No issues here, but am not gaming or doing any screen sharing / capture.
BlueSky invites for anyone who wants to check it out.
Please reply in the comments with the remaining codes if you do.
bsky-social-b24zp-zmz7s
bsky-social-34zbi-z2a75
bsky-social-a5f7i-m3mn5
bsky-social-ybkuz-axhft
bsky-social-s3i2g-k3ov5
bsky-social-7zhfa-reh3s
bsky-social-kr3gr-sid5u
Likely aimed at the very real Russian and Chinese disinformation campaigns but will no doubt be repurposed to combat thought crime.
But they don’t allow Bitcoin to be stolen on the base layer, or further empower the miners.
Do we need a layer 2 for privacy, or do we need to improve privacy at the base layer? Certainly. But, based on my interactions with others, that is the only use case the majority of users support.
Without knowing all of the second and third order affects, I still believe the benefits don’t justify the risks.
Agree to disagree 🙏🏻
And therein lies the problem. I’m not opposed to drivechains conceptually, but I believe it needs to be implemented trustlessly or it’s just an epic rug waiting to happen.
You could argue that the risks are known, so the amount of value locked in a drivechain reflects both the utility and the inherent risk of theft, and you might be right.
Personally though, I can’t support something I see as fundamentally flawed.
Huh? You’re contradicting yourself.
Lightning has trustless peg in / out without relying on miner cooperation.
As much as I love information density, I think B is the perfect balance.
Really? 😂 
Three attacks which aren’t particularly esoteric:
- Miners don’t ack the withdrawal bundle.
- Miners steal the coins.
- Someone else broadcasts a Tx to steal the coins and send them to miner wallets, and miners don’t reject the Tx. You could further incentivise this with a larger RBF.
There is a huge demand for derivatives at Deutsche Bank too. Should we enable that on Bitcoin too?
Just because you can do something, doesn’t mean you should.
A layer 1 node doesn’t need to validate Lightning transactions.
The same can be achieved for other layer 2 networks offering privacy / throughput / data storage etc.
You don’t need drivechains for privacy.
Bitcoin doesn’t need to cater for for other peoples use case. The two aren’t mutually exclusive.
There are no black swans that drivechains provide a solution for 😂
What happens if they do not ack the withdrawal bundle or if they simply spend the coins?
Consider a scenario where there is $30b USD locked up in a drivechain.
Anyone could broadcast a Tx spending the coins to miner wallets, then RBF it to add an additional bounty, and all miners would need to do is allow the Tx to be mined in order to receive their share of the pot.
I think its fairly obvious from Liquid’s transaction volume that it has failed from an adoption perspective.
The part that requires miner consensus to authorise the withdrawals


