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The reason I’m against drivechain is that it creates additional incentives for miner centralization.

Today, a 51% attacker can’t take your coins other than rewriting history back to before you got them. But under drivechain, a 51% attacker can sweep sidechain coins by building blocks forward (no history rewrite necessary).

In addition, even in the absence of a 51% attacker, miners vote on which chains to activate/deactivate. This gives great power to mining pool operators who command voting hash. Switching pools, rather than being a purely economic choice, would become a political choice—that is, picking a pool that votes the way you want to for sidechain activation/deactivation.

RealJohnDoe 2y ago

#Drivetrains are a no-go. It would be insane. It has nothing to do with #Bitcoin. It's not Bitcoin. How would anybody in their right mind think we would assume tremendous security risk and expense for somebody else's scammy bullshit.

We won't. And any developer that tries to push it won't be developing officially for Bitcoin anymore.

After researching #inscriptions and getting other people's opinion. It's clear that inscriptions serve no legitimate purpose at this time for Bitcoin. They have to be removed from the code. Commented out, then removed.

Bitcoin is for Bitcoin. Not some co-conspirators fraudulent scammy bullshit. Inscriptions have already caused Millions in damages to Bitcoin owners and users. I suggest development act quickly to stop the criminality..💀⚖️👮‍♂️👹

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Discussion

Sovereign Matt 2y ago

I would personally love to use a monero privacy sidechain for my bitcoin.

And also Drivechains can also help scale lightning network to reach billions of users.

noKYC ⚡︎ 2y ago

He wants monero privacy 🤣🤣🤣🤣🤣

Sovereign Matt 2y ago

Well it’s much better than a transparent global ledger that my friends, family, employer, the state and bad actors can easy track.

No kyc only works if you have no plans to spend your btc.

nobody 2y ago

This is very true. BTC is transparent by design. Whether you like it or not. A flaw? Maybe. But it is what it is.

Sovereign Matt 2y ago

Even Satoshi on bitcointalk said he thinks bitcoin would scale via merge mined sidechains.

By keeping main chain unchanged and using sidechains to get scalability, privacy, payments and smart contracts etc you solve the blockchain dilemma. It’s why I like BIP300.

noKYC ⚡︎ 2y ago

Not a bug, a feature.

Lethal Lee 2y ago

Not following the logic here. non-kyc in my mind is ideal for spending. No one knows it belongs to you.

Sovereign Matt 2y ago

Not every transaction will be online with pseudo-anonymous people.

You will have to spend your btc in the real world one day with real people with real names lol.

noKYC ⚡︎ 2y ago

No one will transact onchain in the future, only lightning.

Saberhagen The Nameless 2y ago

88ie17rS4CpRvT2MMRL1VLiBMaZxFDhBVRB1C1oTcVCmHo3fUQ3B66Qiiva5ecRaqCSvsbZFWy3HJgEx2ZDDFrR7Lv2LbQc

Let me know how much Monero I have in this wallet

Goodluck🤙

noKYC ⚡︎ 2y ago

You are everywhere lol

Ike 2y ago

So why not use monero instead of advocating for features which could ultimately endanger the store of value quality of your preffered store of value?

Don't you people understand the most fundamental use-case of bitcoin?

Sovereign Matt 2y ago

I understand the fundamental usecases which right now is the digital Gold narrative.

I like drivechain because it’s means btc can be more than just digital gold.

Bitcoin can also have optional privacy, can have scalable payments and expressive smart contracts for bitcoin financial applications.

To me it’s a no brainier.

Telling me to just use Monero is admitting bitcoin has a superior 😂.

Ike 2y ago

It's not a contest, but a trade-off - if bitcoin was as private as monero it would also be worth as much because nobody would be able to verify the supply. Seems like the market values this feature highly.

You need to read the whitepaper again, mate - you're dreaming of ethirium while shitting on bitcoin with this monero nonsense. The stuff you people go through to not use cj/jm...

Sovereign Matt 2y ago

Bitcoin mainchain will always be a transparent global ledger.

With BIp300, everyone will be able to see how much bitcoin is on each side chain. On a privacy focused sidechain you would know how much BTC is on the sidechain, you just wouldn’t know who owns it.

Anchorite 2y ago

Why have a government that just protects our basic rights? Why not have a government that solves poverty? Ends pollution? Annihilates war? Eradicates sickness?

Why don't we have a government that takes care of our every need from cradle to grave? And of course you will need some guidance on what to think...

Cyber Seagull 2y ago

Bitcoin with Monero on L2 is like Icecream + sprinkles. Each are great alone, but together elevate eachother.

If you don't want sprinkles, thats ok, its a soft fork, business as usual for you and your regular bitcoin use.

It also creates a way to integrate any possible future bitcoin killer. You can claim none will ever exist, but you can't know that for sure. Paul describes DC as a lifeboat.

Ike 2y ago

You misspelled hard fork - no drivechain code will be running on my node.

Cyber Seagull 2y ago

I think you overestimate your importance

j 2y ago

lmao