Egalcoin
@Egalcoin🦅🪙 Egalitarian, Max Fairness, and Max Freedom. Not a blockchain: a parallel async BFT-CRDT. No-ICO: RandomX PoW coin creation. Volunteer Only. Coming 2026.
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Bitcoin has become a slow digital gold SoV with >51% of consensus centralized to 3 big miners. Egalcoin will be the most fair electronic CASH SYSTEM without ASICs, centralization, or early insider advantage. Egalcoin has evolved beyond a slow chain of blocks to a BFT-CRDT.
Every weekend build a little more. Goal: 2026 Rust + GTK4 + Tokio + Rustls + Rusqlite
Egal will never sellout to VC, never fundraise, never ICO/ITO, never Airdrop, never pay an Exchange, and never abandon our principles & values. We will develop and launch for free. Wait until 2026 for the Egalcoin Core full node P2P wallet then RandomX PoW mine Egal yourself.
Hayek's dream is a free, fair, ethical, circulating, flowing, decentralized money. Chain of blocks architectures like Bitcoin are stores of value, but aren't designed for fiat-replacing money.
July 14th is the 1-year anniversary of the Egalcoin whitepaper. Our principles & values are based on nonviolent selfless innovation & progress. Six months ago the author team choose a no-ICO BFT-CRDT instead of a blockchain. The whitepaper is hosted at egalcoin.io
Sorry @aeyakovenko , nothing about Venture Capital investors, early insiders, initial coin offerings, corporate partnerships, inflating supply money printing, and having a state so large only Google can store it all is Egalitarian. Egal embodies Egalitarian principles & values.
If this works it will be the most egalitarian thing I’ve ever seen. It will reshape the fabric of society
Egal principles and values can accelerate the world's transition to sustainable money. @Egalcoin
The whitepaper, knowledge archive, and team member information is now on our website: egalcoin.io
If Bitcoin's chain-o-blocks is like a Nokia & numberpad, a BFT-CRDT is like an iPhone & glass touchscreen. Totally ordered serial chains of blocks was never the most beautiful, parallel, decentralized data structure for a future monetary system. The future will look different.
#Bitcoin is in the ‘Nokia phase’. Strong, durable, does a few things really well. Decent adoption. Wait til we hit the ‘iPhone phase’. Tons of apps, used for everything, can’t remember life without it. Mass adoption. Remember this could take a decade.
The first slogan on a US coin was not "In God We Trust" but was actually "Mind Your Business".
The Egalcoin BCRDT will be immune to the regulatory capture aspirations against centralized chains-of-blocks.
Carole House tells congress that bitcoin miners should enforce OFAC sanctions at the network level 🚩🚩
Notice that after Bitcoin and Ethereum the evolution becomes fully peer-to-peer local and transgalactic. It is impossible for chains of blocks consensus to scale across the stars and update for a post-quantum age, but not for a BCRDT.
40 sec AI-video, illustrating the dynamic evolution of money. Made with interpolation techniques. What do you think "money" will be like in the future? In 50 years? 100? Animation by Fabio Comparelli, @intothefab, fabdream.art, Used with permission.
What I like the most about the utxo model as a whole is the idea of being the guardian of your own local state. There is power to that when it comes to the concept of decentralization.
Everybody deserves to transact with "good money" every day. #Bitcoin and global totally sequenced linear chains-of-blocks are not daily transactional money. BCRDT's are the future.
Update: The whitepaper won't be frozen today. We are onto something extraordinary, but it will take us more time to refine architectural and economic details. @martinkl has an awesome paper worth studying: martin.kleppmann.com/2022/04/05/bft… 😉😉
#Egal will succeed Bitcoin by: -No 'satoshi coins' advantages -No early insider advantages -No centralization at genesis -No ASIC-friendly PoW -No binding emission & consensus 1:1 -No scaling issues: >1TB/yr L1 -No ICO, 100.00% PoW -Yes, Egal is a volunteer philanthropy
Bitcoin maxis would be critical, however many would migrate to a new chain with superior principles, values, decentralization, economics, and functionality. They will call #Egalcoin bad names, but we see the future.
The money of the future will be a philanthropic effort of world-class volunteers, a neutral commodity, not a security, no issuer, no ICO, no shenanigans, no venture capital, no corporate capture, no 'satoshi-coins' early insider advantage, no barriers to new miners, not…
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