Which is more secure (given BitVM or better yet as simple of a softfork as OP_CAT); 1. 200 watchtowers trying to keep 20000 lightning channels opened with a dozen LSPs secure by racing on Bitcoin to challenge a fraud? 2. OR; 200 well incentivized challengers trying to secure a single bridge to a sidechain merge mined with Bitcoin with most of the hashrate, and used by 20000 users. Sometimes I feel like Bitcoiners just hate scaling and division of labour!

This is a clever quote because it sounds a mirror of "the problem with Bitcoin is all the work necessary to trust it" .. I wonder if that was the idea of the quote or just an accident. View quoted note →