Damus
goatmeal · 2w
merge mined sidechains and a decentralized two-way peg. it mimics exactly what already happens naturally, it just ensures that the bitcoin miners get all of the fee revenue instead of altcoins and tru...
weev profile picture
I don't know how you can have Bitcoin be spread across multiple blockchains while still maintaining a fixed supply of 21M. Seems like a security disaster, ripe for a multitude of race conditions and consensus attacks on supply, state, and immutability, architecturally completely an autistic dream that is not possible to soundly implement. And Bitcoin is explictly defined as *the longest chain*. Not *the longest chains*. What you are describing is no longer Bitcoin at all, and cannot possibly be Bitcoin.
1
j · 2w
Read BIP300
goatmeal · 2w
the two-way peg can be done without consensus changes and is being done in production right now, with additional trust assumptions, via bitvm. this is what the merge mined sidechain called rootstock is using. curiously the luke dashjr crowd wants to destroy bitvm. citrea also keeps a two-way peg to ...