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Heard about it, never looked into it. I've seen mixed reactions. I'll check what I can understand.

I'm just not pro altcoins because they have no value outside their unit of mesurement for energy/time/utility/scarcity. There is no sense to have different unit for the same concept. Just as having both metric and imperial unit have no utility.

We just need ONE monetary unit with the best attributes, and we know there is just one.

BTCapsule 🏴 2y ago

Right, I agree with all of this. Bitcoin IS that one monetary unit. A sidechain is not an altcoin. It is bound by the 21 million and hashing power of Bitcoin.

You do not exchange your Bitcoin for a Monero and use their blockchain. You exchange your Bitcoin for a Bit-Monero that could have additional features and you can run your own node. When you convert back to Bitcoin, the Bit-Monero is burned.

It just steals all the altcoin’s technology and makes any potential use-case obsolete on anything besides Bitcoin.

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Discussion

tek 2y ago

Got your point also reading the other comments you made, at first it looked like a s***tcoiner take. My fault!

If we could bring here more Monero dev it could really help.

I'll watch some more videos about Drivechains, but, until I get a solid studied opinion, I still give much respect to Saylor point.

He knows what he talks about and he have more skin in the game then anyone else. I just don't get the people that are against him.