Lmaooo I didn’t realize he was still tagged in this chain. Sorry Matt, I’m clearly still learning here being in Bitcoin for 6 years now
Discussion
Lol I had no idea either. Be funny if he makes a video about this thread.
I believe Matt already covered Deivechain. So we might get a pass. 😅
In my opinion dc are just a revisit to colored coins.
Guess what we don’t use them now either.
🤷🏻♂️
I think colored coins were shitcoins like a new tokesn were issued.
Whereas drivechain sidechains are just pegged BTC on layer 2. The native currency BTC.
No you locked bitcoin up to make colored coins.
Doesnt Bisq have coloured coin used for governance on its p2p exchange?
Its not BTC, I am pretty sure its a different token. I could be wrong.
Only use bisq for btc & xmr
One difference for sure is that coloured coins are issued on Bitcoin mainchain/L1. This is not scalable or efficient way to use bitcoin blockchain.m 
My apologies colored coins are made from bitcoin transactions.
No worries. It’s been a few years since I checked. I forgotten to how they work.
If bitcoiners want to shitcoin they can use Ordinals, Inscriptions, BRC20 tokens, Taproot Assets on LN, Original Pepe bitcoin NFTs, Tokens on Rootstock, Tokens on Liquid, Tokens on RGB etc.
Bitcoiners are not interested in shitcoins for the most part.
I personally dont think DC is going to create a shitcoin casino. I think it will actually enable useful features, market places and apps for bitcoiners.
You kinda just proved my point why we don’t need drive chains.
Look at all the tools built already & we don’t use them.
I believe we dont use them because they are dog shit tools lol with so many limitations.
They are either centralised, federated, require custodians, and very slow/expensive to use with bad UX.
That’s my thought.. everyone was talking about Liquid this way years ago and now we have it and do nothing with it
Still not sure why we haven’t lifted the block size or done Segwitx2 at least
Just flip a switch & lower fees make more room for whatever type of transactions to collect more fees for the miners like it was intended.
It’s really not that hard guys.
Liquid is federated with unknown group of federation members who can steal you bitcoin at anytime if they wish to collude.
Liquid doesnt offer much, 1 minute for transactions to execute which is very slow despite being 9 minute improvement on mainchain.
Liquid has confidential transactions which can still be traced so the privacy of Liquid is nonexistent.
The apps on Liquid are limited. The only app I see being cool is the LBTC and USDT AMM pool. Could be used to hedge your bets to convert USDT to Bitcoin without using exchange. Since the network effect is low, liquidity is low making slippage a problem when using these AMM pools.
Liquid lacks a network effect due to being a permissioned network, slow transactions speeds, lacks privacy and lack of applications.
There is no guarantee DC will succeed.But there is equally no guarantee any L2 succeed. But I am of the view its better to “try and fail” than “fail and never try”.
So, do you like liquid or not? 😂
Never used it
His video today ended with talking about BitVM saying a video is coming out about it tomorrow as a better idea to DCs. I like to think he’s seen this thread 😂
Maybe he should wait til Robin Linus and Paul Sztorcs discussion on Friday twitter space. Could be interesting. You don’t want to say anything dumb prematurely.
Think I saw that one, I try to watch every episode of his lmao. He didn’t really go deep into the technical side of drive chains but he basically warned against changing anything at the base layer
Yeh he said something like bitcoin should be digital gold not be a Swiss Army knife.
But with bitcoin + BIP300 you can have both. It’s not either or. You can have digital gold on layer 1. You can have the Swiss Army knife on Layer 2s/sidechains.
Mr. Kratter, if you’re out there in the Rockie mountains watching over this hellthread please address the concerns brought up about lightning and implementing DCs to sub as an improved medium of exchange to lightning, and if possible help form an opinion further here for your viewers with the tradeoffs between DC vs lightning. a lot of bitcoiners are pushing this off and eventually will come a time where we have to make a decision to run this software on our nodes or not. Would bip300 affect L1 and how? What are potential failure points to DCs? See rest of thread for other concerns