Bitcoin Takeover Podcast
BTC Takeover
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S17 E42
Bob Summerwill on Ethereum Classic & Bitcoin's Fork Season
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00:00 Intro
01:22 Welcome to S17 E42: Fork Season Begins
02:26 Bob Summerwill & the DAO Hack Origin Story
04:11 Slock.it, Smart Locks & the First DAO
08:03 Child DAOs and the “Risk-Free” Pitch
11:04 Bob’s Reservations: Legal Liability & Randos Voting With Money
14:27 The Reentrancy Bug: 14% of the Supply Drained
17:14 Code Is Law vs. Bailout: The Great Schism
20:42 Hoskinson’s “Two Ethereums From the Start”
26:25 “Can You Guys Please Stop Trading?”
27:44 The Irregular State Transition (It Was Not a Rollback)
31:10 The Hacker Threatens Legal Action
35:08 The Vote & Activation Day
38:22 Ethereum Classic: The First Minority Chain to Survive
42:34 Forking Is Part of Nakamoto Consensus
43:19 Sal, Donald McIntyre & the Cypherpunks of ETC
44:22 Barry Silbert, Grayscale & the ETC Cooperative
47:26 The Weird Roommate Theory of Forks
51:00 Why Ethereum Classic Didn’t Win
56:27 Bitcoin Cash, Dormant Coins & Grassroots Adoption
57:45 Vlad’s “Many Bitcoins” Theory & the Accidental 21 Million
1:01:13 Voluntary Consensus & the Little Dictators
1:05:37 The Blake Fork (BIP 110) & the Node Democracy LARP
1:08:01 Paul Sztorc’s Ecash: The Maximalist Hard Fork
1:10:47 BitVM, Rollups & Bitcoin’s Missing Layer Twos
1:14:17 Connection Trouble & the Speed of Light
1:15:03 Sponsors: SideShift, Ecash, Orange Rock, Braiins, Cake Wallet
1:19:18 Giveaway Reveal: The Number Is 96
1:20:28 Why the Best Technology Doesn’t Win
1:23:50 Tether on Tron: The Joke That Worked
1:27:07 Tron’s Plagiarized Whitepaper & the Web 4 Roadmap
1:30:04 NEO, EOS, NEM & the $4 Billion ICO
1:34:41 Ultrasound Money & the EIP-1559 Burn
1:38:18 The Prague Photographer’s Lament
1:41:08 Bob’s Origin Story: Gold Bugs & the Alex Jones Phase
1:45:53 El Salvador’s Quiet Bitcoin Regression
1:49:07 Meeting Bitcoin in a Pub (February 2014)
1:55:44 Bitcoin 2.0: BitShares, Counterparty, Mastercoin, NXT
1:58:48 Toronto, TD Securities & Joining the Ethereum Foundation
2:03:06 Michael Ruppert’s Collapse & Choosing to Build
2:07:24 Self-Driving Cars & Assassination Markets
2:11:02 Does Ecash Feel Like Early Ethereum?
2:14:53 Will Bitcoin Ever Fork Again?
2:20:24 WBTC: Ethereum Is Bitcoin’s Biggest Sidechain
2:22:48 The Self-Custody Industrial Complex
2:24:52 Zcash, Monero & Tachyon
2:28:38 “Everything Is an Experiment”
2:31:46 The Block Size Wars Counterfactual
2:36:52 Ethereum PoW: Anatomy of a Cash Grab
2:42:26 ETC Labs, DFG & the Sabotage of ETC Dev
2:46:27 Could ETC Have Flipped ETH?
2:50:07 Bob’s Advice for Paul Sztorc
2:56:50 The EA Years: Psygnosis, Wipeout & Harry Potter
3:02:56 “None of Us Play FIFA”: Confronting the Chairman
3:13:22 Fixing FIFA: The Seven-Year Turnaround
3:22:02 FIFA Nostalgia & Vlad’s Prodigy Brother
3:25:12 The Notorious Wii U Tweet
3:27:37 Professional Chaos Agent? Proof of Work Summit Stories
3:33:24 Charlie Shrem’s Time Zone & Nick Spanos Ghosting
3:36:51 Advice to 2015 Bob: The Lost ETH Fortune
3:39:00 Remembering Donald McIntyre
3:42:06 The Nick Szabo Interview That Almost Happened
3:44:38 Vitalik, Autism & Genius
3:48:08 Early Days of Ethereum & the Ethereum Time Machine
3:59:36 “You Got to Try” & Where to Follow Bob
4:00:22 Outro & Sponsors
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