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time to Google what Drivechain is
Hey that’s my photo🤪
Stupid question, what is drivechain ? 😅
You have my sats, I have your photo, everyone wins 😂🧡🫂💜
My bike would be fucked without its drive chain 100%
Value for value🤣
I'm still waiting for clients to implement zap-forwarding.
@PABLOF7z plz get it done by tomorrow or smthng
So…we can just port all the shitcoins over to bitcoin, but it won’t clog the mempool. Did I get that right?
And just like that I need to learn what Drivechain is🤔😅
Following 😁
Concerning statement by @fiatjaf
Or I just add my nostr account on the photo🤣
But I believe in Pablo!
That looks like Etherium but on Bitcoin.
Why though? It'd be interesting to follow how they came to those conclusions.
😂
comment on the right seems a little hyperbolic
I don’t like anything that changes the role of mining to anything other than providing Proof of Work. Their role is very simple now, provide valid Proof of Work, get paid.
Adding anything else to their job description distorts incentives and its unknown what the outcomes are on Bitcoin but its disastrous on Ethereum
What is zap-forwarding?
Would have been nice if first someone would explain what it means.
" Drivechain allows Bitcoin to create, delete, send BTC to, and receive BTC from “Layer-2”s called “sidechains”. Sidechains are Altcoins that lack a native “coin” – instead, pre-existing coins [from a different blockchain] must first be sent over.
Once on a sidechain, coins can change hands an unlimited number of times, and in an unlimited number of new ways. Thus, BTC-owners can opt-in to new features or tradeoffs. Meanwhile, the Bitcoiners who don’t opt-in, never need to care what any sidechain is doing.
Transfers from sidechain back to the mainchain (ie, from Layer 2 back to Layer 1) are not done via verifiable proof, but instead via conjecture-and-refutation. A “bundle” of transfers is asserted, and then slowly “ACKed” over time. After 3 months of ACKing, the bundle succeeds. Thus, the SC:BTC market price cannot deviate significantly from a 1:1 ratio"
Drivechain (BIPs 300+301) | Drivechain: Peer-to-Peer Bitcoin Sidechains
Drivechain is dumb.
Shitcoiners trying to shit on bitcoin
Running core 20.0. just dont care anymore
Adding drivechain doesn't change the role of miners...
드라이브체인이 뭔지 아시는 분 한국말로 설명 부탁드립니다.
View quoted note →
Seems like the entire idea is being stonewalled out of indifference. Just because we can do something doesn’t mean we should do it sort of thing.
wrong
Explain how it changes the role of miners from hashing to something else please
They also become the validators for anything that happens on the sidechains. Bitcoiners have an ethos of running nodes themselves to validate. That same ethos won’t exist on the sidechains and people will just trust the miners to do it.
If you haven’t noticed, in Ethereum they even renamed the miners to validators.
Why does bitcoin needs it? It's like a new sidechain without a native token, but how does that helps bitcoin to me global money? It seem it's only a desire to have a playground for devs, for "blockchain projects" or to counter altcoins, so we bring altcoins to us and solve the "security budget" problem. None of these reasons are good or necessary to bitcoin, they are bad.
Was about to say something similar & less diplomatically worded. I think, people are already generally sick & tired of some people telling everyone, that the entire world will end soon, if we don't do this one thing (whatever the thing is), which a minority requests everyone to do.
Thanks for answering everyone's question. :D
Been curious about this myself. I don’t see why drivechain hasn’t caught on.
Puh, im not alone 🤭
The first question I have would be “why not?”
I would really like to see a proper debate on DriveChains it feels like all the detractors are acting like Peter Hotez to RFK on Vaccines.
If its so obviously bad then debate and easily prove it!
It probably needs to be a panel debate of sorts, I don't think 1v1 is good enough for such a deep topic.
Paul+fiatjaf+supertestnet Vs NVK+sjors(not sure of his position on bip300)+Peter Todd
All it would do is make bitcoin a shitcoin platform. All the regulatory and congressional heat on "crypto" would shift to bitcoin. And for what purpose? So a bunch of cynical grifters can create thousands of unproductive assets they can dump on retail dipshits? So we can have 2014-2022 again, but "on bitcoin"?
The proposed implementation is not zero trust that the miners won't steal. Drivechains proponents argue that is fine and they won't because they already don't steal. They don't get that they would if mining now wasn't a zero trust system.
Monero has the only missing value I'm ever looking for. If I need that I'll atomic swap and spend. I will never use a DC unless I see far better arguments than I've seen so far.
I have no idea what drivechain is
Somehow I have a feeling that Henry created this pic. Or at least propagated this.
We already have a side-chain with a monetary unit that is pegged to btc. It’s called liquid. Not sure why other side chains can’t just use this architecture if needed.
View quoted note → This officially becomes the peak of my photography career
Yeah. All other layers and solutions will always be work in progress and subject to be better engineered through endless iterations, letting people make their own choices on what to compromise
another handy link! -
NOT ON MY NODE. take your shitcoins elsewhere.
Walletchain > drivechain
Don't know anything about drivechain, however the price suppression/manipulation of bitcoin is the biggest "bug" over the last few years
"The world" doesn't want bitcoin so I guess we have plenty of time to debate drive chains, etc :)
The way the grift works is there must be a token. With drivechains there is no reason to create a token to pump. All L2s simply grow the network effect of BTC
Miner's incentives change.
you really believe with drive chains people will not want to speculate on tokens? 😂
side chains does not solve the hard cap on UTXOs, it's no better scale then just litecoin for payments or some bullshit like that
only covenants can expand the amount of optional UTXOs individuals can hold
Isn't it waste of precious #bitcoin ?