Nostr Web Client

On whether or not regulators would be against or in favor of #Bip300, I think the strongest case to be made is that they would certainly be against it.

Think about it. Bip300 could enable a #drivechain that allows bitcoiners to anonymize their #BTC through a trustless setup.

Regulators hate #privacy #crypto like #XMR but maybe they can live with it and afford to force exchanges delisting because the #Monero brand isn’t as strong as the #Bitcoin brand but imagine combining strong privacy with the reach of the Bitcoin brand. It would seem like a regulatory nightmare.

Regulators definitely don’t want a private Bitcoin to see the light of the day and for this single reason they would oppose Bip300 not support it.

His_Name_Was_Robert_Paulson 2y ago

Dude, we have Atomic swaps….

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His_Name_Was_Robert_Paulson 2y ago

Hows that for a logical mind…

LogicallyMinded 2y ago

Atomic swaps are complex to use and lack liquidity. A private #drivechain will have the potential to be more widely adopted.

His_Name_Was_Robert_Paulson 2y ago

lol, so instead of working in the system conditions presented and innovating. Like making clients to streamline the complexity of atomic swaps (which would increase demand and liquidity). you rather force the system rules to change for you because you know whats best....

3 logical terms come to mind when I hear about #diechain. ego, greed, and opportunism. innovation needs to be organic. this is not.

LogicallyMinded 2y ago

How is #Bip300 not innovation that happens organically?

If in your view it doesn’t then, it mean that the process of creating, debating and implementing proposals on #Bitcoin isn’t organic which wouldn’t be an issue specific to the #drivechain proposal.