Replying to Avatar jimmysong

What's the End Game?

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My last post advocating for a Bitcoin chain split drew various reactions. Some labeled me as irresponsible, while others claimed I was undermining proof-of-work (I wasn't) or promoting a hard fork (again, I wasn't). The critics want more technical discussions to reach a consensus.

Here's the core issue: what's the endgame for drivechains? We've debated the technical aspects for seven years. Do we expect new information that will suddenly unite everyone?

The reality is, those in favor of a drivechains soft fork aren't going away. If anything, they will grow louder. So, what's the end result of endless discussions?

Prolonged debate without consensus not only wastes time but stall other valuable updates. I'll remind you that seven years of discussion have not resolved this issue.

A peaceful resolution now has a lot of benefits. We can put much of this debate to bed by engaging the market instead of claims made by marketers. We can see whether the things promised by the advocates actually come to pass and we'll learn a lot more about miner incentives.

Of course, there are other ways to resolve this conflict besides a chain split, such as creating a separate chain, using a different sidechain mechanism, or adding the needed op codes in an altcoin. Yet, these options have been available for seven years and haven't been pursued by the drivechain advocates. I think those are better resolutions than a chain split and a successful use case would be the best way to convince those of us that are skeptical of the drivechainers' claims. But that's not what they're doing and so we are at loggerheads.

In summary, the drivechain debate isn't resolving itself. A split will end this divisive conversation and allow us to focus on more productive projects like improving the Lightning Network or furthering Taproot features.

Actually I think a peaceful resolution is the most likley path.

The BIP has had wide review, and there is not community appetite for it at this time. There are some holes in it imho, they could tweak the proposal and come up with something better. But it might have to be a new group that pushes it.

Rightly or wrongly, 80% of the btc community is against it. There's just no way you can reverse that anytime soon. Even if you got 80% to switch, and I dont think anyone can do that, you still have enough to block it. Bear in mind you only need 6% consensus to veto all new side chains. There's a million ways to stop it, if it is the will of the community.

They wont get MASF, and even if they did, what then? You're really going to take on a $500 Bn eco system that doesnt want something with a bunch of nervious miners that dont really want to get involved in a war. Saylor on the mining committee has come out against.

Any hard fork would be crushed in a heartbeat. The trolling will die down, it will get blocked or diluted.

The BIP has been educational and asked some interesting questions. I even added a constructive proposal that might fix Paul's broken game theory. We will get stratumv2 in time, and many flavours of side chains I'm sure, and also strategies to help with the security budget.

Playing with the dials here is fun, and shows that between now and 2032 there is work to be done in hardening the tail emssion. It's good for everyone because higher security leads to higher price, and a longer life for bitcoin. Something that everyone wants.

https://www.btcsecuritybudget.com/

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Here is a pretty informative video of why people shouldn't mess with miner incentives. I recommend it to everyone to not try to invent imaginary problems or follow the narratives of those who do it:

https://youtu.be/Z2Znc5zkIhk?si=R8oDkzCL58axs8u4

Hey, where can we learn more about the 6% minority veto You’re referring to?

How did you teach that conclusion?

There is no security budget

TANSTAASB