Riddle me this: How would you know of they had ?
If you're wondering about #Drivechain this is a thoughtful and clear explanation and examination of risks and potential implications.
https://twitter.com/saylor/status/1697874866102325255?t=XEBSunFd4li1drgP6rDV-w&s=19
It's not at all. It's a bad , spiteful techhnically dishonest video.
FALSE
That's not drivechain
But this twitter cat said i can just HODL.
So you have no technical reasons for being against it. You have feelings. Why should your difference in feelings dictate what i can do with bitcoin? DC allows us both to express our differences.
Bip300 adds nothing you don't want. Its the whole point. It's an opt in op_code.
The urgency is an artificial contruct by people who feel paul directly threatened to fork.
Dc has been in development for years, its following normal bip public education and Push request timelines.
After bip300 you will litteraly not notice it.
Why do you oppose it though ?
I appreciate your good faith engagement with the topic.
Please put tone and personalities aside and just look at the reasoning.
personality signals will mislead in this issue because several charismatic and trusted people in the space have much attention to lose from drivechain absorbing their projects.
What are your thoughts on nostr:npub180cvv07tjdrrgpa0j7j7tmnyl2yr6yr7l8j4s3evf6u64th6gkwsyjh6w6 ‘s argument that Drive Chain is necessary to scale bitcoin to the masses?
Lightning on drivechain, Thunder.
yes. If its not Liquid pushing anti-drivechain fud, i think it may be governments.
If it's governments then that means two scary things:
1. They have an active and orange pilled dis-information online presence. Meaning an office dedicated to observing and destroying bitcoin in any way possible, even minor things like this.
2. Every country in the world might have some group dedicated to this.
We know they are using automated tools for misinformation, argus
Trying to change #Bitcoin's base layer is like a game of Whac-A-Mole — "fixing" one part often f**ks up another part.
#BTC is, in many regards, a Goldilocks technology.
nostr:npub1qg8j6gdwpxlntlxlkew7eu283wzx7hmj32esch42hntdpqdgrslqv024kw explains...👇👇
"There’s something unusual about Bitcoin. So, in 2013 I spent about 4 months of my spare time trying to find any way to appreciably improve Bitcoin, you know across scalability, decentralization, privacy, fungibility, making it easier for people to mine on small devices, a bunch of metrics that I considered to be metrics of improvement. And so I looked at lots of different changing parameters, changing design, changing network, changing cryptography, and you know I came up with lots of different ideas, some of which have been proposed by other people since.
But, basically to my surprise, it seemed that almost anything you did that arguably improved it in one way, made it worse in multiple other ways. It made it more complicated, used more bandwidth, made some other aspect of the system objectively worse.
And so I came to think about it that Bitcoin kind of exists in a narrow pocket of design space. You know, the design space of all possible designs is an enormous search space, right, and counterintuitively it seems you can’t significantly improve it.
And bear in mind I come from a background where I have a PhD in distributed systems, and spent most of my career working on large scale internet systems for startups and big companies, security protocols, and that sort of thing, so I feel like I have a reasonable chance if anybody does of incrementally improving something of this nature. And basically I gave it a shot and concluded, “Wow there is literally, basically nothing. Literally everything you do makes it worse.” Which was not what I was expecting."
Just because one person can't improve bitcoin proves nothing.
Drivechain allows one small change, an op_code, that opens up improvement by billions of people.
The affects on bitcoin are known, increased fees through miners, increased security for bitcoin.
The affects of sidechains are limited to participants in the sidechain, not main net.
Doesn't nostr:npub180cvv07tjdrrgpa0j7j7tmnyl2yr6yr7l8j4s3evf6u64th6gkwsyjh6w6 have complete control over nostr source? And only he approves the NIPs for inclusion?
You don't underatand how protocols work. Anyone can fork the standard and improve it if they can't get a nip through. It does not require consensus like bitcoin does.
Clients have to be able to understand the rules , that's all.
Drivechain is less intrusive than taproot.
They are are great idea and do not harm anyone who i no interested in it.
It's not. Learn to read instead of just memeing.
Drivechain.xyz
The great thing about the free market is you don't have to worry about that.
Liquid requires signup and trusted legaly responsible parties (kyc).
Comparing it to DC is only useful in specific cases, such as that a sidechain might be useful to anyone at all, not in determining Drivechains appeal.
Drivechain opens upnliquid like functionality to plebs. Untrusted parties.
As an aside opinion, to demonstrate my point, the entire blockstream faction is supper into trusted parties. For some reason they along with fedimints are really really into multisig and shared wallets, and they invest in technologies and techniques that spread trust over more people. I guess that is where the money is, business relationships, but it's weird to me.
LTV assumes price is based on labor. Labor+cost+excess.
Proof of work does not assign a price, only proof that physical labor has taken place.
#thinkingOutloud