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Comparing this to custodial lightning and cashu it doesn't seem so bad. I thought with bip300 we would not be relying on multisig?
DOA
Why didn't he implement it on Bcash or LTC first?
It is all the same shit rearranged. Nothing can anchor to bitcoin without trust.
Because no one actually needs more blockchains.
I would like to spend my bitcoin privately without trusting some bro running a mint
Your seriously saying drivechains is the same trust model as custodial lighting or cashu?
Its obviously far superior
Not saying, proving.
I think thats such a gross over simplification of the tradeoffs. Even if. I would rather trust miners then some random bro with a cashu mint or some LNSP. Everyday i'm flipping between monero or bitcoin. Bitcoin is the money because of network effect and shelling point. Monero has the network effect and shelling point in privacy coins. Id rather just use a private bitcoin that has a distributed trust model. Drivechains would pull the air out of the room on alts
If you trust miners you dont need drivechains. Just tell them not to replace your txn and include it someday when they can. And also accept that as settlement when people pay you. Zero-conf txns solve your needs.
Yes Tru but i still want privacy so zcash drive chain
This is hyperbole and really a bad faith comment. You are not even proposing any solution while the real world state of bitcoin l2s is much worse than trusting miners dont collude. We are all trusting custodians on here for lightning and cashu.
What are you talking about? Is this a bot account?
You could just ask the miner to run a mint for you and get a better UX.
Its not that reductive. It would be a very public theft if miners tried to rug a drivechain. And yes miners running the mint would be much better then a faceless anon from africa waiting for a pay day.
Again as opposed to what. Bitcoin just ossifies and dies because ppl only use it as "digital gold"
No. It is simple because any design that implies trust in miners must accept that also means trust in government, and trust that nothing would convince them to rug pull.
This is a horrible assumption.
Well ig bitcoin is fucked because of mining pools then
No, that isn't the problem...
Wym governments can just come in and force ofac with the major mining pools.
Miners dont need to pool at all.
And yet they do