Replying to Avatar Saberhagen The Nameless

Yes, I understand you can copy the privacy technicals to be exactly like Monero. But the underlying mechanics and incentives would be different since it is an L2 drivechain. And you would have to get all Monero markets/businesses/users to switch over which seems like a tall order.

Zcash sender privacy *tech* is better for sure I think you guys should use something similar. It's the governance, dev taxes, etc around Zcash that is trash. Monero is heading down the full membership proofs paths which will finally do away with it's weakest privacy layer: ring signatures.

Lmao @ the Zcash forum salt. Isn't this the point of FOSS? Incentives to build on other work and improve each other?

I'm not threatened, if drivechains turn out better and people adopt it I will use it. But whether for good or bad I just don't see it happening because of how controversial it has been.
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Sovereign Matt 2y ago

I agree it won’t happen overnight. Monero has strong network effects in certain places online.

But I think on time bitcoins network effects will far exceed.

It’s similar to languages work. Why does everyone in the west speak English? Well if you want to do commerce you need the dollar so you need some English to make the trade.

I think if everyone has bitcoin, eventually everyone will expect you to have bitcoin for commerce if hyperbitcoinizationnever plays out.

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Sovereign Matt 2y ago

Sorry my fat thumbs and damus app is buggy. I hope my reply makes sense.

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Vanessa 2y ago

You on TestFlight ? Looking for bugs…

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SMS 2y ago

😁

Funny thing about this story.

They can’t kill it.

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Saberhagen The Nameless 2y ago

I would consider Drivechains different to Bitcoin in a certain sense so doesn't carry L1 network effects imo.

For example: lightning and on chain bitcoin. People say they are the same. But just because you accept bitcoin doesnt mean you accept lightning. In fact, far more users/businesses/markets accept on chain Bitcoin. It's doesn't inherit on chain network effects if that makes sense. Same thing with Liquid, Ecash, etc.

I think any new thing like drivechains has to start from scratch.

Monero has the "privacy coin" market cornered. Bitcoin can't fullfill that niche currently and any new layer would have to gather it's own network effect. It would be exceedingly difficult.