What's the End Game?

================

My last post advocating for a Bitcoin chain split drew various reactions. Some labeled me as irresponsible, while others claimed I was undermining proof-of-work (I wasn't) or promoting a hard fork (again, I wasn't). The critics want more technical discussions to reach a consensus.

Here's the core issue: what's the endgame for drivechains? We've debated the technical aspects for seven years. Do we expect new information that will suddenly unite everyone?

The reality is, those in favor of a drivechains soft fork aren't going away. If anything, they will grow louder. So, what's the end result of endless discussions?

Prolonged debate without consensus not only wastes time but stall other valuable updates. I'll remind you that seven years of discussion have not resolved this issue.

A peaceful resolution now has a lot of benefits. We can put much of this debate to bed by engaging the market instead of claims made by marketers. We can see whether the things promised by the advocates actually come to pass and we'll learn a lot more about miner incentives.

Of course, there are other ways to resolve this conflict besides a chain split, such as creating a separate chain, using a different sidechain mechanism, or adding the needed op codes in an altcoin. Yet, these options have been available for seven years and haven't been pursued by the drivechain advocates. I think those are better resolutions than a chain split and a successful use case would be the best way to convince those of us that are skeptical of the drivechainers' claims. But that's not what they're doing and so we are at loggerheads.

In summary, the drivechain debate isn't resolving itself. A split will end this divisive conversation and allow us to focus on more productive projects like improving the Lightning Network or furthering Taproot features.

Reply to this note

Please Login to reply.

Discussion

Actually I think a peaceful resolution is the most likley path.

The BIP has had wide review, and there is not community appetite for it at this time. There are some holes in it imho, they could tweak the proposal and come up with something better. But it might have to be a new group that pushes it.

Rightly or wrongly, 80% of the btc community is against it. There's just no way you can reverse that anytime soon. Even if you got 80% to switch, and I dont think anyone can do that, you still have enough to block it. Bear in mind you only need 6% consensus to veto all new side chains. There's a million ways to stop it, if it is the will of the community.

They wont get MASF, and even if they did, what then? You're really going to take on a $500 Bn eco system that doesnt want something with a bunch of nervious miners that dont really want to get involved in a war. Saylor on the mining committee has come out against.

Any hard fork would be crushed in a heartbeat. The trolling will die down, it will get blocked or diluted.

The BIP has been educational and asked some interesting questions. I even added a constructive proposal that might fix Paul's broken game theory. We will get stratumv2 in time, and many flavours of side chains I'm sure, and also strategies to help with the security budget.

Playing with the dials here is fun, and shows that between now and 2032 there is work to be done in hardening the tail emssion. It's good for everyone because higher security leads to higher price, and a longer life for bitcoin. Something that everyone wants.

https://www.btcsecuritybudget.com/

Here is a pretty informative video of why people shouldn't mess with miner incentives. I recommend it to everyone to not try to invent imaginary problems or follow the narratives of those who do it:

https://youtu.be/Z2Znc5zkIhk?si=R8oDkzCL58axs8u4

Hey, where can we learn more about the 6% minority veto You’re referring to?

How did you teach that conclusion?

There is no security budget

TANSTAASB

nostr:npub16vrkgd28wq6n0h77lqgu8h4fdu0eapxgyj0zqq6ngfvjf2vs3nuq5mp2va had a good suggestion to implement drivechain on litecoin. Could be a good alternative solution.

I’m in favor of a hard fork. Free Sats for me and yet another lesson about shitcoins.

How beautiful is it that unless an idea is nearly unanimously agreed to be for the public good it causes absolute gridlock for a decision that effects everyone. It's what government should look like. I dig it.

💯

What Taproot features?

You mean the government would continue to be bad and never improve unless everybody agreed? That's what we have today!

Um, have you taken a look at how many pieces of legislation get passed every year? At the local, State, federal level? If you think our government works anything like this you're absolutely insane and completely brainwashed by the msm

Only bad laws?

Laws are laws.

There only needs to be consensus to do something. Else we keep our current state. If there's not consensus to DO the thing we DON'T do the thing. That's how consensus works.

But in my research it seems we DO have consensus; the large majority of bitcoiners don't want this. I've seen polls with upwards of 90% saying they'd refuse to run the code. There's a small extremely vocal minority of people who want this. Paul has said he'd put this on testnet or Bitcoin Inquisition but to my knowledge hasn't done it. He could do this on BCash or some other shitcoin and validate there but he doesn't want to.

Fuck Paul. Fuck his sussy antics. He can run this shit on litecoin and show us there is actual demand and not just a lot of VC anxiety about the "muh utility" narrative dying and ignominious regulatory death.

Hard forks shouldn’t be a controversial option. Bitcoin survived them before and will survive them again and also I want a free airdrop to sell for more real bitcoin lmao

Let me be real clear about this. I'm #Bitcoin. Not #lightning. Not #TapRoot or #inscriptions. Not #development or #mining. I'm Bitcoin.

What is bitcoin? Bitcoin is many things. It's very low #transaction #fees. It's light, tight, robust #fullnodes that almost anyone can run and manage, If they want to. Lastly, Bitcoin L1 doesn't need to scale.

What y'all are talking about isn't Bitcoin. It's #lightning, #inscriptions, #Drivechains and other Bullshit! Some of it even sounds kind of cool. But it's not Bitcoin. So personally I don't give a shit! about it.

As far as what needs to be done with Bitcoin, the only opinions that actually matter are those of the Virtuous #fullnodes and Bitcoin loyalist. That's how #Satoshi designed Bitcoin.

He could come back and say I changed my mind, and I want all that shit in my program. But until or unless he does that, we're going to follow the consensus he designed.

I don't care how much or how long they cry about their little greed driven special interest. Bitcoin doesn't belong to them. #Satoshi gave it to us. The Virtuous #fullnodes and Bitcoin loyalist. It's ours to protect and enjoy.

We've been tolerant while numerous selfish greed driven mistakes have been made. #Inscriptions #ordinals etc have to go. Maybe #TapRoot also. If we can't close all those front doors and back doors.

The #Bitcoin #core code base has to be cleaned up and locked down. So we are going to maintain a separate Bitcoin core code base development.

This way the Virtuous #fullnodes and Bitcoin loyalists can never be held hostage by any corrupted or compromised narrow special interest.

And that's the name of that tune..⚖️👮‍♂️🧡👑🗽

Your idea was a really bad idea.

The setting of parameters should be on the side of drivechainers. Don't you think?

My crypto portfolio has seen incredible gains since I joined this newsletter group. The tips and strategies shared have helped me maximize my profits. This group is a game-changer! Dm for info.