This is a legitimate critique of the sidechain idea.
Personally I don't like liquid because you need permission from an exchange to peg out. Basically a kyc chain.
If we had a nym controlled no-kyc elements chain I'd play with it.
Specially loved your thoughts on the social pressure to conform among bitcoin influencers nostr:npub12qz56plzehejkyp4waaannmnny4y4c30j8q55a3wlk49haslga2snypdx8
fwiw Paul has a funny quip about this on some podcast where he says maybe we shouldn't test on an alt coin first because drivechains are so good of an idea it might be bad for Bitcoin if a competitor has them first
Also, ethereum is working on something like drivechains, so we might actually get to see this play out
What’s the ELI5 explanation for Drivechains?
In S14 E10 of the Bitcoin Takeover podcast, Paul Sztorc talks about the basics of BIP 300 & 301: creating Bitcoin sidechains that offer altcoin features, but using BTC instead of a shitcoin.
Listen to the full episode on YouTube, Spotify & Apple Podcasts 🎧
#drivechain #bitcoin #btc #bitcointakeover #bitcointakeoverpodcast #bitcoinpodcast #btctkvr #bip300 #paulsztorc https://nostr.build/av/6bd805515a28621b37a75db597b86b1952b1fb6fe08e6b61f011a9fff7fa6ea7.mov
not acting
I like your notes and don't want to fight with you
I'll apologize again for disrespecting your friend
I meant no offence
I like ben, just referencing the current meme on x dot com. pls no bully
I just want a zcash sidechain for privacy
you don't have to spoon feed me
you asked me to rebutt an 11 minute video, I watched it, the guy made dozens of points, I was curious if there was one point in particular you wanted me to address
Sorry if I offended you with the low iq comment, I was just referencing the current meme on x dot com
haha, you're the one that asked
drivechain haters really do be low iq tho
There's a lot in the video. Can you point to a single argument you'd like me to rebutt?
#badDCtakes
tagging to add this to my future bad bip300 takes collection
The block reward makes 51% attacks cheaper.
Hey, nostr:npub1fl7pr0azlpgk469u034lsgn46dvwguz9g339p03dpetp9cs5pq5qxzeknp & @j , if you guys are on twitter can you screen cap and store some of the anti-drive chain tweets you come across ? When bip300 is activated and works, i think they will try to memory hole and delete their bad takes.
Good idea.
I want to have a relay specifically dedicated to storing and never allowing deletion of dumb takes on bip300.
I think if we had done a better job at shaming the anti ctv people, we wouldn't be stuck having to deal with bad takes from people like nvk now (who was doing all he could to fud ctv before everyone realized it was an obvious win).
Seems the goal posts just keep shifting 🤔
Anyway, yes agree to disagree.
Yes that's right. The risk is the tradeoff made to allow drivechains to scale better than lightning.
You are wrong to think there is a flaw. Every second layer has tradeoffs. You sound like bsv people that say lightning is "fundementally flawed" because it requires wallets to be hot, or peers to be online to receive, or inbound liquidity.
The fact is all layer twos will have tradeoffs.
he doesn't get understand what a soft fork is
clueless
I never said drivechains was trustless. Just that you can peg out without mainchain nodes validating.
hoping we can change that
seems the old guard has abdicated the throne
