How do the miners steal ? Give a precise technical explanation .
Discussion
They can use the peg out mechanism which is no secure way to get your coins the bip300 is more like a trust me bro transaction.
When two large mining pools vote for a peg out no one can block it if they have 51% of the hash rate.
When less than 50% of the miners support a specific chain a peg out is not even possible.
Also bip300 leads to mining centralization. Because you have to validate the sidechains. That’s not possible for small miners.
As I already said, it’s complete bullshit!
Miners can't vote to peg out
Sounds like you haven’t understood how the peg out system will work with bip300 🤡
You should support it harder 😂😂😂
How do miners vote to peg out ? I asked for a specifics.
Their vote is a POLL vote to confirm the peg out which is initiated by the side chain.
NOT ON whether or not the peg out is made, or goes through.
If a peg out fails, nothing is lost or stolen. The transactions are bundled and tried again.
What do you mean by chain ? You mean a specific chain history on the sidechain ?
Miners don't select those.