The debate about Drivechains is mode political than it is technical.

In practice, every sane bitcoiner wants real sidechains to provide privacy, scalability, speed, more advanced scripting languages, and the opportunity for everyone around the world to own a UTXO and self-custody it in cold storage.

A Zcash sidechain would contribute towards fungibility. A big block sidechain can be used to open and close Lightning channels at the lowest price. An Ethereum sidechain can attract some projects that want to port their code to a more secure Proof of Work chain.

Lots of shitcoins would lose their purpose and get drained of use cases. The exchanges would no longer act as scaling layers to the same degree, as the users won’t have to worry about high fees for their withdrawals.

The 21 million BTC limit also remains unchanged forever, as the fees coming from sidechains would cover the security budget. No more discussions about tail emmission or inflation.

But the issue is that miners refeivr godlike powers in these sidechains and can potentially refuse to release the funds to users or else steal. According to the game theory, miners should follow the economic rationale that maintains their reputation and keeps their revenue source flowing.

But it’s hard to have guarantees when you deal with dynamic actors that follow their incentives and might think short-term.

Lots of parties don’t want miners to gain even more power/control. But the issue is not shitcoinery, that’s only the lazy deflection which doesn’t excuse anyone from not reading.

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Shitcoins don't have a purpose to lose.

Yeah give the miners more power, totally not what Governments and Blackrock wants, they become comoditized (not a good thing)

Sometimes the 80 IQ takes are still the best

It's also philosophical. Is bitcoin democratic money, thus fiat, or is it freedom money.

Every anti-sidechainer has so far been a closet authoritarian or ignorant aboit the project.

How can they steal vlad. Describe it ?

"Lots of shitcoins would lose their purpose..."

Their purpose is seignorage, first and foremost. Drivechains do not fix this.

Straw man

Zcash is really great for privacy, but ZEC the shitcoin has a premine and a dev allocation/grant.

Imho, everyone who starts using it today does it for the shielded transactions and not for the grift. If we had such a Bitcoin layer, it would help with monetary fungibility by making blockchain analysis more of a joke.

I haven't seen a single explanation for why I should want this. I HAVE seen corporate interests and shitcoiners pushing it which tells me a lot of what I need to know. There's a very small vocal minority of folks who are pushing this. Nearly everyone else doesn't want it. Bitcoin Core devs saying it's deeply flawed.

I think the pro arguments would include privacy and scripting related side chains, and a place to test upgrades in bitcoin that carry economic weight in bitcoin. I'm of the opinion we should first really find consensus on covenants, cross input signature aggregation, upgrading tapscript and stuff, and allegedly we really haven't finished exploring what tapscript gives us today so that would be a good start. I worry that drivechains would disincentivize upgrades to bitcoin itself.

There are even bigger corporate and governmental interests for Bitcoin to not scale so millions of users get onboarded via exchanges and never leave their custody due to high fees.

These parties would also be unhappy if Bitcoin gained more privacy/fungibility. Think about the million dollar blockchain analysis contracts that will look silly.

Controlling a majority of the miners is not that easy.

The thing holding back onboarding is not fees. It's confidence. The thing holding some folks from self custody is not fees. It's (perceived IMO) complexity or risk associated with self custody.

Mix in these shitcoin sidechains and I almost guarantee people associate Bitcoin even more with affinity scams, rug pulls, etc. This is a solution in search of a problem. Or worse, it's the same shitcoin arguments wearing a trenchcoat and tophat of needing to scale Bitcoin when we already have real layer 2 solutions like lightning for scaling, privacy.

It’s similar to pegged btc.

No

problem dari drivechain:

"But the issue is that miners refeivr godlike powers in these sidechains and can potentially refuse to release the funds to users or else steal. According to the game theory, miners should follow the economic rationale that maintains their reputation and keeps their revenue source flowing. "

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