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AJ Nobody ⚑🏴
682558c5521ffd22a91a12e256dc9084997f7cb4b05c4985aa9a5c5ebfa011f2
Keep calm and stack Sats. Bitcoin only. Don't trust (even me), verify. This is the way. Schadenfreude commentator. Meme apprentice with no guild affiliation.

There seems to be some rabbid fanatics on both sides.

Grateful you took time to explain the upsides.

I will continue to explore them and the tradeoffs.

I hope all BIPs can be judged on their merits.

It's extra tough these days, in the wake of unintended consequences of Taproot(and SegWit apparently).

May we all band together to expose the BRC-20 shitcoins, and find as many non-technical (or non-rushed) solutions together.

Then calmer heads might resume discussion.

Replying to Avatar Sovereign Matt

You can keep bitcoin core perfect as is.

Bip300 just enables a simple opcode that allows for hash rate escrow so miners can execute a peg out from sidechains without any middle men involved like a federation. (can be removed later if people don’t like it).

The benefit for Devs is they can test all there crazy ideas on sidechains without affecting mainchain. Leading to more innovation, better security and brainpower working on bitcoin. There’s no politics with Bitcoin core devs. Sidechains devs will compete against each other but Bitcoin core will focus on their work on core without distractions of soft forks proponents.

The benefits to users is ability to scale selfcustody to billions, since sidechains will compete against each other for users you can expect the best user experience, fastest, most private, will likely gain the most adoption. Making onboarding adoption easier instead of recommending custodial lightning wallets like we do now.

One of advantages sidechains have over lightning for scaling is sidechain transaction fees are not dependent on L1 fees so better experience and cheaper transactions for users.

Privacy is essential for an open society. Privacy is true freedom. If bitcoin privacy like coinjoins becomes too expensive to use then private transactions will only be used by the elites who can afford instead of the plebs. Plebs deserve the best privacy technology to protect themselves from those who have ability to abuse their power. It’s unlikely btc will get better privacy on L1 has its very political change but you can get Ring Signatures, Stealth Addresses, Confidential Transcations and End-2-End encrypted transactions via zero knowledge proofs on Sidechains.

For me the privacy is the most appealing part as I can’t see any other BIP offering such proposal for users.

Good answer, thanks Matt.

I'll table potential trade-offs for now.

What does 301 add?

My understanding is DC is both 300/301.

Take THAT!

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Maybe it's more of "they remove this feature in their product."

What they do doesn't affect p2p outside their custody.

It's like a wrapped Bitcoin token

(Paper receipt for Bitcoin someone else now holds)

Just a shitcoin with more official credibility.

The attack is expensive to sustain.

Cut off the BRC-20 payday, you diminish the ability to ask uncle scam for more money.

#m=image%2Fjpeg&dim=725x725&blurhash=U9B3sYItVsE100tRxtWC%7EqRjNGxu%3FGe.xts%3A&x=6ff98f6175b65ac3cf498ad88113d34ed9b35404aeec86a4b4e1e0e26058a50a

#sailing #memes

It's harder than you'd think.

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Guilty pleasure; another time through

The Hobbit.

Serious question:

Is there a use case to BIP 300/301 (Drivechains) that ISN'T putting more shitcoins on Bitcoin?

Absolutely nobody:

Shitcoins:

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Way to fresh template!

#m=image%2Fjpeg&dim=600x500&blurhash=%3ByKd-w%251xut5t8R%2Bt8Rlxu%7EqR*RkWCRkayaxofWBtSNGj%5Da%23oboeoes%3AWCxvWCt6j%5Ba%7Cj%5BR*WCayozWBaxaya%23j%5Bayj%5BjsM%7Cj%5Boej%5Bj%5Bayj%5Bj%5BayM%7Bj%5Ba%23aya%23ayj%5BayofRij%5BWWWBj%5Bj%5Bj%5Bj%40j%5B&x=a6a57e38c29dfa1dc805d911c8025f5b19cb2ad4a16fc0304ac9496dbab56d0b

Sort of.

Like 348 pages of deposition is the first I've seen.

Not a concise list of assholes per se.

But they had FUN doing it.

#m=image%2Fjpeg&dim=722x910&blurhash=_pN%2B-Gogt5NIjbs.n%7E%7EoWAozoJayj%5DbItmR*R-s%3AjZWVbIJXj%5Bn%25fkoLf6oJo%24R*oIaykCj%5BazW%3Dj%40fkbHbIjuayWBjYj%5Da%7Bjsj%3FayWYbIkCayoJj%3Fa%7CbIayaxfkaybHj%5B&x=becfd5b6983312dc6eda791d5d165afadde4981a26d9c975fd4504dea2130abc

FML if I can't FIND the list anywhere though.

Just weak click-bait as far as the eye can see.

I still miss the Rekt bot.

Watch the liquidations real time.

#m=image%2Fjpeg&dim=720x477&blurhash=r37v.V.9Ek%25NFdV_EfV%40EL%7EX%5E%2C-W%24loNR-I%3BJ6EL8H%3D%7D%3DMxbwNNaV%5BI%3AR%25RlS5S%24NxRkWBe.nixD0KELOrIoV%40jYsmw%5E%24%254-9ZELEeNGjFw_%24j-V&x=5a5ddf56298cc19151d031a8d20c680b3060726ee69f54d5af8d07720132cdf8