Replying to nobody

Interesting. Stacker news ran an AMA today about Drivechain and some other bleeding edge ideas. I'm pretty opposed to drivechain but the AMA really challenged some of my ideas, gave me new ones and of course confirmed others.

Bitcoin as a P2P money in a merchant setting just hasn't happened. At all. Bitcoin broke into the collective conscience in 2017-2018 IMO but in the following 6, almost 7 years merchant acceptance is painfully slow to uptake. Not enough has been built. So much attention elsewhere.

I agree with some of what drivechain is trying to do. Build out Bitcoin.

I'm still not for modifying L1 on unproven untested theory. But I agree with some of the ideas here.

Liquid is good but it's a totally custodial trusted peg-in system.

Lightning is cool but has issues too.

Bitcoin needs to be built out at the scaling layer since we kept blocks small. And retail needs to be pitched harder to accept it.

9e
nobody 2y ago

What an awesome write-up! ☺️Thanks for posting this, if you're interested in learning more about Drivechain, we're having a Twitter Space every Friday, 1 pm EST. Also, here's some informative links:

http://Drivechain.info (Paul's blog)

http://LayerTwoLabs.com/FAQ (our site)

http://Drivechain.xyz (a fan site)

Hope to see you tomorrow!

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