Greg Slepak 🐢 · @taoeffect
293 followers · 7384 posts · Server mstdn.io

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

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

#drivechain #StratumV2

Last updated 1 year ago

Greg Slepak 🐢 · @taoeffect
293 followers · 7380 posts · Server mstdn.io

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

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

#drivechain #bitcoin

Last updated 1 year ago

Greg Slepak 🐢 · @taoeffect
293 followers · 7379 posts · Server mstdn.io

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

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

#drivechain #bitcoin

Last updated 1 year ago

Greg Slepak 🐢 · @taoeffect
293 followers · 7378 posts · Server mstdn.io

.@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 adopted today, it would die.

QT twitter.com/fiatjaf/status/169

#bitcoin #drivechain

Last updated 1 year ago

CryptoNewsBot · @cryptonewsbot
692 followers · 39566 posts · Server schleuss.online

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 ... - news.bitcoin.com/what-is-the-d

#paul #news #drama #miners #scaling #fiatjaf #bitcoin #hodlonaut #sidechains #paulsztorc #innovation #drivechain

Last updated 1 year ago

Greg Slepak 🐢 · @taoeffect
293 followers · 7357 posts · Server mstdn.io

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

#drivechain #bitcoin

Last updated 1 year ago

Greg Slepak 🐢 · @taoeffect
293 followers · 7354 posts · Server mstdn.io

It saddens me to see so much energy being directed into 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 $BTC.

#drivechain

Last updated 1 year ago

Greg Slepak 🐢 · @taoeffect
294 followers · 7349 posts · Server mstdn.io

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

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

#StratumV2 #drivechain

Last updated 1 year ago

Greg Slepak 🐢 · @taoeffect
293 followers · 7338 posts · Server mstdn.io

There’s actually no need for 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 users into thinking Drivechain = $BTC.

#drivechain #bitcoin

Last updated 1 year ago

Greg Slepak 🐢 · @taoeffect
293 followers · 7337 posts · Server mstdn.io

There’s actually no need for 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 📷 users into thinking Drivechain = $BTC.

#drivechain #bitcoin

Last updated 1 year ago

Greg Slepak 🐢 · @taoeffect
293 followers · 7336 posts · Server mstdn.io

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

QT twitter.com/taoeffect/status/1

#drivechain #StratumV2 #Liquid_BTC

Last updated 1 year ago

Greg Slepak 🐢 · @taoeffect
293 followers · 7308 posts · Server mstdn.io

Advocacy for / must first begin with advocacy for .

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

#drivechain #BIP300 #StratumV2

Last updated 1 year ago

Greg Slepak 🐢 · @taoeffect
281 followers · 6584 posts · Server mstdn.io

#drivechain

Last updated 2 years ago

Greg Slepak 🐢 · @taoeffect
280 followers · 6579 posts · Server mstdn.io

Chaining to note that can work safely under certain conditions:

QT twitter.com/taoeffect/status/1

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

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

#drivechain #StratumV2

Last updated 2 years ago

Greg Slepak 🐢 · @taoeffect
280 followers · 6578 posts · Server mstdn.io

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

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

via: twitter.com/taoeffect/status/1

#StratumV2 #drivechain

Last updated 2 years ago

Greg Slepak 🐢 · @taoeffect
279 followers · 6569 posts · Server mstdn.io

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

#nostr #drivechain

Last updated 2 years ago

Greg Slepak 🐢 · @taoeffect
279 followers · 6565 posts · Server mstdn.io

"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

Last updated 2 years ago

Greg Slepak 🐢 · @taoeffect
279 followers · 6563 posts · Server mstdn.io

Believe it or not, one of the strongest arguments that I’ve heard against the objections to 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 twitter.com/taoeffect/status/1

#drivechain

Last updated 2 years ago

Greg Slepak 🐢 · @taoeffect
238 followers · 6089 posts · Server mstdn.io

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

#bitcoin #drivechain #BIP300

Last updated 3 years ago

Greg Slepak 🐢 · @taoeffect
238 followers · 6089 posts · Server mstdn.io

While it would sadden me if adopted , 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 will take.

Build something real? Or decay into fakery?

#bitcoin #drivechain

Last updated 5 years ago