eCash Blog
Technical writing on the eCash hardfork, drivechains, mining, governance, and Bitcoin's path forward.
A condensed two-page overview of the full Democracy's Missing Pieces series, distilling the core arguments on Bitcoin governance and the case for eCash.
Read post →A post-mortem on Blockstream's strategic decisions and why the Lightning Network approach failed to deliver Bitcoin's original scaling promise.
The concluding installment: implications of democratic governance failures for decentralized systems, and what Bitcoin must do differently.
Parts 7 and 8 dig into median voter theory and Bitcoin's structural inability to make good governance decisions under adversarial conditions.
Parts 5 and 6 examine how Bitcoin's governance structure systematically produces bad outcomes, and why design — not culture — is the root cause.
Parts 3 and 4 apply historical precedents for democratic governance failures to Bitcoin's current development stagnation.
An introduction to the series: how democracy's missing pieces explain Bitcoin's inability to scale, and why eCash charts a different course.
A taxonomy of the most persistent and damaging intellectual derangements within the Bitcoin community — the ideas that have held the network back for a decade.
Introducing EDAC (Expected-Demand-Adjusted Cost) mining pools: a framework for ideal mining that aligns miner incentives with long-run network health.
A critical examination of widely-accepted mining narratives — debunking the myths and exposing the economic distortions they create for the Bitcoin ecosystem.
Why BSV's unlimited blocksize approach creates an unsolvable data availability problem — and what this means for honest blockchain scalability.
How Bitcoin's codebase and culture have become ossified by precedent — preventing necessary upgrades and creating a path dependency that favors the status quo.