The only circumstance under which #Drivechain adoption might be classified as anything other than "a bullet to the head" is with widespread #StratumV2 adoption.

And even then, still, it will be a worse solution than the existing solutions other blockchains have implemented today

Other blockchains have figured out how to scale and add functionality while preserving self-custodianship.

Adopting #Drivechain today would not help #Bitcoin compete with these other chains because their implementation of multi-chain functionality is way better than Drivechain.

#Drivechain was developed by a non-engineer and is a mediocre scaling / functionality non-solution for #Bitcoin.

It is receiving attention due to #Bitcoin's current ossification from the "we must do something, no matter how dumb" crowd.

.@fiatjaf: "huge and dynamic"

Reality: 2 companies, AntPool & Foundry USA

"no incentive to rugpull"

Reality: billions of dollars worth of incentive

"no KYC/AML"

Reality: If #Bitcoin adopted #Drivechain today, it would die.

QT https://twitter.com/fiatjaf/status/1699945394682085460

What Is the Drivechain Proposal and Why Is It Dividing the Bitcoin Community? - Drivechain, a Bitcoin improvement proposal that presents a way of scaling Bitcoin ... - https://news.bitcoin.com/what-is-the-drivechain-proposal-and-why-is-it-dividing-the-bitcoin-community/ #drivechain #innovation #paulsztorc #sidechains #hodlonaut #bitcoin #fiatjaf #scaling #miners #drama #news #paul

The only thing keeping #Drivechain alive is @Truthcoin's snake-oil salesmanship, and a lack of initiative from the #Bitcoin community to do better.

It saddens me to see so much energy being directed into #Drivechain instead of into real sharding.

A proof-of-burn primitive makes it possible burn tokens on Chain 1 and mint them on Chain 2. Simple & actually secure. OK to call that real $BTC. Not OK to call #Drivechain $BTC.

Without #StratumV2 adoption, #Drivechain is unsafe regardless of how long the withdrawal window is.

With widespread @StratumV2 adoption, #Drivechain can actually shorten its ridiculously long withdrawal window and be way safer.

There’s actually no need for #Drivechain to wait to do this. They can do it now without the Core Devs permission.

The fact that they don’t tells you their real goal is to confuse #Bitcoin users into thinking Drivechain = $BTC.

There’s actually no need for #Drivechain to wait to do this. They can do it now without the Core Devs permission.

The fact that they don’t tells you their real goal is to confuse #Bitcoin📷 users into thinking Drivechain = $BTC.

I would have zero problem with #Drivechain being adopted today — without #StratumV2 — if it were advertised in an honest way, as a multisig sidechain that’s a less secure, fully custodial version of
@Blockstream's #Liquid_BTC

QT https://twitter.com/taoeffect/status/1696247092845625676

Advocacy for #Drivechain / #BIP300 must first begin with advocacy for #StratumV2.

Only after widespread adoption of Stratum V2 is Drivechain adoption safe.

Talked about #Drivechain on this Twitter space: https://twitter.com/layertwolabs/status/1621199570444374016

Chaining to note that #Drivechain can work safely under certain conditions:

QT https://twitter.com/taoeffect/status/1620195873379721216

If the largest mining pools are edge/collective-pools using something like #StratumV2 then that should largely address the theft concerns.

The market makers / swaps would address the withdrawal delay concerns. #Drivechain

"If the largest mining pools are edge/collective-pools using something like #StratumV2 then that should largely address the theft concerns.

The market makers / swaps would address the withdrawal delay concerns. #Drivechain"

via: https://twitter.com/taoeffect/status/1620195873379721216

It’s “really sad” because @fiatjaf has plenty of good ideas. #Nostr is a solid idea. #Drivechain? Not so much.

"oh but we want to use Bitcoin on other chains!"

You can already do that, right now!

There's @Liquid_BTC. There's $WBTC. There's $tBTC.

And yes, there are exchanges and atomic swaps for altcoins.

All better ideas than #Drivechain.

Believe it or not, one of the strongest arguments that I’ve heard against the objections to #Drivechain goes like this: “So what if it’s a bad idea? Nobody’s forcing anyone to use it!”

This is dumb for a few reasons:

QT https://twitter.com/taoeffect/status/1619857479659327488

#Drivechain / #BIP300 doesn’t exist in a vacuum. Other cryptocurrencies also have sharding solutions too, and ones that are far better. #BIP300 doesn’t help #Bitcoin stay competitive.

While it would sadden me if #Bitcoin adopted #Drivechain, forsaking better options in order to increase the likelihood of theft, it is not up to me, but to the community, to decide which future #Bitcoin will take.

Build something real? Or decay into fakery?