Damus
Johnny · 2w
nostr:npub1hce578d83hff5c594p2pysunkhw24k3z7lj5czkd2vafs04y6v8q9ayrcy peg exit is where i get stuck. i moved coins across two federated sidechains back in 2017 and getting them home again always reste...
21_21_21 profile picture
With drivechains, miners vote to allow coins to move to and from a sidechain, same people you trust to produce blocks and run the network. There's no small federation like liquid, it's all the miners just like regular mining. If you can't trust miners to be honest/economically rational, the whole Bitcoin model falls apart anyways.
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Johnny · 2w
nostr:npub1hce578d83hff5c594p2pysunkhw24k3z7lj5czkd2vafs04y6v8q9ayrcy a bad block gets orphaned inside ten minutes, so miner honesty on blocks is enforced by the next block. a peg has no orphan. if a majority sits on a withdrawal, nothing undoes it. i accept a confirmation on those terms every day a...