After listening to nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev talk about #drivechains recently, I think I agree with his perspective.

The concept of miners voting for other coins is antithetical to the basis of Bitcoin's consensus mechanism. Human action means backing up your beliefs by taking making a clear decision. Voting is fine for unimportant things because it's a flawed a manipulatable system.

Committing to one path or another is how real value is determined. Anything less is sitting the fence. I don't have the technical background on this topic, but these decisions should be based on first principles.

What do y'all think? Is there something that I'm missing or am I completely off base in my logic?

#bitcoin #scaling #asknostr

If I had to steelman the reverse:

Basically all of our sidechain designs currently amount to this same thing. So a federated sidechain is a voting system too, it’s just permissioned. So you can know exactly who the voters are. So in that sense DC has some benefits and some drawbacks. DC is actually a novel way to accomplish this by using enormous security infrastructure that already exists, and could be a great option in the toolset for scaling.

My problem is that any changes at all can obviously have unintended consequences (cough* inscriptions *cough*). And messing with miner incentives/profitability - even in a way that seems beneficial at first glance - is extremely dangerous territory. So I’m deeply skeptical that if this isn’t some vastly superior system, with its own set of potential problems, that messes with miner incentives — where we already have an uphill battle to make them further decentralized — that it will have the momentum necessary to get a soft fork through.

Still open to all of this. But I don’t yet see a clear “ok this is obviously and vastly better to have, than to not have.”

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Great insight!

I'm solidly in the camp of "don't break our best chance to #endthefed " we've ever had!