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finality and atomic swaps built in don't fit well with probabalistic finality either, it's already slow af with cosmos tokens crossing between chains, needs at least one hour and even then. someone made finalizer widgets for bitcoin at one point i think.

it's really a dead end, people have been up and down that road at least 3 times already, why now? probably to pump someone's bags.

and as a result of hearing mr guy swann saying affirmative things about old hat says to me there is nothing more worth hearing from him.

j 2y ago

lol, how would you "pump someone's bags" with drivechains? The whole point is to use Bitcoin.

This is just more of the "shitcoins on Bitcoin" nonsense.

As far as Cosmos is concerned, no, I don't know anything about it, I will look into it, thanks. But your point about cross chain swaps not working is silly. Already works today, and there's many account-less exchanges that offer them. The main problem is you'd have to trade your Bitcoin for some shitcoin (except for submarine swaps which are great) so I wouldn't use most of them.

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Guy Swann 2y ago

Agreed. The incessant “shitcoins on bitcoin” remarks really misses the whole point. None of what happens on the sidechain matters to the main chain, this is true for literally any of them. All of them could create as many arbitrary tokens if they wanted to.

All that matters is what’s happening on the actual Bitcoin timechain, and how ownership on Bitcoin is determined. Is it a federated multisig, or is it a time locked channel, or is it a hash locked balance? Everything else is completely irrelevant, imo.