Replying to Avatar average_bitcoiner

Drivechains creates a hierarchy scheme that has miners on the top. Each drivechain layer will have to get approval from multiple chains above it to get back to base chain.

Broken incentives.
Avatar
Sovereign Matt 2y ago

This is incorrect.

DC uses the same security model as bitcoin L1. That 51% of hashrate is honest on L1.

Except with DC you need 3-6 months of more then 75% of hashrate to be malicious. One can say its even more secure in that regard than layer 1.

It’s the same game theoretic incentive model.

If you don’t trust miners for DC then you’d should not trust bitcoin at all.

Anyways, it’s the risk is opt in for the users. If they are worried miners are all sudden to become malicious then don’t use them. But don’t stop others from using them.

Let the free market decide what a good idea is, true meritocracy.

Reply to this note

Please Login to reply.

Discussion

Avatar
BTCrevolutionary 2y ago

Why not apply this same outlook to Stacks? Let the free market decide right? If everyone wants to consider it a shitcoin because it has a token so be it but it isn’t going anywhere and will be a bigger deal than many think.

If it was a shitcoin builders wouldn’t be flocking to it and would have got washed out last year during the peak of the bear market.

I dunno it’s all good I’m not for fighting about this stuff lol. I like Bitcoin and Stacks. If the makes me a shitcoiner so be it guess…

Avatar
Sovereign Matt 2y ago

Yes it’s a free market.

People are free to use Stacks, Ethereum, Avalanche or whatever.

I am for competition and free market of ideas.

I say try everything.

All I am saying, I dont think it’s the solution. A lot of false marketing. Theres a reason most of bitcoin technical community dont take stacks seriously.