Discuss.
Discussion
time to Google what Drivechain is
Hey that’s my photo🤪
You have my sats, I have your photo, everyone wins 😂🧡🫂💜
Value for value🤣
I'm still waiting for clients to implement zap-forwarding.
nostr:npub1l2vyh47mk2p0qlsku7hg0vn29faehy9hy34ygaclpn66ukqp3afqutajft plz get it done by tomorrow or smthng
What is zap-forwarding?
Or I just add my nostr account on the photo🤣
But I believe in Pablo!
Stupid question, what is drivechain ? 😅
Following 😁
" Drivechain allows Bitcoin to create, delete, send BTC to, and receive BTC from “Layer-2”s called “sidechains”. Sidechains are Altcoins that lack a native “coin” – instead, pre-existing coins [from a different blockchain] must first be sent over.
Once on a sidechain, coins can change hands an unlimited number of times, and in an unlimited number of new ways. Thus, BTC-owners can opt-in to new features or tradeoffs. Meanwhile, the Bitcoiners who don’t opt-in, never need to care what any sidechain is doing.
Transfers from sidechain back to the mainchain (ie, from Layer 2 back to Layer 1) are not done via verifiable proof, but instead via conjecture-and-refutation. A “bundle” of transfers is asserted, and then slowly “ACKed” over time. After 3 months of ACKing, the bundle succeeds. Thus, the SC:BTC market price cannot deviate significantly from a 1:1 ratio"
My bike would be fucked without its drive chain 100%
So…we can just port all the shitcoins over to bitcoin, but it won’t clog the mempool. Did I get that right?
And just like that I need to learn what Drivechain is🤔😅
Concerning statement by nostr:npub180cvv07tjdrrgpa0j7j7tmnyl2yr6yr7l8j4s3evf6u64th6gkwsyjh6w6
Why though? It'd be interesting to follow how they came to those conclusions.
comment on the right seems a little hyperbolic
Was about to say something similar & less diplomatically worded. I think, people are already generally sick & tired of some people telling everyone, that the entire world will end soon, if we don't do this one thing (whatever the thing is), which a minority requests everyone to do.
We already have a side-chain with a monetary unit that is pegged to btc. It’s called liquid. Not sure why other side chains can’t just use this architecture if needed.
I don’t like anything that changes the role of mining to anything other than providing Proof of Work. Their role is very simple now, provide valid Proof of Work, get paid.
Adding anything else to their job description distorts incentives and its unknown what the outcomes are on Bitcoin but its disastrous on Ethereum
Adding drivechain doesn't change the role of miners...
wrong
Explain how it changes the role of miners from hashing to something else please
They also become the validators for anything that happens on the sidechains. Bitcoiners have an ethos of running nodes themselves to validate. That same ethos won’t exist on the sidechains and people will just trust the miners to do it.
If you haven’t noticed, in Ethereum they even renamed the miners to validators.
Broadly indifferent to drive chains but find the claim that people use shitcoins for the tech disingenuous and general think there are better way to achieve what we want on Bitcoin / Bitcoin adjacent systems.
Would have been nice if first someone would explain what it means.
Drivechain is dumb.
Shitcoiners trying to shit on bitcoin
Running core 20.0. just dont care anymore
드라이브체인이 뭔지 아시는 분 한국말로 설명 부탁드립니다.
nostr:note15dvrw2czaq77xtnkgeumps7nrahfx8ue68vpepc7kgv75nw8hqvq3cnupf
Seems like the entire idea is being stonewalled out of indifference. Just because we can do something doesn’t mean we should do it sort of thing.
Been curious about this myself. I don’t see why drivechain hasn’t caught on.
The first question I have would be “why not?”
I would really like to see a proper debate on DriveChains it feels like all the detractors are acting like Peter Hotez to RFK on Vaccines.
If its so obviously bad then debate and easily prove it!
It probably needs to be a panel debate of sorts, I don't think 1v1 is good enough for such a deep topic.
Paul+fiatjaf+supertestnet Vs NVK+sjors(not sure of his position on bip300)+Peter Todd
The proposed implementation is not zero trust that the miners won't steal. Drivechains proponents argue that is fine and they won't because they already don't steal. They don't get that they would if mining now wasn't a zero trust system.
Monero has the only missing value I'm ever looking for. If I need that I'll atomic swap and spend. I will never use a DC unless I see far better arguments than I've seen so far.
I have no idea what drivechain is
Somehow I have a feeling that Henry created this pic. Or at least propagated this.
So nostr:npub1qg8j6gdwpxlntlxlkew7eu283wzx7hmj32esch42hntdpqdgrslqv024kw "arguably more useful”, but how about from a security standpoint. Is it equally as secure as taproot? And nostr:npub180cvv07tjdrrgpa0j7j7tmnyl2yr6yr7l8j4s3evf6u64th6gkwsyjh6w6 you say “our only hope”….do you mean our only hope for scaling on layer 2?! Because as far as I’m concerned the “king” in this chess match is making sure Bitcoin’s SoV is never compromised on layer 1 and if that’s compromised in any kind of way the entire thing is a failure…
nostr:note15dvrw2czaq77xtnkgeumps7nrahfx8ue68vpepc7kgv75nw8hqvq3cnupf This officially becomes the peak of my photography career
Yeah. All other layers and solutions will always be work in progress and subject to be better engineered through endless iterations, letting people make their own choices on what to compromise
Miner's incentives change.
side chains does not solve the hard cap on UTXOs, it's no better scale then just litecoin for payments or some bullshit like that
only covenants can expand the amount of optional UTXOs individuals can hold
Isn't it waste of precious #bitcoin ?