BTCapsule 🏴's avatar
BTCapsule 🏴
btcapsule@nostr.report
npub1v6xw...xk5t
You should probably block me
If you don’t want #Bitcoin to replace fiat, ossification is a great strategy
I made this a few months ago, but I don’t need it for anything #logo image
I recently had a conversation with @Shinobi (Shinobi) about the dangers of #drivechain and his debate with Paul Sztorc from @nobody In the debate, Shinobi is attempting to create a scenario where drivechain could potentially effect L1 (because that is the ONLY thing that matters with a soft fork). A scenario is imagined where Amazon creates a sidechain that has a single node and costs $10,000,000/yr to run. Bitcoiners flock to it because "the value proposition is you can use your Bitcoin with Amazon". Through a whole bunch of conspiracies and stupid Bitcoiners joining the sidechain, Amazon gains control of L1 hashing power. Okay, fine. So I asked Shinobi why Amazon cannot do this right now with a federated sidechain. I have not received an answer. @Peter Todd also believes drivechain leads to mining centralization, so I’m interested in his thoughts too. THIS IS WHY WE CANNOT HAVE PRIVACY AND GLOBAL SCALABILITY ON BITCOIN, so I think it’s important.
Do you realize how valuable it is to have a #Bitcoin UTXO? They want your Bitcoin. Don’t trust, verify.
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