From the BIP300 Abstract:

> In Bip300, txns are not signed via cryptographic key. Instead, they are "signed" by hashpower, over time. Like a big multisig, 13150-of-26300, where each block is a new "signature".

In essence, block builders (pools) cast votes via special transactions on which sidechains to activate, deactivate and overwrite. They also vote on peg-out transactions (sidechain escrow withdrawal).

So as I understand it, miners will want to consider pools’ policies with respect to these questions when deciding where to point their hash. Not just the economics of income stream.

For example, one pool may support the activation of an NFT-focused sidechain, while another doesn’t. Miners will have to pick which pool they want to support.

Reply to this note

Please Login to reply.

Discussion

Yes miners get to choose what they want to do with the equipment they own.

Are you advocating for slavery ? Miners should be forced to support bad projects that might arise on DC ?

Miners choose to support Bitcoin and or Bitcoin cash. Is that not "political" in the sense of the word the way you use it.

Miners should not support any “projects” with their hash power. They should support the network. THE (singular) NETWORK. That’s all they need to do. Hash. Over and over. They can do so on whatever pool they want.

Politics are everywhere. Taproot was political. The question is do we want to explicitly etch it into the protocol.

it's alrwsdybetched in according to te first part of your reply. If taproot was political and any future hard or soft fork is political.

Drivechain allows political differences to not be expressed in bitcoin main at all. All political differences, improvements, features can be sidechained, and allow main bitcoin to remain the same.

It is the antidote to contentious forks.

***

it's already etched in according to the first part of your reply. If taproot was political and any future hard or soft fork is political.

Drivechain allows political differences to not be expressed in bitcoin main at all. All political differences, improvements, feature preferences can be sidechained, and allow main bitcoin to remain the same.

It is the antidote to contentious forks, and it should have been enabled a long time ago.

So you are in favor of slavery.

Miners choose what they support right now this very moment with bitcoin the way it is now.

mining bitcoin is also not mining bismtcoin cash.

Bip301 allows miners to support sidechain projects AND support bitcoin network security

Idiocy, lunacy. Modify how basic transactions are signed?!?! Don’t MUCK with the base chain! 😤

or they can use stratumv2?

but hey, now you must choose pools based on the mining protocol they support -- politics again!