Damus
preston profile picture
preston
@preston
Drivechains

Alright people, we are playing a game of chess here. The one thing, the absolute one thing, we can't do is give up the king. To give up the king, in my humble opinion, is to mess up the base layer. This mistake would disrupt the delicate incentive structure that ensures sound money. That sound money pegs the extremely fragile credit markets and out-of-control G7 policymakers that are creating clown world with their CB fiat policies.

We don’t need the sound, pegged, money to move fast, we don’t need the money to do smart swoopty things, we just need it to be pegged, immutable, and digitally sailable to actually stop the madness of clown world.

By introducing a whole lot of technical complexity to the base layer and potentially screwing with the incentives all so we can connect to a bunch of centralized shitcoin projects is like playing offense with the king when you’re down 7 pieces and the other player still has their entire back row at their disposal.

A. Why the rush!?
B. Why not just go use Monero if you need that level of anominity in your transactions. Why do you have to have it in a wrapper via drivechains?
C. Why risk the king without deep understanding and testing of the technical risk and potential change to incentives?

The beauty of Bitcoin is you can build it and softfork it, and we’ll let the community vote with their nodes. BUT, I for one, have no use for drivechains (that doesn’t mean everyone is like me). And as a result, I will not be updating my node and running any attempted “secret” softfork updates by the miners.
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fiatjaf · 137w
How can you stop the clown world if only a handful of people can use it noncustodially?
moarch · 137w
Drivechains are not an impetuous implementation but an analytical extension of the Bitcoin protocol. They employ a federated consensus model, allowing Bitcoin's main chain to interoperate with sidechains without changing the Nakamoto consensus rules of the primary layer. The suggestion to use Moner...
roughvoice642 · 137w
Good reply, Preston. However, IMHO everyone is missing the point by giving all of their opinions of what should or should not be done. The only relevant things is what will actually happen with Bitcoin. If you want another metaphor, you don't defend a lion or debate how it should perform in a co...
Garyj · 137w
Why is everyone not using Bitcoin(yet) ? Because Gresham's Law(bad money drives out good money under legal tender laws) is still in effect. While that law holds people will preferably use the fiat crap to spend because they have to so long as the legal tender laws are in place and the useless money ...
Cyber Seagull · 136w
Chess is not even the same game it once was. Chess is not real life, with chance accidents and real world discoveries of new technologies. Not only is your comparison unfit, it ignores a better one. Ecology. Bitcoin exists in a competive jungle and you are arguing for overspecialization in the f...
j · 136w
https://cdn.nostr.build/i/835b46f092e5733a6a284c8495a91484f0915ce3b98d831d676dc80f1496b0e0.jpg