It has been a while since I wrote my last article. I didn’t feel inspired and thanks to 280 chars on Twitter now (compared to 140 when I started with articles) I can pretty much get my message across in tweetstorms.
This is not one of my regular articles, it’s not related to Bitcoin at all but something quite personal. If you don’t want to read that, feel free to close this article.

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I’ve been called many things over the past couple of years on Twitter. I don’t mind, I get it: I’m telling something about your financial investment which you often don’t want to hear. I went from interacting with the comments to muting to blocking. It’s annoying when you see someone else react to a muted person, blocking is easier and then I don’t waste my time reading things I don’t want to read. …


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As most of you know last week the Satoshi Roundtable took place. This is not a secret meeting of any sorts, it is however a private invite-only conference. There is a lot confusion about what this exactly means. I know that in the Bitcoin community there is a large conspiracy theory crowd and sadly I’ve seen people compare it to the NYA. This makes no sense, no decisions are being made at the Roundtable. It is more about bringing like-minded people together, discuss topics freely and network. …


I know it’s early for a “final thoughts” post but considering that I’m travelling the next week I wanted to do this now. This was initially a tweet storm that got a bit too long so I decided to write it down in a short article.

I do expect some things to still change between the time that this article is posted and the actual fork date. I expect some more companies to back out, Bitso for example realized that there is no community behind 2X and that it’s not an “upgrade” but rather a split.

1) Financial incentives.

Core devs own Bitcoin and most are working for free on this great open source project. Which means that their financial incentive is doing what’s best for Bitcoin in the long run.
The CEO’s of the NYA companies all pivoted away from Bitcoin. Jihan created and supports BCash, Roger Ver claims that BCash is Bitcoin,… Brian from Coinbase has claimed multiple times that he thinks that Ethereum is superior to Bitcoin. Jeff Garzik launched his own ICO to solve “developer drama and forks”, Bitcoin problems that he himself created.
None of them want to put their money where their mouth is. …


The day before yesterday while checking Twitter in bed like any normal person in crypto, I read the following tweet from Zooko:

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I disagree with that statement, sadly they do. I was already thinking about writing something about this, so thanks Zooko for giving me the motivation and inspiration.
The next morning when I woke up, I saw that Vitalik replied to Zooko and for the 2nd time I agreed with Vitalik (first time being: calling Craig Wright a fraud).

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What exactly is trolling?

Ask 10 people and you’ll get 10 different answers so it might be best to just go with the urban dictionary definitions. …


Bitcoin has Segwit now! Woohoo! Whether you believe this is thanks to UASF (it is) or because of some closed, backdoor meeting with 12 participants (which ended up with 50 who subsequently signed after being led to assume there was wider support) doesn’t really matter now, we have Segwit, awesome!

After a slow start we’ve seen a steady increase in Segwit transactions with Bitstamp and BitGo switching to Segwit addresses last week. (with BitGo already having more than 13% Segwit transactions in last 24 hours)We now have ~3.5% Segwit Transactions after 3.5 weeks of activation.

Some users were disappointed by this rate of adoption since a lot of companies indicated they were Segwit ready on the website yet haven’t implemented it. This could partially be explained by the extra work the engineers had to do because of the BCash fork. …


I’m keeping this short and gif-free (sorry), to not dilute the message.

September 2013:

Amir Taaki’s “The Libbitcoin Manifesto” was published. It is interesting and very relevant:

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May-July 2017:

After a year of blocking Segwit for no technical reason, spreading lies/fud and all kinds of other attacks on Bitcoin… After BitcoinXT, Bitcoin Classic, Bitcoin Unlimited, BCoin, Bitcoin ABC, Bitcoin Parity… and God knows what other takeover attempts I’m missing… Bitcoin Segwit2x was born.

Segwit2x was created behind closed doors without any real Bitcoin devs, with a closed mailing list and a closed slack by a couple of companies to try to “scale Bitcoin and meet the demand of the users”. …


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I was wrong about Ethereum because it’s such a good store of value… no wait, let me try again.

I was wrong about Ethereum because it’s such a decentra… nope.
I was wrong about Ethereum because everyone is using it as a supercomputer… No.

I do admit I didn’t see this Ethereum bubble coming

But, then again I wrongly assumed that no startup would need or even dare to ask $50 million in funding. I also wrongly assumed that people would use common sense and that leading developers would speak out against this sort of practice. Quite the opposite it seems.

Ethereum’s sole use case at the moment is ICOs and token creation.

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What’s driving the Ethereum price?

Greed.
Greed from speculators, investors and developers.

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Can you blame them?

Speculators and investors: No.
Developers: Absolutely.

So let’s think for a minute and think what determines the price? Supply + demand. …


This was my first conference, in fact I have never even been to a Bitcoin meetup before Consensus 2017. A lot of people contacted me, asking if I was going, so I decided to finally risk getting doxed and just go. No regrets.

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I was a bit paranoid though, so I just took a burner phone (if my live streams had shitty quality, sorry, it was a cheap phone) with me with no 2FA on, just Telegram, Slack and Twitter basically. That way I could find the other trolls at the conference and live tweet some interesting stuff. …


(I hope some people get the reference to which the title refers to)

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Rumors started a few months ago: Craig Steven Wright (CSW) was planning a comeback. The rumors became louder and started coming from multiple sources after the Satoshi Roundtable of this year.

Then the 12th of April came the news: nChain was acquired by High Tech Private Equity Fund SICAV plc

A company built around the research of Craig Wright, who has claimed to have invented the bitcoin cryptocurrency, has been sold to a private equity firm in a deal the company says is the biggest to date involving bitcoin’s underlying blockchain technology. …


*edit* I changed the title from Verified to Time stamped, what I obviously meant was that the timestamp of back in December 2016 was verified. *edit*

I won’t write a full article, will just let the chatlogs speak for itself.

The following Bitcoin blockchain time stamped chatlog is between Chinese miners and a Litecoin developer discussing activating Segwit on Litecoin.

These are chatlogs from November/December 2016, we know that now they are signaling Segwit on Litecoin but for some reason still oppose it on Bitcoin.

Participants:

  • Jihan: Antpool (LTC+BTC mining pool) + Bitmain (mining equipment for LTC and BTC)
  • Jiang: LTC.top, LTC1BTC and BTC.top (LTC + BTC mining pools)
  • Xinxi: LTC developer

Edit2:

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About

WhalePanda

Crypto OG. Talks about Bitcoin and sometimes other cryptocurrencies.

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