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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 up to us to enshrine the deepest principles of Bitcoin. It depends on the plebs! #Bitcoin will continue to be freedom technology until it isn't. 👀

Yep. Lots of nOiSe and redundancy and outright misguiding people.

Thanks. I have and do. I agree with Jimmy Song.

A hard fork settles everything.

I do not want BIP300 and think it's a bad idea in its self and is bad for Bitcoin. Not a fan. No argument has convinced me otherwise so far. 🤷 Just feel like it's only purpose is to let shitcoiners piggyback, and to let miners have more power and fees.

No thanks.

Replying to Avatar jimmysong

The Case for a Chain Split

The debate surrounding drivechains has been heating up, with proponents employing various tactics to garner support. This divisive issue echoes previous disputes in the Bitcoin community, such as the 2017 block size controversy. As such, we should consider what was then the definitive resolution: a chain split.

A significant portion of the Bitcoin community rejects drivechains, effectively blocking its implementation via a soft fork. Bitcoin's voluntary nature makes it resistant to hostile takeovers, despite claims that miners could force the change. Disagree with that last statement? Then let's put that to the test. We can resolve this posturing and propaganda by forking the code.

Here's how it would work: Code implementing drivechains would be released. Those who support the proposal can run this code. A transaction that goes against drivechain rules but adheres to pre-drivechain rules will trigger a chain split. Those running the drivechain software wouldn't be doing anything, but nodes that aren't can reject the drivechain chain by using the "invalidateblock" command. The result will be two distinct Bitcoins: one with drivechains and one without.

This approach was resolved the conflict we had in August 2017, when Bitcoin Cash split off from Bitcoin. Similarly, proponents and opponents of drivechains can either hold or sell their respective Bitcoins post-split. This would be a real-world test of control and game theory within the network.

I advocate for this split not just for potential profits, but also because it's a peaceful solution. It would let us see in real time how convicted the drivechain people are. Will drivechain miners support it if it means mining at a loss? A chain split would serve as a critical learning opportunity for the community, providing a clear answer to the ongoing debate. Ultimately, this will strengthen Bitcoin by showing the market how hard it is to change its properties.

So bring it on! Fork or shut up.

https://void.cat/d/SEbocwy3dabt6xJaaXM5Sk.mp3

Agree. 💯 If BIP300 is such a great idea, then hard fork it and prove it. #Drivechain #BIP300

Show everyone how much better it'll make the best money ever created.

🥴👌

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Replying to Avatar Cyber Seagull

Matt's reply here is a commonnin defence of drivechains that is good, but not my favorite. It's one of the weaker defences, and only weak because of the counter position of most maxi veliefe that bitcoin number go up.

Claiming miners will need fees when your debate partner believes future miners will always make sufficient money of blocks because fiat will simultaneously lose value alongside it is not how bitcoinnwqs intended or designed. So if they do not know this or are ignoring it, i prefer leading with the stronger more universal reasons.

>Maybe mining wasn't supposed to be mostly centralized corporations. In concept.

>Satoshi intended plebs to mine off CPUs.

I cannot know the mind of satoshi or his intention. Perhaps he saw the present reality or not. He's not god or a parent i am supposed to carry out their will for. He was just a clever engineer who in cooperation with many others and their inventions, created bitcoin. Also, he intended fees to secure the network long term, the security model relies on this, from his perspective vased on the whitepaper of 2009.

We must deal with present reality. For instance, by your reasoning we should switch to Monero. It uses RandomX which eliminates ASICS completely and allows any regular laptop to secure the network. Switching to randomX (but not monero) happens to be one of the emergency measures that could be taken to circumvent a state level 51% attack by the way.

>In theory, is changing the Core code good for the money itself?

In theory and in practice yes. More intrusive and disruptive bips have been passed before. Bip300 will have fewer affects than taproot, simply because the affects are designed to be isolated to those who want to participate.

>Mining will be fine, as difficulty will adjust. Same security.

Maybe it will but the difficulty adjustment does not pay more money to miners or incentiviseS a dencentralized hash. I find miner arguments againsy DC to be a distraction. DC plays by the rules and dynamics that exist. Miner decentralization is an important issue and there are other projects trying to deal with that. But this bip is about sonething else.

I hope this comment was relevant, i did not read the ones further up the line.

Appreciate the thoughtful engagement. Lots to consider.

Have a good day eveeyone!

What the?! I just solved "global warming".

GPT says that Air Conditioning, if newer model and powered from renewable energy, is net cooling for the earth.

🥶🧊 If everyone using reknewable energy AC units used them for a while each day with windows open... boom. We've cooled the earth.

Yes. I'll accept my nobel prize now thanks. 🏅

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Big brain thinking. Are Air Conditioners net warming or cooling to the ambient temperature in total. Excluding the power consumption and residual heat needed for the electricity.

And whatever the answer is, by how much. Ratio needed.

Another thing on my list now. Hah!

I've had doubts about Proton, especially how FOSS it is.

You're saying it's no good because they built I access to pull some of my data?

This is bad.