Thank you for the clarification however regardless of whether or not they're technically on the main chain or not, the point still stands if it would enable modification of the #Bitcoin miners incentive structure away from them purely producing #bitcoin for their profit targets.
Discussion
No it would not. You are wrong about the very first thing you state about bip300 yet persist in your position , why ?
This is not a matter of opinion or feeling its a technical fact or fiction. This isn't about good bitcoin vibes and community and memeing. This is about money.
The base layer has changed many times since v1. This latest change will push future changes to L2 and end contentious forks. With bip 300 future changes can be adopted by those who want them. If yoy can't see how, yoy are not familoar with the technology enough to comment on it.
If you can, and simply want less choice, less freedom for people then that's fine, just be honest about being a despot.
Bip 300 is a minimal change, the change adds an op code and does not modify other codes, total bitcoin or anythingnelse. its the equivalent to adding a new item to a menu.
Show me, from the bip, in the code how it breaks bitcoin, or please shut up about it.
Look, I don't have to show you shit and you can fuck off if you don't want to engage. Outside of that the point that you clearly don't want to acknowledge is that #drivechains on #bitcoin change the financial incentives for the miners and that matters for the reasons I said in my original post!
If you disagree I really don't care and you can go fork off somewhere because I don't see this happening bro. Also I'd genuinely appreciate it if you went somewhere else to fuck off with your manipulative babble bullshit trying to get around the seriousness with this bip affecting the miners incentives 🖕
It does not. You don't even get the first thing right about it.
I completely disagree with you and think you are biased. But good luck with your alt coin fork.. If it ever materializes ✌️
Selling t-shirts and using excess heat to do something useful also changes the financial incentives for miners.
Yeah but that's nothing to do with the code so.. Kind of another thingy.
Just to say that miner incentives change for all kinds of reasons. The best way to keep miners honest is by making transaction fees the main incentive.
Drivechain actually helps a lot with this since it allows miners to earn transaction fees from sidechains through blind merged mining.
whoever told you drivechains made the miner incentives problem worse was either dumb or lying to you.
How does it not affect their invectives if it enables them to be able to extract additional fiat currency beyond what they could by the liquidation of the standard block reward they get today? The largest miners are already part of #tradfi and are publicly traded and they are all likely playing the Wall Street game of maximizing short term profits (mostly in fiat). If drivechains goes through and the 💩 coins start flowing then why would they even care if bitcoin's fiat price was lower since they'd be able to generate fiat from these drive chains? Once you throw in traditional finances seemingly hostile investments in said miners then you can start to see how this could become a slippery slope for keeping the fiat price of #btc suppressed even longer.. at least I do.
Block reward also benefits 51% attackers. The only incentive that keeps miners honest is transaction fees.
That's one reason drivechains are good: more transacruon fees for honest miners.
Thanks for the reply however it seems to me that the number 1 goal for #tradfi is to keep fiat currency as relavant as possible as long as possible and that only happens when the fiat price of #bitcoin is being suppressed as to not create worldwide fomo into #btc. Haven't you ever wondered how they can express #bitcoin that's truly finite with something infinite.. Especially when the amount of infinite units (dollars) to represent has some of the most positive developments in it's history with growing adoption are going down since November 2021? As I always say:
∞$/21 MM ₿ ≠ $
Yup, good point. Important to remeber who our real enemies are.
Also, drivechains are not for shitcoins. All merge mining fees are paid to miners in mainchain Bitcoin.