A Twitter Space event raised significant technical and operational concerns about Satoshi VM, a Bitcoin layer 2 solution proposing a ZK rollup. Key issues included its technical feasibility, which experts like Yago strongly questioned. There were also claims of manipulation during the project's launch, involving a terminal platform that may have allocated tokens to wallets connected to its CEO. Doubts were expressed regarding the transparency and the anonymous nature of the team, especially when dealing with bridged BTC on their platform. The event emphasized the value that VCs bring to projects, especially in terms of due diligence, which potentially lacked in Satoshi VM's raise strategy. The project’s leadership agreed to address transparency issues with a forthcoming release of wallet addresses and a commitment to publish more technical details.# Technical Concerns & Project Viability

Yago's Concerns

The discussion raised serious claims about the technical feasibility of Satoshi VM's proposed ZK rollup on Bitcoin, which Yago highlighted is currently not possible. Moreover, his call for transparency from Satoshi VM is echoed -- specifically, the release of their code and detailed white papers to substantiate their technical claims.

Evan & Da Vinci's Concerns

Concerns surrounding the control of BTC bridged over to Satoshi VM's platform were brought up. This presents issues regarding custody and trust, which are paramount in blockchain projects, especially when the team is anonymous.

Claim About Use of ChatGPT

A claim was made that a majority of Satoshi VM's technical paper may have been generated using ChatGPT, questioning the originality and technical robustness of the project's documentation.

Launch Fairness & VC Value

The fairness of the project’s launch was under scrutiny, with allegations against Ape Terminal potentially selecting wallet winners related to the team. The importance of VC due diligence was stressed, which contrasts with the launch strategy that heavily involved KOLs and retail.

Transparency & Path Forward

Both Yago's and Evan's feedback reflects a need for Satoshi VM to address transparency and trust concerns moving forward. This includes openness about the project’s progress, true capabilities, and the team behind it.

Overall

The space discussion transitioned from concerns about the launch fairness to the underlying validity and execution capability of Satoshi VM's project.