Drivechains? Not on my node.
Maybe next century. #Bitcoin
Discussion
If you're not going to write something coherent on the topic, what's the point?
I’ve read up on it, and do not see a benefit that warrants the complexity risk.
My node will not be making any changes until I see a clear benefit that warrants the risk.
Why was taproot worth the risk?
I’m not convinced it was.
Historically, BIPs have been pushed through too readily. Better to err on the side of caution as there’s nothing that direly needs fixing in Bitcoin at the moment.
Taproot was pushed through with basically 100% approval from nodes...
& It is definitely necessary,
multisig can now use the same address type as single sig & using FROST can enable collaborative transactions that allow for like kind outputs as well.
Helps with multisig blockspace usage too.
Ps. I don't have an opinion on drivechains yet, just think people group all these changes as like kind when they're not.
Segwit & Taproot - I'm a huge supporter of both & grateful we didn't resist change just for the sake of it.
That’s fair.
Segwit and Taproot did both turn out alright as far as soft forks go, at least so far.
Still, each time complexity is added, unknown consequences are introduced. Taproot introduced Ordinals, which had issues, and resulted in plebs getting scammed. Not a danger to the protocol, but still an unseen result of the soft fork.
My point is, unless a soft fork is direly needed, why risk it?
Not saying I will never accept Drivechains on my node, only that I don’t see the reason to push it though rapidly. Let’s wait until next century unless it’s absolutely necessary.
The Ordinals fiasco showed us who actually understood Bitcoin's block dynamics.
Some people wanted to change the code immediately & focused all their energy in meaningless tirades.
It also helped the advancement of the Lightning Network - as it showed what a volatile & expensive fee market looks like with respect to channel size.
We wouldn't be zapping without Segwit, in fact, we'd be stuck with fees just as high if not higher than the environment during peak Ordinals.
That means we'd essentially be claiming that only the store of value narrative really matters, as fiat is used as a medium of exchange anyways.
Sounds kinda shitty for the people who need it the most, even if it were to be the premier savings tool for the wealthy regardless.
Have yet to hear any arguments for you about Drivechains.
The taproot + Segwit debate has been settled for some time.
Well, people have been clamoring that one of, or both, we're a mistake.
Even as recently as the latest anti-drivechain arguments using it as a talking point.
Having a framework for Bitcoin sidechains is intriguing,
We could be developing tools that allow for features that will attracts users & actually help those people achieve whatever it is they want.
Creates a supply & demand dynamic that avoids classic funding pitfalls.
But as I stated above, I haven't formed my opinion one way or the other (yet).
You seemed to have formed yours! Which is why I asked 🤝.
Oky, i appreciate it. But... Still xD
I've been discussing the topic with a few of the drive chain supporters and read up on it. I'm not sure if it requires much complexity aside from a new transaction type and the risk associated with it. The most coherent benefit I see is that it would provide a monero side chain validated on bitcoin, or other features we don't want to pollute block space with, maybe we get a near term solution to covenants that doesn't put the main chain at risk and let's us test the space out with real bitcoin value rather than litecoin or a testnet. I'm still trying to come to a conclusion on this, could you elaborate on your concerns?
Yeah because you can't have an auditable supply if you mask everything,
Hence wanting a privacy sidechain for anyone who wants it.
Also you prob wouldn't want the monero setup, most likely some combination of zero knowledge proofs & mpc to avoid a trusted setup.
You are saying that with a Montero side chain, there's no guarantee the peg would actually hold? I think that is kind of the idea behind being able to pull out of a sidechain, but I am somewhat concerned that a sidechain comes along that gathers mass adoption and then turns out to be flawed. I think we need a clear vision for what bitcoin as a base chain should be able to do first.
Taga o gajo!! 🧡🧡❤️ nostr:npub180cvv07tjdrrgpa0j7j7tmnyl2yr6yr7l8j4s3evf6u64th6gkwsyjh6w6 #nostr
#means #haha 🤙🫡
drivechains?
never heard of her 🤷🏻♂️
Drive chain is not a node technology so 🙋♂️
he doesn't get understand what a soft fork is
clueless