lots of people are paying a small transaction fee. 23:07 The total transaction throughput is very high. 23:10 There's nothing to do with the L1 block size at all. 23:13 This has all been like, you know, discussed for like 10, more than 10 years. 23:18 Let's see if we can get any new. 23:20 Do we have any new people who want to come up or any skeptics or anyone who has got an axe to grind? 23:30 I do have an axe to grind. 23:32 People maybe have never found us before today because of the Twitter algorithm. 23:37 Can I actually do make one? 23:39 Yes. 23:40 Which I have been holding. 23:44 Essentially, I have issues with the Drivechains and Discord. 23:49 You know, now that I'm chatting with people, I have been getting some pushback. 23:53 And I had a really good conversation with some cat. 23:57 I don't remember the name of the screen name. 23:59 Yeah, he's very feisty. 24:02 Yeah, yeah. 24:03 He bites people a lot. 24:04 It was wonderful. 24:06 I want pushback. 24:07 I want feedback. 24:08 So pushback is good. 24:10 But essentially, I just wanted to kind of clarify and justify the proposal also. 24:17 Because for the sidechains, you've taken the model clearly of having specialized sidechains for each particular task or objective BitAssets. 24:29 You have the Z-side privacy and for different things. 24:36 But again, you haven't really done a general blockchain. 24:41 And I did spend some time looking into elements. 24:44 And it does have some additional features. 24:47 But the main thing... 24:48 I kind of don't believe in this whole general thing. 24:51 It's kind of like, what if you had a Swiss Army knife? 24:55 You see what I mean? 24:56 The Swiss Army knife already has a screwdriver, a bottle opener, a corkscrew. 25:00 They pre-predicted what you might need. 25:03 A knife. 25:04 And it's not just like, oh, here's a piece of metal that you could shape if you wanted. 25:12 That leaves too much work to the user. 25:15 The user should be the consumer. 25:17 That's exactly where the advantage comes. 25:20 The word I will use, the key word here is automaticity. 25:25 To make everything atomic is very, very slow with the model that you have right now. 25:32 It is very, very slow. 25:34 And I don't see it being as useful as having one chain that can do everything. 25:43 Well, you do one chain that does everything. 25:45 But then certain use cases crowd it out because they muscle out the fee. 25:50 So eventually, it's just you try to make it do everything. 25:55 But in practice, it just does. 25:57 Because the one thing... 25:59 No, I'm kidding. 26:00 This is where I think I kind of got a little support from the Feisty Cat. 26:05 Where the one thing you're missing... 26:08 Because I understand what you're saying. 26:10 I totally support where you're coming from. 26:11 But the one thing you're really missing is the ability to do smart contracts. 26:15 And I feel like as though you don't really have a great value and appreciation for just how much... 26:24 How valuable it is to have the ability to do smart contracts. 26:27 And right now... 26:28 Yeah, because, you know, I have the good names a bit active. 26:32 And it's kind of like the way I see it, those are the smart contracts that people actually use in Ethereum. 26:39 Now, of course, I'm sure there's some... 26:43 No, no, no. 26:44 None of the Drivechains have any programmability. 26:50 But what do people actually do with Ethereum? 26:52 Is they mint ERC-20 and then they buy it from each other? 26:56 And then you don't even need the program. 26:58 No, yes, you do. 27:00 You absolutely do. 27:01 Because how do they do it? 27:02 It's all through smart contracts. 27:03 I mean, I've never seen it not be through a smart contract. 27:06 So that's what I'm trying to... 27:07 I don't even know who does it any other way besides using smart... 27:11 You're half right when you say that. 27:13 But then I feel like it's just incomplete. 27:15 I don't know if it's just from not being involved in those communities. 27:18 But you seem to be devaluing the importance of smart contracts. 27:22 And I'm baffled, completely baffled by that. 27:25 So that's my little critique, my pushback. 27:27 It's all been built so that anyone can, as you know, anyone can launch any L2. 27:33 I think we will have an EVM. 27:37 There's like a new Rust EVM thing that's like super good or whatever. 27:43 So we might have that. 27:45 We might have... 27:46 We'll probably have Shomari's L2, which I'm sure he's going to put everything he wants in there. 27:51 And I think... 27:53 That's great. 27:55 So, okay, now I keep... 27:57 People keep requesting. 27:58 I click accept. 27:59 This might be because... 28:00 I don't know if Vlad has blocked someone. 28:03 Sometimes I click accept. 28:05 And then they click request. 28:07 I click accept. 28:08 And then we never... 28:09 They just disappear out of the space. 28:11 And we never see them again. 28:13 But I've also blocked a lot of people. 28:16 Because if someone blocks me on X on Twitter... 28:20 Oh, he's up here now. 28:21 Okay, great. 28:22 I don't know. 28:23 It's just the madness of this app and how weird the design is. 28:26 Just to the makers of this app, when you click accept, the person should, like, go into, like, a little waiting room box so that you can see what happened to them. 28:34 And then they come on stage because it's extremely confusing. 28:41 Hopefully, XAI is reporting all the notifications and training their AI on it so they can incorporate the feedback. 28:51 Anyways. 28:52 Anyway, welcome to the stage. 28:54 Let me wrap up, though, by saying... 28:57 People can launch their own L2. 28:58 We probably will have EVM L2, like, later this week. 29:01 God, I hate every time I say that. 29:03 It's like a curse. 29:05 Because that takes forever. 29:07 But I'm not... 29:11 It's true. 29:12 Shomari is right. 29:13 I think the EVM sucks. 29:16 And I don't like it at all. 29:17 And I think it's overrated. 29:19 But is that just me being curmudgeonly? 29:24 You should look at the fees, though. 29:26 But you know the fees. 29:28 You do. 29:29 Yeah, I do. 29:31 But I think those are the fees. 29:32 Those are the fees of freedom. 29:33 Those are the fees of people saying that they want to do whatever they want to do. 29:39 BTC is, like, not going to let them do it. 29:43 So... 29:45 And... 29:46 I'm telling you, it's at least... 29:48 Ethereum is the rival party. 29:50 I would say at least 75% of Ethereum transactions are not sending ETH. 29:57 They're just something else. 29:59 And that else is what is missing. 30:01 That's all I'll say. 30:02 I know that. 30:03 Yeah, no, I've been saying that. 30:05 I was in 2021. 30:06 I was talking about how if you could divide fiat value of one day... 30:13 How many fees earned in a day? 30:15 Ethereum versus BTC. 30:17 Ethereum went from... 30:19 You can have a log chart. 30:21 Log base 10. 30:22 And Ethereum went from, like, 1,000th to, like, past 1 to 1 to 1 to 100 in, like, 2021. 30:31 And it looked like it would just keep marching up. 30:33 I haven't looked recently. 30:34 But the point is... 30:35 It's always... 30:36 Anyone can look at cryptofees.info. 30:39 Oh, no. 30:40 I just invited him on the stage. 30:42 And then he, like, had a weird connection thing. 30:45 Just to the makers of this app, could you just do a better job? 30:50 Could you just do a better job? 30:52 I literally have to hover my phone. 30:54 Because if I touch it, I'll disconnect. 30:57 It just hovers. 30:58 It's weird. 31:01 Well, hopefully he can make it back on to the stage. 31:07 Because we didn't hear what he had to say. 31:10 And... 31:13 I don't know. 31:14 I'm just going to close other apps on my phone superstitiously, as if that's going to help. 31:18 Close all this stuff. 31:23 We'll just hope for the best. 31:28 Well, I'm very happy you mentioned that you're reconsidering the ETH side. 31:34 Because I did check the repo. 31:35 And it's, like, two years out of date. 31:37 I don't know if you're considering just updating that or... 31:40 No, I'm probably not going to revive that one. 31:42 Okay. 31:43 We'll probably do a different one. 31:44 Okay. 31:45 Probably start from scratch. 31:46 Cool. 31:47 But, yeah, I don't really respect it. 31:50 I don't think it's that good. 31:52 I think what people like about Ethereum is that you get away from the psychosis in BTC. 31:58 Which is a real drag. 32:01 Well, I can see there's a whole bunch of crazy things. 32:04 But what I would just like to point out is that that's where the builders are. 32:08 That's where all the builders are. 32:10 EVM. 32:11 There are no UTXO builders. 32:12 It's a handful. 32:13 I can name them. 32:14 Give me a minute. 32:16 I can name all of them. 32:17 So EVM has the mindshare. 32:20 And I agree with you. 32:22 I really do. 32:23 It's just I'm saying you have to have some sort of onboarding. 32:27 But isn't UTXO better? 32:29 It's a thousand times better. 32:31 Yeah. 32:32 I would quantify it as a thousand times better. 32:34 Why are we EVM? 32:36 Because no one in the EVM world can speak UTXO. 32:40 I can attest to that. 32:41 They just cannot. 32:42 And you're going to have to give them a way to kind of gradually migrate. 32:47 It's completely different. 32:50 I know this from the Bitcoin Cash world. 32:52 At one point, they had both. 32:54 And I saw what happened when they launched the EVM. 32:57 It's called Smart BCH. 32:59 And every EVM project, like all the good ones, I should say, just dumped on. 33:04 It was a hundred projects in the first three months. 33:06 A hundred. 33:07 One hundred. 33:08 And that blew up because it's BCH. 33:10 But I saw the potential. 33:13 It's not theoretical. 33:14 I know exactly what it would take to get these builders to come over. 33:18 And you can't sell them on UTXO from day one. 33:20 They can't recognize it. 33:23 Like, what is this? 33:24 I think that makes sense. 33:25 That could make sense. 33:26 Anyway, with this project, we try to be – it's definitely not – this project tries to be very pluralist, 33:34 which is to say, try everything out. 33:38 Anything that works can stay. 33:42 That's different, though, for me personally. 33:44 I have to have like a kind of quality control or what have you. 33:52 Would anyone else like to come up? 33:54 We lost – whatever tried to come up, and he – the app killed him off. 34:00 So it's time for contestant number three. 34:04 Maybe we can – maybe he'll come back. 34:07 Maybe he won't. 34:08 I don't know. 34:10 This app already, the dancing – the blue dots that are supposed to dance when I talk are frozen, which is always a terrible sign. 34:17 I don't know why this app is so bad. 34:19 But let's hear from anyone. 34:21 Anyone who is a skeptic or a former skeptic, we'll take that, who didn't even see any of this because the algorithm sucked before. 34:34 Let's hear from someone like that. 34:36 They can request, and then maybe the app will let them up. 34:40 Maybe it won't. 34:42 If Vlad has blocked you, he may not be able to hear you in the space. 34:45 I have no idea. 34:47 I don't know. 34:48 So many people have blocked me. 34:50 I've never heard of them in my entire life, but then I block them back immediately. 34:54 As soon as I see that someone has blocked me, I just say, fine, if that's how you want to be. 34:59 Then I always block them back. 35:02 And I know that the Twitter algorithm will demote – if certain people block you, it will demote your reach. 35:15 And I just prefer to believe that I'm one of those people who has the magic block. 35:21 Okay, we've let someone up. 35:23 Kitty M. Kitty Meow. 35:26 Now, hopefully they make it up here okay and survive. 35:28 Okay, here they are. 35:30 Hey, Paul. 35:31 Hello. 35:32 Hey, Paul. 35:33 I just have one question. 35:35 Are main exchanges going to support your hard fork? 35:40 Well, I think probably, but I haven't really asked. 35:45 Because we're still doing the dry run, and I want to put it in a really nice box for them. 35:49 But I think there's a few reasons why they will. 35:52 I mean, first of all, there's a few smaller exchanges that definitely will because they're friends and supporters of mine. 36:00 But the thing is, over the last few years, this question has fallen in relevance by a lot, like maybe a factor of 200. 36:12 Because it used to be, if you weren't on the exchange, you were completely screwed. 36:17 And you had no liquidity, and it was just a way of smothering, killing off the project in the cradle. 36:26 But I don't think it's like that at all anymore. 36:28 So for starters, now the USDT exists. 36:31 And so anyone can immediately do a super, super, super strong OTC desk using literally nothing, using IRC, using just telegram or signal or something like that. 36:44 So I'm just talking at the bare minimum of things are a thousand times better. 36:50 Because before, you had to do OTC some other way. 36:52 You had to send the fee out around. 36:55 But in addition to that, there are all these swap providers, like ChangeNow or whatever. 36:59 Hypothetically speaking, I'm just going to say – oh, did you want to interrupt to say something? 37:04 That's fine. Say whatever. 37:06 Yeah, I was just going to say thank you for answering my question. 37:10 And I wish you the best on your project. 37:13 And if I get some from an exchange or something, I'll make sure that I keep it. 37:17 And just best of luck to you. 37:20 Okay, thanks. 37:23 But to just continue about this exchange thing, they used to be really serious gatekeepers. 37:29 But with ChangeNow and these other things, you can just swap. 37:36 There's no need for – the exchanges need people's passport and stuff like proving where your address is. 37:44 They need all this paperwork. 37:47 And if you, for example, just buy the – if you download – there are many, many, many wallets. 37:53 There's Edge Wallet, Cake Wallet, whatever. 37:55 A lot of them do this. 37:56 The Bitcoin.com wallet. 37:57 If you download the Bitcoin.com wallet, you can immediately receive whatever you want. 38:04 Like Solana, for example. 38:06 You could receive $200,000 worth of Solana. 38:09 Swap it for USDT in the app. 38:12 You didn't give anyone your name or whatever. 38:15 You just downloaded the – so I think the situation now is completely different than it was even a few years ago. 38:25 And it's very, very different than it was five, six, seven years ago. 38:29 Now, in addition to having some support from smaller exchanges that are already supporters of ours, I think the large exchanges will have a very hard time not supporting the coin. 38:43 Because, first of all, the cost will be low, very low, because the L1 is just Bitcoin Core with a few tiny changes. 38:51 But we wanted to put these changes through a very rigorous bug process, even though they're tiny, first. 39:01 And so the cost of them is very low to actually support it. 39:07 And the harm from them not supporting is potentially very high because of the way the transaction replay is being done. 39:14 So I think they probably all will. 39:18 But I was going to wait until 30 days out to actually ask, because I wanted to have the project in as good as possible of a state before bothering them. 39:28 And I didn't want to bother them and say, oh, will you do this? 39:31 So that's coming. 39:33 There's a few small ones. 39:38 But this type of question, I do think it's kind of not a great question. 39:45 Because the question is, it's sort of saying it turns everything into a popularity contest, and it puts all the agency in these other people. 39:56 It's like, what do they think? 39:57 And it's like, who cares what they think? 40:01 If their thoughts were any good, we 40:04 would be doing what they want. 40:06 But there's absolutely no reason. 40:10 The tail doesn't wag the dog. 40:15 The reason people like it, it doesn't matter. 40:18 I wouldn't really worry about that. 40:19 So I know a lot of people have that question. 40:22 But I think it's quite a terrible question, 40:24 if you really think about it. 40:26 It's like all upside down. 40:29 It's like if Bitcoin were invented today, 40:33 and people were like, does Visa support Bitcoin or something? 40:38 It's like, what the hell? 40:39 Who cares? 40:40 The question is kind of upside down. 40:42 But I know why people ask it. 40:43 They just want to know, is there any third party 40:49 referendum on this? 40:51 And so that is coming. 40:52 I know a lot of people want to know the answer 40:54 to that type of question. 40:55 So I was kind of saving that up to announce it 40:58 in its own special time, or whatever you want to call it. 41:07 But it's a perfectly fair question to ask, 41:11 even though I'm not a fan. 41:13 Because you see what I mean? 41:14 It's kind of like, hey, what does Donald Trump 41:18 think of your, it's like, these people 41:21 don't know about what it is we're doing over here. 41:23 So and if they did, we wouldn't have 41:27 to do it in the first place. 41:28 So I think it's just, it will be kind of chaotic at first. 41:34 But I think the chaos will be part of the fun. 41:39 The exchanges will probably, when 41:42 they realize what's going on, they'll 41:44 probably rush to support as quickly as possible. 41:48 In part, because they can be just drained using the replay 41:50 protection if they don't. 41:54 But I think a lot of them won't support it, 41:56 and they will be drained, and that will be part of the fun. 42:01 But hey, this information is out. 42:04 It's in the public internet. 42:05 They can, they have plenty of time. 42:08 It's not going to take them that long to support, 42:11 because it's based on the exact same wallet infrastructure, 42:15 exact same UTXO as BTC. 42:21 So it should be very easy for them. 42:23 But we'll see. 42:32 Would anyone else like to come up? 42:36 Come on up if you have a question or a comment. 42:52 It doesn't seem like anyone does want to come up. 42:55 Oh, there is this guy, Satoshi's Bride. 42:57 But for some reason, Paul, I'm having some issues with the app. 43:00 I could not hear anything of what Shamar is saying, 43:03 and I never blocked him. 43:04 He never blocked me. 43:06 It's a weird kind of situation, where whenever he was speaking, 43:08 I could only hear complete silence. 43:12 And now there is this guy, or lady, Satoshi's Bride. 43:16 And I'm not sure what's going on. 43:17 And now there is this guy, or lady, Satoshi's Bride. 43:21 I hope that you can hear. 43:25 Oh, OK. 43:28 I don't see them. 43:34 But hopefully they. 43:39 Also, on the topic of exchange listings, 43:41 I think this is only natural, because I 43:44 remember the first time when I saw someone sending Bitcoin, 43:47 I was like, what can you buy with this? 43:49 And in the minds of these people, 43:50 whenever something new shows up, they just 43:53 want to know how they can use it. 43:55 And of course, they might have some Bitcoin, 43:57 which means they can claim some eCash. 44:00 And one way of confirming that this is actually 44:03 interesting to them is that it's going 44:06 to be listed on some exchange, so they can potentially sell. 44:09 So I don't blame them for asking this question. 44:11 It's just that there has been so much development 44:14 in this industry with routing around exchanges, 44:18 because in the beginning, they were listing everything. 44:22 Then they became gatekeepers, and you 44:24 had to pay them to list stuff. 44:26 I think it's a green flag for the project 44:28 that, as far as I know, nobody's paying for any exchange 44:32 listing. 44:32 It's all going to be organic, which is really good. 44:35 I think with most projects, when they raise money, 44:37 all they do is talk to exchanges, 44:40 talk to CoinMarketCap for having an animated logo, 44:43 or whatever, because they want to grab people's attention 44:47 and show that they're willing to spend money on the project. 44:50 And of course, they are rarely on the market 44:54 for longer than a few years. 44:56 They get abandoned, and then the founders 44:58 move on to something else. 44:59 And I think for eCash, this is a very good sign, the fact 45:03 that it's all voluntary and organic. 45:07 And some people will say, well, maybe you 45:08 don't want to let them sell or whatever. 45:11 But they shouldn't worry. 45:13 There's always someone else who wants 45:14 to get their hands on some eCash. 45:18 Well, I think that people should. 45:22 It will be easier. 45:25 If I were the exchanges, I would, 45:26 even if I hated the project, I would support. 45:30 Because it's just another thing they can trade, 45:34 and they can get the... 45:35 But I think more to the point, it's 45:38 kind of like, if they don't support the project, 45:41 then obviously we'd have to advise anyone 45:44 who wants to make sure they get the eCash to just withdraw 45:48 their BTC from the exchange. 45:50 So it's kind of like there's a built-in ultimatum, 45:54 even unintentionally, where it's kind of like, OK. 45:59 And then maybe if they don't, if they really don't care, 46:02 then it's possible that this huge pile of eCash 46:04 will be created. 46:06 No one will really know necessarily 46:09 even what happened to it, and it 46:11 may be lost, which would be beneficial to everyone else. 46:18 So I don't know what's going to happen. 46:20 As far as I'm concerned, the network 46:24 will credit everyone who has self-custody of their coins. 46:27 Those are the real users. 46:28 Everyone else has some kind of... 46:31 Now, you mentioned someone who's trying to come up, 46:33 but I don't see this person. 46:34 Let me see if I can look. 46:36 Huh, I don't see, where's the, oh, here it is, this button. 46:44 I don't see anyone trying to speak, 46:46 so I don't know if it's just the app sucking or what, but... 46:58 I don't see anyone invited or requesting. 47:06 Can I just take a quick moment? 47:07 I saw Jared Woodard come up as a listener. 47:13 I just wanted to thank him personally 47:16 because just all the work he's doing with the Discord, 47:19 it's just so very much appreciated, 47:20 so I just wanted to give a quick thank you for that. 47:29 It's also worth noting that there is a very popular 47:33 football game that's going to take place in about, 47:36 what time is it? 47:37 Oh, in 12 minutes, I'm sorry. 47:41 Yeah, absolutely. 47:42 I just, you know, well, we'll see if... 47:46 Yeah, I was aware. 47:50 And in fact, I have a betting pool with my friends, 47:52 and since the entire beginning, you know, 47:56 like to go all the way, and I actually, 48:00 the teams were chosen randomly, 48:01 and I got Argentina as my team, 48:05 so I'm in the running to win this giant pool 48:09 with a lot of friends, so I've... 48:14 I hope I didn't jinx it just now, but yeah, 48:16 I probably said they've come a very long way for me to win, 48:19 and I just post Malay memes to annoy in the group chat. 48:24 I just keep posting Malay, like as a cartoon character 48:27 with laser eyes or whatever. 48:30 I just keep posting whenever Argentina does well, so. 48:38 But I haven't been watching, 48:40 so that's the superstition now, I can't watch, 48:43 or I'll curse the... 48:47 Yeah, I told this joke a long time ago 48:49 to Sergio Damon Lerner on a different space, 48:52 that it's an economics joke, so it's not very funny, 48:57 but in development economics, 48:58 there are four types of economy, 49:01 developing economy, developed economy, 49:04 Japan and Argentina, those are the four types. 49:09 That's what counts as a joke in the econ department. 49:12 Okay, now, would anyone else like to... 49:16 We have, we actually, I have stuff that I could run down, 49:20 but I think we don't really have... 49:25 We don't have that many people, 49:26 so it's just like, you know, let's just open it up. 49:28 If anyone wants to come up and have a question or comment. 49:35 Some of the stuff to point out is that 49:37 in addition to all the sidechains that we had now on Signet, 49:41 we have the dry run on, we will do a new dry run 49:46 that pays out the investors in a... 49:53 Let's see, someone is trying to come up. 49:55 Who is it? 49:56 Oh, Joe. 49:59 Okay, and we'll see if the app lets him up 50:00 without blowing up the space or some other thing. 50:06 But in addition to those, we have a couple of new ones, 50:10 a couple of new sidechains, because we have new EVM, 50:14 we have Shomaris, we have Elements Plus, 50:18 which is Elements Plus, it's got OP_CAT, OP_CTV. 50:24 I don't know how many of these will totally take off, 50:29 but it's really a lot. 50:31 And then we have the second CUSF, 50:32 which I think will flip people like Nick Carter, 50:36 where it adds quantum resistant signature options, 50:40 four of them, to Bitcoin L1. 50:43 And then I hope we get OpVault. 50:44 OpVault, I always show OpVault because it's great 50:48 if you have people like burst into your house 50:53 and hold a gun to your head and try to steal all your coins. 50:57 We got to have OpVault, it's really important. 50:59 If we want to make it to this cypherpunk future, 51:02 we're really going to need more privacy 51:03 and we're going to need OpVault, 51:06 because otherwise the wrench attack is too... 51:09 So I tried to bring Joe up, but again, it didn't work. 51:12 I don't understand. 51:12 If I go in through requested, it doesn't work. 51:15 But if I go in through, maybe I'll just try 51:20 superstition things. 51:22 Oh, Joe is here, but it says listener on the screen, 51:25 but it doesn't say, oh, now it's a speaker. 51:27 God, what the hell are they doing with this crazy app? 51:30 Anyway, Joe is here and someone else is, 51:31 Franklin, I think is coming up. 51:33 Okay, we'll get Joe and Franklin for now until they... 51:37 Hello, welcome. 51:38 Hey, I just had a question. 51:40 I see this coin on Solana, did you guys launch that? 51:46 That was not launched by us, 51:47 but there is one of them that is, 51:49 but we have a scheme since they are feeding us real money 51:54 in the form of Solana and Tether. 51:58 We just treat that as a purchase at the old purchase price, 52:03 which is $30 a coin. 52:05 And so there's a pool of real ECX that has been set aside. 52:10 So anyone who owns the Solana token 52:13 has price exposure actually, 52:15 because we're going to swap the entire market cap 52:18 of the meme coin for the real pool of ECX. 52:25 So if it skyrockets in value, 52:28 then the meme coin token will also skyrocket 52:31 in value in theory. 52:33 Yeah, that's an interesting concept. 52:35 So we kind of invented... 52:37 There was also one like two hours ago too, 52:39 that I saw came out and I was like, 52:41 I wonder like, obviously this is like a primarily Bitcoin 52:45 based from the looks of it. 52:46 So it was like... 52:47 Yeah, there's only the one. 52:49 So if you go to eCash.com slash SOL dash token, 52:55 it has like some information there. 52:57 But unfortunately, of course, as you probably know, 53:00 lots of people just launch all kinds of like unaffiliated 53:05 or even impersonating. 53:09 Yeah, that's what I wanted to ask you. 53:11 So I'm not sure about anything made two hours ago, 53:16 but this is a kind of a fun thing to have around 53:21 because there's this actual market 53:22 for people buying and selling. 53:25 And so it kind of gives a window 53:27 and it usually sets the implied ECX price 53:33 at like at least like 100, $200, something like that, 53:38 which is kind of cool if it was currently selling 53:42 for like 30, 32, $36, $34. 53:46 So that makes me feel a little bit better 53:48 about like, oh, at least the people who bought 53:52 are very, very likely to do well. 53:55 But of course, there's no guarantee 53:56 that any of this makes any sense 53:59 and won't change or collapse or transform 54:02 or do anything else. 54:07 So that's that. 54:08 So yeah, Joe, did you want to say something? 54:13 Oh yeah, I did write down 54:16 some of those philosophical questions 54:18 that I thought could be interesting. 54:19 And one of them relates to what Shamari said, 54:21 but I want to let other haters and new people also talk. 54:28 So I'll just, I'll wait until there's a moment 54:32 unless this is that moment. 54:35 I mean, it could be the moment. 54:37 Who knows how many people are going to be angrily leaving it 54:40 because of the World Cup game in five minutes. 54:43 So. 54:45 Okay. 54:47 So. 54:48 Ask a philosophical question. 54:50 Okay, okay. 54:51 So this, I think somebody else might've asked this, 54:56 but I kind of elaborated on it. 54:59 But what is the, like for eCash, 55:03 what is the plan on deviating from Bitcoin? 55:08 So in terms of like people propose soft forks to eCash, 55:13 what's the policy on those? 55:18 Is it, I think you've said before. 55:21 Hard reject. 55:24 There's a game theory book about, 55:27 if you go sailing competitively, you do a race, 55:30 it's a one V one and you take the lead. 55:35 Then what the people do is they look behind 55:39 at the guy they're beating, 55:40 because it's a one V one race. 55:43 Just like Bitcoin, BTC and eCash one V one. 55:47 And they just copy whatever the sailor behind them is doing 55:49 because the wind can change. 55:51 The wind can be like random. 55:53 So you just copy their wind thing. 55:56 And since you're in first place, 55:58 maybe you both go backwards. 55:59 Maybe you both go to the left. 56:01 Maybe you both go to the right. 56:03 Maybe you both go diagonally forwards, 56:05 but you're kind of almost guaranteed to win, 56:09 you know, because you're already ahead 56:12 and you're copying their movements. 56:15 So how can they gain on you? 56:18 And that's the plan. 56:20 That's a metaphor for this situation 56:22 because we do not want to be in a situation 56:29 where they do something different from us 56:31 and they have an advantage. 56:34 We'd rather them just blow up the project 56:36 and blow up both projects. 56:40 Because we have an out, 56:41 which is just people escape under the L2s. 56:44 I mean, I think they're already like making the Bitcoin L1 56:48 and the L2s as terrible as possible almost. 56:52 It's almost as bad as it could theoretically get 56:53 without there being like a revolt. 56:57 So, I mean, because one, 57:02 I liked your tweet Vlad about bashing lightning, 57:04 about how you can look at, 57:06 okay, it's related to what Shamari was saying. 57:08 Like the EVM was invented. 57:09 EVM is used by many different people, 57:11 Avalanche, whatever, Solana, 57:16 other stupid projects that have a name. 57:19 Every project, they all do the EVM. 57:21 How many projects do BIP39? 57:25 How many projects do BIP39? 57:27 How many projects have independently invented 57:29 some kind of Ethereum name system, 57:31 ENS BitNames type of a thing, 57:33 Namecoin type of a thing? 57:35 Many of them. 57:36 How many of them use HD wallets? 57:38 Many of them, of course, with BIP39. 57:41 How many of them use block explorers? 57:45 Many of them. 57:46 So, you got even stuff like Zcash 57:50 as a block explorer or whatever. 57:53 So, it's, but then lightning is invented for BTC 57:59 and how many other people are copying lightning? 58:01 This is literally like zero because it's terrible. 58:07 And, but we haven't built a cult. 58:11 We've built a cult. 58:11 So, the Bitcoin L2 situation is terrible 58:16 and the Bitcoin L1 situation is also terrible. 58:19 It kind of, everyone knows. 58:20 Everyone knows that it is, 58:21 but they don't want to say it out loud. 58:24 Or they say, it's good that it's so terrible 58:26 because this proves that, 58:29 it's good that it's so terrible 58:31 because this proves that it will never become worse 58:35 than this and it proves how static it is. 58:39 So, that's something that people say. 58:44 So, it's already very bad. 58:46 So, why not just tie? 58:49 And yeah, if a soft fork is added to BTC, 58:52 we add it automatically. 58:55 Cause then it's also less, it's less effort to maintain. 58:58 You just click merge, merge, merge, merge, merge, merge 59:00 with your, you just click the merge button 59:03 and you don't have to think about explaining it 59:05 or justifying it to all these other people. 59:07 Any deviation you have to explain or justify. 59:10 So, we want to minimize that. 59:14 Now, I think we could do more Q-sifs. 59:17 That's the thing is there's the second, 59:20 there's now a second Q-sif 59:23 in which Hunter Beast among other people, 59:26 they added quantum resistant signatures, 59:30 four of them, some lattice, some hash based. 59:35 And this, and we'll add our vault. 59:40 So, I think that could be fine. 59:42 A second Q-sif and maybe even a third Q-sif. 59:48 And we want to pass no judgment on how good Core is, 59:55 actually, even though I'm convinced it's terrible. 59:58 But, cause we want to just say, listen, 59:59 we just tie with them. 1:00:00 We tie with them, warts and all. 1:00:05 Right, does that make sense? 1:00:06 So, it's just like, so why would we change anything? 1:00:10 I don't even want to, 1:00:12 the way we have it set up right now, 1:00:13 the eCash L1, we don't even rename it eCash 1:00:17 in the software because that would break 1:00:19 all these different unit tests and stuff. 1:00:20 It'd be this big code diff. 1:00:22 We just keep it, it's just Bitcoin Core. 1:00:23 We just end it at the title, at the top. 1:00:26 We rename it, we change the readme. 1:00:29 But, yeah, Joe, feel free to chime in. 1:00:32 You raised a hand, but there's only a few people speaking. 1:00:35 So. 1:00:39 Yeah, so, okay, so, since there's a World Cup game on, 1:00:45 the soccer analogy is, if we're ahead by one, 1:00:48 we want to reduce the volatility of the game. 1:00:51 We just want to keep our lead and that's it. 1:00:53 But, yeah, how it relates to CUSF is interesting to me. 1:00:57 And why do you make an exception for that? 1:00:59 Why is that safe? 1:01:00 Are there limits to CUSF in this regard? 1:01:05 Well, there's many reasons. 1:01:07 One is you can just shut off the new CUSF completely. 1:01:10 If it ends up being a total disaster, 1:01:12 you can just shut it off. 1:01:13 And then it'll be like, it was never there. 1:01:16 Another thing is, you can just shut off the old CUSF 1:01:21 Another thing is, you want to really consider the, 1:01:27 like the code diff and the number of lines changed 1:01:31 and how easy things are to maintain. 1:01:33 Maintaining is really, really hard. 1:01:35 And each, it's all about justifying the differences. 1:01:40 So if you have, if you edit the code, 1:01:42 a single line of code could be like, you know, 1:01:45 one different line of code 1:01:46 could either cause the software to crash 1:01:49 or cause it to like dial out to the, 1:01:53 and cause it to like, basically like, 1:01:55 look up the user's private keys 1:01:58 and like email them to an attacker or something. 1:02:00 So changing the lines of code is basically unacceptable. 1:02:08 But doing the CUSF is like, fine, 1:02:11 because you can't even, 1:02:13 you don't even know how much software people 1:02:14 are running on top. 1:02:16 So the CUSF is kind of like a very modular, 1:02:19 very reversible. 1:02:20 I know the soft fork is already pretty modular 1:02:22 and reversible, but this is even better 1:02:24 because it just puts it all in a different piece of software. 1:02:27 And so it takes something that's a non-starter 1:02:30 and goes there from something where you don't even, 1:02:33 you don't even know if it's happening or not. 1:02:37 So I think that it's a night and day difference. 1:02:40 And especially if we have two CUSFs, 1:02:43 we can always have one that's like, 1:02:45 we have 303 or one that's kind of finished. 1:02:47 It's like an ultra conservative one. 1:02:50 And then we could add another one that's like more liberal. 1:02:54 We could say, put all the weird stuff in there 1:02:57 or that one could harden 1:02:58 and we could just have a whole stack of them. 1:03:00 So maybe one day there'll be like 15 of these. 1:03:04 And that's better. 1:03:05 And then a Bitcoin Core disagrees. 1:03:07 If BTC changes someday, it's incompatible with the CUSF. 1:03:11 As long as we're still behind, 1:03:13 you know, we have a smaller market cap and whatever else. 1:03:17 As long as we're still behind, 1:03:19 you just like hard fork the CUSFs basically. 1:03:21 You just like redo them all 1:03:24 with like different headers or different, 1:03:29 you know, op-nop numeral. 1:03:31 You can kind of like move them around 1:03:33 so that they're almost exactly the same. 1:03:36 And that on the date that the Bitcoin hard fork happens, 1:03:39 the Bitcoin soft fork happens, I mean. 1:03:42 eCash soft fork happens 1:03:43 and then all the other stuff gets like transposed. 1:03:48 Yeah. 1:03:58 You mentioned hard forks there too. 1:04:01 So yeah, like that's another thing 1:04:04 that's kind of interesting here. 1:04:05 Like you're, you know, 1:04:06 this whole thing is starting with the hard fork, 1:04:09 but you know, I know you're more favorable 1:04:11 towards soft forks 1:04:14 and you have the safe way of doing it with CUSF. 1:04:17 But yeah, does your, 1:04:18 has your stance changed on hard forks? 1:04:21 How do you see how they fit in to competition development? 1:04:28 You know, isn't it like somebody reading your blog posts 1:04:30 from years ago might think that 1:04:32 you would never do a hard fork 1:04:33 because you oppose them, you know, vigorously. 1:04:37 So yeah, any thoughts on that?
