Incentives matter. Drivechains break incentives.
Layers can and will happen. It’s one of the best ways to scale.
https://trustisascalingsolution.com/
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Merge mining already exists. It was invented by Satoshi with Namecoin. The federated Rootstock sidechain already merge mines with Bitcoin. BIP301 is just optimised standardised version of this, for multiple Drivechain sidechains. Sidechain transaction fees go to miners like mainchain fees go to miners.
So how does drivechain break incentives?
Some users may choose to trust custdodians. Look at Lightning 90% of LN users are choosing to trust Walle of satoshi.
Some users may choose to trust miners to follow out game theory of PoW like bitcoiners already trust miners for mainchain.
Can i get a TLDR ? Who the hell has time for 31 articles from a random ?
Do you audit the compiler code that runs on your devices? Or any other aspect of your stack? Trust is how we scale technology. The term "standing on the shoulders of giants" comes to mind.
Also, the articles are not long...
Yes, but i'm mostly looking for your writings on Drivechains, not adopting your whole worldview, which is probably already aligned with mine if you're a Tuttle fan.
I have actually audited gcc because i am actually that autistic and sexless. I was hyper focused on a lisp transpiler at the time so it was part of that deep dive.
My point is, you quoted all of your written work in a comment opposed to drivechains. You mention a common objection that has been "debunked" from day two of bip300. Almost a decade ago, which means you not know what you are talking about. So, i could read 30 articles and use all that time to find the one relevant objection i'm interested in, or you could just point it out.
My goal here is find something wrong with drivechains, i'm a bug hunter, so sonething you say might be valid. But all the arguments so far against it have been really really bad. It's an interesting and worthwhile economic and technical project.
Ok , they are quite short and based on your other comments your idea is worth looking into. Please offer a version without the floating icon in the back. Its very irritating to try and read words above it. I hope read/focus mode works for this site 🙄
Not my site. 🤷♂️ sorry. nostr:npub1p4kg8zxukpym3h20erfa3samj00rm2gt4q5wfuyu3tg0x3jg3gesvncxf8
Realized that after😆
I have no writing on drivechains, but I won't be considering them until mining is more decentralized. Hopefully Stratum v2 will help this along, then I can consider putting more economic weight onto mining. The mining ecosystem seems ripe for State capture with the trend toward centralization (look at the three biggest mining pools). Adding drivechains now, (which enable "crypto" tokens, to my understanding) seems like it would draw more attention from the State, given all the recent crack down on crypto more broadly. Landing Sv2 can help disperse the mining risk before we add some other reason for the State to crack down. Maybe in a decade, I would consider drivechains seriously and do more research. For now, I am crunched for time and bandwidth so plan to focus on things I can build now that are helpful.