Drivechain is a proposed soft fork that has faced a lot of criticism in the community, and Shinobi (Technical Editor of Bitcoin Magazine) joins me to discuss his critiques of the idea. We discuss:
What is Drivechain
How it works
Miner centralisation
Re orgs on sidechains
T-shirt sales argument
Stratum v2
“Miners can steal”
Other soft fork ideas (e.g. APO, CTV)
Multi Party Channels
“First Develop with what we’ve got”
Thank you sir, right on it!
A lot of noise about this proposal.
But I don't see clear incentives. When currently second layer implementations denote a low interest.
#drivechain are not a priority
Great Stephan because that's exactly what I needed to understand. I'll gladly watch it!
This is just another term for sidechains, right?
Nice show. I thought shinobi was spot on for most things
The bit at the end, he seemed to be too far against block size increase
- slippery slope yes, we might only get one shot at it, it shouldnt involve tinkering
- prevents decentralized network, you can factor that into an increase so that size is correlated to hardware, and also a metric for a large node network
- ship has sailed in 2017, dont think that's the case, since all parties left an increase in the medium term on the table after segwit got adoption
We shouldnt be against something just because it was once an attack vector. Just things on cost/benefit/risk trade-offs.
Also need to think about how miners start to use AI aglos. It would make sense for the largest transactions to pay a priority fee, lowest to get into the block, and spam to be made more expensive. All doable in 2-4 years, or less.
Notice if miners are smarter about the AI and game theory of fee collection, that leaves space in the blocks for the long tail
https://cointelegraph.com/news/adam-back-bitcoin-block-size-increase-in-mid-term-is-possible
Will Drivechain Centralise Bitcoin? with Shinobi ( nostr:npub1xapjgsushef5wwn78vac6pxuaqlke9g5hqdfjlanky3uquh0nauqx0cnde ) (SLP512)
