My only problem with the BIP300/301. Is the combination of words in the first sentence "create Bitcoin".
For the rest, i care little: have a ball. Do your hocus pocus. Link your shitcoins to my blockchain. Defraud as many young men as you want. You'll find a way to rob them, anyways.
Just keep your hooves of my hard cap.
Where does it say that ?
So you read "create", like that idiot piere rochard, stoped reading and interpreted it as a supply violation.
If i take a picture of you having sex with a watermelon and print it out as evidence to the police, am i "creating" you ? No dumbass. Layer two's are one layer above, they are not creating new bitcoins. The original remains in an escrow for the project. It's pegged to a "fake" bitcoin or token on the layer 2 that cannot be exchanged for more than what went in.
Its like a gold backed bank you can watch and guarantee through code and vetting, that they are not doing fractional reserve banking.
Now after reading the ENTIRE proposition, take a few ninutes to think about your life and how many mistakes you've made by not reading the whole goddamed thing.
It literally says "allows bitcoin to create BTC"... so what's more to be read?
If that's what they mean, I'm not interested in the rest.
If that's not what they mean, they should formulate their proposition better.
I don't even get how you got to the picture comparison... what I get out of it, is that they can create fake pictures of you. Claiming it's you, but you were never there.
In effect creating paper bitcoin that may or may not be the real thing. And you will only find out if you take the effort to go and verify.
So this "Bitcoin Improvement Proposal" wants to remove from the protocol the automatic verification it performs on the validity of the sats.
It is the end of Bitcoin, because it removes the only reason for it to exist. And for what? So folks can peg their bullshit shitcoins and scams to our solid blockchain.
Again. It doesn't create bitcoin, Only miners can mine bitcoin. Drivechain creates a locked "fake" token representing the real bitcoin ON LAYER 2.
This token can be redeemed on L1 for the same amount that went it. It does not create more bitcoin on layer one.
And you have an anger issue. But you were probably drunk.
