Replying to Avatar LogicallyMinded

The arguments I can see against #BIP300 so far:

1) #Drivechain will strongly be associated with the #Bitcoin brand. Something bad happening in a drivechain (hack, scam) would reflect poorly on the #BTC brand.

2) Drivechains could siphon liquidity from the base layer. A drivechain’s token may attract more liquidity than BTC.

3) Drivechains could introduce regulatory risks. If a drivechain isn’t decentralized or is deemed non-compliant, it could help authorities to make the case for regulating Bitcoin.

4) Drivechains haven’t been properly reviewed and tested yet. There is no rush to deploy them.

#Blockchain #Crypto
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Cyber Seagull 2y ago

3) regulation.

Then you are against liquid and blockstream ?Do they pose a regulatory risk to bitcoin because it relies on bip 16 ?

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