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Agree. And most supporters want to bamboozle you to thinking you shouldn't understand it.

Moving coins and mining capability to sidechains (cough: shitcoins)... thereby opening doors to and from the L1 Core for coins isn't exactly a small software upgrade.

You're opening the attack and bug surface in a large way for unintended events like say Ordinals or worse.

I say they should hard fork and run the project as "Bitcoin DC" - let the public decide if it's so great. 😏🤫
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jimbocoin 🃏 2y ago

Agreed.

For me, one of the least talked about effects is the new incentive for centralization.

With drivechain, miners vote to enable/disable side chains. And, importantly, disabling a side chain unlocks the funds. This creates a new and potentially large incentive for miners to centralize. A 51% attacker can sweep side chains.

Plus, philosophically, it violates the your-keys-your-coins basic contract of Bitcoin. Today, a 51% attacker can rewrite history, but they can’t take coins that belong to you without rewriting all the way back to when you got them. Under drivechain, a 51% attacker can take sidechain locked coin without rewriting history (just by building and mining specific blocks).

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nobody 2y ago

Thanks for this. The mining aspect alone is a no go for me then. This sounds sketchy and not good at all.