Replying to Avatar Ronin

How would you know if the musig isn't all the same person? In btc now there is fedimint where it's custodial musltisig and the purpose is to build trust based communities of this federations, if you are going to have to always put trust better be with people you already know and trust.
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Naval 1y ago 💬 2

Fair point. Sybil multisigs. Ideally there’d be an on-chain reputation system with longevity and successful transaction history. But that starts getting fairly complex.

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Willem S 1y ago

What you’re trying to envision is what the spiderchain is doing. Botanix Labs is building this.

Eg decentralized multisigs where >10.000 nodes can participate in.

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Chris 1y ago 💬 1

And pay thousands of dollars for the privilege to run a node. Don't forget that part...

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Willem S 1y ago

Bitcoin on it’s base layer should be capable of being run by every person in the world.

That doesn’t make sense for Layer 2s