Now add eth's value increase and market cap and see how dumb your drivechain take is.
Solo Eth never needed to happen, it could just have been another sidechain but backed by bitcoin. This is called opportunity loss.
It's not like that at all. Drivechain is like Michael Jordan inviting the air force to carpet bomb the competing teams hometown. They might still play the game but we've already won. (Because bitcoin can now do anything they claim to do, but better)
Drivechain has a zcash implementation, so....
It does not don't worry. Also check out RGB another great project (they don't like eachother)
But like you, i'm here for better bitcoin, but can read code.
Drivechains fix inscription on mainchain. This os a perfect example of toxic to the point of poison
Bitcoin may not need it.
Let's assume it does not.
Hivecoin is a truth oracle powered by prediction markets.
Let's also asume only one person wants that and you do not.
DC allows bitcoin to stay the same but allow those who want hivecoin backed by their bitcoin to do so.
Bitcoin is the pastry cone, DC is the flavor of icecream. If you want vanilla, keep your vanilla. Bip 300 hundred does not affect your cone or vanilla flavor. But some people want strawberry, or chocolate. Me choosing chocolate does not take away from your vanilla.
In the terms you use, it is not melting bitcoin or reshaping the katana.
Bip300 places x amount of bitcoin aside in a trustless bank, that can be taken from, if you want to leave the side chain project. Like using a house as a security against a credit card. It puts skin in the game where altcoins and other blockchains can just rugpull. This is the hashrate escrow.
Bip301 allows these other projects to mine their POW blockchain projects alongside normal miner block mining of bitcoin. This is BLIND merged mining.
These are two halves of DC and Paul's vision and research into what bitcoin could do. But we in the Pro-Dc camp would be happy if even just Bip 300 was adopted. we feel BIP 301 would be the logical extension for pow sidechain projects, but that can come later if it needs to.
Lets just focus on what Bip 300 enables. It allows the katana to keep being a katana. But after a softfork, (the soft is important because it means everything stays the same and is backwards compatible, like playing ps1 games on ps4) the katana is also now a machine gun, ready for world war 2. It can, if technology advances, also add surface to air missiles. This doesn't work with physical objects, hardware, but it does with software. We do not know, like the old samuras what future advance makes us, btc obsolete. Dc alows us a way to respond to these innovations AND keep the bitcoin we love.
Things you might want to add are a monero like simple privacy experience, or zcash like features. There is even an EthSide on Dc so their version smart contracts, if you want. All backed by btc.
if there are security holes or threats to bitcoin, technical arguments should be made on the open source proposal. DC has been around a longtime and these arguments have been answered for years already. All that's left so far is FUD. Big players stand to lose market share if BIP 300 is adopted. Names like blockstream and liquid (because its the same thing but open to you and not just big companies).
The project is open to real critisism, technical or game theoretic. But they must come from people who actualy understand DC first. Most people at this stage in the debate are dismissing it right away.
What is the mumbo jumbo you don't understand. An example ?
So you prefer updates veing pushed by a completely different private company and faction. Liquid/blockstream among others.
Drivechain allows ascension above any one company or group of companies with te resources to pay devs and talent in their favor. It's more in line with what you think Bitcoin is but isn't
You should have stopped at the first sentence. DC does not allow the rest, it is anti shitcoin.
That's like saying car makers in the 19th century fighting and not building new cars was a good thing. Drivechain allows actual building so the real fighting can take place. User serving market competition.
This fighting is unproductive, either DC is accepted or core because weaker. Dc allows any future fighting to take place off-chain and outside the priesthood. As it should be.
Liquid stands to lose if DriveChain is adopted.
RGB funded by USDT stand to lose if Drive chain is adopted.
This explains non-technical FUD arguments and ad-hominem trolling towards DC, by bitcoin influencers. Payed opposition.
Nonetheless, there is technicaly skilled support, and years of replies to these old tired arguments against Drivechain.
You know who's paying DC FUD ? Liquid/blockstream and competomg projects like the RGB crew. RGB is also great but their args against DC have been spiteful ad hominems.
DC relegates Liquid to a counter party country club. Follow the money.
Well then, you are not paying attention, because there are many more.
It does the opposite. It opens one gate to funnel an attack through. An attack you can see for months down the line and prepare for.
Right now, we do not know where any attack might come from. We can keep handwaving away competing projects up until one kicks us in the nuts, or some internal error or consiete undoes BTC.
RGB is great for example, but it is playing catch up with all the proof of concept and market/brain/money theft Eth has taken away in the interim.
Drivechain allows us to experiment with any new proposal, keep core safe and say to any other project "we can do that,but better".
it is a moat around bitcoin that allows a strategic drawbridge
If it helps, DC democratises what liquid does. So instead of having to apply to the Liquid consortium, you buy into a sidechain project for the same speed. There are many other ressons. Another is, adoption of a present or future tech that would ptherwise need a hardfork to implement. Such as zcash or monero. Dc enables experimentation without threatening bitcoin core.
Could be a psyop to test the waters for such a move. Its sort of pavlovian, a response toni inflation and civil war rhetoric. North of Richmond/Trump indictments. If people get too out of line they can just start ramping up the mask hysteria again and punish people. Just mentioning gets the blood boiling of the type of person they want to control.
Shit...i think RGB might be better than Drive chain.
