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.