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Replying to Avatar ↗️ Promoted

Hivecoin, Jesus, more shitcoinery. And you're wrong, it does affect Bitcoin and everyone owning Bitcoin. It changes miner incentives. We don't, and can't, know how exactly, but it can lead to greater centralization in a number of ways. It's a risk that cannot just be ignored, particularly when there's nothing about DC that actually benefits Bitcoin. The main argument has always been "destroy shitcoins by enabling them on DC". I don't know any Bitcoiner who wants those degens leaching on Bitcoin. It's bad enough we got NFT inscriptions.

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83550950... 2y ago

It’s bitcoin, not a shitcoin. All coins on a sidechain is redeemable on mainchain.

But a sidechain can do much more than mainchan while never risking any of the coins there.

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↗️ Promoted 2y ago

Coins are always at risk on a side chain

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Luke Dashjr 2y ago

No, you can ask the miners to give you mainchain coins, but there's no guarantee of any sort there

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