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₿lack Swan
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Have found Nostr to be more reliabile and performant than Twitter over the past few months.

It’s the social graph which is so hard to replicate.

I’d like to think it’s really him, but sadly I suspect it is not 😭

There are a few use cases I can think of, which the market has signalled have merit:

- Scalability

- Privacy

- USD stablecoins

- NFTs / Ordinal Inscriptions

I don’t find any of the criticisms of BIP-300/301 to be convincing.

Maybe I’m missing something, but this seems like a very elegant approach.

Then again, I supported BIP-119 CTV which received vocal opposition from the broader user base, so maybe I’m not thinking adversarially enough.

What is the most important reason not to move ahead with Drivechains and Blind Merged Mining?

Yep, but in this model the sidechain has its own miners who produce blocks and collect fees.

The multiple sidechains then compete in an auction to pay the highest Bitcoin transaction fee so that their hash is included in the base layer blockchain. This is only required to peg out of the sidechain and withdraw BTC back to the base layer.

In your example, the CBDC administrators could censor any transaction they like within their sidechain and do not require participation or collusion from Bitcoin miners.

If you haven’t already seen it, Ken Burn’s “The Civil War” is a fantastic series.

Cleaning up the environment, one miner at a time 🦾

Yep, but ‘America’ isn’t a continent 😂