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btcmaniak
1cd1a7d9cd9627292c3d795593063782ed81fa85faf6bc3da00347103378e250
Don't trust, verify! #Monero: 4B93jyidECXZRcPaZ7dyxFadVyxdYmMfTepoghHhiXFhRuRYGvQ2BUP9WjcEDBR5CZ1daVh6YnmGp8LRJyd1ZLZg4Er6Xmr

If activated, Drivechains can solve Bitcoin’s security budget concerns by allowing miners to collect lots of transaction fees from other sidechains they can secure.

This can also be a scalability benefit, as newcomers can get onboarded directly on sidechains and from there they can open Lightning channels or benefit from extra features that the bade layer doesn’t have (privacy, smart contracts).

But the biggest tradeoff is that miners become more powerful through Drivechains – which is a consequence that some Bitcoin users don’t want. The miners will become responsible for choosing which sidechain they activate and secure, then they must also make sure that they enable peg-outs so users receive their bitcoins back on the base layer.

My biggest criticism is that this message doesn’t get conveyed clearly on social media by Paul Sztorc and nostr:npub1nevsewvjqhrsmpfcpdqw6v3e9f6z8w9sq0yt8kpndk2cumw8g6hs5mjmve – instead of focusing on explaining what BIP300 & 301 are, they opted to trigger the most conservative of bitcoiners who don’t even bother to read long-form content or listen to long-form podcast interviews due to their susceptibility to get influenced by tweets.

Now, instead of talking about the fungibility benefits of a Zcash sidechain which uses BTC as the only currency, the conversation is stuck in the “bringing shitcoins to Bitcoin” phase.

Learn more by listening to S14 E13 of the Bitcoin Takeover podcast!

#drivechains #bitcoin #sidechain #btc #btcsidechain #bitcoinsidechain #bitcoinprivacy #bitcoinscalability #bitcoinpodcast #bitcointakeover #bitcointakeoverpodcast #btctkvr https://video.nostr.build/83570780e98de62ca40ff0bbdf15815a31054ee31f6c4f0547fa1af6f2462010.mov

Shitchains are a perversity aiming to destroy bitcoin status of a commodity

Replying to Avatar Blockstream

Good key management lies at the heart of proper #bitcoin custody and keeping your funds safe. This is why we are partnering with nostr:npub1tftc33ttam85wraffce62cgtvvjrmttquqlv6a0agtfm5nl4vues82xar5 on their new collaborative custody solution, which will feature the #BlockstreamJade 🔑

And to celebrate we’ve got 3 Jade hardware wallets to giveaway on Nostr!

To enter simply renote this note in the comments below! All successful entrants will get zapped and there is no limit to how many times you can enter, the winner is going to be chosen at random next week!

Find out how this new partnership powered by Jade provides users with a highly secure way to store their Bitcoin, and an experience that is user-friendly ⬇️

https://blog.blockstream.com/blockstream-jade-to-power-swans-new-collaborative-custody-solution/

No podcast is paying any sat on Fountain.