Well in several years as the block subsidy drops each halveing. Most of miner revenue is likely going to come from bitcoin transactions fees. So as long as people are using bitcoin and fees go to miners to secure the network I don’t care what they use their BTC for. There’s an elephant in the room many in the space ignore. ETH is deflationary and supply shrinks as transaction fees increase due to the fee burning mechanism. Why I am talking about a PoS centralised shitcoin? If bitcoin doesn’t build out applications with large number users then it’s possible for a shitcoin like eth with many layer 2 scaling solutions and deflationary monetary supply to flip bitcoin just by network effects and Wall Street deciding they like eth more. Okay let’s go with your idea and use tap ass, and spider chain. Firstly, tap ass suffers the same problems as lightning users dependant on centralised Liquidity Service Providers (new banks) to perform successful transactions. Secondly, spider chain has no code made public yet. It admits it’s that you have trust members to release your bitcoin when you wish to return back to (13000 blocks) mainchain. The whole point of drivechain soft fork is so it takes 3-6 months to withdraw your btc to mainchain. It takes 51% miners to steal over 3-6 months the sidechain funds. The chances of this statistically very low as it’s fully transparent. Making it basically trustless.

PoS is centralizing, self referencial & fundamentally insecure. ETH is already too centralized & totally fucked long term. Bitcoin blockspace will continue to be full & in demand. Miners produce heat & can theoretically operate at a loss because people pay to heat things. As miners wind up applied to all the areas of life where they can be applied, I'm confident that securing the network will cease to be any concern among rational people - not that there is any reason for concern now anway. If large mining farms eventually become unprofitable it'll just mean that decentralization will improve. The LSP market has zero barrier to entry when compared to any banking or financial institution today. A tech savvy 15yr old could be your LSP. None of the modern banking problems exist on lightning. Your position is ridiculous. Peg in & peg out risk in a sidechain with private transactions & atomic swaps via lightning are not serious problems. Neither on Liquid nor something like spiderchains. Liquid is already far more secure than any shitcoin, & I suspect any decent fedimint or spiderchain or similar solution likely will be too. If all miners are participating then drivechains screw with miner competition the same way big blocks would (plenty has been written on the problems with big blocks). If only a few miners are participating then the drivechains are completely insecure & subject to being wiped of all coins at any time. Anyone claiming drivechains are needed when so few of the scaling solutions that we already have are even being used is just full of shit. My node will run software to reject anything to do with drivechains if necessary & I know I'm not the only person.

Let me guess, all this vaporware is just 5 years around the corner. Just like when lightning was pitched. Now we come to find all the podcasters and influencers were overpromising what LN can do. And can't even do the one thing it supposedly had an advantage in: SCALE Horrible sovereign UX (exactly why everyone is on custodial WoS), not used P2P, and incentives lead to large centralizing hubs that route everyone's payments Great!