General Protocols @GeneralProtocol
General Protocols are UTXO experts, building peer-to-peer, open-source financial tools and services on the Bitcoin Cash blockchain. generalprotocols.com Joined October 2019-
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The wallet shows the truth, in human readable language. XO Transparency.
Most people think access and ownership are the same thing. They're not. If your bank account is frozen, your money becomes inaccessible overnight. That's the difference between access and ownership. youtube.com/shorts/NkOyLO2…
Goldsmiths stored gold and issued receipts. Then they realized most people never withdrew all their gold at once. So they issued more receipts than gold. Fractional reserve banking wasn't an accident. It was the business model. youtube.com/shorts/vHa5BPJ…
Monopoly was created to criticize concentrated wealth and economic power. Today, people play it to own everything. Bitcoin may have followed a similar path. youtube.com/shorts/Xx4RARp…
When your money is in a bank, the bank controls it. When it's on an exchange, the exchange controls it. And if your wallet can't understand your assets without the platform, you don't fully control them. True self-custody requires understanding.
Today, every new protocol often requires every wallet to build its own custom integration. This means repeating the same work again and again for every application. The challenge is creating a system where a wallet can safely understand an entirely new use case without needing a bespoke implementation each time. That is one of the core problems XO is solving. youtube.com/shorts/b_vXp-y…
"Never break compatibility" sounds good until it starts limiting innovation. @EmergentReasons discusses why BCH prefers thoughtful hard forks over accumulating years of complexity and workarounds. youtube.com/shorts/SVlFqh7…
Most wallets show you a balance. XO shows you a position. What’s active. What’s committed. What’s still unfolding in real time. That changes everything.
What happens when your wallet receives tokens or outputs it was never expecting? XO was designed for that too. As @monsterbitar explains, the system separates output definitions from locking scripts, allowing unknown airdrops, dustings, and other unexpected outputs to still be recognized and accessed without breaking the wallet state model. youtube.com/shorts/UVAaihF…
Code is not just law, it is also enforcement. As @im_uname explains, smart contracts create tightly bundled systems where changing or ignoring one rule becomes extremely costly because it affects everything connected to it. Even then, history has shown through events like the ETC split that these systems can still fracture under enough pressure. youtube.com/shorts/28ypEb3…
Most wallets make you blindly sign transactions you don’t understand. XO changes that. Clear actions. Clear approvals. Clear understanding. For the first time, crypto starts feeling like money.
Traditional wallets store keys and repeatedly look them up whenever funds need to be spent. XO takes a different approach. @monsterbitar explains the system stores references to how keys were created, allowing them to be reconstructed only when needed. When outputs are spent, the related state can naturally be removed or archived as part of the lifecycle of the system. youtube.com/shorts/oE0o26U…
The real power of blockchains is that the rules, transactions, and contracts are all tied into one shared system. @im_uname explains, changing or corrupting one part becomes extremely difficult without affecting the whole network. That is very different from traditional systems where individual outcomes can often be manipulated in isolation. youtube.com/shorts/KVoSkyl…
One parking lot lets everyone leave at once. The other makes every driver wait for the valet. That difference turns out to matter a lot when you’re building global-scale money systems. youtube.com/shorts/78gw6nb…
Regular wallets only work smoothly because simple scripts like P2PKH are deterministic. They just store your keys and assume the rest. However, @monsterbitar explains, once contracts become more complex, wallets stop tracking the extra state entirely and push that responsibility onto external apps. XO is designed to bring that knowledge back into the wallet itself. youtube.com/shorts/dDqtgHY…
Even in systems that appear fully democratic, someone still decides what gets voted on. As @EmergentReasons points out, the real power is often not in counting the votes, but in asking the questions in the first place. youtube.com/shorts/zibpLf7…
Today, apps like Moria hold the domain knowledge on their side. You can approve an action, but you cannot truly verify what is happening. XO changes that with templates. As @monsterbitar explains, both sides share the same template and the same hash, so you can independently verify exactly what action you are agreeing to before signing anything. youtube.com/shorts/vWsJwC9…
Most people still think crypto’s innovation was “number go up.” But we already had infinite assets before blockchain. The real breakthrough was creating something permissionless, censorship resistant, and actually owned by the user. You can speculate on Pokémon cards but you cant make them unstoppable money. youtube.com/shorts/VMrpqQK…
On Bitcoin Cash, simply using a new address each time already gives you a stronger baseline of privacy. On account based systems like Ethereum, reusing one address makes your entire history visible. As @im_uname explains, UTXO chains start you ahead without needing extra tools: youtube.com/shorts/baiE3zQ…
Invitations in crypto can be tampered with if there is no verification. A malicious actor can change details without others noticing. XO fixes this by using signatures, so every change is provable and every participant is accountable. As @monsterbitar explains, this turns invitations into something you can actually trust. youtube.com/shorts/_PZT030…
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