Replies (9)
Also, wallet of satoshi makes up like 90% of lightning wallets. There is nothing stopping them today to steal everyone’s funds or a state actor ceasing the assets of wallet of satoshi.
Bitcoin was suppose to be peer2peer with no middle men and enable self sovereign money.
Instead we just creating new middle men to trust.
"Turing complete" is nonsense. Z-cash has a trusted supply in order to achieve privacy. Risking the most important characteristic is not a good tradeoff. Sounds like you need to stop huffing the shitcoin propaganda.
If you haven't noticed, changing Bitcoin is both risky & difficult. I would prefer that people build economically sustainable external solutions. 15 supernodes is functionally far more secure than most alts. Even some of the largest shitcoins are extremely centralized despite infinite noise about "defi" or whatever.
It takes time to build secure soverign tech. Shitcoins literally exist because building a real solution to complex problems is hard making Bitcoin slow & marketing a fake solution is easy so shitcoin creators capitalize on the people who can't tell the difference in the mean time.
Much like the short lived shitcoin bubbles, I don't think WoS will remain the most used LN tool (unless they eventually change their model). But for now it solves an ease of use problem, however insecurely it may do so, that will be solved more securely by the many LSP projects that have been in development for years. That said, I use & appreciate WoS because I don't need perfect security for my day to day funds, simple & easy to use is far more important.
In one post you say " Risking the most important characteristic is not a good tradeoff."
And in the previous post you claim Liquid, a KYC'd custodial solution is more desirable.
We have entered the phase of the argument where you know you are wrong and grasping at air.
Allow me to give you a face saving out: we learn and grow by being wrong, it's ok.
Drivechain allows for one minor change to push mosy future changes to Layer 2.
It is a more secure way to develope bitcoin functionality.
The most important characteristic is the guarantee of a limited supply.
Liquid doesn't risk supply, & there's no need to KYC anything.
Stfu
Now you are spiralling into madness and cope, the last retreat of the vanquished.
Muddied and defeated you swing your sword around as the truth encircles and closes in, like the final scene in a period movie.
Drivechains do not increase supply.
Everyone participating in the Liquid multisig is KYC'd.
You skipped over the custodial thing. Very important. If bitcoin is custodied it can be censored.
Even you, a hardcore bitcoiner immersed in this space, can't resist using WoS because LN is so bad means the average person will have no chance.
Custodial "Bitcoin" here we come!
