The Re-Truth About Truthcoin

Juice
2 min readJan 4, 2025

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Paul Sztorc has long played the role of genius inventor of Truthcoin. Here is an expose on the project from Bitcoin Magazine.

Truthcoin is a decentralized prediction market. And Paul has long sought to change the Bitcoin protocol so he can merge his project with it.

But thats just a ruse. There is no need for such a protocol change.

His bitcoin improvement proposal for “drivechains”…is meant meant to extend to the Truthcoin project:

But the truth is Paul has been secretly hired by Roger Ver and Mark Karpelès who stole the Mt Gox coins and need a protocol change to wash the stolen coins and finally get away with their crime:

Bitcoin doesn’t need any of the things drivechains purport to bring to it. It already serves Nash’s proposal and thus only needs ossification:

And “truthcoin” isn’t a new idea nor did Paul Sztorc invent it (ironic right? Aptly named just like all other agent of the state programs). Prediction markets are a natural outcome of free markets.

So while Paul Sztorc is training people to think the only way they can exist is if they are baked into the bitcoin protocol, already functioning prediction markets, such as polymarket COULD be demanded by the public in order to enforce the propagation of truth in an otherwise censorship program such as X.

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