I do not know enough to have a conclusive opinion, at least yet, whether drivechain is a good or bad idea.

I will say this: I find the rationale shared by drivechain proponents to be... quite reasonable. Convincing to me, I'd say.

At the same time, I see many bitcoiners, including people I respect a lot and consider experts and leaders of the movement, being strongly against it.

I so much want Bitcoin to succeed.

My life's future and savings depend on it.

I want Bitcoin protocol and network to stay safe.

At the same time, I like things like privacy and scale ideas promised by drivechains.

I'm unsure I understand or can evaluate the risk or validity of key reasons against this BIP.

There is this miner incentive thing, perhaps the biggest one, hard to predict the impact.

And this risk that people will receive Bitcoin on drivechain and will find out this is not real on chain Bitcoin. I'm less worried about this.

Anything else?

I see a lot of people reacting negatively to it.

And, while, for sure it means something, I want to understand the rationale against it.

Well, that my current thinking about this.

In short, I need to learn more I guess, to form an opinion.

Reply to this note

Please Login to reply.

Discussion

Miner risk is isolated to participants, not bitcoin in general.

The people who's opinion you trust often have a conflict of interest. Consider that, when judging their statements.

Many are funded by or have close relationships with Blockstream who stand to lose their investment and research hopes in Liquid. DC is an open and more private type of Liquid.

Others have their own pet projects they claim will offer the same features, but DC's code is ready now.

"At the same time, I see many bitcoiners, including people I respect a lot and consider experts and leaders of the movement, being strongly against it."

Have you ever checked out our friends page? https://layertwolabs.com/friends

Same, very perplexing to see seemingly smart people like odell and peter todd be so adamantly against drivechains. Seems they just repeat a lot of easily disputed talking points: "shitcoins on bitcoin" etc.

Weird