TL;DR: Signal, Watch, and Pay Protocol: Toward A Censorship-Resistant Economy On Bitcoin Cash (SWaP) published earlier this month to wide acclaim. It’s the culmination of Vin Armani’s plodding, grinding work for almost a year and a half to leverage what peer-to-peer electronic cash is all about: eliminating censorious middlemen. This episode is available embedded in the article below, and on iTunes, Spotify, Google Podcasts, Stitcher, Radio Public, Breaker, PocketCasts, PodBean, YouTube for Newer Episodes, YouTube Older Episodes, and Overcast.
Signal, Watch, and Pay Protocol (SWaP) for Bitcoin Cash
His name keeps popping up in nearly all Bitcoin Cash conversations. Seemingly unrelated was the announcement of the newly created SLP Foundation. It’s hoping to be a ConsenSys-like arrangement to help grow the increasingly popular token environment on Bitcoin Cash. But there it was, right in the presser: Vin Armani’s Postage Protocol listed as a prime example of exciting SLP developments. That’s just one example.
The point is quite a few projects seek him out. Armani is unlike almost any other thinker in the BCH space. He’s constantly doubling-back onto what Bitcoin is. For Armani, even though a great deal of where investment dollars in crypto end up is within trusted third-party arrangements (exchanges especially), the point of Bitcoin is to eliminate trusted third-parties. It’s a tall order.
Super-complex arrangements are being tried on chains like Ethereum. Decentralized finance (DeFi) has been touted as getting closer, perhaps, to the P2P ideal. But it has proven to be anything but, and instead has become susceptible to innumerable problems and obstacles (and hacks).
Armani’s answer is Signal, Watch, and Pay Protocol (SWaP). It could be a giant step toward on-chain non-custodial financial arrangements for SLP/BCH exchange trading, multi-party escrow with an oracle, and crowdfunding … just for starters. We get into all, along with Armani’s dramatic move to Saipan in an attempt to escape pandemic responses in the continental United States, and once again your head is going to spin at the implications of peer-to-peer electronic cash.
03:30 Moving to Saipan
08:15 Building off of Simple Ledger Postage Protocol
12:15 Collaborative transactions
14:00 Taking the third-party trust out
16:00 Ethereum DeFi just isn’t cutting it
22:05 What are the stated values of Bitcoin Cash
31:00 SLP tokens and their importance
37:15 Multi-party escrow and prediction markets
42:45 Socialist Bitcoiners vs. Capitalist Bitcoiners
45:45 Specification and shout-out to James Cramer
48:45 Forking Badger Wallet
50:45 Callback to the Genesis Block
52:45 Crowdfunding, dividends, ICOs, and regulators
1:00:45 You cannot stop a protocol; shout-out to BCHD
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