Coins are always at risk on a side chain
Can you explain the implications?
Yeah, we no longer have a neutral Internet. A large reason for that is the lack of cost. VPN addresses are blocked largely because they're used in DDoS attacks, and SMTP is no longer an open protocol because of spam.
The internet should not be free to use.
It's a chicken/egg problem. Merchants should be all over this, due to irreversibility and low fees, but no one takes Bitcoin seriously. It's just a volatile asset in most people's minds. And as a consumer I like that I can reverse a transaction if the merchant doesn't deliver what was promised, and the 1-3% cash back doesn't hurt either.
We're fighting an entrenched legacy system, and until enough people are denied access, it's an uphill battle.
That's why the developing world will embrace this before the developed world.
Mint the coin?
I thought nostr:npub1cn4t4cd78nm900qc2hhqte5aa8c9njm6qkfzw95tszufwcwtcnsq7g3vle already did this?
As part of the scaling and drivechain debate, I'm just gonna say this:
If Bitcoin ever takes over the world, and I see that as inevitable, Visa and Mastercard will take care of the scaling.
(they're credit cards, so the trust is reversed, no custody risk)
Why am I getting such strong shitcoin vibes from the drivechain pushers? It seems to be all about replicating the worthless shit being built on Ethiriun
Hivecoin, Jesus, more shitcoinery. And you're wrong, it does affect Bitcoin and everyone owning Bitcoin. It changes miner incentives. We don't, and can't, know how exactly, but it can lead to greater centralization in a number of ways. It's a risk that cannot just be ignored, particularly when there's nothing about DC that actually benefits Bitcoin. The main argument has always been "destroy shitcoins by enabling them on DC". I don't know any Bitcoiner who wants those degens leaching on Bitcoin. It's bad enough we got NFT inscriptions.
What is hivemind and why does Bitcoin need it?
The only reason I hear for drivechains is so we can get all the shitcoiners into Bitcoin. Do we really want that? We're changing the incentive model of mining so a bunch of degens can do their scams with Bitcoin?
This is either the best produced hoax I've ever seen, or real.

