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I'm too stupid to comment on drivechains so I won't.

I don't understand drivechains enough either.

But I have a simple question to all drivechain proponents.

Tell me one use-case that we need on #bitcoin and that we can't resolve by standard L2s which would justify the protocol change.

The discussion is cirlcing around miners incentives, potentially unknown risks to the protocol, etc. But I want to know what it brings that we actually need and want on bitcoin. Because I can't think of anything...

And if that is the case, then it really is just dangerous, meaningless messing with miners' incentives and potentially unwanted consequences to the protocol.

I heard from multiple sources that it could bring sidechain with great privacy. In my opinion this can be resolved on L2 or with combination of CoinJoin and L2. I don't see need for ultra private sidechain.

But I am waiting to get educated.

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Discussion

utxo the webmaster 🧑‍💻 2y ago

Vast majority of people on lightning use custodians, with a drivechain you could hold your own keys without managing liquidity

Petroit 2y ago

I believe this is solved potentially also by ARK?

utxo the webmaster 🧑‍💻 2y ago

Ark also need a CTV softfork, why not the same concerns? 🤔

Petroit 2y ago

I'm not saying I'm pro BIP119. Haven't studied it deeply enough either.

But it seems to me like drivechains benefits are not as large while introducing something I'm not convinced we need.

But it is a fair point, I should compare these BIPs more.

techfeudalist 2y ago

It doesn’t seem accurate to say that drive chains are noncustodial. The assets held in drive chains are subject to a group of people (miners) acting properly.

To me, this seems like just another federation. Like Liquid. You can also hold your own keys in Liquid. Liquid may also be more decentralized than the group of miners. 🤷‍♂️

Cyber Seagull 2y ago

>decentralized liquid is more centralized than liquid

Mkay.....

Cyber Seagull 2y ago

what if i told you drivechain allows trying out 119 without any downside to main

Petroit 2y ago

You can potentially try BIPs on testnet as well 🤔 But it doesn't simulate all the potential consequences as you need all the users and their curious brain power fucking around to realize all the true consequences.

In my opinion - ability to test other BIPs on sidechains is not a sufficient use-case. As well as potential for ultra private sidechain isn't good enough use-case for me either.

But that's just me.

nobody 2y ago

I have a sneaking feeling that drive chain is purposely convoluted to keep understanding murky.