Today, each #Bitcoin miner chooses to join a pool based on income stream. Itâs an economic choice.
Under #Drivechain, miners will have to consider how pools vote on sidechain issues. It becomes a political choice.
Discussion
I know nothing about drivechain but if what you say is true, then âBOOâ to that! Keep #Bitcoin free of dirty politics.
From the BIP300 Abstract:
> In Bip300, txns are not signed via cryptographic key. Instead, they are "signed" by hashpower, over time. Like a big multisig, 13150-of-26300, where each block is a new "signature".
In essence, block builders (pools) cast votes via special transactions on which sidechains to activate, deactivate and overwrite. They also vote on peg-out transactions (sidechain escrow withdrawal).
So as I understand it, miners will want to consider poolsâ policies with respect to these questions when deciding where to point their hash. Not just the economics of income stream.
For example, one pool may support the activation of an NFT-focused sidechain, while another doesnât. Miners will have to pick which pool they want to support.
Yes miners get to choose what they want to do with the equipment they own.
Are you advocating for slavery ? Miners should be forced to support bad projects that might arise on DC ?
Miners choose to support Bitcoin and or Bitcoin cash. Is that not "political" in the sense of the word the way you use it.
Miners should not support any âprojectsâ with their hash power. They should support the network. THE (singular) NETWORK. Thatâs all they need to do. Hash. Over and over. They can do so on whatever pool they want.
Politics are everywhere. Taproot was political. The question is do we want to explicitly etch it into the protocol.
it's alrwsdybetched in according to te first part of your reply. If taproot was political and any future hard or soft fork is political.
Drivechain allows political differences to not be expressed in bitcoin main at all. All political differences, improvements, features can be sidechained, and allow main bitcoin to remain the same.
It is the antidote to contentious forks.
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it's already etched in according to the first part of your reply. If taproot was political and any future hard or soft fork is political.
Drivechain allows political differences to not be expressed in bitcoin main at all. All political differences, improvements, feature preferences can be sidechained, and allow main bitcoin to remain the same.
It is the antidote to contentious forks, and it should have been enabled a long time ago.
So you are in favor of slavery.
Miners choose what they support right now this very moment with bitcoin the way it is now.
mining bitcoin is also not mining bismtcoin cash.
Bip301 allows miners to support sidechain projects AND support bitcoin network security
Idiocy, lunacy. Modify how basic transactions are signed?!?! Donât MUCK with the base chain! đ¤
or they can use stratumv2?
but hey, now you must choose pools based on the mining protocol they support -- politics again!
Will miners vote on things that drive users and their fees away ?
Votes on bip 300 withdraws are not votes on if it goes through. Its a confirmation that it took place.
what about the pool KYC policy? doesn't that count?