My point exactly. Even if everything else would be alright, shitcoins would still shitcoin because they want to create money out of thin air. This wouldn't work for them that well on drivechains so they wouldn't use them.
Discussion
So Sztorc's argument that drivechains will kill altcoins is TRANSPARENTLY false and pandering to maxis
I guess it’s how you interpret to me he’s saying eradicate the need for altcoins.
Maxis say “just use bch if you want big blocks, just use Monero if you want privacy, just use eth if you want smart contracts and stablecoins”
Why not allow that optionality on btc layer 2 without the altcoin?
More people will be inclined to use btc on layers 2s instead of shitcoinery on other chains.
Part of his argument for sure.
Other argument is that we could create sidechain providing great privacy.
Issue with this arguments are two in my opinion:
1. We can achieve really great privacy on regular L2s and lightning as well. It just needs some time.
2. Due to small anonymity set on sidechain the privacy is highly questionable anyway.
So yeah, I don't see any argument sufficiently strong and urgent in my eyes. But what do I know, I'm just 80IQ pleb.