Lightning on top of & serving as a bridge between Liquid, fedimints, spiderchains, channel factories, etc. People who act like there are no other options when most of the solutions we already have as options are not fully implemented, much less thoroughly explored, are a big part of the problem.
Discussion
I haven’t delved into spiderchains yet. Care to explain?
Regarding liquid and fediminits. Both are custodial (or multiparty custodial) solutions. I need to trust some third party to not steal my btc.
Drivechains require the exact same trust, only there is no security by exclusivity, if all miners aren't participating then any other miner can attack & there is zero opportunity cost for doing so.
They are all federated trust models. But they are federated models with no ability to inflate & no ability to target any single customer, & they can be small & run by a limited number of known entities with good reputations, & then networked via Lightning to other sidechains.
Drivechains on the other hand require massive miner particpation to be secure, no potentially malicious miner can be excluded, & it requires a change to the incentives on the base layer that could over time break the entire system.
There are a lot of people who don't seem to understand the sensitive dependence on initial conditions that is at play when you screw with things in a system like Bitcoin.
Well, I don’t know. “Good reputation” are two words that I don’t like hearing in bitcoin. Maybe there is no good solution, but I really hope we can find something better.
I think (if we are free) reputations are going to be wildly important—I don't think there's any way around that. Reputations won't matter if we aren't free because the govt will just centrally assign your social score & being a good & trustworthy person won't help you.
There was this podcast episode recently explaining spiderchains if you’re interested: