Replying to Avatar preston

Drivechains

Alright people, we are playing a game of chess here. The one thing, the absolute one thing, we can't do is give up the king. To give up the king, in my humble opinion, is to mess up the base layer. This mistake would disrupt the delicate incentive structure that ensures sound money. That sound money pegs the extremely fragile credit markets and out-of-control G7 policymakers that are creating clown world with their CB fiat policies.

We don’t need the sound, pegged, money to move fast, we don’t need the money to do smart swoopty things, we just need it to be pegged, immutable, and digitally sailable to actually stop the madness of clown world.

By introducing a whole lot of technical complexity to the base layer and potentially screwing with the incentives all so we can connect to a bunch of centralized shitcoin projects is like playing offense with the king when you’re down 7 pieces and the other player still has their entire back row at their disposal.

A. Why the rush!?

B. Why not just go use Monero if you need that level of anominity in your transactions. Why do you have to have it in a wrapper via drivechains?

C. Why risk the king without deep understanding and testing of the technical risk and potential change to incentives?

The beauty of Bitcoin is you can build it and softfork it, and we’ll let the community vote with their nodes. BUT, I for one, have no use for drivechains (that doesn’t mean everyone is like me). And as a result, I will not be updating my node and running any attempted “secret” softfork updates by the miners.

there is a good reason to believe bitcoin cannot "peg" the economy into reality if it isn't accessible enough, like gold couldn't. unfortunately the same drawbacks of gold's difficult portability are translated in a way to the limit on bitcoin's bandwidth - it's trade-offs all the way down

but - LN is adding a few orders of magnitude of extra bandwidth in a way that isn't changing base layer dynamics, and - covenants based ideas such as coin pools can expand bandwidth with additional orders of magnitude, again, without changing the game-theoretic dynamics of the base layer - and without changing the original nature of holding bitcoin through control of UTXOs, on-chain or off-chain

not all BIPs are the same, it's a subject that's worth digging, now probably more than ever

https://rubin.io/bitcoin/2021/12/10/advent-13/

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