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this video is all I know about Drivechain, I thought it was a good idea at the time, I’d like Monero on top of bitcoin for better privacy, that sounded good to me. Please ELI5, why should this not happen?

https://youtu.be/oga8Pwbq9M0?si=cSP0YhcQ98gVKLo3

Bill Cypher 2y ago

Why change? Seriously. Monero is most interesting and you can already atomic swap between bitcoin and monero at will. Services like joinmarket already anonymise bitcoin without leaving the chain.

As for why not... Do you really want people blaming bitcoin when devs of their sidechain rug them while they are locked up for 3 months? Would they be right to blame bitcoin? Fuck no. Would the press have a field day and most normies believe it was bitcoins fault? absolutely.

TLDR, Drivechains is just shitcoiners trying to affinity scam. Why give them bitcoins shine? Why allow them to smear their feces on bitcoin?

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Discussion

Devin 2y ago

This is what I was thinking. It seems like a way to bring shitcoins over to the Bitcoin network.

Bill Cypher 2y ago

Right. Supporters just assume that is good and expect us to agree. I think it is bad. I did my time as a shitcoiner when I started and I don't want to go back there.

signal_and_rage 2y ago

Ordinals tho

Devin 2y ago

Yeah, that was a nightmare. It seems like that fad faded, though didn't it?

signal_and_rage 2y ago

yes, but the point is they exist and are here now

the mining pool threat is interesting

Devin 2y ago

It's true. I might have the wrong idea about 300, but I'm not sure the benefits are worth it. I know I'm not the smartest on the subject.

Cyber Seagull 2y ago

Liquidity. Monero that can be pegged out FROM monero is something that atomic swaps can't do at the moment.

With drivechain you get the safety of the btc market cap AND the privacy of Monero.