Replying to Avatar Cyph3rp9nk

The routing and liquidity management in lightning is a pain in the ass, plus those who warned about the problem of centralization in lightning were right, not to mention that most use custodial solutions.

I honestly prefer to use a federation like Liquid rather than Lightning with all the drawbacks it has.

On the other hand I have hopes to see mercurylayer, it solves privacy and scalability problems, I want to see how far they can decentralize it.
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nobody 2y ago

Interesting. Stacker news ran an AMA today about Drivechain and some other bleeding edge ideas. I'm pretty opposed to drivechain but the AMA really challenged some of my ideas, gave me new ones and of course confirmed others.

Bitcoin as a P2P money in a merchant setting just hasn't happened. At all. Bitcoin broke into the collective conscience in 2017-2018 IMO but in the following 6, almost 7 years merchant acceptance is painfully slow to uptake. Not enough has been built. So much attention elsewhere.

I agree with some of what drivechain is trying to do. Build out Bitcoin.

I'm still not for modifying L1 on unproven untested theory. But I agree with some of the ideas here.

Liquid is good but it's a totally custodial trusted peg-in system.

Lightning is cool but has issues too.

Bitcoin needs to be built out at the scaling layer since we kept blocks small. And retail needs to be pitched harder to accept it.

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Cyph3rp9nk 2y ago

For the moment I would not consider drivechain because there are many new features to be exploited that theoretically solve scalability and privacy problems, I do not think that these two needs are the goal of drivechain.

- RGB

- Mercury Layer

- ARK

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nobody 2y ago

Agree.

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nobody 2y ago

This is blowing my mind. The idea is simple... swap keys to the coins instead of the coin balance themselves. This impacts mining then for sure.

RGB looks really interesting. I need time off work just to go down all the rabbit holes. So fascinating.

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nobody 2y ago

What an awesome write-up! ☺️Thanks for posting this, if you're interested in learning more about Drivechain, we're having a Twitter Space every Friday, 1 pm EST. Also, here's some informative links:

http://Drivechain.info (Paul's blog)

http://LayerTwoLabs.com/FAQ (our site)

http://Drivechain.xyz (a fan site)

Hope to see you tomorrow!