No, to all of that.
Miners vote on a bundle hash the way you and your friends vote for pizza night being next tuesday. Its a pass or fail. If the bundle does not go through, nothing is stolen, transactions inside are delayed temporarily and an attempt to go through is made again.
It is not a vote in favor of one bundle over another.
they will eventually go through because some non-trivial number of miners will eant them to (to collect the fee)
Nothing can be stolen as the transactions are sidechain side user initiated, and their contents blinded.
If one bundle does not go through to prevent a specific transaction, miners do not know if that that is actualy in a completely different bundle seeking votes, or a future one.
Example: i want to peg out. The miners target the bundle they think that tx is in. I cancel my peg out. On the settlement date they've targeted a tx that's alreadycbeen cancelled and rebundled in one they are not targeting.
While there are no direct costs to non cooperation, there are rewards for cooperation and indirect costs.
This post is wrong. That's not how withdraw or withdraw voting work under bip300
Drive chain is not a node technology so 🙋♂️
The technology has beennaround for several years. It's getting a boost in traffic because a well respected bitcoin dev recently did a request on core, the next step on a path to pushing it.
Drivechain is a minimaly invasive addition to bitcoin , that does not impact anything or anyone not interested in using it. It allows more functionality to be expressed on a layer 2 of bitcoin. Including a better versionnof lightning and a better version of ethereum or any present or future altcoin that tries to take away bitcoin dominance. Its an insurance policy, a lifeboat and a swiss army knife, all without risking main net.
Not sure if this is eli5 though.
To an actual 5 year old i would say: Drivechain is icecream with sprinkles. You get to choose what kind of sprinkles. Gundrops or chocolate or walnuts ? Your choice does not take away from someone else choosing not to have sprinkles.
I have been on it a looong time so....
It does nothing you "feel" it does, and your feelings are misleading you.
Unless you can demonstrate technical reasons for your feelings i'm out.
Very very minimal addition to the code with large added functionality.
It poses no risk to anyone not interested in using it.
It's like the new electrical outlets with a usb port in it. It uses up a small bit of space that was not beingbused before, but now you can do so much more. You can plug a fan, a light, a phone directly without an adapter.
It adds the ability to do anything anyother alt-coin claims to do, like zero knowledge proofs, or eth contracts or an even a better version of lightning, without needing anyone who is not interested in these things, to participate.
This means people who like altcoins can start using their hash power and money in securing and spreading bitcoin use instead of going out of ecosystem. Most will stick to the old shitcoins, but DC removes their founding reason for existing : that bircoin can't do certain things.
These examples exist by the way, ethside and zcashSide, on DC.
It moves changes to core up one level, keeping core slow and predictable.
It increases user sovereignty.
It provides real scalability with actionable code ready to go live now, not some idea or thought project that needs years more to develope and launch.
It takes federated and closed source ideas like Liquid, and opens it up to more people. Decentralized Liquid sounds good to me.
It does not give miners more power over the bitcoin network or even over the sidechain.
It does not change the number of bitcoin.
It does not create shitcoins on bitcoin.
It's not an opinion, its a technical assessment. Either what you've said is true or not.
Wild. Even the current dip is on schedule.
This halving is the only legitimate financial technical analysis. When applied to stocks it's just astrology for money.
Just take your horse tranquilizers and leave the thinking tonothers please.
Bip300 does not require nodes to function. Miners can start using this technologyband it won't affect the fundamentals of bitcoin.
There will still only be 21 million bitcoin, nodes will still work the way they have.
It's the equivalent of a mcdonalds franchise in Japan serving sushi, but not serving sushi in texas. It's an opt-in change.
#drivechainDoesNotFuckWithTheNework
If miners soft fork, and you do not, and the change only affects them, and not block size or anything else on main or having to do with nodes, blocks or transactions , how have you changed anything ? Not everyone and not every miner is on the same version of core right now. Bip300 in particular does not give a fuck about nodes.
Its opt-in, affects no one who doesn't want to participate in sidechains , and is a minimal change. Far less than taproot and segwit.
nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev in relation to episode #761
I'm guessing there's some lead time between our chat and new episodes, and you are still researching. But ARK is an idea on paper. Several other ideas thrown around that are the supposed answer to why we won't/don't need Drivechain are also in very early development.
DriveChain has activation ready code with zcash, eth and lightning sidechain code writen ready to go.
And ? What does nodes not using a new OP code that has nothing to do with nodes mean ?
Miners could have forked this years ago and you would not have known.
I'm not on twitter. Drivechain is a great idea.
Another thing, since it is miners not nodes confirming withdraws or merge mining a sidechain, this is also why bip300 could be activated without user consensus.
If a majority of miners activate it, and users hardfork, they would temporarily be less secure than the miner backed chain.
This balance of power is by design.
Drivechain is just one person in a mexican standoff on hot day sipping some water and offering it to everyone else holding a gun at eachothers head.
Nodes matter for different reasons, miners matter for different reasons.
Bip300 is a soft fork, meaning backwards compatibility. It does not affect anyone not interested in sidechains. Miners often need to coordinate through softforks to respond to attacks or improvements that would take too long to get community consensus. They do not break bitcoin. They do not add more coins, they do not change difficulty adjustment, and other thinga that make bitcoin, bitcoin.
Nodes matter for network affect, verification, ect.
And not even over the sidechain actually. I have yet to have had someone sucesfully describe how miners can control the sidechain.
They just repeat the meme.
