Episode notes
Ethereum Classic veteran Bob Summerwill retells the DAO hack from inside the Foundation, explains why forks are features, and shares advice for Paul Sztorc's ecash launch, plus FIFA stories and lost ETH.
Time stamps:
00:47 - Welcome to S17 E42: Fork Season Begins
01:26 - Bob Summerwill & the DAO Hack Origin Story
03:11 - Slock.it, Smart Locks & the First DAO
07:03 - Child DAOs and the "Risk-Free" Pitch
10:04 - Bob's Reservations: Legal Liability & Randos Voting With Money
13:27 - The Reentrancy Bug: 14% of the Supply Drained
16:14 - Code Is Law vs. Bailout: The Great Schism
19:42 - Hoskinson's "Two Ethereums From the Start"
26:25 - "Can You Guys Please Stop Trading?"
26:44 - The Irregular State Transition (It Was Not a Rollback)
30:10 - The Hacker Threatens Legal Action
34:08 - The Vote & Activation Day
37:22 - Ethereum Classic: The First Minority Chain to Survive
41:34 - Forking Is Part of Nakamoto Consensus
42:19 - Sal, Donald McIntyre & the Cypherpunks of ETC
43:22 - Barry Silbert, Grayscale & the ETC Cooperative
46:26 - The Weird Roommate Theory of Forks
50:00 - Why Ethereum Classic Didn't Win
56:17 - Bitcoin Cash, Dormant Coins & Grassroots Adoption
57:35 - Vlad's "Many Bitcoins" Theory & the Accidental 21 Million
01:00:13 - Voluntary Consensus & the Little Dictators
01:04:37 - The Blake Fork (BIP 110) & the Node Democracy LARP
01:07:01 - Paul Sztorc's Ecash: The Maximalist Hard Fork
01:09:47 - BitVM, Rollups & Bitcoin's Missing Layer Twos
01:13:17 - Connection Trouble & the Speed of Light
01:14:03 - Sponsors: SideShift, Ecash, Orange Rock, Braiins, Cake Wallet
01:18:18 - Giveaway Reveal: The Number Is 96
01:19:28 - Why the Best Technology Doesn't Win
01:22:50 - Tether on Tron: The Joke That Worked
01:26:07 - Tron's Plagiarized Whitepaper & the Web 4 Roadmap
01:29:04 - NEO, EOS, NEM & the $4 Billion ICO
01:33:41 - Ultrasound Money & the EIP-1559 Burn
01:37:18 - The Prague Photographer's Lament
01:40:08 - Bob's Origin Story: Gold Bugs & the Alex Jones Phase
01:44:53 - El Salvador's Quiet Bitcoin Regression
01:48:07 - Meeting Bitcoin in a Pub (February 2014)
01:54:44 - Bitcoin 2.0: BitShares, Counterparty, Mastercoin, NXT
01:57:48 - Toronto, TD Securities & Joining the Ethereum Foundation
02:02:06 - Michael Ruppert's Collapse & Choosing to Build
02:06:24 - Self-Driving Cars & Assassination Markets
02:10:02 - Does Ecash Feel Like Early Ethereum?
02:13:53 - Will Bitcoin Ever Fork Again?
02:19:24 - WBTC: Ethereum Is Bitcoin's Biggest Sidechain
02:21:48 - The Self-Custody Industrial Complex
02:23:52 - Zcash, Monero & Tachyon
02:27:38 - "Everything Is an Experiment"
02:30:46 - The Block Size Wars Counterfactual
02:35:52 - Ethereum PoW: Anatomy of a Cash Grab
02:41:26 - ETC Labs, DFG & the Sabotage of ETC Dev
02:45:27 - Could ETC Have Flipped ETH?
02:49:07 - Bob's Advice for Paul Sztorc
02:55:50 - The EA Years: Psygnosis, Wipeout & Harry Potter
03:01:56 - "None of Us Play FIFA": Confronting the Chairman
03:12:22 - Fixing FIFA: The Seven-Year Turnaround
03:21:02 - FIFA Nostalgia & Vlad's Prodigy Brother
03:24:12 - The Notorious Wii U Tweet
03:26:37 - Professional Chaos Agent? Proof of Work Summit Stories
03:32:24 - Charlie Shrem's Time Zone & Nick Spanos Ghosting
03:35:51 - Advice to 2015 Bob: The Lost ETH Fortune
03:38:00 - Remembering Donald McIntyre
03:41:06 - The Nick Szabo Interview That Almost Happened
03:43:38 - Vitalik, Autism & Genius
03:47:08 - Early Days of Ethereum & the Ethereum Time Machine
03:58:36 - "You Got to Try" & Where to Follow Bob
03:59:22 - Outro & Sponsors
Time stamps:
00:47 - Welcome to S17 E42: Fork Season Begins
01:26 - Bob Summerwill & the DAO Hack Origin Story
03:11 - Slock.it, Smart Locks & the First DAO
07:03 - Child DAOs and the "Risk-Free" Pitch
10:04 - Bob's Reservations: Legal Liability & Randos Voting With Money
13:27 - The Reentrancy Bug: 14% of the Supply Drained
16:14 - Code Is Law vs. Bailout: The Great Schism
19:42 - Hoskinson's "Two Ethereums From the Start"
26:25 - "Can You Guys Please Stop Trading?"
26:44 - The Irregular State Transition (It Was Not a Rollback)
30:10 - The Hacker Threatens Legal Action
34:08 - The Vote & Activation Day
37:22 - Ethereum Classic: The First Minority Chain to Survive
41:34 - Forking Is Part of Nakamoto Consensus
42:19 - Sal, Donald McIntyre & the Cypherpunks of ETC
43:22 - Barry Silbert, Grayscale & the ETC Cooperative
46:26 - The Weird Roommate Theory of Forks
50:00 - Why Ethereum Classic Didn't Win
56:17 - Bitcoin Cash, Dormant Coins & Grassroots Adoption
57:35 - Vlad's "Many Bitcoins" Theory & the Accidental 21 Million
01:00:13 - Voluntary Consensus & the Little Dictators
01:04:37 - The Blake Fork (BIP 110) & the Node Democracy LARP
01:07:01 - Paul Sztorc's Ecash: The Maximalist Hard Fork
01:09:47 - BitVM, Rollups & Bitcoin's Missing Layer Twos
01:13:17 - Connection Trouble & the Speed of Light
01:14:03 - Sponsors: SideShift, Ecash, Orange Rock, Braiins, Cake Wallet
01:18:18 - Giveaway Reveal: The Number Is 96
01:19:28 - Why the Best Technology Doesn't Win
01:22:50 - Tether on Tron: The Joke That Worked
01:26:07 - Tron's Plagiarized Whitepaper & the Web 4 Roadmap
01:29:04 - NEO, EOS, NEM & the $4 Billion ICO
01:33:41 - Ultrasound Money & the EIP-1559 Burn
01:37:18 - The Prague Photographer's Lament
01:40:08 - Bob's Origin Story: Gold Bugs & the Alex Jones Phase
01:44:53 - El Salvador's Quiet Bitcoin Regression
01:48:07 - Meeting Bitcoin in a Pub (February 2014)
01:54:44 - Bitcoin 2.0: BitShares, Counterparty, Mastercoin, NXT
01:57:48 - Toronto, TD Securities & Joining the Ethereum Foundation
02:02:06 - Michael Ruppert's Collapse & Choosing to Build
02:06:24 - Self-Driving Cars & Assassination Markets
02:10:02 - Does Ecash Feel Like Early Ethereum?
02:13:53 - Will Bitcoin Ever Fork Again?
02:19:24 - WBTC: Ethereum Is Bitcoin's Biggest Sidechain
02:21:48 - The Self-Custody Industrial Complex
02:23:52 - Zcash, Monero & Tachyon
02:27:38 - "Everything Is an Experiment"
02:30:46 - The Block Size Wars Counterfactual
02:35:52 - Ethereum PoW: Anatomy of a Cash Grab
02:41:26 - ETC Labs, DFG & the Sabotage of ETC Dev
02:45:27 - Could ETC Have Flipped ETH?
02:49:07 - Bob's Advice for Paul Sztorc
02:55:50 - The EA Years: Psygnosis, Wipeout & Harry Potter
03:01:56 - "None of Us Play FIFA": Confronting the Chairman
03:12:22 - Fixing FIFA: The Seven-Year Turnaround
03:21:02 - FIFA Nostalgia & Vlad's Prodigy Brother
03:24:12 - The Notorious Wii U Tweet
03:26:37 - Professional Chaos Agent? Proof of Work Summit Stories
03:32:24 - Charlie Shrem's Time Zone & Nick Spanos Ghosting
03:35:51 - Advice to 2015 Bob: The Lost ETH Fortune
03:38:00 - Remembering Donald McIntyre
03:41:06 - The Nick Szabo Interview That Almost Happened
03:43:38 - Vitalik, Autism & Genius
03:47:08 - Early Days of Ethereum & the Ethereum Time Machine
03:58:36 - "You Got to Try" & Where to Follow Bob
03:59:22 - Outro & Sponsors
