E-cash doesn’t seem to be the answer either to avoid centralization. What’s best option? Accept on-chain with high fees and slow trx?
Discussion
That scales much worse of course.
Drivechain is a pretty good solution if we can get it, other possible solutions must involve trust, but in a decentralized way.
Drivechains have a hashrate centralisation problem. Research the history of merge mining and the general attrition of proof of work chains due to GPU hashrate yield chasing like nicehash.
Unless you can solve that problem you fail to get SoV and thus MoE is a lost cause.
Nobody accepts stonks as payment.
Without moneyness you are wasting your time.
Lightning actually has built in protection against third party surveillance. It is decentralized as git, at minimum. This LN hate is ignorance and superstition. The LN game theory is arcane, but it's not incomprehensible. You sound like an idiot to anyone who understands LN
Drivechain uses blind merge merge mining that solves all these concerns.
LN theory is great, I don't complain about its privacy or decentralization. My problems with it are that it doesn't scale so it's wrong to bet on it too much for the future, and it's too fragile, channels don't survive in a hostile environment.
Merge mining the merge accepting chain is always mined and liquidated by opportunistic miners. I was doing this in 2017 I watched what happened. Almost none of the chains I mined exist anymore.
This is completely unrelated. You have no idea of how Drivechain works, I suggest reading https://drivechain.xyz/
you really don't seem to understand i have been involved in bitcoin and cryptocurrencies in general since 2013 and i was working with them and mining them and studying the game theory and developing my own proof of work and my experience told me that over time all the value moves to only one coin, bitcoin, and the rest of them are just ways for VCs to chase after that brief profit when the hype train hits terminal velocity and then after that, it's over
it won't make any difference what way you try to construct a way around it, none have succeeded in 15 years to displace bitcoin and lightning is the main reason why bitcoin fees are so low, and there isn't actually a way to measure the liquidity and velocity of money through lightning, so people think it's whatever their favourite influencoor on X says it eas, meanwhile said influencoor pockets the sponsorships to pimp the flavour of the month while the people behind it are stacking sats
Did you even click my link? Drivechain is not a shitcoin, it's just a way to move Bitcoin to sidechains and back.
I would be interested in your description of Drivechain, to see how wrong you're getting it -- but now I have told you the truth already and now you know Drivechain doesn't create other coins, it is just a way to scale Bitcoin and add more use cases and features in a way that is fully optional to Bitcoin users, so it won't be interesting anymore.
What you are forgetting is that a consensus needs a security budget which will erode the viability of these chains. I know what anchoring is and that fee margin will make the cost impractical compared to 1% or less on LN
But carry on, you know better.