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It’s true that #tradefi is seeking to gain influence over the #Bitcoin network but I don’t get the reasoning to say that #drivechain are instrumental to this dynamic.

Tradefi doesn’t need #Bip300 to create BS tokens. They can already launch other blockchains or smart contrats to print tokens and attempt to sell them for fiat. Drivechains won’t make it better or easier for them to do so.

#Bitcoin #BTC

B1tR0y 2y ago

I'm not trying to say they (drivechains) themselves are instrumental but IMO they're just a way to keep the #Bitcoin miners more profitable while they continue to suppress the fiat price of #bitcoin as the same miners will be able to collect fiat from these coins they mine even when the fiat price of #btc is low.

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Discussion

LogicallyMinded 2y ago

#Drivechain should increase the profitability of miners but how would the miners be able to collect fiat from the coins running on drivechains? By running a miner/validator on those drivechains? How is it different from running a miner/validator on another #blockchain while mining #BTC?

Again, my point is that #Bip300 won’t create new incentive for an an actor mining #Bitcoin that is also looking to mine/validate another #crypto.

#Bitcoin