Damus
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Which is more secure (given BitVM or better yet as simple of a softfork as OP_CAT);

1. 200 watchtowers trying to keep 20000 lightning channels opened with a dozen LSPs secure by racing on Bitcoin to challenge a fraud?

2. OR; 200 well incentivized challengers trying to secure a single bridge to a sidechain merge mined with Bitcoin with most of the hashrate, and used by 20000 users.

Sometimes I feel like Bitcoiners just hate scaling and division of labour!
4
jb55 · 3d
op_cat may seem simple but will just lead to more complexity off chain. Ideally we just get covenants that actually express what we want to do offchain so we don’t need to jump through hoops or have complicated interactive protocols that require servers