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      "permlink": "steemitboard-notify-torib-20191020t215111000z",
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      "body": "Congratulations @torib! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@torib/birthday2.png</td><td>Happy Birthday! - You are on the Steem blockchain for 2 years!</td></tr></table>\n\n<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@torib) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=torib)_</sub>\n\n\n**Do not miss the last post from @steemitboard:**\n<table><tr><td><a href=\"https://steemit.com/steemfest/@steemitboard/steemfest-commemorative-badge-refactored\"><img src=\"https://steemitimages.com/64x128/https://files.steempeak.com/file/steempeak/arcange/YqQV5Tbj-image.png\"></a></td><td><a href=\"https://steemit.com/steemfest/@steemitboard/steemfest-commemorative-badge-refactored\">SteemFest⁴  commemorative badge refactored</a></td></tr></table>\n\n###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!",
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      "body": "Congratulations @torib! You have received a personal award!\n\n[![](https://steemitimages.com/70x70/http://steemitboard.com/@torib/birthday1.png)](http://steemitboard.com/@torib)  1 Year on Steemit\n<sub>_Click on the badge to view your Board of Honor._</sub>\n\n\n**Do not miss the last post from @steemitboard:**\n<table><tr><td><a href=\"https://steemit.com/steemitboard/@steemitboard/steemitboard-ranking-update-resteem-and-resteemed-added\"><img src=\"https://steemitimages.com/64x128/https://cdn.steemitimages.com/DQmfRVpHQhLDhnjDtqck8GPv9NPvNKPfMsDaAFDE1D9Er2Z/header_ranking.png\"></a></td><td><a href=\"https://steemit.com/steemitboard/@steemitboard/steemitboard-ranking-update-resteem-and-resteemed-added\">SteemitBoard Ranking update - Resteem and Resteemed added</a></td></tr></table>\n\n> Support [SteemitBoard's project](https://steemit.com/@steemitboard)! **[Vote for its witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1)** and **get one more award**!",
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      "body": "Terrific new series! Thanks for keeping us apprised of the latest developments in crypto politically. Very important work :)",
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      "title": "United States of Crypto",
      "body": "*United States of Crypto is a weekly series on US state level rules and regulations relating to blockchain and cryptocurrencies.*\n\n![uscrypto.jpg](https://steemitimages.com/DQmdP66m1VqcDr8rbWFCk5Nx5J2uv9PEiSHzvtQjGreyMCg/uscrypto.jpg)\n\n**Colorado SB68**\nThe Bill: Senate Bill 18–086 titled “Cyber Coding Cryptology for State Records,” is a bipartisan bill introduced in the Colorado Senate this week. The bill requires some specific state agencies examine state cyber security weaknesses and assess the cost of implementing “distributed ledger technology such as blockchain.” The bill specifically suggests using blockchain for business licensing, preserving the integrity and security of state data, and encourages the university system to adopt blockchain curriculum.\n\nDeep Dive: The bill was amended to, among other things, ensure that no county or municipal government could levy a tax or fee to use blockchain and that the state couldn’t require someone to have a permit to use blockchain technology. This was adopted unanimously. The final bill was referred to Appropriations with 2 no votes, Republican Senators Smallwood and Neville.\n\nTake Away: Concerns about the security of personal information in state record systems is a major issue in legislative bodies across the country. Republican legislators, especially, are concerned with state data about individual citizens falling into the hands of federal regulators. I’ll be keeping an eye on how this bill performs in committee as it was just assigned from the committee on Business, Labor & Technology to Appropriations with a fiscal note estimating the cost to be $250,000. This means the Appropriations committee will need to find a way to fit a quarter million dollars in to explore blockchain technology.\n\nSee the bill here: http://leg.colorado.gov/bills/sb18-086\n\n**Securities in South Carolina**\nEnforcement: The South Carolina Attorney General filed a cease and desist order to against Genesis Mining and Swiss Gold Global, two cloud mining enterprises. The companies were offering “mining contracts,” which would essentially let individuals buy-in to a piece of the mining profits. AG Alan Wilson has ordered the companies to cease operations in South Carolina, on the grounds that mining contracts are a security. He has also barred both companies from ever offering securities in South Carolina again.\n\nTake Away: The AG’s office said that it had been monitoring cryptocurrencies for several years. South Carolina is not the only state to have gone after crypto companies in recent weeks. Texas and New Jersey have also served cease and desists to separate cryptocurrency related companies. This tells us that states are starting to pay attention to possible abuses in the crypto industry and that blockchain companies would do well to 1. Pay attention to the innovation environment in their state and 2. Start communicating with local politicians early. I’ve found that “all politics is local,” is truer than you might imagine and state politicians are especially sensitive to constituent issues.\n\nSee: https://cointelegraph.com/news/south-carolina-wants-to-ban-genesis-mining-over-unregistered-securities\nhttps://www.postandcourier.com/business/south-carolina-cracks-down-on-cryptocurrency-mining-investment-scheme/article_714e9e24-287a-11e8-b553-638ea33cc9c5.html\n\n**Wyoming HB70**\nThe Bills: The State of Wyoming took decisive steps last week to become a welcoming haven for cryptocurrency and blockchain companies. The Wyoming legislature passed 5 bills related to blockchain in an effort to lure businesses to the state. The most exciting of the bills, HB70 defines utility tokens as an entirely new class of assets, different from securities or commodities. This is particularly interesting as larger national and international governments have attempted to define cryptocurrencies as existing asset classes but have generally failed to agree on which is correct. Wyoming, however, defines utility tokens as property which is typically governed by state law.\n\nDeep Dive: Four other bills signed in Wyoming also directly aim to incentivise new cryptocurrency and blockchain businesses. HB19 exempts cryptocurrencies from Wyoming’s money transmitter laws. This was in direct response to Coinbase and two other exchanges ceasing operations in Wyoming after the original money transmitter laws were passed. HB101 allows Wyoming businesses to use blockchain to store records and manage shareholders. HB126 doesn’t specifically reference token sales but would likely limit liability for companies wishing to develop decentralized governance protocols or distribute tokens. SF111 creates a property tax exemption for cryptocurrencies. All five bills have been signed into law by the governor.\n\nSee: https://www.ethnews.com/wyoming-legislature-goes-all-in-on-blockchain-cryptocurrency-bills\nhttps://www.forbes.com/sites/rachelwolfson/2018/03/13/u-s-state-of-wyoming-defines-cryptocurrency-utility-tokens-as-new-asset-class/2/#471f0edc6d45\nhttp://legisweb.state.wy.us/2018/billreference/BillReference.aspx?type=ALL\n\n**Arizona HB2601, 2602, 2603**\nThe Bills: Three bills in Arizona all introduced by Republican State Rep. Jeff Weninger are moving to make it easier on blockchain companies. HB2601 changes Arizona’s securities laws relating to virtual coin offerings, and creates exemptions for intrastate crowdfunding. HB2602 would prohibit any city, town or county for making rules against individuals running nodes on a blockchain. HB2603 preemptively allows companies to use blockchain for financial recording.\n\nDeep Dive: By my reading of the HB2601, it seems to state that “virtual coins,” presumably cryptocurrencies themselves are not necessarily securities. Virtual coin offerings, however, might be if they have been marketed and do not have utility within 90 days. Essentially, it makes the distinction between security tokens and utility tokens. HB2601 was reported do pass from the senate committee on finance on 3/14 and will need to pass rules committee, pass a third read on the senate floor and receive the governor’s signature.\n\nHB2602 doesn’t seem to prohibit the state legislature from making rules regarding running blockchain nodes, but prohibits local governments from doing so by labeling running a blockchain node a, “statewide concern.” On 3/15 this bill was voted do pass from the senate committee of the whole, which means it must still pass a vote of the full senate and be signed by the governor. The bill is not yet on the third read calendar.\n\nHB2603 has passed the house, and is waiting to pass third read on the senate floor and the governor’s signature.\n\nTake Away: Interestingly, in Arizona the partisan leaning of the issue is different than in Colorado. 8 House Democrats and one Senate Democrat voted no on HB2601. I imagine the argument has to do with local control and consumer protection, but that it’s largely a vote against a Republican Rep’s bill.\n\nSee: https://www.coindesk.com/arizonas-blockchain-node-rights-law-nearing-passage/\nhttps://www.ethnews.com/arizona-bill-aims-to-prevent-regulation-of-blockchain-nodes\nhttps://www.azleg.gov/press/house/53LEG/2R/180206WENINGERBLOCKCHAIN2.pdf\nhttp://arizonasonoranewsservice.com/arizona-to-regulate-cryptocurrency-offerings-crowdfunding-and-blockchains/",
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      "body": "For future viewers: price of bitcoin at the moment of posting is 9090.10USD",
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      "body": "**Coins mentioned in post:**\n\nCoin | | Price (USD) | 📉 24h | 📉 7d\n- | - | - | - | -\n**BTC** | Bitcoin | 9142.760$ | _0.24%_ | _-15.76%_\n**DNA** | EncrypGen | 0.287$ | _-5.68%_ | _-7.26%_\n**DRGN** | Dragonchain | 1.043$ | _-3.04%_ | _-27.94%_\n**ETH** | Ethereum | 686.671$ | _-1.02%_ | _-16.32%_\n**XLM** | Stellar | 0.286$ | _-1.91%_ | _-16.63%_",
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      "author": "torib",
      "permlink": "the-two-dialects-of-blockchain",
      "title": "The Two Dialects of Blockchain",
      "body": "**A functional guide for discussing and evaluating blockchains**\n\n![blockchain.jpg](https://steemitimages.com/DQmUYeVyo6fsFWoaSyinvGYTKVQGuAhEfsXiVDRBe3oC5s8/blockchain.jpg)\n\nPart of why the discussion around emerging blockchain companies is so fraught with conflict is that the definition of “blockchain” and the ideas behind it are still somewhat murky. This realization came after hours of arguing with my team about whether or not certain projects could claim to be “a blockchain,” or if that title was misleading or dishonest. Over the course of that discussion it became clear that we were not all talking about the same thing. The engineers in the group saw blockchain as strictly a data structure, and not all of the things that blockchain enables. The well-versed but non-technical members of the team insisted that the technology doesn’t exist in a vacuum and we can’t remove the expected, if not altogether technically necessary implications. This conversation makes it clear that we don’t have a common language we can use when talking about new blockchain projects. In this post I try to get at the nuance that so many definitions miss. *The following is a proposed framework for a critical discussion on new blockchains or blockchain projects. Through this critical lens we can differentiate between the two meanings we ascribe to blockchain, and evaluate the qualities of each.*\n\n**The Gene**\n\nThe Bitcoin white paper first describes a “chain of blocks,” and how that data is strung together, but it also describes the method by which that data is received, verified and written. Since then those two separate components have been conflated and the word blockchain used to describe both. This practice is similar to the way we use the word “gene.” Gene refers to our genetic makeup, the DNA coding that determines our traits. However, we also use “genes” colloquially to describe those traits and how we came to possess them. Likewise, “blockchain” describes both the data structure like the DNA, as well as the network that leads to the data being written like the genes. *I propose that we reserve the question of “blockchain or not,” for the data structure and break down the components of the “blockchain network,” individually.*\n\n![cool-dna.jpg](https://steemitimages.com/DQmexFBJfQCtv5XtucYasH15NB782AgyzenRaZfDD3QqqV5/cool-dna.jpg)\n\n**Technical DNA**\n\nBlockchain is a data structure, or a particular method of storing information. It consists of a growing chain of transactions with each new ‘block,’ a finite grouping of transactions, referencing the previous block by way of a cryptographic hash. The blockchain is a ledger of transactions, each cryptographically signed ensuring simple validation of the entire history and preventing tampering. As the technology evolves the word “blockchain,” is being applied to structures that are not exclusively a chain of blocks, but is now is used to refer to other structures that store collections of transactions.\n\n**Network Genes**\n\nWhen we discuss blockchain as a network, the most common traits are those originally described in the Bitcoin white paper. In order to enable peer-to-peer transactions the Bitcoin white paper describes a network of nodes, each with a complete copy of the ledger, recording and arriving at consensus on each new block of transactions. The variables we use when evaluating blockchain networks are; distribution, openness, decentralization, and trustlessness. These traits are distinctive, but linked, each impacting the value of the others.\n\nThe lowest hurdle for evaluating a blockchain is the question of whether or not it is distributed. Distributed means that an entire copy of the ledger is held on each node and that there is more than one node in the network. There are varying measures as to what degree a network is distributed — how many nodes are present, are the nodes related to one another, and how geographically dispersed the nodes are. The more a ledger is distributed, the more difficult it becomes for bad actors to corrupt the network. From there the remaining variables can be examined by separating blockchain networks into two buckets, permissioned and open.\n\n**Permissioned**\n\nPermissioned blockchains are also called closed or private. Though they are typically distributed, the nodes that contribute to the blockchain are controlled by the organization that implemented or manages that blockchain. Permissioned blockchains are, what I will refer to as, quasi-decentralized, though they do not necessarily need to be. If the system uses some kind of consensus protocol and each of the distributed nodes has equal authority then the system appears decentralized. However, because the nodes are all granted authority by a central party, they cannot be truly decentralized in the way that open blockchains are. Consensus here is technically decentralized, but is the privilege of only the chosen validators. By staying in this decentralized middle-ground they are not as vulnerable to bad actors adding nodes to their network and causing harm, on the other hand, limiting the number of nodes puts increased value on the input of each making the network vulnerable.\n\nAlong that vein, permissioned blockchains are not “trustless,” in the way we expect open blockchains to be because there is an inherent requirement that members of the network trust the system gatekeeper. In the case of internal company blockchains for instance, this isn’t a problem because the company has no incentive to lie to itself and trustlessness isn’t a priority. Private or permissioned blockchains are gaining popularity as easy to use, more secure systems. Products such as BigchainDB, Hyperledger, Stellar and Dragonchain are all examples of permissioned blockchain based tools.\n\nWhen evaluating permissioned blockchains it is useful to begin with several questions. By whom or by what method are permissioned nodes chosen? How many permissioned nodes exist in the network? To what degree are those permissioned nodes related? Are there economic incentives to prevent adversarial model, collusion etc.? These answers will lead to an understanding of to what degree the blockchain in question is distributed and quasi-decentralized.\n\n![network.jpg](https://steemitimages.com/DQme4PZQQWWBRvnazhi96f3x58esvqZo7dHmzNjSMi3V7C6/network.jpg)\n\n**Open**\n\nOpen blockchains operate similarly, but permission isn’t necessary to become a node. This means that open blockchains are truly decentralized, because even if there was an authority that originally launched the project, the community has the authority to accept or reject transactions or changes. The argument could be made that some open blockchains are more neutral than others, depending on the composition of the network. Blockchains operating with fewer nodes can be considered less decentralized because the number of bad actor nodes required to overtake the system is smaller than blockchains operating with many, well-dispersed, unrelated nodes. That said, typically open blockchains are difficult to overtake in a way that would be economically feasible for the taker. With open blockchains users are not required to submit to a central authority deciding the validity of any transaction. Instead the network is structured such that each member is incentivised to behave within the rules and contribute to its continued existence. This means that open blockchains, with proper incentives and adoption, can enable trustlessness and peer-to-peer transactions. The principle of trustlessness was core to the Bitcoin whitepaper and the two are squarely linked in the wider social discussion of blockchain. Bitcoin, Ethereum and most other well-known, frequently-discussed blockchains are open.\n\nWhen evaluating open blockchains it is useful to begin with several questions. How many nodes are operating on the network? How dispersed are those nodes? What qualifications does one have to meet to become a node? What is the barrier of entry to becoming a node; technological, economic or otherwise? Does any central authority have to approve new nodes?\n\n**How To Speak Blockchain**\n\nAs we use the word now, Blockchain means everything and nothing at all. This leads to confused clients, unclear project descriptions and, in extreme cases, SEC subpoenas. Here I have established the beginnings of a critical framework for discussing the merits of a blockchain project. As with any innovative technology these variables will change over time, but having a standard rubric to guide the discussion of blockchain projects is valuable. Having a common language allows us to examine projects critically in a productive way. Going forward I will be using this archetype in my critical analysis of projects, and will continue to refine it based on changes to the landscape.\n\nIf you have suggestions, comments or anything you’d like to add — drop it in the comments below, contact me on twitter @benson4america or by email at [email protected]",
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      "body": "<html>\n<p>Congratulations <a href=\"/@torib\" target=\"_blank\">@torib</a>, you have decided to take the next big step with your first post! The Steem Network Team wishes you a great time among this awesome community.</p>\n<hr>\n<div class=\"pull-left\"><img src=\"https://steemitimages.com/DQmaAdLUJ3yaSkmcmWECWyPGPWcjfbCoZ8Tu4RM6H4DbjCi/steem-network-thumbs-up.gif\" alt=\"Thumbs up for Steem Network´s strategy\" title=\"I suggest Steem Network´s strategy\" width=\"320\" height=\"222\"></div>\n<h1>The proven road to boost your personal success in this amazing Steem Network</h1>\n<p>Do you already know that awesome content will get great profits by following these <a href=\"/steem-network/@steem-network/spread-your-posts-through-this-proven-strategy-and-get-great-profits-in-return--for-posts-created-at-2018-02-26\" target=\"_blank\" alt=\"Steem Network\" title=\"Follow Steem Network´s suggestions to boost your success\">simple steps</a>, that have been worked out by experts?</p>\n</html>",
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      "permlink": "bitcoin-private-brand-new-btc-or-same-old-zcl",
      "title": "Bitcoin Private: Brand New BTC or Same Old ZCL?",
      "body": "![Screen Shot 2018-02-26 at 3.42.54 PM.png](https://steemitimages.com/DQmNedTyaUrw2zEdDyaME4fuq9mqMnrisCYtbTogT4U5HNJ/Screen%20Shot%202018-02-26%20at%203.42.54%20PM.png)\n\n## TL;DR the BTCP White Paper\n\nThe crypto community is waiting with bated breath, anxiously refreshing Bittrex on twitter, harassing Rhett Creighton any way they can, for news on the upcoming hard fork of BTC and ZCL — Bitcoin Private. The team behind BTCP is striving to create a new currency that is faster, better aligned and, as the name implies, private.\n\n![Screen Shot 2018-02-26 at 3.47.50 PM.png](https://steemitimages.com/DQmPhch2g2EZ282cRE8gurTZFYEYM2kyN5iqBLaT5tZy6ye/Screen%20Shot%202018-02-26%20at%203.47.50%20PM.png)\n\nThe BTCP white paper focuses primarily on the shortcomings of other significant blockchains and how BTCP improves on those issues. BTCP features a larger 2MB fixed block size compared to Bitcoin’s 1MB, and a 2.5 minute block time compared to BTC’s 10 minute time. These features are the same as Zcash and Zclassic. BTCP uses Equihash, the premier ASIC resistant proof-of-work algorithm. The snapshot, or the exact time when you must hold BTC or ZCL in order to receive BTCP in the fork, will happen at 5pm UTC on February 28, 2018. Currently BTCP has exchange support on Trade Satoshi but Bittrex is expected to announce support at some point.\n\nThe Bitcoin Private team is is calling the fork a “fork-merge,” because everyone holding 1 Zclassic or 1 Bitcoin at the time of the snapshot will receive 1 BTCP. This is a unique method, combining the UTXOs (unspent transaction outputs, in this case any BTC or ZCL that is held), but actual blockchain being forked is Zclassic. The total supply of BTCP is 21 million, and at the time of the fork almost 20.4 million of those will already exist from the initial distribution. The BTCP team claims this will make  them the “*least inflationary coin ever produced,*” according to their white paper.\n\n ![hard-fork-graphic.png](https://steemitimages.com/DQmRH9GzaA86QqzLaGQYDkQvS5fKjoS4hcQQaJudPZLpFSn/hard-fork-graphic.png)\n\nFor miners, the team took lessons from both Zcash and Zclassic. BTCP has no “founder tax,” an unpopular feature of Zcash, but does include a system to incentivize developers, which was neglected in Zclassic. They facilitated this by creating a “voluntary miner pool,” which would reward Zclassic miners for contributing to a fund by offering them a >1:1 proportion of BTCP to their ZCL contribution after the fork. The reward for mining at the first block will be 0.7815 BTCP. After about 66,000 blocks the reward will be cut in half, and will continue halving every 840,000 blocks.\n\nThe claim to increasing privacy comes from the implementation of a zero-knowledge proof algorithm called zk-SNARKs. Transactions can be either transparent, visible on the blockchain, or shielded, where they verifiable but not able to be tracked by outside parties.\n\n## BTCP — Third Time’s a Charm?\n\nPractically, and when considered in a vacuum, Bitcoin Private is solid. The white paper is well considered and well reasoned and addresses some major and important problems in the cryptocurrency space. However, when compared with its true predecessors, Zcash and Zclassic, **Bitcoin Private not much more than a small shift and better branding.**\n\nZcash was a fork of Bitcoin that made some important improvements, such as the inclusion of Equihash, which without going into too much detail, improves the strength of the claim of decentralization. Zcash also included what is effectively the cornerstone of Bitcoin Private, the application of zk-SKARKs. Zcash faced criticism over the exorbitant founders tax on all mining, which led to an almost comically fast fork into Zclassic, which was technologically similar to Zcash but excluded the founders tax, which had the unintended consequence of neglecting developer incentives. Bitcoin Private is effectively the same as Zclassic but attempts to fix some of the developer incentive issues, by creating a pre-fork, voluntary donation pool.\n\nThe white paper tends to obscure the similarity to Zclassic and Zcash by comparing BTCP to Bitcoin, Bitcoin Cash and Bitcoin Gold (See table on page 3 for example). I like to believe that this focus was intended to emphasize the improvements that BTCP makes over these other Bitcoin forks, but it also speaks to a larger trend in the space. For such a promising technology like blockchain there is an incredible amount of snake oil being sold. At this point so early in the exploration of the space, maybe that’s fine. **But eventually, supporters will get smart enough to know that we aren’t really adding value.** And, frankly, if your white paper needs to be a little shady that doesn’t bode well for your ability to execute.\n\n![Screen Shot 2018-02-26 at 3.40.49 PM.png](https://steemitimages.com/DQmTiaCAUPfXP9T17M5WLJvpMEcAdaY8wgAjJwmTJqir5NW/Screen%20Shot%202018-02-26%20at%203.40.49%20PM.png)\n\nBitcoin Private claims to be focused on their community in a way that Zcash and Zclassic didn’t pull off well. Zcash was a sincerely novel project in a lot of ways, so we can assume that they thought they would need the money from the pre-mine and the 20% founders tax. Zclassic reversed those, but didn’t make any moves to actively reward developers so they lagged on improvements. Bitcoin Private’s actual largest change was in the way they looked to solve these problems, but it is unclear whether or not they hit the mark. Their community focus includes a treasury fund to incentivize developers and a community developer program. The treasury fund is governed by primarily by the Bitcoin Private team, hardly and arms-length transaction, and has no stated plans to transfer that management to the community. The developer program as described is open to anyone but requires a successful application to the program and so is still tightly controlled. This isn’t to say the approach won’t be effective, but that the amount of input allowed from the community may be overstated.\n\nThe structure of the BTCP block reward is a risk that will ultimately depend on the value of the coin. This is true of every coin, of course, but by starting with such a small reward, if the price drops immediately after the fork, miners could lose confidence and stop mining. Inevitably some miners will stay because the difficulty is adjusted based on the number of miners, but having only a small number of miners will reduce hash power impacting the security and speed of transactions. Again, this is a risk with every fork, but by starting with such a small reward the BTCP team could be putting additional pressure on an already difficult balancing act.\n\nFinally, and arguably most importantly, the claims of privacy through Bitcoin Private are imperfect. Between two shielded wallets the privacy components are excellent. However, because there are very few decentralized exchanges, BTCP transactions made on an exchange will not be truly private. Centralized exchanges, though they typically send transactions in bulk, have to keep records to comply with governmental regulations. True peer-to-peer transactions are limited at this stage and because most transactions include at least one side operating through an exchange, the feasible impact of the privacy assurances are limited. This does, however, position BTCP perfectly for the future implementation of decentralized exchanges, though again not in a way that Zcash and Zclassic are not already positioned. \n\nOverall, Bitcoin Private is fine. It includes some minor improvements over Zclassic, but nothing groundbreaking. It is being implemented by an experienced team, so I have confidence in their ability to implement the project at promised. In some ways it feels like a “third time’s the charm,” approach — but that isn’t necessarily a statement on its potential for success. I don’t have any significant problem with BTCP, but it also isn’t particularly exciting. **BTCP feels symptomatic of this period in crypto overall, which is idling, experimenting and waiting for the tools that enable wider adoption.**",
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